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 the growth of the global IoT security market during the forecast period.
The analysis provides accurate growth pattern estimates and looks at the factors influencing market growth in the global IoT Security market. The report's primary focus is on the key market constituents, including market drivers, restraints, opportunities, threats, risks, restrictions, and other factors. The research includes comprehensive studies of the company profiles, product portfolio, and corporate expansion strategies, in addition to a complete investigation of the competition landscape.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global IoT Security market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global IoT Security market and pinpoint the fundamental growth trends.
The leading market contenders listed in the report are:
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
Global IoT Security Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- RD Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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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.
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
- Managed Services
- Professional Services
- Solutions
- Encryption
- Unified Threat Management
- Analytics
- Identity Access Management
- Data Loss Protection
- Others
- End-use Outlook (Revenue, USD Billion; 2021–2028)
- Retail
- Manufacturing
- Defense
- Government
- Consumer Electronics
- Energy Utilities
- Logistics Transportation
- Others
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Key reasons to buy the Global IoT Security Market report:
- The latest report comprehensively studies the global IoT Security market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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