The internet of things (IoT) security market is expected to witness market growth at a rate of 11.20% in the forecast period of 2021 to 2028 and is expected to reach USD 3,654.70 million by 2028. . Internet of Things (IoT) Security Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Internet of Things (IoT) Security Market Segmentation Analysis
Global Internet of Things (IoT) Security Market, By Component (Solutions, Services), Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others), Application Area (Smart Manufacturing, Smart Energy and Utilities, Connected Logistics, Smart Home and Consumer Electronics, Connected Healthcare, Smart Government and Defense, Consumer Wearables, Connected Vehicles, Smart Transportation, Smart Retail, Others), Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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Which are the top companies operating in the Internet of Things (IoT) Security Market?
The “Global Internet of Things (IoT) Security Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Internet of Things (IoT) Security Market extension. This Internet of Things (IoT) Security Market report provides the information of the Top 10 Companies in Internet of Things (IoT) Security Market in the market their business strategy, financial situation etc.
**Segments**
- By Component:
- Solutions
- Services
- By Security Type:
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Others
- By Deployment:
- Cloud
- On-Premises
- By Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
- By End-Use Industry:
- Healthcare
- Retail
- BFSI
- Manufacturing
- Government
- Others
**Market Players**
- IBM Corporation
- Intel Corporation
- Symantec Corporation
- Check Point Software Technologies Ltd.
- Trend Micro Incorporated
- Infineon Technologies AG
- Gemalto NV
- AT&T Inc.
- Cisco Systems, Inc.
- Fortinet, Inc.
In 2021, the Global Internet of Things (IoT) Security Market witnessed significant growth driven by the increasing adoption of IoT devices across various industries. The escalating number of cyber-attacks on IoT devices raised concerns about data security, thus driving the demand for IoT security solutions and services. The market was segmented by component into solutions and services, by security type into network security, endpoint security, application security, cloud security, and others. Deployment-wise, cloud-based solutions gained traction due to their scalability and cost-efficiency. Among different organizations, large enterprises led the market due to their higher investments in cybersecurity. End-use industries such as healthcare, retail, BFSI, manufacturing, and government sectors were key adopters of IoT security solutions to protect sensitive data.
Looking ahead to 2029, the Global IoT Security Market is expected to witness even more robust growth. As the number of IoT devices continues to proliferate, the need for enhanced security measures will become paramount. The market players are likely to focus on developing advanced security technologies to combat evolving cyber threats. The segments of network security, endpoint security, and application security are projected to experienceThe Global Internet of Things (IoT) Security Market is set for continued growth and innovation in the coming years. The market players such as IBM Corporation, Intel Corporation, Symantec Corporation, Check Point Software Technologies Ltd., and others are expected to play a significant role in shaping the market landscape with their cutting-edge solutions and services. These companies will likely invest heavily in research and development to stay ahead of cyber threats and meet the growing demands of organizations worldwide. With the increasing number of IoT devices being integrated into various industries, the need for robust security measures will only intensify.
One of the key drivers of the IoT security market is the rising incidents of cyber-attacks targeting IoT devices. These attacks not only compromise sensitive data but also pose significant threats to the overall operational integrity of organizations. As a result, the demand for comprehensive security solutions encompassing network security, endpoint security, application security, and cloud security is on the rise. IoT security is no longer a peripheral concern but a critical aspect of overall cybersecurity strategies for businesses across sectors.
The deployment of cloud-based IoT security solutions is expected to witness substantial growth as organizations increasingly embrace cloud technologies for their flexibility, scalability, and cost-effectiveness. Cloud security offers a centralized approach to managing security infrastructure, ensuring real-time monitoring and response to potential threats. Large enterprises, with their sizable investments in cybersecurity, are likely to continue dominating the market, while small and medium-sized enterprises (SMEs) will also ramp up their security measures to safeguard their IoT ecosystems.
In terms of end-use industries, healthcare, retail, BFSI, manufacturing, and government sectors are anticipated to drive significant adoption of IoT security solutions. These industries handle vast amounts of sensitive data, making them prime targets for cyber-attacks. By investing in advanced security technologies and services, organizations in these sectors can mitigate risks and ensure the integrity and confidentiality of their data.
Looking ahead, the Global IoT Security Market is poised for exponential growth as the IoT ecosystem expands and evolves. Market players will**Market Players**
The major players covered in the Internet of Things (IoT) Security market report are Cisco Systems, Inc., IBM, Intel Corporation, Infineon Technologies AG, Symantec Corporation, Gemalto NV, Allot, Fortinet, Inc., Zingbox, Mocana, SecuriThings, CENTRI Technology, Armis, Inc., ForgeRock, NewSky Security, McAfee, LLC, AT&T Intellectual Property, Check Point Software Technologies Ltd., Trustwave Holdings, Inc, Verizon, PTC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The global Internet of Things (IoT) Security market is poised for exponential growth in the coming years as the proliferation of IoT devices continues unabated. With the increasing number of connected devices across industries, the demand for robust security solutions to safeguard sensitive data and operations will soar. Market players like IBM Corporation, Intel Corporation, Symantec Corporation, and others are expected to leverage advanced technologies to address evolving cyber threats and meet the security needs of organizations worldwide. The market segments such as network security, endpoint security, and application security will continue to witness substantial growth as organizations prioritize comprehensive security measures in their IoT ecosystems. Additionally, cloud-based IoT security solutions are set to experience significant adoption due to their
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Overview of the Internet of Things (IoT) Security Market Research Report
The Internet of Things (IoT) Security Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.
Objectives of the Report
Conduct a comprehensive investigation to forecast the value and volume of the Internet of Things (IoT) Security Market.
Analyze and project market shares for major segments within the Internet of Things (IoT) Security Market.
Depict the evolving landscape of the Internet of Things (IoT) Security Market across global regions.
Examine and assess micro markets, their contributions, and growth potential within the Internet of Things (IoT) Security Market.
Provide accurate insights into the factors driving the growth of the Internet of Things (IoT) Security Market.
Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.
Market Overview
The study concentrates on the present state of the Internet of Things (IoT) Security Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.
Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...
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