The use of FPGA-based security solutions results in improved performance and reduced costs. FPGAs are preferred for hardware-based security designs owing to their re-programmability, which enables diverse design iterations to ensure enhanced control. In general, the FPGA-based security designs usea combination of individual IP blocks to build complete security protocols, including key management. The growing demand for FPGAs in various industries is driving the growth of the FPGA security market in North America.
The FPGA Security market in North Americais expected to grow from US$ 618.6 million in 2019 to US$ 1,186.3 million by 2027; it is estimated to grow at a CAGR of 8.7% from 2020 to 2027.
The growth of the telecommunications industry, rising trend of automation across various industries, and unprecedented rise in the number of IoT-connected devices are a few of the key factors for driving the North America FPGA security market growth. However, issues related to FPGA design and performance hinder the growth of the market in several applications.Despite such limitations, the increasing number of 5G deployments across North America and rising demand of FPGAs in the automotive applications are anticipated to drive the market growth in the coming years. Advantages such as easy configurability, flexibility, law latency operations, efficient hardware acceleration, and low costs are expected to further drive the adoption of FPGAs in the telecommunications sector in this region in the future.
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North America FPGA Security MarketSegmentation
North America FPGA Security Market – by Configuration
North America FPGA Security Market – by Technology
North America FPGA Security Market – by End User
North America FPGA Security Market – by Country
North America FPGA Security Market – Companies Mentioned
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