IoT Security Market Report Includes Dynamics, Products, and Application 2017 - 2032

IoT Security Market expected to reach USD 1,27,768.8 million by 2030, at a CAGR of 23.7% during the forecast period, 2022-2030.

A technological approach for securing networks and connected mechanical or digital devices is the Internet of Things (IoT) security. By eliminating vulnerabilities, the security solutions enable gadgets to recognise, thwart, and recover from cyberattacks. Through antimalware, antivirus, and firewalls, these security solutions provide identity access management, data encryption and tokenization, intrusion prevention system, and security analytics. Because of this, these solutions are widely used in a variety of industries, including energy and utilities, manufacturing, automotive, and transportation.
IoT Security Market Dynamics
Drivers
Growing Need For Iot Security

Technologies like IoT are evolving very quickly because to the increase in internet usage around the world and improvements in internet speed. The Internet of Things (IoT) is being used in a variety of technological applications and problem resolution without human interaction as long as key IoT criteria, particularly progress in speed, are met. The Internet of Things is used for technical applications and to automate daily tasks in modern life. It is a practical choice because it is trustworthy and saves a lot of time. IoT devices can automate and handle routine chores like home lights, but because they are network-controlled, they are subject to security assaults because they are a blend of different technologies like communication technology, information technology, and electronic equipment.

Restraints

Significant Increase In New Variants Of Iot Threats And Lack Of Awareness
As IoT devices proliferate in daily life, so does the potential for new botnets to infect, attack, andwreak havoc. The needs for security vary along with the corporate environment. On the other side, people are ignorant of technology flaws and the potential for hacking. Organizations are oblivious to the hazards posed by internal threats, such as the ease with which employees might download possible malware, undetected viruses, and threat-related activities like spear-phishing and botnet. Security vendors are developing cutting-edge, custom products for a variety of customers, including individuals, SMEs, large corporations, and governmental institutions. The development of the IoT security market is being hampered by the lack of knowledge regarding security that is related to the relevant business portfolio.

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Opportunity
Development Of Smart Infrastructure
The idea of "smart cities" and "smart buildings" is to provide a range of cutting-edge infrastructure and services. A smart city is one that makes use of its ICT infrastructure to raise living standards and boost the effectiveness of daily activities and services. The following elements are included in "smart cities": "smart buildings," "smart utilities," "smart citizen services." As a result, IoT technologies including data connectivity, cloud computing, mobility, and sensors are crucial to the successful implementation of smart city programmes. Securing these devices has become increasingly challenging as IoT devices have proliferated throughout the smart city ecosystem.

Global IoT Security Market: Major Players
AT&T Inc.
CENTRI Technology Inc.
Trend Micro, Inc.
DigiCert, Inc.
Cisco Systems, Inc.
Bitdefender, LLC
Mocana Corporation
RSA Security LLC
Palo Alto Networks, Inc.
TrustWave Holdings, Inc.
Gemalto NV
Symantec Corporation
Fortinet, Inc.
International Business Machines Corporation
CyberX, Inc.
Karamba Security
Darktrace Ltd.
PTC Inc.
Infineon Technologies AG

Global IoT Security Market: Types
Network Security
Endpoint Security
Application Security
Cloud Security
Others

Global IoT Security Market: Applications
Identity Access Management
Threat Intelligence
Encryption
UTM
DLP
Others

Global IoT Security Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global IoT Security market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Frequently Asked Questions (FAQ) :
• What is the CAGR of the IoT Security market in the upcoming period?
• Which region is a major driver in the IoT Security market?
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