Market Research Report
Internet of Things (IoT) Security: Technologies and Global Markets
|Published by||BCC Research||Product code||945139|
|Published||Content info||158 Pages
Delivery time: 1-2 business days
|Internet of Things (IoT) Security: Technologies and Global Markets|
|Published: June 24, 2020||Content info: 158 Pages||
The global Internet of Things (IoT) security market should reach $51.2 billion by 2025 from $16.2 billion in 2020 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2020 to 2025.
The North America region of the global IoT security market is expected to grow from $4.8 billion in 2020 to $14.3 billion in 2025 at a CAGR of 24.4% for the forecast period of 2020 to 2025.
The Asia-Pacific region of the global IoT security market is expected to grow from $3.7 billion in 2020 to $12.9 billion in 2025 at a CAGR of 28.3% for the forecast period of 2020 to 2025.
This report analyzes the market for commercialized IoT security solutions. It helps readers to understand how the IoT security solutions market will evolve and how trends will impact its adoption. The report focuses on security solutions that have been developed or customized to meet the unique needs of IoT systems. Services provided for integrating such solutions or managed security services are also included in the scope of this report.
This BCC Research study was conducted with a global perspective in terms of IoT security solution technology and its applications. Market projections have been conducted for five geographic regions: North America, South America, Europe, Middle East and Africa (MEA) and Asia-Pacific. All market reported revenues are in constant 2019 U.S. dollars.
The scope of this report encompasses various technologies used in IoT security solutions. The market is also divided based on the size of the enterprises adopting IoT security technologies. Additionally, the application industry for the market is segmented into automotive, healthcare, retail and ecommerce, smart homes, energy and utilities, manufacturing, government and others (including media and entertainment and BFSI sectors). The present global market offers an opportunity to the stakeholders, largely because of a surge in cloud-based services and the increased use of IoT devices, specifically in sectors like healthcare and manufacturing.
This report highlights different security types in the market for IoT security technologies, including device/endpoint security, network security, application security, cloud security and others (email security and web security). The market is also divided by its major components (platforms, solutions and services). The solution part is further split up into identity and access management (IAM), data encryption, intrusion detection system/intrusion prevention system, distributed denial of service (DDoS) protection, device authentication and management and others (firmware update, security analytics, PKI lifecycle management, etc.). The services segment is sub-divided into professional services and managed services. The estimated and forecast market revenue considered in this report are the summation of prices for software, hardware and subscription services.
This report also offers insights on drivers, restraints and opportunities for the market, gathered through primary and secondary research. Strategies adopted by the companies in the global market are provided in this report, to analyze ongoing trends in the market. This report provides market share analysis and key vendor profiles of top IoT security companies. The regional level study includes North America, Europe, Asia-Pacific, the Middle East and Africa and the South American region.
COVID-19 has had a massive impact on society since the beginning of 2020. This report considers the impact of COVID-19 and the economic slowdown created due to lockdown in various countries. When people are following social distancing and relying more on technology, it is observed that IoT security threats are increased, and there are more cyber-attacks. It is expected that the demand for IoT security solutions will increase in the wake of the COVID-19 pandemic and boost the market for IoT security technologies.