Middle East & Africa Embedded Security Market Size & Outlook
The embedded security market in Middle East & Africa is expected to reach a projected revenue of US$ 882.7 million by 2030. A compound annual growth rate of 7.1% is expected of Middle East & Africa embedded security market from 2024 to 2030.
Revenue, 2023 (US$M)
$547.6
Forecast, 2030 (US$M)
$882.7
CAGR, 2024 - 2030
7.1%
Report Coverage
Middle East & Africa
MEA embedded security market highlights
- The MEA embedded security market generated a revenue of USD 547.6 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 547.6 million |
| Market revenue in 2030 | USD 882.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | IDEMIA, Infineon Technologies AG, Intellias, Karamba Security, McAfee, Microchip Technology Inc, NXP Semiconductors NV, Qualcomm Inc, Rambus Inc, Renesas Electronics Corp, Samsung Electronics Co Ltd, Sirin Software, STMicroelectronics NV, Texas Instruments Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.4% of the global embedded security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,996.1 million by 2030.
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Embedded Security Market Scope
Embedded security market segmentation & scope
Hardware
Secure Element
Embedded SIM
Trusted Platform Modules
Hardware Security Modules
Hardware Token
Security Type
Authentication And Access Management
Payment
Content Protection
End Use
Automotive
Healthcare
Consumer Electronics
Telecommunications
Aerospace & Defense
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Embedded Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sirin Software | View profile | 51-100 | Kyiv, Kyyiv, Ukraine, Europe | https://sirinsoftware.com/ |
| Rambus Inc | View profile | 623 | 4453 North First Street, Suite 100, San Jose, CA, United States, 95134 | https://www.rambus.com |
| Karamba Security | View profile | 11-50 | Bloomfield Hills, Michigan, United States, North America | https://karambasecurity.com/ |
| Intellias | View profile | 1001-5000 | Lviv, L'vivs'ka Oblast', Ukraine, Europe | http://www.intellias.com/ |
| McAfee | View profile | 5001-10000 | Santa Clara, California, United States, North America | http://www.mcafee.com |
| Renesas Electronics Corp | View profile | 21236 | Toyosu Foresia, 3-2-24, Toyosu, Koto-ku, Tokyo, Japan, 135-0061 | http://www.renesas.com |
| IDEMIA | View profile | 10001+ | Courbevoie, Ile-de-France, France, Europe | https://www.idemia.com/ |
| Microchip Technology Inc | View profile | 22600 | 2355 West Chandler Boulevard, Chandler, AZ, United States, 85224-6199 | https://www.microchip.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Qualcomm Inc | View profile | 50000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | https://www.qualcomm.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
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