DUBLIN--(BUSINESS WIRE)--The "Internet of Things (IoT) Security Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.
Wide-scale implementation of Internet of Things (IoT) concept has the ability to transform the way we live. The emergence of new IoT products such as home automation components, internet-enabled appliances and energy management devices are changing the entire scenario of IoT industry.
However, lack of security is still one of the most important concerns for people and enterprises that look to adopt IoT. Recent ransomware and Distributed Denial of Service (DDoS) attacks have made this concern even more viable. Cost barrier and infrastructure investment for hackers are quite low and they use inexpensive, mass-scale techniques such as automated bots, email and off-the-shelf exploit kits among others. However, the magnitude of damage of these techniques is quite high. The infection of just one device or network element can result in a successful network attack. Therefore, IoT security will be an important area of concern for any organization in the coming years in order to comfortably roll-out their IoT-based solutions.
IoT has witnessed mass scale adoption across various application areas in recent years. In the manufacturing sector, its adoption is believed to significantly reduce bottlenecks, improve efficiency and increase profitability. Restaurant and retail chains could implement IoT to monitor customer movements, improve supply chain management and enhance the overall customer experience. In the healthcare sector, IoT could be implemented to more effectively manage staff, monitor patients and expensive medical equipment. The large scale adoption of IoT technologies across various verticals has made it vulnerable to cyber-attacks, thus arising the need for appropriate IoT security measures.
The major factor driving the IoT security market growth is the rapid adoption of cloud-based services as well as connected devices on a very large scale. Confidential data such as biometrics information is often stored on clouds, making them vulnerable to theft and misuse. Thus, in order to protect these data from unauthorized access, IoT security is finding increased adoption in the IoT space.
Moreover, improved IoT security handling skills and organizational changes are further expected to bolster the adoption of IoT security during the forecast period. With improving technical expertise for infrastructure handling, IoT security will find an increased adoption in organizations. In addition, various countries such as Japan, China, Germany and the U.S. among others have embraced the Industrie 4.0 (fourth industrial revolution). The Industrie 4.0 is sponsored by the German government with a vision for advanced manufacturing sector. It encompasses many business designs and technologies, including the IoT and digital business. This factor is expected to positively impact the IoT security market growth.
Companies Mentioned
- Verizon Enterprises Solutions
- PTC Inc.
- Check Point Security Software Technologies Ltd.
- Symantec Corporation
- Cisco Systems Inc.
- Gemalto NV
- IBM Corporation
- Trend Micro Inc.
- Hewlett Packard Development Company L.P.
- Intel Corporation
- NSIDE Secure SA
- AT&T Inc.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Internet of Things (IoT) Security Market Revenue and Growth, 2019 - 2029, (US$ Bn) (Y-o-Y %)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Internet of Things (IoT) Security Market Analysis, by Security Type
4.1 Market Analysis
4.2 Device
4.3 Cloud Infrastructure
4.4 Network
Chapter 5 Global Internet of Things (IoT) Security Market Analysis, by Solution Type
5.1 Market Analysis
5.2 Intrusion Prevention System (IPS)/ Intrusion Defense Systems (IDS)
5.3 Identity Access Management (IAM)
5.4 Data Loss Protection (DLP)
5.5 Security & Vulnerability Management (SVM)
5.6 Unified Threat Management (UTM)
5.7 Network Security Forensics (NSF)
5.8 Security Analytics
5.9 Others
Chapter 6 Global Internet of Things (IoT) Security Market Analysis, by Vertical
6.1 Market Analysis
6.2 Manufacturing
6.3 Healthcare
6.4 Utilities
6.5 Retail
6.6 Banking, Financial Services and Insurance (BFSI)
6.7 Government
6.8 Others
Chapter 7 North America Internet of Things (IoT) Security Market Analysis
Chapter 8 Europe Internet of Things (IoT) Security Market Analysis
Chapter 9 Asia Pacific Internet of Things (IoT) Security Market Analysis
Chapter 10 Rest of the World (RoW) Internet of Things (IoT) Security Market Analysis
Chapter 11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ww4b38
