Global Iot Security Market to grow at a CAGR of 55.01% during the period 2016 - 2020; Finds New Report

Report forecast the global IoT security market to grow at a CAGR of 55.01% during the period 2016 - 2020.

IoT is the communication between connected devices within a network. Data transmission takes place between smart devices, such as thermostats and sensors, which can be further connected to an individual’s mobile devices. IoT works efficiently due to the interconnection between embedded hardware devices, communication services, software, and IT services. It helps in efficient remote monitoring and management of numerous interconnected devices. IoT also enables the creation of smart homes, smart shopping, smart transportation, and smart healthcare.

The report covers the present scenario and the growth prospects of the global IoT security market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sales of network security solutions including hardware, software, and services (including managed services) provided by vendors.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Global IoT Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, a number of sectors such as retail, manufacturing, healthcare, and automotive use IoT to ensure efficient data transmission of confidential information between devices and people through networks. Thus, governments across the globe have framed certain regulations to enforce compliance in order to secure networks from hackers and viruses.

Further, the report states that the overall deployment cost of IoT security solutions includes the cost of software licensing, system designing and customization, implementation, training, and maintenance. After implementation, IoT security solutions have to be upgraded regularly. All of these factors lead to an increase in the overall costs incurred by an organization for implementing these solutions.

Key players in the Global Internet of Things Security Market: Cisco Systems, Infineon Technologies, Intel, GE (Wurldtech Security Technologies), and Symantec.

Other Prominent Vendors in the market are: Axeda Machine Cloud, Broadcom, Digi International, Ericsson, Eurotech, Fortinet, Gemalto, IBM, Kore Wireless, NetComm Wireless, Nokia, Numerex, Palo Alto Networks, Rockwell Automation, Secure Crossing, Sierra Wireless, Sophos, Systech Solutions, Telit, Tofino, and Ventus Wireless.

Market driver

• Need to comply with stringent regulations
• For a full, detailed list, view our report

Market challenge

• High total cost of ownership (TCO) of IoT security solutions
• For a full, detailed list, view our report

Market trend

• Emergence of integrated security solutions
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages “Global Internet of Things Security Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market description, Market landscape, Life cycle analysis, Market segmentation by end-user, Market segmentation by network security components, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Role of system integrators, Vendor landscape, Appendix.

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