Global Internet of Things (IoT) Security Market, By Geography; Component (Services, Solutions); By Type (Network Security, Endpoint Security, Application Security, Cloud Security); Solution (Identity Access Management, Data Encryption and Tokenization, Intrusion Detection System/Intrusion Prevention System, Device Authentication and Management, Secure Software and Firmware Update, Secure Communications); Service (Professional Services, Managed Services); Application (Smart Manufacturing, Smart Energy and Utilities, Connected Logistics, Consumer Wearables, Connected Healthcare, Smart Government and Defense, Connected Vehicles, Smart Retail)- Industry Trends and Forecast to 2024
Market Analysis: Global Internet of Things (IoT) Security MarketThe global internet of things (IoT) security market accounted for USD 6.62 billion in 2016 growing at a CAGR of 35.52% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Internet of Things (IoT) Security MarketIoT security is the area connected with safeguarding connected devices networks in the IoT. IoT security has led to re-engineer the authentication and authorization for the new and improved IoT connected world. It also requires a degree of user-intervention in terms of configuration and provisioning. It has its wide application in smart manufacturing, smart energy and utilities, connected logistics, consumer wearables, connected healthcare, smart government and defense, connected vehicles, smart retail, and others. Increasing need for data-centric security acts as the major driver in the growth of internet of things (IoT). On the other hand endless variety of IoT applications may hinder the market. Major market drivers & restraints:
- Increasing need for data-centric security
- Increase in risk-based adaptive security for IoT ecosystem
- Increasing ransomware attacks on IoT systems
- Securing ubiquitous environment
- Physical restraint of IoT devices
- Endless variety of IoT applications
Market Segmentation: Global Internet of Things (IoT) Security MarketThe global internet of things (IoT) security market is segmented on the basis of component into Services, Solutions. On the basis of type, the global internet of things (IoT) security market is further segmented into network security, endpoint security, application security, cloud security. On the basis of solution, the global internet of things (IoT) security market is segmented into identity access management, data encryption and tokenization, intrusion detection system/intrusion prevention system, device authentication and management, secure software and firmware update, secure communications, PKI lifecycle management, distributed denial of service protection, security analytics. On the basis of service, the global internet of things (IoT) security market is segmented into professional services, and managed services. The professional services is further sub segmented into integration services, support and maintenance, and consulting services On the basis of application, the global internet of things (IoT) security market is segmented into smart manufacturing, smart energy and utilities, connected logistics, consumer wearables, connected healthcare, smart government and defense, connected vehicles, smart retail, and others. On the basis of geography, global internet of things (IoT) security market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Internet of Things (IoT) Security MarketThe report for global internet of things (IoT) security market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Internet of Things (IoT) Security MarketSome of the major players of the global internet of things (IoT) security market are Geographic Revenue Mix , Cisco Systems, Inc , BM Corporation , Infineon Technologies , Intel Corporation, Symantec Corporation , Arm Holdings PLC , Check Point Software Technologies Ltd , Trend Micro, Inc , PTC,Inc , Gemalto NV , Sophos Group PLC , Inside Secure , Wurldtech Security Technologies Inc, and others.
Research Methodology: Global Internet of Things (IoT) Security MarketData collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry. Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales In Terms Of Hardware, Software, And Services Availed, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.