IoT Cybersecurity Market Size, Outlook, Analysis Report, Regional Outlook With Forecast 2026

IoT Cybersecurity Market

In light of the higher internet penetration, the Internet of Things technology is witnessing significant development. As stated in ‘The Mobile Economy 2020’ published by GSM Association, the number of devices connected to the internet — i.e., the IoT connections — are anticipated to reach 25 billion in the year 2025 from 12 billion in 2019. In a few years, the broader implication of the IoT devices will ultimately tie machines to machines and link people to essential resources, thereby streamlining the operational workflow and benefitting people. However, massive dependence on connected devices has bolstered the risk of cyber threats.

As stated by the Cyber Security Report 2020 published by CheckPoint Software Technologies, 67% of the enterprises have faced a cybersecurity threat, and almost 34% of the cybercrimes are made by insiders. However, the utilization of cybersecurity tools and techniques will provide added security to the IoT applications, thereby, fostering the growth of the global IoT cybersecurity market.

The Major Players Covered in this Report:
ESCRYPT Embedded Systems (Germany), ArilouTechnologies(Germany), Cisco Systems, Inc. (The U.S.), HARMAN International (The U.S.), Argus Cyber Security Ltd.(Israel), BT(The U.K.), Trillium Technologies Pte Ltd.(Singapore), SecunetSecurity Networks AG(Germany), Karamba Security(The U.S.), Guardtime (Switzerland), Utimaco TS GmbH (Germany), NXP Semiconductors(the Netherlands), Intel Corporation(The U.S.), SBD Automotive &Ncc Group(England) 

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By Type- Network Security, Endpoint Security, Application Security, Cloud Security,

By Application- Smart Home and Wearables, Smart Energy, Smart Security, Manufacturing, Transportation and Logistics, Healthcare

Higher Adoption Rate of Smart Wearable

Wearable technology or smart wearables comprises microcontrollers or sensors fitted into the accessory worn close to the skin. The ability of the types of wearables such as smartwatches, fitness trackers, head-mounted displays, sports watches, smart jewelry, smart clothing, and implantable to detect the changes in the body and provide feedback to the wearer has increased their popularity. Additionally, as stated by a report named ‘Wearables 2019’ published by eMarketer, the United States wearable market was valued at USD 56.7 million in 2019 and is expected to reach USD 67 million by 2022.

Further, the latest innovations in wearable technology have been successful in sensing and analyzing various factors. Thus, the higher adoption rate of wearable devices due to the ability to recognize, interpret, process, and simulate changes in the human body has increased the amount of transfer of personal data over the internet. Nonetheless, it has increased the risks of the data breach and the number of cybercrimes, further urging the need to adopt effective cybersecurity for connected devices across the industry verticals.

Regional Analysis For IoT Cybersecurity Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the IoT Cybersecurity are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the IoT Cybersecurity in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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