IoT Security Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

IoT Security Market Outlook - 2027
The global Internet of Things (IoT) Security market size is projected to reach US$ 7722.1 million by 2028, from US$ 2087.8 million in 2021, at a CAGR of 20.3% during 2022-2028.

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Key drivers of the IoT security market include the growing complexity of smart manufacturing systems. As IoT sensors and devices transition into every industry vertical, the need for efficient security solutions is a must. Retailers are heavily dependent on IoT platforms for enhancing customer experience. This makes it all the more feasible for the deployment of security networks. This will augment the growth of the IoT security market.

The IoT security market trends will be positively impacted by its use in the healthcare industry as concerns relating to the privacy of online storage of patient data will keep increasing. The energy sector is rife with significant cyber threats and illegal intrusion by hackers. This will drive the growth prospects of the market in the coming years. As smart building systems arise the need for robust security solutions in IoT connection is imminent. This will drive the expansion of the market in the forthcoming years. The transportation industry will spur the growth of the IoT security market in the upcoming years.

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IoT Security Market Segment By Type
• Network Security
• Endpoint Security
• Cloud Security
• Application Security

IoT Security Market Segment By Application
• Manufacturing
• Retail
• Healthcare
• Energy Management
• Building and Home Automation
• Transportation
• Others

By Region
• North America
• Europe
• Japan
• China
• Southeast Asia
• India

By Company
• Cisco Systems
• IBM
• Infineon Technologies
• Intel
• Symantec
• ARM
• NXP Semiconductor
• INSIDE Secure
• Gemalto
• Trend Micro

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1. https://reports.valuates.com/market-reports/QYRE-Othe-3D175/global-iot
2. https://reports.valuates.com/market-reports/QYRE-Othe-1D215/global-iot-platforms
3. https://reports.valuates.com/market-reports/QYRE-Auto-26M10077/global-industrial-iot-iiot

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