(2020-2030) IoT Security Market Size, Industry Growth Insights, Emerging Trends With Top Players Cisco, IBM, Intel, Infineon, Symantec Corporation

The Business Research Company offers "IoT Security Global Market Report 2020-30: Covid 19 Growth And Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global iot security market is expected to grow from $1.8 billion in 2019 to $2.4 billion in 2020 at a compound annual growth rate (CAGR) of 34.8%. The growth of this market is mainly due to its important role in securing infrastructures such as commercial and industrial market. COVID 19 has pushed the world to adopt virtualization for global workforce which is resulting into deployment and adoption of 5G services which will mainly drive the overall IoT security market. The market is then expected to recover and grow at a CAGR of 34.8% from 2021 and reach $5.9 billion in 2023.

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The Internet of Things (IoT) security market consists of sales of Internet of Things (IoT) security devices/ software and related services. The IOT security is a technological area that provides solutions for safeguarding smart devices, networks, other connected devices and centralized user hubs from unwanted manipulation. This industry includes establishments that provide security solutions to counter IoT security threats such as remote vehicle hijacking, privacy leaks, brute force attacks on passwords and others.

The emergence of smart city concept is the driving force for the rise in demand for IoT Security. As the population is growing, the need for sustainable development is of more importance. Smart cities are well equipped with handling high traffic, population control, and better security for people. The execution for such a task can be done by installing IoT Devices in the smart cities. This involves connecting devices to one another, exchange data in a secured manner, forming a pattern and then providing a final solution. The remotely connected CCTV and automated incident detection (the use of computers to continuously monitor traffic conditions and detect incidents or traffic queues) allow a quicker response to threats.

IoT Security Market Segmentation: -
By Type
Network Security
Endpoint Security
Application Security
Cloud Security
Others

By Application
Healthcare & Life Sciences
Infrastructure & Cities
Industrial System & Sensors
Smart Home & Consumer
Transport & Urban Mobility

By Component
Solution
Services

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Few Points From Table Of Content
1. Executive Summary
2. IoT Security Market Characteristics
3. IoT Security Market Size And Growth
4. IoT Security Market Segmentation
5. IoT Security Market Regional And Country Analysis
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25. IoT Security Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The IoT Security Market
27. IoT Security Market Trends And Strategies
28. IoT Security Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the IoT Security Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the IoT Security Market are Cisco, IBM, Intel, Infineon, Symantec Corporation, Check Point Security Software.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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