IoT Security Market – Opportunities & Forecast, 2020-2027

 

The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the IoT Security Market:

Growing demand for IoT enabled devices, increasing cyber-attacks, and adoption of cloud technologies by organizations are some factors surging the growth of the IoT security market. For example, the rising trends of Bring Your Own Device (BYOD), that increases concerns related to data security due to individuals are using various devices in their workplace, which has resulted in growing threat related to data loss. This factor has encouraged the organizations to move towards Internet of Things (IoT) security-enabled devices. On the other hand, lack of awareness about advantages, the availability of security methods, and the high costs of installation are some factors hampering the growth of the IoT security market. Additionally, a lack of skilled people is also hindering the growth of the IoT security market.

This report splits the IoT Security Market as follows:

By Security Type:

·         Network Security

·         Cloud Security

·         Endpoint Security

·         Application Security

·         Others

By Solutions:

·         Security Analytics

·         Data Encryption

·         Identity Access Management (IAM)

·         Unified Threat Management

·         Intrusion Detection Systems

·         Others

By Services:

·         Professional

·         Managed

By End-User:

·         Healthcare

·         Retail

·         Financial and Insurance Services

·         IT & Telecom

·         Government and Defence

·         Other

By Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The IoT security market report also scans the competitive landscape and profiles the major players operating in the market including Macafee LLC, PTC, Inc, Juniper Networks Inc., Symantec Corporation, AT&T, Inc., Verizon Enterprise Solutions, Cisco Systems, Inc, Trustwave, Infineon Technologies, Check Point Security Software Technologies Ltd., IBM Cooperation, Gemalto NV, among others.

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