In 2018, the global Internet of Things (IoT) Security market size was 6630 million US$ and it is expected to reach 6630 million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.The rising demand for improved privacy is propelling the Internet of Things (IoT) Security Market. —
Securing the future of devices connected through the internet, also by strongly aligning necessary/next-generation security characteristics and growing precision and offering consumers with choice to remove the collected data are some of the important aspects propelling the Internet of Things (IoT) Security Market over the period. But, a lack of knowledge about the advantages and availability of IoT security solution is hindering the development of the market. The high installation cost is another obstruction in the development of the market.
At present, one of the most important trending technologies is IoT. With the increasing integration of IoT products in artificial intelligence, wireless networking, and machine learning, along with the enhancement of microcontroller and sensors, the security for consistent operations of the technology has become essential.
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Network security is anticipated to hold the biggest market share in the Internet of Things (IoT) Security Market. Network security aids to safeguard the complex IoT network that links IoT devices to back-end support systems on the internet.
Growing government attempts to execute stern regulations to restrict the volume of collected data by IoT devices by various industries like retails, BFSI, and healthcare is anticipated to fuel the growth of the Internet of Things (IoT) Security Market.
Key Players covered in this report are:
Cisco Systems, Intel Corporation, IBM Corporation, Symantec Corporation, Trend Micro , Digicert, Infineon Technologies, ARM Holdings, Gemalto NV, Kaspersky Lab, CheckPoint Software Technologies, Sophos Plc, Advantech, Verizon Enterprise Solutions , Trustwave, INSIDE Secure SA.
Report analysed by applications like Building and Home Automation, Supply Chain Management, Patient Information Management, Energy and Utilities Management, Customer Information Security, Other. Then report is analysed on the basis of Type Network Security, Endpoint Security, Application Security, Cloud Security, Others.
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United States has the largest global export quantity and manufacturers in Internet of Things (IoT) Security market, while the Europe is the second sales volume market for Internet of Things (IoT) Security in 2016.
In the industry, Cisco Systems profits most in 2016 and recent years, while Intel Corporation and IBM Corporation ranked 2 and 3.The market share of them is 9.30%, 5.86% and 4.96% in 2016.The gap of market share is keep on enlarged due to different strategy.
Although sales of Internet of Things (IoT) Security brought a lot of opportunities, for the new entrants with only advantage in capital but without sufficient support in technology and downstream channels, the research group did not recommend taking risk to enter this market.
With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states supply and demand Figures, cost, price, revenue and gross margins.
The Internet of Things (IoT) Security Market report provides key statistics on the market status of the Internet of Things (IoT) Security manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
Major Points Covered in Table of Contents:
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
6 North America
8 Asia Pacific
9 Central & South America
10 Middle East and Africa
11 Company Profiles
12 Market Opportunities, Challenges, Risks and Influences Factors Analysis
13 Value Chain and Sales Channels Analysis
14 Research Findings and Conclusion
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Release ID: 492568