North America Internet Of Things (IoT) Security Market to Observe Strong Development of 27.56% CAGR by 2023| Major Key Players – Symantec, IBM, Check Point, Intel, HP, FireEye, Infineon Technologies AG

Marketprognosis.com Publish a New Market Research Report On “North America Internet Of Things (IoT) Security Market - Segmented by Type of Security, Solution, and Region - Growth, Trends, and Forecasts (2018 - 2023)” which contains North America key player’s survey information and forecast to 2023.

Overview of the North America Internet Of Things (IoT) Security Market:

The North American IoT security market was valued at USD 136.56 Million in 2017, and it is expected to reach a value of USD 588.31 Million by 2023, at a CAGR of 27.56%, over the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by players, including providers of security for hardware, applications, and data storage.

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The increasing adoption of industrial IoT across major manufacturing facilities, coupled with the growing use of IoT in retail and the burgeoning connected car market, has driven the adoption of cloud-based systems and increased the number of end-point devices. However, these have led to greater vulnerabilities in the systems, leading to increasing cyberattacks and breaches. And thus, have been the primary factors in driving the adoption of IoT security solutions in the region.

With IoT drifting towards healthcare and data from devices flows from patients’ wrist to physicians’ charts, the Food and Drug Administration (FDA) is keeping up the pace with the fast-evolving technologies. From EHRs (Electronic Health Records) to population health management, security solutions are the core for organizations to collect, circulate and utilize data and information across their ecosystem. Electronic Protected Health Information (ePHI) is the top priority for IT departments, specifically because of the U.S. Department of Health and Human Services Security Rule. Patient authentication is essential in IoT paradigm because it ensures to generate correct information and shared with the correct patient. One-to-one link between patients and their medical records is created for patient identification. Providers with integration of devices will become part of the credential set for patients, which requires a secure enrolment process to bind devices to patient identities. Thus, the healthcare institutions are increasingly adopting the five key functions of securityu2014IAM, encryption, application security, and network security u2014 across many possible end point devices and channels involved within the firm architecture.

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North America has made significant progress in the adoption of IoT, particularly in the manufacturing and automotive sectors. However, the increasing number of data breaches has led to the demand for IoT security solutions. Cloud services are experiencing high adoption, due to the demand for IoT. This rise in the use of cloud systems, across various verticals, has increased the vulnerabilities of these systems to data breaches. According to Kaspersky, in 2017, the average cost of a data breach in North America is USD 1.3 million for large enterprises and USD 117,000 for small and medium-sized businesses (SMBs). These factors are expected to be instrumental in driving the growth of the North American IoT security market.

Major Key Players:

1 Symantec Corporation

2 IBM Corporation

3 Check Point Software Technologies

4 Intel Corporation

5 HP Enterprise Company

6 FireEye Inc.

7 Infineon Technologies AG

8 Trustwave Holdings and More……………………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Internet Of Things (IoT) Security Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Dynamics

5 Global North America IoT Security Segmentation

6 Competitive Intelligence - Key Vendor Profiles

7 Investment Analysis

8 Future of North America IoT Security Market

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