IoT Security Market to Witness Huge Growth by Key Players: IBM, Cisco, Infineon, Intel, Symantec, Gemalto, Allot, Fortinet, Zingbox, Mocana, SecuriThings and Others.

The report titled “IoT Security Market” sheds a concentrated focus on the IoT Security industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

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The Global Internet of Things (IoT) Security Market size is expected to grow from USD 12.5 Billion in 2020 to USD 36.6 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period.

Top Companies Profiled in the IoT Security Market:
• International Business Machines Corporation (IBM)
• Cisco Systems Inc. (Cisco)
• Infineon Technologies AG (Infineon)
• Intel Corporation (Intel)
• Symantec Corporation (Symantec)
• Gemalto NV (Gemalto)
• Allot (Allot)
• Fortinet Inc. (Fortinet)
• Zingbox(Zingbox)
• Mocana(Mocana)
• SecuriThings (SecuriThings)
• CENTRI Technology (CENTRI)
• Armis Inc.(Armis)
• ForgeRock (ForgeRock)
• NewSky Security (NewSky)

“The cloud security segment to grow at the highest CAGR during the forecast period”
Cloud security addresses both physical and virtual security across the service models of software, platforms, and infrastructures. Various cloud application security solutions include risk assessment, application governance, identity access management, encryption, malware detection and protection, and Security Information and Event Management (SIEM).

“Identity and access management segment to hold the largest share of IoT security solutions during the forecast period”
Identity and access management refers to a business process framework. This framework consists of policies and technologies, which help organizations control the appropriate accesses of all employees to technology resources. The identity access management solution plays a vital role in managing enterprises’ electronic or digital identities.

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Breakdown of primary participants’ profile:
• By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
• By designation: C-Level Executives: 35%,Director Level: 25%, and Others: 40%
• By region: North America: 45%, Europe: 20%, APAC: 30%, and RoW: 5%

Competitive Landscape of IoT Security Market:
1 Overview
2 Competitive Leadership Mapping (Overall Market)
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.3 Innovators
2.4 Emerging Companies
3 Ranking Of Key Players
4 Competitive Leadership Mapping Overview (Startup)
4.1 Progressive
4.2 Responsive
4.3 Dynamic Companies
4.4 Starting Blocks

Reason to access this report:
The report would provide the market leaders/new entrants in the IoT security market with information about the closest approximations of the revenue numbers for the overall IoT security market and its sub segments. The report would also help stakeholders understand their competitors better and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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This release was published on openPR.