IoT security is the area connected with safeguarding connected devices networks in the IoT. IoT security has led to re-engineer the authentication and authorization for the new and improved IoT connected world. It also requires a degree of user-intervention in terms of configuration and provisioning. It has its wide application in smart manufacturing, smart energy and utilities, connected logistics, consumer wearables, connected healthcare, smart government and defense, connected vehicles, smart retail, and others. Increasing need for data-centric security acts as the major driver in the growth of internet of things (IoT). On the other hand endless variety of IoT applications may hinder the market.
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The global internet of things (IoT) security market accounted for USD 6.62 billion in 2016 growing at a CAGR of 35.52% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors:
Some of the major players of the global internet of things (IoT) security market are
- Geographic Revenue Mix ,
- Cisco Systems, Inc ,
- IBM Corporation ,
- Infineon Technologies ,
Intel Corporation, Symantec Corporation , Arm Holdings PLC , Check Point Software Technologies Ltd , Trend Micro, Inc , PTC,Inc , Gemalto NV , Sophos Group PLC , Inside Secure , Wurldtech Security Technologies Inc, and others.
Company Share Analysis:
The report for global internet of things (IoT) security market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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TABLE OF CONTENTS
- MARKET OVERVIEW
1.1. Market Definitions
1.2. Research Methodology
1.3. Market Segmentation
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
3.4. Premium Market Trends
- INDUSTRY ANALYSIS
4.1. Value Chain Analysis
4.2. Technology Roadmap
4.3. Market Attractiveness Analysis
Major market drivers & restraints:
- Increasing need for data-centric security
- Increase in risk-based adaptive security for IoT ecosystem
- Increasing ransomware attacks on IoT systems
- Securing ubiquitous environment
- Physical restraint of IoT devices
- Endless variety of IoT applications
On the basis of type:
- network security,
- endpoint security,
- application security,
- cloud security,
On the basis of solution:
- identity access management,
- data encryption and tokenization,
- intrusion detection system/intrusion prevention system,
- device authentication and management,
- secure software and firmware update,
- secure communications,
- PKI lifecycle management,
- distributed denial of service protection,
- security analytics.
On the basis of service:
- professional services,
- managed services,
On the basis of application:
- smart manufacturing,
- smart energy and utilities,
- connected logistics,
- consumer wearables,
- connected healthcare,
- smart government and defense,
- connected vehicles,
- smart retail,
- and others.
On the basis of geography:
- North America,
- South America,
- Middle East & Africa.
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