According to a new market research report launched by Inkwood Research, the Global IoT Security Market is evolving at a growth rate of 21.99% over the forecast period, and is expected to reach $39230 million by 2028.
Browse 61 market data Tables and 61 figures spread over 180Pages, along with in-depth analysis on Global IoT Security Market by Component, Deployment, Organization Size, Security Type, Application & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global IoT Security Market Scenario
Internet of Things (IoT) has evolved as a critical element of digitalization across various industries. The technology is witnessing expansion at a rapid pace from manufacturing to travel to shopping, and has secured a crucial involvement within the process. However, with its numerous developments and advantages, the popularity of IoT systems has also created vulnerability for security attacks. Therefore, IoT security is a primary concerning area to secure a huge quantum of data, which, if compromised, can lead to heavy losses.
The global IoT security market is progressing due to key drivers, such as a rise in awareness to secure IoT networks, a surge in demand for IoT applications, growth in the rate of cyber-attacks, and increasing popularity of automation in the manufacturing sector. Moreover, the rise in data theft & ransomware attacks, along with environmental benefits, such as safety to operate connected devices, are some of the other factors pushing the market’s growth. On the contrary, factors, such as, complexities of IoT, and inconsistency in the regulatory developments, are majorly impacting the overall growth of the global market for IoT security.
The Global IoT Security Market report provides data tables and includes charts and graphs for visual analysis.
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Market by Security Type
- Application Security
- Endpoint Security
- Network Security
- Cloud Security
- Other Security Types
Market by Deployment
- Cloud Deployment
- On-Premise Deployment
Market by Component
- Intrusion Detection & Prevention System
- Identity Access & Management
- Device Authentication & Management
- Data Encryption & Tokenization
- Other Solutions
- Other Services
Market by Organization Size
- Small and Medium Enterprises
- Large Enterprises
Market by Application
- Retail & E-Commerce
- Government & Defense
- Energy & Utilities
- Transportation & Logistics
- Other Applications
– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
– Market forecasts till 2028, using estimated market values as the base numbers
– Key market trends across the business segments, regions and countries
– Key developments and strategies observed in the market
– Market dynamics such as drivers, restraints, opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2028
- IBM CORPORATION
- TREND MICRO INC
- MICROSOFT CORPORATION
- INFINEON TECHNOLOGIES AG
- CISCO SYSTEMS INC
- PALO ALTO NETWORKS INC
- INTEL CORPORATION
- THALES DIGITAL IDENTITY & SECURITY
- FORTINET INC
GLOBAL IOT SENSORS MARKET – Global IoT sensors market is estimated to rise at a CAGR of 24.93% during the forecast period.