Market Size – USD 13.56 Billion in 2020, Market Growth – at a CAGR of 26.5%, Market Trends – Rising government emphasis on developing smart cities in developing countries.
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 latest analysis by Emergen Research. Increasing number of malware and ransomware attacks and development and deployment of more efficient solutions is expected to drive growth of the global IoT security market growth to a significant extent during the forecast period. Increasing regulations for IoT security is expected to further propel the global IoT security market growth over the forecast period.
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Key Highlights of Report
Emergen Research has segmented the global IoT security market on the basis of type, component, end-use, and region.
Regional Bifurcation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Factors influencing market remuneration:
Table of Content
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020-2028 Chapter 3. Key Insights Chapter 4. IoT Security Market Segmentation & Impact Analysis 4.1. IoT Security Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increasing number of malware and ransomware attacks 4.2.2.2. Growing safety issues on critical infrastructure 4.2.2.3. Rising data vulnerability in IoT networks 4.2.2.4. Increasing regulations for IoT security. 4.2.3. Market restraints analysis 4.2.3.1. The high cost of IoT security solutions 4.2.3.2. Lack of awareness about IoT security solutions among end-users 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. IoT Security Market By Type Insights & Trends Revenue (USD Billion) 5.1. Type Dynamics & Market Share, 2020 & 2028 5.1.1. Cloud Security 5.1.2. Network Security 5.1.3. Application Security 5.1.4. Endpoint Security 5.1.5. Others
CONTINUED…!!
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