Internet of Things to boost secure credential & embedded security market by 63% to $8.5bn by 2022, says P.A.ID

P.A.ID Strategies has launched its new Digital Secure Solutions: Credentials, Embedded + IoT Devices Market Intelligence Service to clients. It found that the market for secure credentials and embedded hardware for connected devices increased in value by 15.4% in 2018 and is forecast to rapidly grow by a further 41% by 2022 as emerging applications in the IoT implement security and digital credentials are introduced alongside existing smart cards.

IoT sectors, including automotive, industrial, ICT infrastructure, logistics and supply chain, object ID, smart home and consumer, and utilities will increasingly look to proven hardware-based secure solutions in order to meet regulatory, service provider and end-user requirements and concerns regarding security and data protection.

Traditional credentials, such as smart cards, will continue to account for the majority of market volume although the ability to create, access and share digital credentials, plus securing connected devices, will drive adoption of higher value solutions.

Combined, these trends will see demand jump from 14.2 billion units last year to 18.8 billion units in 2022 for a combination of authentication ICs, embedded secure elements (eSEs), embedded SIMs (eSIMs), hardware security modules (HSMs), secure microprocessors, smart card ICs, secure access modules (SAMs), trusted execution environments (TEEs) and trusted platform modules (TPMs).

“Smart cards have been a proven and trusted solution for 20 years although adoption has been unsteady, even in established sectors such as banking and government.  We expect that the same will happen in these new IoT applications; it will not be even and steady despite there being a recognised need to implement security” said John Devlin, principal analyst at P.A.ID Strategies.

“Automotive has been the first to move, with deals being struck between OEMs with companies like G+D Mobile Security, Infineon and Trustonic eSIMs, TPMs and TEEs to ensure cars remain safe and secure as they become more connected and autonomous” he added. “Some sectors are more fragmented and will either take regulation or a major breach to move the market forward.

Smart home and consumer devices are quick to market and do not always have security built in by design. With California and Japan having confirmed that they are looking to introduce legislation in 2020 to ensure that device OEMs and brands have a responsibility to ensure a minimum and reasonable level of security this is set to change.”

Protection of IP and device/object authentication have been found to be the drivers for high volume solutions, such as authentication ICs, as well as high value ones, such as HSMs. These will be important to identity devices on networks and ensure data integrity and protection as well as protecting brand value, whether consumables, spares or preventing unauthorised production runs.

Concurrently, the need to provide secure platforms and secure communication channels for the protection of personal data as well as operational and device management purposes is increasing as companies trial and implement their IoT strategies.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow


Huawei launches FRMCS solution to facilitate digital transformation of railway

Posted on: September 28, 2022

Huawei officially launched the Future Railway Mobile Communication System (FRMCS) solution at the InnoTrans 2022 and the 9th Huawei Global Rail Summit in Berlin, Germany, where special guests, Wang Guoyu, COO of Huawei Aviation & Rail BU, and Li Jie, president of Huawei Enterprise Wireless Domain, spoke about its success.

Read more

The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

Read more

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox