Global IoT Security Market research Research Report: Information by Type (Network Security, Endpoint Security, Solution Security, and Cloud Security), Solution (Identity Access Management, Device Authentication and Management), Technology (Facial Recognition, Iris Recognition, and Fingerprint Identification), Vertical (Retail, Manufacturing, Healthcare, Transportation, Energy & Utilities, IT and Telecommunication, BFSI and Others - Forecast till 2025
Market Synopsis
The global IoT Security Market research is expected to register 32.6% CAGR during the forecast period to reach USD 42.92 billion by 2025. IoT security is needed to secure the Internet of Things devices (IoT devices) and the networks, to which these are connected. In any organization, IoT devices include industrial machines, smart energy grids, building automation, and personal IoT devices which employees use for work. It is estimated that approximately 75 billion connected devices will be present globally in 2025. With such huge number of IoT devices such as wearables, pacemakers, thermometers and smart plugs in the enterprises and the home, criminal minds can leverage them in cyber attacks. The vulnerabilities make these IoT devices more susceptible to cyber attacks as these devices can connect, which can form an IoT botnet.
The increasing number of cyberattacks on IoT systems is the major reason for boosting the growth of the market. According to Symantec, more than 90% of the 2018 IoT attacks exploited the Telnet protocol, up from 50% in 2017 as the IoT devices are older types of equipment which do not get replaced or updated rapidly. The major growth driver of IoT Security Market research is the high adoption of cloud-based technology by organizations and government agencies. BFSI, healthcare, and manufacturing are increasingly shifting their traditional data storage methods towards cloud-based data storage thereby required high-security services. Another factor such as increasing digital data transmission via smartphones, evolving network services namely 3G, 4G has increased growth of digital technology thereby has increased vulnerability for data loss or cyber-attacks in telecommunication and high demand for IoT security services by healthcare sector is also driving growth in the market during forecast period 2019-2025. However, lack of awareness about various available security methods and complex security infrastructure has projected to be some of the growth constraints for IoT Security Market research.
Cyber solution companies are providing various security solutions to secure the use of IoT devices. Gemalto, a leading digital security provider offers secure element (SE) technology for automotive and utility sectors. This secure element technology protects advanced digital technology & life-cycle management by providing encryption and access control limitation over sensitive data. Another major market player, Microsoft Corporation, is also working to include BitLocker encryption & secure boot technology into its Window 10 IoT software.
Segmentation
Global IoT Security Market research has been segmented based on Type, Technology, Solution, Vertical, and Region/Country.
Based on type, the global IoT Security Market research has been divided into network security, endpoint security, solution security, and cloud security.
Based on technology, the global IoT Security Market research has been divided into facial recognition, iris recognition, and fingerprint identification.
Based on solution, the global IoT Security Market research has been divided into identity access management, device authentication and management, secure communication, security analytics, trusted identification, data encryption and tokenization, and others.
Based on vertical, the global IoT Security Market research has been divided into retail, manufacturing, healthcare, transportation, energy & utilities, IT and telecommunication, BFSI and others.
The global IoT Security Market research has been analyzed for five regions—North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/iot-security-market-2256
Key Players
• PTC (US)
• Symantec Corporation (US)
• Infineon Technologies (Germany)
• Trustwave Holdings (US)
• Check Point Security Software Technologies Ltd. (US)
• IBM Corporation (US)
• Cisco Systems Inc. (US)
• Gemalto NV (Netherlands)
• AT&T Inc. (US)
• DigiCert (US)
• Intel Corporation (US)
• General Electric (US)
• Verizon (US)
Regional Analysis
The global IoT Security Market research is estimated to grow at a CAGR of 32.6% during the forecast period from 2019 to 2025. The geographic analysis of the global IoT Security Market research has been conducted for North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
North America accounted for the highest market share, owing to the enterprises deploying the IoT security solutions and services for securing the IoT devices and sensors. For analysis, the North American market has been segmented into the US, Canada, and Mexico. The US leads the market in North America as it is one of the most technologically advanced countries and also has implemented IoT on a large scale.
Asia-Pacific is anticipated to be the fastest-growing market during the review period due to the tremendous growth in the IoT data and the growing demand for advanced analytics. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global IoT Security Market research, By Type
1.1.2. Global IoT Security Market research, By Solution
1.1.3. Global IoT Security Market research, By Technology
1.1.4. Global IoT Security Market research, By Vertical
1.1.5. Global IoT Security Market research, By Region
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.3. Market Structure
3. RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
Continued…
List Of Tables
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL IOT SECURITY MARKET RESEARCH, BY TYPE, 2018–2025 (USD MILLION)
TABLE 3 GLOBAL IOT SECURITY MARKET RESEARCH, BY SOLUTION, 2018–2025 (USD MILLION)
Continued…
LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS
FIGURE 2 RESEARCH PROCESS OF MRFR
FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACH
Continued…
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]