Global Internet of Things Security Market will Grow Impressively at a CAGR of Almost 55.01% by 2020

ALBANY, New York, Feb 08, 2017 : IoT is the communication between connected devices within a network. Data transmission takes place between smart devices, such as thermostats and sensors, which can be further connected to an individuals mobile devices. IoT works efficiently due to the interconnection between embedded hardware devices, communication services, software, and IT services. It helps in efficient remote monitoring and management of numerous interconnected devices. IoT also enables the creation of smart homes, smart shopping, smart transportation, and smart healthcare.

Technavios analysts forecast the global IoT security market to grow at a CAGR of 55.01% during the period 2016-2020.

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Covered :
The report covers the present scenario and the growth prospects of the global IoT security market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sales of network security solutions including hardware, software, and services (including managed services) provided by vendors.

Segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global IoT Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Cisco Systems
Infineon Technologies
Intel
GE (Wurldtech Security Technologies)
Symantec

Other prominent vendors
Axeda Machine Cloud
Broadcom
Digi International
Ericsson
Eurotech
Fortinet
Gemalto
IBM
Kore Wireless
NetComm Wireless
Nokia
Numerex
Palo Alto Networks

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Key driver
Need to comply with stringent regulations
For a full, detailed list, view our report

Key challenge
High total cost of ownership (TCO) of IoT security solutions
For a full, detailed list, view our report

Key trend
Emergence of integrated security solutions
For a full, detailed list, view our report

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This release was published on openPR.