IoT Security Market Growth, Challenges, Opportunities And Emerging Trends 2020-2028
The global IoT security market is expected to reach a market size of USD 88.09 Billion by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. Increasing number of malware and ransomware attacks and development and deployment of more efficient solutions is expected to drive growth of the global IoT security market growth to a significant extent during the forecast period. Increasing regulations for IoT security is expected to further propel the global IoT security market growth over the forecast period. Rising emphasis among governments of developing countries for development of smart cities is also expected to boost growth of the global IoT security market during the forecast period.
We provide detailed product mapping and investigation of various market scenarios. Our expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global IoT Security market. This helps us to comprehensively analyze the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
Key Highlights of Report
Increasing trend of companies adopting Bring Your Own Device trend and IoT security threat to organizations’ networks is a factor driving revenue growth of the network security segment currently, which is expected to register a significantly high CAGR of 26.7% over the forecast period.
In terms of revenue share, the solution segment is expected to lead during the forecast period due to increasing need for security solutions across various industries.
In terms of revenue share, the consumer electronics segment is expected to lead among other end-user segments during the forecast period due to increasing adoption of IoT based consumer electronics globally.
Increasing adoption of IoT security solutions across various industries, including retail, healthcare, and logistics, and robust presence of international companies including Cisco Systems, Inc., Intel Corporation, and Broadcom Inc. in countries in North America are key factors expected to drive growth of the market in the region.
Key players in the market include International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Siemens AG, Infineon Technologies AG, Broadcom Inc., Fortinet Inc., Palo Alto Networks, Inc., Mocana Corporation, and Karamba Security Ltd.
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Emergen Research has segmented the global IoT security market on the basis of type, component, end-use, and region.
Type Outlook (Revenue, USD Billion; 2021–2028)
Cloud Security
Network Security
Application Security
Endpoint Security
Others
Component Outlook (Revenue, USD Billion; 2021–2028)
Services
Managed Services
Professional Services
Solutions
Encryption
Unified Threat Management
Analytics
Identity & Access Management
Data Loss Protection
Others
End-use Outlook (Revenue, USD Billion; 2021–2028)
Retail
Manufacturing
Defense
Government
Consumer Electronics
Energy & Utilities
Logistics & Transportation
Others
Major Regions play vital role in Travel Bags Market are:
North America
Europe
China
Japan
Middle East & Africa
India
South America
Others
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Report Objectives
Examine the size of the global IoT Security market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global IoT Security market.
Explore the underlying dynamics of the global IoT Security market.
Highlight significant trends of the global IoT Security market based on factors including, production, revenue, and sales.
Extensively profile top players of the global IoT Security market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global IoT Security market.
Forecast the market size and share of all segments and regions in the global landscape.
The global IoT Security market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that’s better than others.
Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. IoT Security Market Segmentation & Impact Analysis
4.1. IoT Security Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for safety and security in transportation
4.2.2.2. Rising demand for operating efficiency
4.2.2.3. Growing demand for autonomous vehicles
4.2.2.4. Increasing demand for traffic management systems
4.2.3. Market restraints analysis
4.2.3.1. Cost-prohibitive Artificial Intelligence systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. IoT Security Market By Process Insights & Trends, Revenue (USD Million)
Chapter 6. IoT Security Market By Learning Technology Insights & Trends Revenue (USD Million)
Chapter 7. IoT Security Market By Application Insights & Trends Revenue (USD Million)
Chapter 8. IoT Security Market Regional Outlook
Continued…
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