{"product_id":"iot-security-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"IoT Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eIoT Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global IoT security market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.4 Billion by 2028, exhibiting a growth rate (CAGR) of 30.29% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eThe Internet of Things (IoT) security is a technological solution used for safeguarding networks and connected mechanical or digital devices. The security solutions aim to eradicate vulnerabilities and equip devices to identify, resist and recover from cyber-attacks. These security solutions offer identity access management, data encryption and tokenization, intrusion prevention system and security analytics through antimalware, antivirus and firewalls. Owing to this, these solutions find extensive application across several industries, including energy and utilities, manufacturing, automotive, transportation, etc.\u003c\/p\u003e\n\n\u003cp\u003eThe rising threat of cyber terrorism, along with the rapid adoption of IoT technologies across industries, is one of the key factors driving the growth of the market. The construction of smart cities and increasing automation in various industry verticals are creating an imminent need for enhanced and effective security solutions to safeguard highly sensitive personal and organizational data from malware injection. This, in confluence with the emergence of several new trends, such as Bring Your Own Device (BYOD), especially in the corporate organizational setups, is significantly favoring the market growth. Organizations are thus increasingly encouraging the deployment of IoT security solutions to manage communications and digital identities of their employees across on-premises, cloud and hybrid environments. Other factors, including advancements in 4G and 5G technologies and proliferation of social media platforms resulting in the rising number of identity and data thefts, are projected to drive the market further.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each sub-segment of the global IoT security market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, security type and vertical.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Component:\u003c\/p\u003e\n\n\u003cp\u003eSolutions\u003cbr\u003e\nServices\u003c\/p\u003e\n\n\u003cp\u003eBased on the component, IoT security solutions currently account for the highest market share.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Security Type:\u003c\/p\u003e\n\n\u003cp\u003eNetwork Security\u003cbr\u003e\nEndpoint Security\u003cbr\u003e\nApplication Security\u003cbr\u003e\nCloud Security\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBased on the security type, cloud security segment currently accounts for majority of the market share.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Vertical:\u003c\/p\u003e\n\n\u003cp\u003eEnergy and Utilities\u003cbr\u003e\nManufacturing\u003cbr\u003e\nAutomotive\u003cbr\u003e\nTransport\u003cbr\u003e\nConsumer Electronics\u003cbr\u003e\nHealthcare\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBased on the vertical, energy and utilities segment currently account for the highest market share.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific\u003c\/p\u003e\n\n \u003cp\u003eChina\u003cbr\u003e\n Japan\u003cbr\u003e\n India\u003cbr\u003e\n South Korea\u003cbr\u003e\n Australia\u003cbr\u003e\n Indonesia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eEurope\u003c\/p\u003e\n\n \u003cp\u003eGermany\u003cbr\u003e\n France\u003cbr\u003e\n United Kingdom\u003cbr\u003e\n Italy\u003cbr\u003e\n Spain\u003cbr\u003e\n Russia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003c\/p\u003e\n\n \u003cp\u003eUnited States\u003cbr\u003e\n Canada\u003c\/p\u003e\n\n\u003cp\u003eMiddle East and Africa\u003c\/p\u003e\n\n \u003cp\u003eTurkey\u003cbr\u003e\n Saudi Arabia\u003cbr\u003e\n Iran\u003cbr\u003e\n United Arab Emirates\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eLatin America\u003c\/p\u003e\n\n \u003cp\u003eBrazil\u003cbr\u003e\n Mexico\u003cbr\u003e\n Argentina\u003cbr\u003e\n Colombia\u003cbr\u003e\n Chile\u003cbr\u003e\n Peru\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eBased on the geography, North America currently represents the biggest market for IoT security.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe report has also analyzed the competitive landscape of the market with some of the key players being Allot Ltd., Armis Inc., CENTRI Technology, Cisco Systems, Inc. ForgeRock Inc., Fortinet, Inc., Gemalto NV, International Business Machines (IBM) Corporation, Infineon Technologies AG, Intel Corporation, Mocana Corporation, Newsky Internet Limited, SecuriThings, NortonLifeLock Inc. (Symantec Corporation), and ZingBox Inc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report\u003c\/p\u003e\n\n\u003cp\u003e1. What was the size of the global IoT security market in 2022?\u003c\/p\u003e\n\n\u003cp\u003e2. What is the expected growth rate of the global IoT security market during 2023-2028?\u003c\/p\u003e\n\n\u003cp\u003e3. What has been the impact of COVID-19 on the global IoT security market?\u003c\/p\u003e\n\n\u003cp\u003e4. What are the key factors driving the global IoT security market?\u003c\/p\u003e\n\n\u003cp\u003e5. What is the breakup of the global IoT security market based on the component?\u003c\/p\u003e\n\n\u003cp\u003e6. What is the breakup of the global IoT security market based on the security type?\u003c\/p\u003e\n\n\u003cp\u003e7. What is the breakup of the global IoT security market based on the vertical?\u003c\/p\u003e\n\n\u003cp\u003e8. What are the key regions in the global IoT security market?\u003c\/p\u003e\n\n\u003cp\u003e9. Who are the key players\/companies in the global IoT security market?\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"May, 2023 \/ 146 Pages \/ MCW16279980","offer_id":47710960845106,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/iot-security-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}