Global IoT Security Market Outlook to 2025- Lead By Symantec, ARM Holdings, NXP Semiconductor, INSIDE Secure, Gemalto NV, Trend Micro, Cisco, IBM, Infineon Technologies and Intel
Global IoT security market is expected to grow from US$ US$ 8.4 Bn in 2017 to US$ 30.9 Bn by 2025 at a CAGR of 17.6% between 2017 and 2025.
Some of the important players in IoT Security market are Cisco Systems, Inc., IBM Corporation, Infineon Technologies, Intel Corporation, Symantec Corporation, ARM Holdings, NXP Semiconductor, INSIDE Secure, Gemalto NV, Trend Micro, Inc.
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Network security market comprise largest market share among all five security types and is expected to continue its dominance throughout the forecast period. The demand for network security solutions is highly influenced by rising demand for security solutions for the cloud technology. Also, intensive use of virtualization has raised the vulnerability of networks to certain threats such as, malware or defective processes that are reducing the efficiency of the hypervisor.
Key trend which will predominantly effect the IoT security market in coming year is growing appearance of Blockchain in IoT security market. Blockchain technology is capable of being used in tracking billions of connected devices, enable the processing of transactions and coordination between devices, allow for significant savings to IoT industry manufacturers. This decentralized approach is anticipated to eliminate single points of failure, creating a more resilient ecosystem for devices to run on. The cryptographic algorithms used by blockchain, is expected to make consumer data more private. The blockchain in IoT can be applied to connected vehicles, smart appliances and supply chain sensors.
Table of Contents:
2 Key Takeaways
3 IoT Security Market Landscape
4 IoT Security Market - Key Industry Dynamics
5 IoT Security Market Analysis- Global
6 IoT Security Market Revenue and Forecasts to 2025 –Solutions
7 IoT Security Market Revenue and Forecasts to 2025 – Service
8 IoT Security Market Revenue and Forecasts to 2025 - Deployment Type
9 IoT Security Market Revenue and Forecasts to 2025 - Industry Vertical
10 IoT Security Market Revenue and Forecasts to 2025 - Geographical Analysis
11 Industry Landscape
12 Competitive Landscape
13 IoT Security Market, Key Company Profiles
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