Global Internet of Things (IoT) Security Market Overview:
Internet of things (IOT) security is the technology concerned with protection connected devices as well as networks in the internet of things (IOT). IOT platform is a multi-layer technology that allows straightforward provisioning, managing and automation of linked devices within the Internet of Things universe. There are various type of IOT security such as network security, endpoint security, application security, cloud Security and others. Growing incidences of cyber-attacks as well as rising dependency on connected devices will help to boost global IOT security market. Some of the key players profiled in the study are PTC Inc. (United States), Symantec Corporation (United States), Cisco Systems, Inc. (United States), IBM Corporation (United States), Verizon Enterprises Solutions (United States), Trustwave (United States), Check Point Security Software Technologies Ltd. (Israel) and Infineon Technologies (Germany). According to Market Analyst at AMA, the Global Internet of Things (IoT) Security market may see a growth rate of 33.6%
On the basis of geography, the market of Internet of Things (IoT) Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by , the sub-segment i.e. will boost the Internet of Things (IoT) Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Incidences of Cyber Attacks
- Rising Dependency on Connected Devices
- Up Surging Demand of IOT Solutions in Organizations
- High Adoption of Smart Devices
- Growing Trend Of Bring Your Own Device (BYOD)
- Lack of Awareness about IOT Solution Benefits
- Less Number of Expertise
- Growing IOT Security Expenditure in Developing Countries
Major Market Developments:
On 29th November 2018 PTC Inc. a global leader of IOT security has acquired Frustum software Development Company for artificial intelligence generative design tech. the deal was established for 70 million dollar in all cash transactions.
On 14th August 2018, PTC Inc. a global leader of IOT security has unveiled a Coordinated Vulnerability Disclosure (CVD) Program. This program is designed to support the reporting and remediation of security vulnerabilities that could potentially affect the environments in which PTC products operate.
IOT Security Provider, Software Developers, Industry Associations and Experts, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Internet of Things (IoT) Security market on the basis of product [Network Security, Endpoint Security, Application Security, Cloud Security and Others] , application [Healthcare & Life Science, Infrastructure & Cities, Industrial system & Sensors, Smart home & Consumer, Transport & Urban Mobility and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Internet of Things (IoT) Security market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Internet of Things (IoT) Security industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Gemalto NV (Netherlands), AT&T Inc. (United States), McAfee, LLC. (United States), Digicert (United States) and GlobalSign (United Kingdom).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Internet of Things (IoT) Security market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.