The development can be outlined to a rising adoption of cloud based services for authentication process. Cloud is existence used for the storage of biometrics information. As most organizations today are approving cloud technology for storing their confidential data, there rises need for emerging security procedures to keep the cloud against unauthorized access. The high adoption of cloud based services by small and medium scale enterprises like pay per use model, is contribution flexibility and scalability to these enterprises and this has caused in a staggering rise in the adoption of cloud based services for the determination of data storage. This is anticipated to make a sensitive need for IoT security solutions and drive the market universal. The overview of combined security solutions is anticipated to fuel the development prospects of the global IoT security market. Growing usage of online platforms for shopping has controlled to the demand for solutions which offer customer data security among various retailers. Extra, retailers are opting for software that supports them keep track of products, their lifetime, inventory and much more. Lack of awareness about the benefits of IoT security solutions is measured as a major drawback for the market development. But digitalization in emerging economies of Asia Pacific region is expected to open new prospects for the market growth over the estimate duration.
Based on Application Area, the global IoT Security market is segmented in Connected Healthcare, Smart Government and Defense, Smart Transportation, Smart Retail, Smart Manufacturing, Smart Energy and Utilities, Connected Logistics, Smart Home and Consumer Electronics, and Others. The report also bifurcates the global IoT Security market based on Solution in Public Key Infrastructure Lifecycle Management, Distributed Denial of Service Protection, Security Analytics, Identity Access and Management, Data Encryption and Tokenization, Intrusion Detection System and Intrusion Prevention System, Device Authentication and Management, Secure Software and Firmware Update, Secure Communications, and Others.
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The global IoT Security market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The IoT Security market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Securithings, Centri, Armis, Forgerock, Newsky, Cisco, IBM, Intel, Infineon, Symantec, and others are among the major players in the global IoT Security market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The IoT Security Market has been segmented as below:
IoT Security Market, By Component
Services
Solutions
IoT Security Market, By Type
Cloud Security
Endpoint Security
Network Security
Others
IoT Security Market, By Service
Managed Services
Professional Services
IoT Security Market, By Application Area
Connected Healthcare
Smart Government and Defense
Smart Transportation
Smart Retail
Smart Manufacturing
Smart Energy and Utilities
Connected Logistics
Smart Home and Consumer Electronics
Others
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IoT Security Market, By Solution
Public Key Infrastructure Lifecycle Management
Distributed Denial of Service Protection
Security Analytics
Identity Access and Management
Data Encryption and Tokenization
Intrusion Detection System and Intrusion Prevention System
Device Authentication and Management
Secure Software and Firmware Update
Secure Communications
Others
IoT Security Market, By Region
North America
Europe
Asia-Pacific
Rest of the World
IoT Security Market, By Company
Securithings
Centri
Armis
Forgerock
Newsky
Cisco
IBM
Intel
Infineon
Symantec
Gemalto
Allot
Fortinet
Zingbox
Mocana
The report covers:
Global IoT Security market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global IoT Security market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global IoT Security market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
Report Scope:
The global IoT Security market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Security market share. Major industry players with significant revenue share include Securithings, Centri, Armis, Forgerock, Newsky, Cisco, IBM, Intel, Infineon, Symantec, and others.
Reasons to Buy this Report:
Gain detailed insights on the IoT Security industry trends
Find complete analysis on the market status
Identify the IoT Security market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making
Some of the recent developments in IoT Security Market are as follows:
Cisco
02-2020: Cisco is frontrunner in enterprise security, exposed a radical simplification in the way customers experience Cisco Security’s portfolio and addresses complexity one of the top pain points for CISOs. Cisco is now offering customers the broadest, most integrated cloud-native security platform in the industry, Cisco SecureX.
06-2020: Cisco has declared new intent-based networking solutions to support optimize business and network operations.
Intel
06-2020: Intel will contemporary a body of research and technical perspectives on the computing transformation driven by data that is increasingly distributed across the core, edge and endpoints.
07-2020: As one of the most successful acquisitions in Intel’s history, Mobileye is a development engine for INTC. Revenue has more than doubled since the acquisition and fully funds Mobileye’s development work on the autonomous future.
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