Global Internet of Things (IoT) Security Market Overview :
Global Internet of Things (IoT) Security market is estimated to reach $26.9 Billion by 2025; growing at a CAGR of 25.8% 2025. Internet of Things (IoT) is a system of interconnected physical objects which are accessible through the internet. It is providing new business values and benefits across the world. Most importantly, it produces and exchanges data and offers new insights for better work and life. IoT help companies to reduce expense through enhanced productivity, efficiency, and asset utilization. Moreover, with its improved connectivity, organizations can take advantage of real-time analytics for better decision making.
Global Internet of Things (IoT) Security Market: Growth Factors
Rising use of the internet, connected devices, cyber-attacks, and growing urge of keeping connected devices secure are the major factors driving the growth of the market. Moreover, organizations have started to give importance to IoT security and also have increased expenditure on the security of IoT is likely to provide lucrative market growth. However, lack of awareness regarding IoT security and untrained workforce might hinder the growth of the market.
Global Internet of Things (IoT) Security Market: Segmentation
The global Internet of Things (IoT) Security market is mainly classified on the basis of type and solutions, services, and end users. On the basis of type, the market is categorized as endpoint security, network security, application security, cloud security, and others. Based on the solution, the market is divided into distributed denial of service protection, identity access management, security analytics, intrusion detection system, and others. On the basis of services, it is classified as consulting, training, and maintenance. Based on end users, it is divided into information technology (IT), financial services, and insurance (BFSI), healthcare, banking, automotive, telecom, and others.
Global Internet of Things (IoT) Security Market: Regional Analysis
Based on geography, the global Internet of Things (IoT) Security market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa
Global Internet of Things (IoT) Security Market: Competitive Players
Key players operating in the market include Symantec Corporation, PTC Inc., Cisco Systems, Inc., IBM Corporation, Gemalto NV, Verizon Enterprises Solutions, Trustwave, Check Point Security Software Technologies Ltd., Infineon Technologies and AT&T Inc.
Internet of Things (IoT) Security Market Key Segments:
- Endpoint Security
- Network Security
- Application Security
- Cloud Security
- Distributed Denial of Service Protection
- Identity Access Management
- Security Analytics
- Intrusion Detection System/Intrusion Prevention System
By End Users
- Information Technology (IT)
- Financial Services, And Insurance (BFSI)
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South KoreaRest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Symantec Corporation
- PTC Inc.
- Cisco Systems, Inc.
- IBM Corporation
- Gemalto NV
- Verizon Enterprises Solutions
- Check Point Security Software Technologies Ltd.
- Infineon Technologies
- AT&T Inc.
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market