Global Internet of Things (IoT) Security Product Market Overview:
Internet of Things (IoT) security product provides security to IoT devices from the threats such as botnets, denial of service, Identity and data theft, advanced persistent theft, ransomware, and others. The product solutions protect and secure the network connecting IoT devices to the other systems on the internet with end-point or device security, network security, identity, and access management, vulnerability management, and messaging security. IoT devices in industrial machines, building automation, smart energy grids, personal IoT devices are prone to outside threats.
- Rising Data Theft and Privacy Related Concern in the Internet of Things Device
- Need to Secure the IoT Devices in Commercial as it consists of Confidential Data
- Integration of Artificial Intelligence in the Internet of Things (IoT) Security Product
- High Price Involved Internet of Things (IoT) Security Product Solutions
- Growing Demand for the Internet of Things (IoT) Security Product from Developing Economies
- Lack of User Knowledge & Awareness about the Internet of Things (IoT) Security Product
Some of the key players profiled in the report are Palo Alto Networks, Inc. (United States), FirstPoint (United States), Trustwave Holdings (United States), IBM (United States), Cisco (United States), Armis, Inc. (United States), Sternum Ltd. (Israel), Thales Group (France), Symantec (United States), Cognizant (United States), Arm Limited (United Kingdom) and Akamai Technologies, Inc. (United States). Considering Market by , the sub-segment i.e. will boost the Internet of Things (IoT) Security Product market.
Latest Market Insights:
On 2nd February 2021, Cloud service provider Akamai announced it has agreed to acquire Montreal-based Inverse, an open-source consulting and integration company, for an undisclosed sum. Akamai said that the acquisition is aimed to enhance its enterprise security capabilities and expand its portfolio of zero trust and secure access service edge solutions for the Internet of Things (IoT).
On 9th November 2020, Cognizant has completed the acquisition of Bright Wolf, a privately-held technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions for Fortune 1000 companies. Bright Wolf is certified by all major cloud providers and acknowledged as an expert in IoT.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Internet of Things (IoT) Security Product market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Internet of Things (IoT) Security Product market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Internet of Things (IoT) Security Product Developers, Internet of Things (IoT) Security Product Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.