IoT Security Market - Growth, Trends, Covid-19 Impact, And Forecasts

Increasing incidence of malware and ransomware attacks and increasing regulations for IoT security are some key factors driving IoT security market growth.

The IoT Security Market report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

 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. Rising emphasis among governments of developing countries for development of smart cities is also expected to boost growth of the global IoT security market during the forecast period.

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Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

Key companies profiled in the report include:

 International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Siemens AG, Infineon Technologies AG, Broadcom Inc., Fortinet Inc., Palo Alto Networks, Inc., Mocana Corporation, and Karamba Security Ltd.

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The report further divides the IoT Security market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the IoT Security market.

IoT Security Market Segmentation

Emergen Research has segmented the global IoT security market on the basis of type, component, end-use, and region.

Type Outlook (Revenue, USD Billion; 2021–2028)

  • Cloud Security
  • Network Security
  • Application Security
  • Endpoint Security
  • Others

Component Outlook (Revenue, USD Billion; 2021–2028)

  • Services
    1. Managed Services
    2. Professional Services
  • Solutions
    1. Encryption
    2. Unified Threat Management
    3. Analytics
    4. Identity Access Management
    5. Data Loss Protection
    6. Others

End-use Outlook (Revenue, USD Billion; 2021–2028)

  • Retail
  • Manufacturing
  • Defense
  • Government
  • Consumer Electronics
  • Energy Utilities
  • Logistics Transportation
  • Others

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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the IoT Security market?

What are the key product types and applications of the IoT Security industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the IoT Security market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the IoT Security Market by 2027?

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