The global IoT security market size was valued at $8,472.19 million in 2018 and is expected to reach $73,918.82 million by 2026, with an annual average growth of 31% from 2021 to 2027. IoT security market trends include an increase in the number of ransomwares Attacks on various IoT devices. The growth of the market is accelerating as IoT security regulations increase in developing countries and malware and phishing threats increase from enterprise to enterprise. However, budget constraints and expensive IoT security solutions between organizations hinder the growth of the market. In addition, the demand for IoT security solutions is increasing rapidly, and the adoption of IoT security solutions in various developing countries is expected to present major opportunities for market expansion in the future.
A full report of Iot Security Market available at https://www.orionmarketreports.com/iot-security-market/11890/
Iot Security Market: Segmentation
By Component
• Solution
• Service
By Deployment Mode
• On-Premise
• Cloud
By Organization Size
• Large Enterprises
• Small & Medium Enterprises
By Product Type
• Device Authentication & Management
• Identity Access & Management
• Intrusion Detection System & Intrusion Prevention System
• Data Encryption & Tokenization
• Others
By Security Type
• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Others
By Industry Vertical
• Manufacturing
• Retail & E-Commerce
• Government & Defense
• Transportation & Logistics
• Energy & Utilities
• Healthcare
• Others
Key Market Players
• IBM Corporation
• Intel Corporation
• Infineon Technologies AG
• Cisco Systems Inc.
• Broadcom
• Gemalto NV
• Fortinet Inc.
• SecuriThings
• Palo Alto Networks Inc.
• Trend Micro Incorporated
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
