According to the IoT security market report, the global market is expected to witness growth at an impressive Compound Annual Growth Rate (CAGR) during the forecast period. As mentioned in the report, the Internet of Things (IoT) security market is expected to be driven by the rising demand from different application and end-user segments from around the world.

The IoT security market report identifies the major drivers and restraints for the market and offers the details about the growth trends and revenue forecasts for the global market.

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The growing demand for secure communication platforms and data security is some of the major growth drivers for this market. The high rate of adoption of social media and implementation of Internet of Things across diverse industrial verticals are also some of the strong driving factors for this market.

The rising global demand for enterprise mobility is also one of the significant drivers for the key players.

The IoT security market report segments the global market by the security types, solutions, services, applications, end-users, and geographic regions.

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The major types include application, cloud, network, and others.

The major solution segments include data loss management, threat security, service protection, device management, unified threat management, and encryption. The major service segments in the market include managed services and specialized services.

The application segments of the market include healthcare, BFSI, energy, manufacturing, telecom and IT, transportation, retail, and such others. The major geographic regions of the market include North America, Latin America, Asia-Pacific, Europe, and Middle East and Africa.

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The key players included in the IoT security market

1. Cisco Systems, Inc.

2. Infineon Technologies AG

3. Intel Corporation

4. PTC, Inc.

5. Symantec Corporation

6. IBM Corporation

7. ARM Holdings plc

8. Trend Micro, Inc.

9. Sophos Group plc

10. Gemalto NV

According to the report, the key market players are expected to witness impressive growth opportunities across the emerging markets.

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