Internet Of Things (Iot) Security Market Will Multiply At Impressive CAGR Of 41.3% & Top Key Players Are PTC, Cisco Systems Inc., IBM Corporation, Infineon Technologies, Gemalto NV, AT&T Inc., Symantec Corporation

The global Internet of Things (IoT) security market is segmented into security type such as cloud security, network security, application security, endpoint security and others. In this segment, network security segment is projected to grow at remarkable pace over the forecast period. Growing concern regarding monitoring and safety features is expected to drive the demand for network security segment over the forecast period.

Global Internet of Things (IoT) security market is expected to flourish at a significant CAGR of 41.3 % over the forecast period. Moreover, the global Internet of Things (IoT) security market is expected to expand on the basis of advancement in technology coupled with many high end features in the field of IoT. Factor such as increase in number of network protocols is expected to boost the growth of global Internet of Things (IoT) security market in upcoming years.

Geographically, North America dominated the overall Internet of Things (IoT) security market and is expected to continue its dominance over the forecast period. Rise in adoption of IoT in various smart devices such as smartphones, PC’s & tablets and rising cybercrime is expected to accelerate the growth of global Internet of Things (IoT) security market in North America. Europe Internet of Things (IoT) security market is anticipated to witness robust growth during the forecast period. Further, growing adoption of cloud based services by small and medium scale enterprises is believed to positively impact the growth of the Internet of Things (IoT) security market in Europe.

Rising Network Protocols

Rising number of network protocols such as IEEE 802.15.4, and IEEE 802.11ah is anticipated to drive the growth of global Internet of Things (IoT) security market over the forecast period. Factors such as growing demand for cloud technology in developed regions such as U.S. is anticipated to flourish the growth of global Internet of Things (IoT) security market over the forecast period. Additionally, increasing adoption of wireless networks such as 2G, 3G, and 4G (Long-Term Evolution (LTE)) is augmenting the expansion of global Internet of Things (IoT) security market across all regions.

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Wide Scale Applications

Wide scale application of Internet of Things (IoT) security such as smart manufacturing, smart government and defense, smart energy and utilities, consumer wearable’s, connected healthcare, connected vehicles, connected logistics, smart retail and others is spearheading current and future growth prospects. Further, integration of firewalls and data loss prevention with IoT security solution is expected to encourage the adoption of global Internet of Things (IoT) security market in near future.

However, lack of awareness about the availability and benefits of IoT security solutions are likely to dampen the growth of global Internet of Things (IoT) security market during the forecast period.

The report titled “Global Internet of Things (IoT) security Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Internet of Things (IoT) security market in terms of market segmentation by offering, by security type, by application and by region.

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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global Internet of Things (IoT) security market which includes company profiling of PTC, Cisco Systems Inc., IBM Corporation, Infineon Technologies, Gemalto NV, AT&T Inc., Verizon Enterprise Solutions, Check Point Software Technologies Ltd., Symantec Corporation and Trend Micro. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Internet of Things (IoT) security market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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