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IoT Security Market Industry Estimated to Rise Profitably With Cisco, IBM, Infineon Technologies, Intel Corporation, Symantec, Trend Micro, PTC, Gemalto, Sophos Group Inc, Inside Secure,

02-26-2019 09:33 AM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

IoT Security Market

IoT Security Market

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 2019 to 2026. The upcoming market report contains data for historic year the base year of calculation is 2018 and the forecast period is 2019 to 2025.

For the growth of business, IoT Security market research report has a lot to offer and hence it plays a very important role in growth. Myriad of factors have been studied in this report that have an influence on the market and industry. These factors can be listed as industry insight and critical success factors (CSFs), market segmentation, value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. The analysis covered in IoT Security report gives clear idea on various segments that are relied upon to view the quickest business development in the course of the estimate forecast frame.

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Some 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.

Company Share Analysis:

The 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.

IoT 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.

Government organizations of various countries have partnered with major technology companies for implementing IoT across urban cities. These organizations are also providing funds for the development of IoT applications to technology vendors. Due to increasing smart city projects, the adoption of sensor applications is rising significantly.

We expect that in the next ten years, IoT will further penetrate several different industries and human activities, ranging from the home to the transportation industry, even affecting healthcare systems. IoT has not only allowed for machine-to-machine and machine to object communications but is radically changing how we perform daily activities such as driving or shopping for daily goods, generating great value for enterprises in the form of increases in production and efficiency.

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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

Internet of things (IoT) in security market is segmented on the basis of service, application, solution, type, vertical and geography. The service segment in internet of things in security market report are professional service and managed service. The type segment included in internet of things in security market report are application security, cloud security, endpoint security, network security and others. The application of internet of things in security includes asset optimization, building and home automation, communication technology management, customer information security, energy and utilities management, manufacturing process management, patient information management, supply chain management, telematics, wearables and others.

Scope Of Report:-

The 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.

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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Data Bridge Market Research
Tel: +1-888-387-281
Email: sopan.gedam@databridgemarketresearch.com

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