The study of “Global Internet of Things (Iot) Security Market 2017-2022” industry is very important to enhance business productivity and for the study of market forecast. This New Report presented by Orbis Reseach contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The Global Internet of Things (Iot) Security Market was estimated at USD 8.058 billion in 2016 and is Projected to Reach USD 49.235 Billion by 2022 at a CAGR of 35.21% Over the Forecast Period. IoT is steadily gaining traction with more connected devices making their presence felt in every aspect of our lives, including homes, offices, cars and even bodies. Security is a major concern as businesses are being increasingly violated by attackers via unshielded web-facing assets. IoT security is the area of safeguarding connected devices and networks. IoT depends on microcontrollers with limited power, which often makes it impractical for approaches to be implemented.
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Large-scale implementation of IoT devices assures to transform aspects of the way we live. New IoT products with internet-enabled appliances, home automation components, and energy management devices are changing the entire scenario of the Market. With people becoming more health conscious, personal IoT equipments like wearable health monitors and network-enabled medical devices are altering the way services are delivered in regions like North America and Asia-Pacific. The major factor driving the market is effective communication architecture to the end-user by opening possibilities of using information in new ways. The major factors hampering the growth of the market are lack of technical expertise for infrastructure handling, adhering to regulatory compliances, and low budget for strategic implementations.
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North America is the major contributor to the market. Asia-Pacific is witnessing the fastest growth, owing to sophistication of threats with updated and new policies in countries like India, Japan, and Singapore.
Among the different types, cloud security is witnessing substantial growth across different verticals with software, platform and infrastructure in demand, for sensitive data. IAM (identity access management) is the most favorable in the solution segment, as it provides advanced authentication over other solutions and enhances enterprise mobility. BFSI is the major contributor to Iot Security Market with rising adoption in mobile applications. Smart banking with preferences for common security platform reduces complications in this particular segment.
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Energy & utilities vertical shall emerge as the fastest growing in applications, due to extensive execution of smart matters for utility management systems.
Key Market Players
- Prominent players in the market include:
- Symantec Corporation
- IBM Corporation
- Fire Eye Inc.
- Intel Corporation
- Infineon Technologies
- Cisco Systems Inc.
- Oracle Corporation
- Market definition for the global IoT security market along with identification of key drivers and restraints of the market.
- Market analysis of the global IoT security market, with region specific assessments.
- Identification of factors instrumental in changing the market scenarios and in offering prospective opportunities.
- Identification of key companies, which can influence the market on both global and regional scales.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
- Identification and analysis of the macro and micro factors that affect the global IoT security market on both global and regional scales.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Table of Content:
1.1 Key Findings of the Study
1.2 Research Methodology
- Executive Summary
- Market Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness – Porter’s Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the Industry
3.4 Industry Policies
- Market Dynamics
4.1.1 Growing Adoption of Cloud Services in Government Departments
4.1.2 Increase in Data Breaches Leading to Losses
4.2.1 Lack of Proper Cloud Security Standards
- Technology Snapshot
5.1 Technology Overview
5.2 Ongoing Developments
- Global IoT Security Market Segmentation (Size, Trends and Forecasts)
6.1 By Type of Security
6.1.1 Network Security
6.1.2 Endpoint Security
6.1.3 Application Security
6.1.4 Cloud Security
6.2 By Solutions
6.2.1 Identity Access Management (IAM)
6.2.2 Intrusion Prevention System (IPS)
6.2.3 Data Loss Protection (DLP)
6.2.4 Unified Threat Management (UTM)
6.2.5 Security & Vulnerability Management (SVM)
6.2.6 Network Security Forensics (NSF)
6.3 By Applications
6.3.1 Home Automation
6.3.3 Manufacturing Process Management
6.3.4 Patient Information Management
6.3.5 Supply Chain Operation
6.3.6 Customer Information Security
- Vendor Market Share Analysis
- Competitive Intelligence – Company Profiles (Overview, Products & Services, Strategies, Financials and Recent Developments)
8.1 Symantec Corporation
8.2 IBM Corporation
8.3 FireEye Inc.
8.4 Intel Corporation
8.5 Infineon Technologies
8.6 Trend Micro Inc.
8.7 Sophos Group PLC
8.8 ARM Holdings PLC
8.9 Wurldtech Security Technologies Inc.
8.10 Gemalto NV
- Investment Scenario
9.1 Investment Outlook
9.2 Recent Mergers and Acquisitions
- Future of Global IoT Security Market
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