Internet Of Things (IoT) Security Market

The global Internet of Things (IoT) Security Market is valued at USD 19.16 Billion in 2021 and is expected to reach USD 103.96 Billion by 2028 with a CAGR of 31.5% over the forecast period.

Rising security concerns among the customers globally are the major growth factor of the global Internet of Things (IoT) Security market.

IoT security is a security solution that helps to focus on protecting internet-enabled devices. (IoT) security encompassing the processes and technologies to protect the internet of things devices as well as the networks connected to each other on the wireless networks. Internet of things security is used in various applications like smart home, smart wearable devices, automotive digital technology, industrial internet, smart city, healthcare, etc. In healthcare, IoT can allow patients to spend more time interacting with their doctors so that it can boost patient engagement and satisfaction.

Global Internet of Things (IoT) Security Market report is segmented on the basis of type, solution, service, end-user, and regional & country level. Based on type, the global internet of things (IoT) security market is classified as network security, endpoint security, application security, cloud security, and others. Based on the solution, the market is classified as identity access management, intrusion detection system/intrusion prevention system, distributed denial of service protection, and security analytics. Based on services, the global internet of things (IoT) security market is classified as consulting, maintenance and training. Based on end-user, the market is classified as information technology (IT), telecom, banking, financial services, and insurance (BFSI), automotive, and others.

The regions covered in this Internet of Things (IoT) Security market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of Internet of Things (IoT) Security is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

IoT Security Companies

Global Internet of Things (IoT) Security Market report covers prominent players like,

• PTC Inc.
• Symantec Corporation
• Verizon Enterprises Solutions
• Trustwave
• Check Point Security Software Technologies Ltd.
• Cisco Systems, Inc.
• IBM Corporation
• Infineon Technologies
• Gemalto NV, AT&T Inc.
• others.

Internet of Things (IoT) Security Market Segmentation:–

By Type:

• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Others

By Solution:

• Identity Access Management
• Intrusion Detection System/Intrusion Prevention System
• Distributed Denial of Service Protection
• Security Analytics
• Others

By Service:

• Consulting
• Maintenance
• Training

By End-User:

• Healthcare
• Information Technology (IT)
• Telecom
• Banking
• Financial Services, And Insurance (BFSI)
• Automotive
• Others

Adoption of Cloud Technologies coupled with Rising Security Concerns is Expected to Drive the Global Internet of Things (IoT) Security Market.

With the rapid growth of industries and residential sectors, there is increasing use of computers, servers, and networks. Internet of things is increasingly used in different applications that are connected to the internet in most of smart devices. In smart devices, there is high risk and hacking issues, due to this the data security concern is increasing and accelerating the demand for internet of things (IoT) security.

Moreover, a number of organizations and enterprises have adopted effective security solutions like the Internet of Things (IoT) Security. Rapidly increasing digital business, increasing penetration of smartphones and mobile app development has led to fostering the demand for internet of things security. However, the security systems like cameras and doorbells can quickly create a major issue as well as internet of things IoT devices can get easily hacked which allows the attacker to access its functions may hamper the growth of this market. Moreover, increasing penetration of smart devices in emerging countries can provide the opportunity for further growth of the market.

North America is Expected to Dominate the Global Internet of Things (IoT) Security Market.

North America is expected to dominate the global internet of things (IOT) security market owing to the growing adoption of smart devices and increasing usage of internet-connected devices in this region. The government rules and regulations about data security are also boosting the market growth in North America.

Europe is the second-largest dominating region due to the huge growth of the automotive sector in Europe and this internet of vehicles facing some security challenges is largely required security solutions. While the European industry is aware about the importance of IoT is expected to increase the growth of the market in Europe. The Asia Pacific is the emerging region in the internet of things security market due to the increasing urbanization and penetration of smart devices in this region.

Key Benefits for Internet of Things Security Market Report–

• Global Internet of Things Security Market report covers in depth historical and forecast analysis.
• Global Internet of Things (IoT) Security Industry research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Internet of Things Security Market report helps to identify opportunities in market place.
• Global Internet of Things Security Market report covers extensive analysis of emerging trends and competitive landscape.

Regional & Country Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

The Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA