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Industry Landscape
The cybersecurity hardware hacking industry is rapidly expanding due to the proliferation of IoT and embedded devices. There's a growing demand for skilled professionals who can identify and mitigate vulnerabilities in hardware. Open-source initiatives and DIY communities are significant drivers, fostering innovation and knowledge sharing, though standardization and clear regulations remain challenges.
Total Assets Under Management (AUM)
Cybersecurity Market Size in United States
~Approximately 200 Billion USD
(13.8% CAGR)
- Driven by increasing cyber threats
- Cloud security and IoT security are key growth areas
- Growing regulatory compliance needs
Total Addressable Market
300 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Hardware-Based Root of Trust (HRoT)
HRoT establishes an unchangeable hardware-based foundation for secure boot and cryptographic operations, significantly enhancing device integrity against low-level attacks.
Automated Hardware Vulnerability Scanning
The development of tools leveraging AI and machine learning to automate the identification of hardware vulnerabilities will accelerate security assessments and reduce manual effort.
Quantum-Resistant Cryptography
The adoption of cryptographic algorithms designed to withstand attacks from future quantum computers will be crucial for long-term hardware security, especially in IoT.
Impactful Policy Frameworks
NIST Cybersecurity Framework 2.0 (2024)
NIST CSF 2.0 expands the original framework to address all organizations, not just critical infrastructure, and includes a new 'Govern' function emphasizing cybersecurity governance and supply chain risk management.
This framework will drive greater adoption of structured cybersecurity practices, increasing demand for hardware security assessment and secure design principles in the supply chain.
Internet of Things Cybersecurity Improvement Act of 2020 (Effective 2023)
This U.S. law mandates the National Institute of Standards and Technology (NIST) to develop and publish standards and guidelines for the cybersecurity of IoT devices owned or controlled by the Federal Government.
While directly targeting federal procurement, this act sets a precedent for baseline IoT security, influencing broader industry standards and increasing the need for secure hardware development and evaluation.
Executive Order on Improving the Nation’s Cybersecurity (EO 14028) (2021)
This U.S. Executive Order emphasizes software supply chain security, establishes a Software Bill of Materials (SBOM) requirement for federal purchases, and promotes information sharing.
Although primarily focused on software, the emphasis on supply chain security and transparency (SBOMs) will inevitably push hardware manufacturers to provide similar transparency for their components, impacting hardware security assessments.
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