IoT Security Market to Reflect Impressive Growth Rate of $9.88 Billion By 2025 “The global IoT security market size is projected to account for USD 9.88 billion by 2025 and is expected to grow with 29.7% CAGR over the forecast period from 2018 to 2025. Stringent regulations by governments about data privacy which is collected by IoT devices from several sectors such as healthcare, BFSI, and retail are projected to drive the market growth during the forecast period.”
The Global IoT security Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the IoT security Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide. IoT security Market Research Methodology overview consists of primary and secondary research, company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e. Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling. Comprehensive analysis of IoT security Market based on current & future analysis depending on historic data also featured in this Report. The global IoT security market size is projected to account for USD 9.88 billion by 2025 and is expected to grow with 29.7% CAGR over the forecast period from 2018 to 2025. Stringent regulations by governments about data privacy which is collected by IoT devices from several sectors such as healthcare, BFSI, and retail are projected to drive the market growth during the forecast period. Factors such as securing data generated by connected devices by developing advanced security features are expected to drive market growth. In addition, offering choices to consumers for collecting required data and increasing privacy are other factors driving the need for IoT security. Growing usage of 3G & 4G long-term evolution, as well as wireless communication and technologies, is fuelling the risk of cyber-attacks. Transaction-related information and real-time information are transferred through these networks which are driving need for IoT security. Adoption of IoT is widely increasing in several areas such as smart home appliances, smart retail, health monitors and smart city projects which have increased the need for IoT security.
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