DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Internet of Things (IoT) Security Market - Global Forecast to 2020" report to their offering.
The IoT security market is expected to grow from USD 6.89 Billion in 2015 to USD 28.90 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 33.2% from 2015 to 2020.
With the technological advancement and increasing application of networking, the concern for security has become a global phenomenon and its intensity is increasing every day. Prior to the emergence of IoT, the adverse effect of threats was limited to theft of money and intellectual properties. Now, the effect can lead to loss of human life, hacking of critical infrastructures like electricity and nuclear power grids, organizational productivity, and even national intelligence.
Most of the economies are struggling with daily reported threats. Some of the major threats included an attack on the U.S. based retailing giant Target, where the credit card information of the customers were stolen and led to a loss of USD 162 million. Also, due to mandatory government regulations throughout Europe and North America regarding the security standards of data protection, investment towards IoT security in the region has been augmented.
This has acted as a major driving force for the IoT security market. Additionally, the growth of social media and diverse reach of IoT has also contributed towards the growth of market. However, the lack of awareness regarding security and complexity of security infrastructure are holding the growth of the IoT security market. Nevertheless, cloud-based security solutions, which require very nominal capital expenditure is expected to gain major traction in the near future due to its cost effectiveness.
Report Structure:
1 Introduction
2 Research Methodology
3 IoT Security Market: Executive Summary
4 Premium Insights
5 IoT Security Market Overview
6 IoT Security Market: Industry Trends
7 Internet of Things Security Market Analysis, By Type
8 IoTMarket Analysis, By Application
9 IoT Security Market Analysis, By Solution
10 IoT Market Analysis, By Service
11 IoT Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
Companies Profiled:
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- Freescale Semiconductor Ltd.
- IBM Corporation
- Infineon Technologies Ag
- Inside Secure SA
- Intel Corporation
- Symantec Corporation
- Trend Micro, Inc.
-
Wurldtech Security Technologies, Inc.
For more information visit http://www.researchandmarkets.com/research/swqz86/internet_of
