Internet of Things (IoT) Security Market to 2022 – Growing Steady at 34.4% CAGR and Projected to Reach US$ 29.02 Billion

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The IoT Security Market size is expected to grow from US$ 6.62 Billion in 2017 to US$ 29.02 Billion by 2022, at a CAGR of 34.4% from 2017 to 2022.The growing instances of ransom are attacks on IoT networks, mandates the critical need for reliable IoT security solutions. IoT security is gaining importance due to increasing IoT deployments and thereby growing vulnerability of the network and devices to various cyber-attacks such as ransom are attacks. Today IoT has managed to be an integral part of day to day life and hence security aspect associated with it is important.

Top Key Players in the “Internet of Things (IoT) Security Market” include are
• PTC Inc. (US)
• Symantec Corporation (US)
• Verizon Enterprise Solutions (US)
• Trust wave (US)
• Check Point Security Software Technologies Ltd. (US)
• Cisco Systems Inc. (US)
• IBM Corporation (US)
• Infineon Technologies (Germany)
• Gemal to NV (Netherlands)
• AT&T Inc. (US)
• Trend Micro Inc. (Japan)
• Digi Cert (US)

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The North American region have witnessed the significant adoption of IoT security services mainly in US and Canada. Enterprises have shown significant interest in deploying IoT technologies in their processes, which helps drive the growth of IoT security market in the region. In 2015, US government invested USD 160 million in smart city initiatives to leverage on big data and analytics to reduce traffic congestion, fight crime, spur economic growth, manage climate change and improve delivery of local services.

The APAC region is expected to showcase significant growth and is expected to be the fastest-growing region in IoT security market. Countries in the region are coming up with favorable norms for implementing IoT in various fields. Japan has managed to maintain leading position in the region in robotics and IoT technologies in production. Growing requirements for quick computing, virtualized environment, analytics, cyber security and complex networking are among other factor driving market for IoT security in the region.

Study Objectives:

• To forecast the market size of segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America

• To define, describe, and forecast the IoT security solutions, types, services, and application areas with respect to the individual growth trends and contributions towards the overall market

• To analyze the opportunities in the market and the details of the competitive landscape for stakeholders and market leaders

• To profile key players and comprehensively analyze their core competencies

• To analyze competitive developments, such as mergers and acquisitions, partnerships, contracts, and new product developments in the IoT security market

Access Complete report on Internet of Things (IoT) Security Market spread across 161 Pages, profiling 12 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=409771 .

The Target Audience of the Internet of Things (IoT) Security Market report is given below:
• Third-party system integrators
• IoT security solution vendors
• IoT security professionals and consultants
• IoT Security agencies
• Machine-to-Machine (M2M), IoT, and telecommunication companies
• Consultancy firms/advisory firms
• Third Party system integrators
• Investors and venture capitalists
• Regulatory agencies

List of Tables
1 IoT Security Market Size, By Component, 2015–2022 (USD Million)
2 Market Size, By Type, 2015–2022 (USD Million)
3 Type: IoT Security Market Size, By Region, 2015–2022 (USD Million)
4 Network Security: Market Size, By Region, 2015–2022 (USD Million)
5 Endpoint Security: IoT Security Market Size, By Region, 2015–2022 (USD Million)
6 Application Security: IoT Security Market Size, By Region, 2015–2022 (USD Million)
7 Cloud Security: Market Size, By Region, 2015–2022 (USD Million)
8 Others: Market Size, By Region, 2015–2022 (USD Million)
9 IoT Security Market Size, By Solution, 2015–2022 (USD Million)
10 Solutions: Market Size, By Region, 2015–2022 (USD Million)
…..and more

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