Internet of Things (IoT) Security Products Market Is Expected To Expand At A CAGR Of 16.5% during the Forecast Period 2015-2020
Growth of the global IoT security products market is driven mainly by the rise in the number of Internet enabled devices across the globe that directly or indirectly have a major impact on the market. Manufacturers of IoT devices are providing additional embedded security systems in order to make IoT devices secured from data and application security threats.
Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1264
Introduction of advanced software and hardware has resulted in making the IoT security products very convenient and easy to use. In case of organizations, these products help reduce the fear related to corporate data stealing and application security challenges. The global IoT security products market was valued at US$ 7.8 Bn in 2014 and is expected to increase at a CAGR of 16.5% during the forecast period (2015 -2020). Enhancement in end-user experience and data security are the basic factors propelling growth of this market currently.
The report classifies the market based on technology into hardware and software. In terms of the technology segments, the hardware sub-segment was valued at US$ 3.9 Bn in 2014 and is anticipated to register a CAGR of 15.9% during the forecast period. This growth is primarily attributed to the rise in various regulations imposed by the concerned regulatory authorities, which mandate the implementation of IoT security products.
Meanwhile, the software segment in the global IoT security products market was valued at US$ 3.9 Bn in 2014 and is anticipated to register a CAGR of 17.2% during the forecast period. The growth is driven mainly by the increasing demand for Internet-enabled devices across different verticals, as organizations are becoming increasingly aware about the risks posed by these devices when connected to the Internet, and thereby take all possible precautionary measures, such as device inspection and network monitoring, for securing and controlling data access and infringement. IoT device manufacturers are providing devices equipped with additional embedded security systems for securing them from data and application security threats.
This report also covers trends driving each segment and offers analysis and insights on the potential of the IoT security products market in some key regions, including North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan and the Middle East & Africa. Furthermore, the market is sub-segmented on the basis of the major countries across each region in order to provide a better regional analysis of the global IoT security products market.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1264
The global IoT security products market is highly fragmented with various players, including IoT security software and hardware providers. Currently, the IoT security software providers account for a major share of the market. Symantec Corporation, IBM Corporation, Intel Corporation, Cisco Systems, Inc., Infineon Technologies AG, Trend Micro, Inc., Check Point Software Technologies Ltd., and INSIDE SECURE are few of the major players in the ecosystem of the global IoT security products market.
About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
Future Market Insights
616 Corporate Way,
New York 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Internet of Things (IoT) Security Products Market Is Expected To Expand At A CAGR Of 16.5% during the Forecast Period 2015-2020 here
News-ID: 473550 • Views: 288
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these