IoT Security Market Trends, Growth, Share, Size, Region and Forecast By 2025

Global IoT Security Market Research Report and Forecast 2025

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Report Description and Highlights

Report Description

Global IoT Security Market Overview: As per the latest report by IMARC Group, titled “ IoT Security Market: Global Industry Trends, Share, size, Growth, Opportunity and Forecast 2020-2025,� the global IoT security market size reached US$ 10.2 Billion in 2019. Internet of things (IoT) assists in creating smart communication environment by connecting devices like industrial equipment and consumer objects to a network, gathering information and managing these devices using software to increase efficiency. Some of the key components of IoT are radio frequency identification (RFID), wireless sensor network (WSN), near field communication (NFC), cloud services, gateways, data storage and analytics, and visualization elements. At present, there is a rise in the demand for IoT security as it eradicates vulnerabilities and equips IoT devices with the means to detect, resist and recover from malicious attacks.

Global IoT Security Market Trends: Several high-profile data breach incidents have been reported recently wherein a common IoT device was employed as a tool to attack a larger network. Such incidences, in confluence with the rising threat of cyber terrorism and rapid adoption of IoT technologies, is strengthening the market growth. Besides this, increasing automation in various industry verticals, along with the construction of smart cities, is creating a requirement for enhanced and effective security solutions.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2012

2013

2014

2015

2016

2017

2018

2019

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2020

175.9

181.2

186.5

165.3

170.6

2021

2022

2023

2024

2025

This aids in safeguarding highly sensitive personal and organizational data from malware injection.

Moreover, the growing trend of Bring Your Owen Device (BYOD) in corporate organizational setups is anticipated to contribute to the market growth in the coming years. On account of these factors, the market value is projected to reach US$ 40.7 Billion by 2025, expanding at a CAGR of around 26% during the forecast period (2020-2025).

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Report Description and Highlights

Report Description IoT Security Market Segmentation

Market Segmentation by Component • •

Solutions Services

Based on the component, the market has been bifurcated into solutions and services, wherein IoT security solutions represent the biggest segment.

Market Segmentation by Vertical • • • • • • •

Energy and Utilities Manufacturing Automotive Transport Consumer Electronics Healthcare Others

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Report Description

The market has been analyzed on the basis of the vertical into energy and utilities, manufacturing, automotive, transport, consumer electronics, healthcare and others. Amongst these, energy and utilities account for the majority of the total market share.

For more information, click here: https://www.imarcgroup.com/iot-security-market Market Segmentation by Region • • • • •

Asia Pacific Europe North America Latin America Middle East and Africa

Region-wise, Asia Pacific enjoys the leading position in the market. It is further segregated into China, Japan, India, South Korea, Australia, Indonesia and others. Other major regions include Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); North America (the United States and Canada); Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru and others); and Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and others).

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Report Description

Market Segmentation by Security Type • • • • •

Network Security Endpoint Security Application Security Cloud Security Others

On the basis of the security type, the market has been segmented into network, endpoint, application, cloud and others. The network security segment exhibits a clear dominance in the market.

Competitive Landscape: The competitive landscape of the market has been examined in the report, providing the detailed profiles of the key players operative in the industry.

• •

Allot Armis

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Report Description • • • • • • • • • • • • •

CENTRI Cisco Forgerock Fortinet Gemalto IBM Infineon Intel Mocana Corporation Newsky Securithings Symantec Zingbox

A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

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Report Description

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