Growing Need for Advanced Security Devices to Boost Growth of the Internet of Things (IoT) Security Market
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The report offers wide-ranging insights into trends, opportunities, restraints, and drivers that are influencing the growth of the Internet of Things (IoT) security market. Furthermore, competitive landscape comprises the descriptive information on vendor landscape and details of some key players operating in the Internet of Things (IoT) security market. The report is available on the website ResearchMoz.us.
Growing demand for enhanced privacy is boosting the adoption of Internet of Things (IoT) security devices, which is a key factor propelling the growth of the Internet of Things (IoT) security market. In addition, the government is increasingly taking initiatives for implementing stringent regulations for restricting access of data collected by the BFSI, healthcare, and retail is boosting its adoption and stimulating the growth of the Internet of Things (IoT) security market.
Internet of Things (IoT) security devices ensures the safety of connected devices and increase transparency among users while data collection. Growing deployment of the connected device is a key factor witnessing the growth of the Internet of Things (IoT) security market. Additionally, growing penetration of 3G and 4G long-term evolution (LTE) coupled with growing demand for the wireless networks is at the high risk of cyber-attacks. In order to ensure safety from these attacks, the organizations are increasingly adopting the Internet of Things (IoT) security devices. This growing demand is leading to propel the growth of the North American Internet of Things (IoT) security market.
However, concerns over the data security are hampering the growth of the Internet of Things (IoT) security market.
The Internet of Things (IoT) security market is segmented on the basis of the solution, type, application industry, end user, and country. By component, the market is segmented into hardware-based security and software-based security. By Solution, the market is segmented into device layer security, network layer security, and application and cloud layer security. The application and cloud layer security is further segmented in to threat detection, management solutions, and security platforms. By end-user application, the market is segmented into an introduction, industrial, commercial, and consumer. By country, the market is segmented into US, Canada, and Mexico.
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Some of the players operating in the North American Internet of Things (IoT) security market are BAE Systems Inc., Infineon Technologies, Cisco Systems Inc., Centri Technology, Hewlett Packard Enterprise Development LP., Thales e-Security Inc., and Symantec, Corp.
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