IoT Security Market Size Research Report 2021 by Basic Information: Growth Drivers

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Market Size – USD 13.56 Billion in 2020, Market Growth – at a CAGR of 26.5%, Market Trends – Rising government emphasis on developing smart cities in developing countries

Global IoT Security Market Forecast to 2028

The market for IoT Security is thoroughly examined in the Global IoT Security Market Research Report and Forecast to 2028, which also includes market size and share, current and future trends, and the most recent technological developments. The research provides a complete forecast through 2028 as well as insight into the regional and global competitive landscape of the IoT Security market. The new study offers up-to-date details on the COVID-19 pandemic's effects on the market for IoT Security. It examines how the outbreak changed the political climate and judicial system in each location. Along with providing a present and future, it also examines the economic instability and supply chain disruptions brought on by the disease.

The global IoT security market is expected to reach a market size of USD 88.09 billion by 2028 and register a high revenue CAGR, according to the latest analysis by Emergen Research. The increasing number of malware and ransomware attacks and the development and deployment of more efficient solutions are expected to drive the growth of the global IoT security market to a significant extent during the forecast period. Increasing regulations for IoT security are expected to further propel the global IoT security market's growth over the forecast period. Rising emphasis among governments in developing countries on the development of smart cities is also expected to boost growth of the global IoT security market during the forecast period.

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Siemens AG, Infineon Technologies AG, Broadcom Inc., Fortinet Inc., Palo Alto Networks, Inc., Mocana Corporation, and Karamba Security Ltd

Market Dynamics:

The report offers insightful information about the market dynamics of the IoT Security market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the IoT Security market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the IoT Security market.

Radical Highlights of the IoT Security Market Report:

  • Comprehensive overview of the IoT Security market along with analysis of the changing dynamics of the market
  • Growth Assessment of various market segments throughout the forecast period
  • Regional and global analysis of the market players, including their market share and global position
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Impact of the technological developments and RD advancements on the IoT Security market
  • Information about profit-making strategies and developmental strategies of major companies and manufacturers
  • Insightful information for the new entrants willing to enter the market
  • Details and insights about business expansion strategies, product launches, and other collaborations
  • The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

Browse Full Report Description + Research Methodology + Table of Content + Infographics , visit @ https://www.emergenresearch.com/industry-report/iot-security-market

Key Highlights of Report

  • Increasing trend of companies adopting Bring Your Own Device trend and IoT security threat to organizations’ networks is a factor driving revenue growth of the network security segment currently, which is expected to register a significantly high CAGR of 26.7% over the forecast period.
  • In terms of revenue share, the solution segment is expected to lead during the forecast period due to increasing need for security solutions across various industries.
  • In terms of revenue share, the consumer electronics segment is expected to lead among other end-user segments during the forecast period due to increasing adoption of IoT based consumer electronics globally.
  • Increasing adoption of IoT security solutions across various industries, including retail, healthcare, and logistics, and robust presence of international companies including Cisco Systems, Inc., Intel Corporation, and Broadcom Inc. in countries in North America are key factors expected to drive growth of the market in the region.

IoT Security Market Segmentation:

Market Overview:

The report bifurcates the IoT Security market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2021–2028)
    • Cloud Security
    • Network Security
    • Application Security
    • Endpoint Security
    • Others
  • Component Outlook (Revenue, USD Billion; 2021–2028)
    • Services
      1. Managed Services
      2. Professional Services
    • Solutions
      1. Encryption
      2. Unified Threat Management
      3. Analytics
      4. Identity Access Management
      5. Data Loss Protection
      6. Others
  • End-use Outlook (Revenue, USD Billion; 2021–2028)
    • Retail
    • Manufacturing
    • Defense
    • Government
    • Consumer Electronics
    • Energy Utilities
    • Logistics Transportation
    • Others

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the IoT Security Market report is an exhaustive database that will help readers formulate lucrative strategies. The IoT Security Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global IoT Security market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for IoT Security with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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