Key Companies Covered in IoT Security Market Research Report are Cisco Systems Inc. (California, United States), IBM Corporation (New York, United States), Intel Corporation (California, United States), Thales Group (Gemalto) (La Défense, France), Forgerock (California, United States), Infineon Technologies AG (Neubiberg, Germany), Mocana Corporation (California, United States), NortonLifeLock Inc. (Arizona, United States), Allot Ltd. (Hod Hasharon, Israel), Fortinet, Inc. (California, United States), New Sky Internet Limited (Hong Kong), Others.
Pune, India, April 22, 2021 (GLOBE NEWSWIRE) -- The global IoT security market size is expected to reach USD 20,776.1 million by 2027, exhibiting an excellent CAGR of 32.3 % during the forecast period. The increasing implementation of blockchain technology for improved security will have a massive effect on the growth of the market, states Fortune Business Insights, in a report, titled “IoT Security Market Size, Share & COVID-19 Impact Analysis, By Component (Software, and Services), By Enterprise Size (SMEs, and Large Enterprises), By Deployment (Cloud and On-Premise), By Product Type (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), By Application (Smart Homes, Smart Manufacturing, Connected Logistics, Connected Healthcare, Smart Retail, and Others), By End-use Industry (Consumer IoT, Manufacturing, Retail, IT and Telecommunication, BFSI, Government, Transportation & Automotive, Energy & Utilities, Healthcare, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 2,221.0 million in 2019.
The coronavirus crisis has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/iot-internet-of-things-security-market-103852
The report on the IoT security market encompasses:
Comprehensive analysis of dominant regions
Key Drivers and restraints
Key information about prominent players
Bird-eye view of the COVID-19 situation
Rising Security Concerns Associated with Malware Attacks to Augment Growth
The growing malware attacks pertaining to IoT devices is expected to fuel demand for IoT security in the forthcoming years. For instance, Telnet, Mirai, and denial-of-service attacks (DDoS) have become prevalent. The Mirai malware can penetrate and attack enterprise IoT devices such as digital signage television sets (TV) or wireless presentation systems. The increasing need for security to prevent DDoS attacks by hackers will enable speedy expansion of the market. Besides, the escalating malware attacks will drive the IoT network security solutions among organizations.
Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/iot-internet-of-things-security-market-103852
Shift towards Smart Connected Devices to Elevate Market Amid Coronavirus
The inclination towards machine learning, artificial intelligence, will influence the healthy growth of the market during the coronavirus. The improvements in controlled vehicles and devices will simultaneously incite the development of the market. Moreover, the surging demand for wirelessly connected devices in the healthcare industry can have a tremendous impact on the market amid COVID-19. Besides, AI can assist in getting accurate data of COVID-19 symptoms in individuals, thus Promoting the scope of the market.
Rising Government Initiatives to Propel Market in Europe
The IoT security market in Europe is expected to exhibit a rapid CAGR in the forthcoming years. The growth in the region is attributed to the rising government support for robust security integrated into wireless products. For instance, in October 2018, the government published the code of practice for consumer IoT security. Moreover, the announcement of regulatory proposals by the government will further foster the healthy growth of the market. For instance, in May 2019, the government of the U.K introduced a consultation on regulatory proposals regarding consumer connected devices security.
Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/iot-internet-of-things-security-market-103852
January 2020: Mocana Corporation announced that it has collaborated with automotive-grade Linux (AGL), a Linux Foundation open source project to drive the security of connected and autonomous vehicles.
The Report Lists the Key Companies in the IoT Security Market:
Cisco Systems Inc. (California, United States)
IBM Corporation (New York, United States)
Intel Corporation (California, United States)
Thales Group (Gemalto) (La Défense, France)
Forgerock (California, United States)
Infineon Technologies AG (Neubiberg, Germany)
Mocana Corporation (California, United States)
NortonLifeLock Inc. (Arizona, United States)
Allot Ltd. (Hod Hasharon, Israel)
Fortinet, Inc. (California, United States)
New Sky Internet Limited (Hong Kong)
Detailed Table of Content
Definition, By Segment
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Porter’s Five Force Analysis
Global Market Share Analysis and Matrix, 2019
Key Market Insights and Strategic Recommendations
Profiles of Key Players (Provided for Key 10 Players only)
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
Past and Current Revenue
Business Segment Share
Primary Interview Responses
Quick Buy – IoT Security Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103852
Have a Look at Related Research Insights:
Latin America Fraud Detection and Prevention Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions and Services), By Application Area (Insurance Claims, Money Laundering), By Deployment (Cloud and On-Premise), By Enterprise Size (Large Enterprises and SMEs), By Vertical (BFSI, IT and Telecom, Retail and Consumer Packaged Goods, Government, Construction and Real Estate, Energy and Utilities), and Geographical Forecast, 2021-2028
Identity Theft Protection Services Market Size, Share & COVID-19 Impact Analysis, By Type (Credit Card Fraud, Bank Fraud, Phone or Utility Fraud, Employment or Tax-Related Fraud), By Application (Consumer, Enterprise), and Regional Forecast, 2021-2028
Media Monitoring Tools Market Size, Share & COVID-19 Impact Analysis, By Component (Software/Platform, Services), By Type (Print Media Monitoring, Broadcast Media Monitoring, Online Media Monitoring), By Deployment (Cloud, On-premises), By Enterprise Size (SMEs, Large Enterprises), By Application (Customer Experience & PR Management, Real-Time Analytics), By Industry (BFSI, Healthcare, Retail & eCommerce), and Regional Forecast, 2021-2028
Robotic Process Automation (RPA) Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-Premises, Cloud), By Operation (Rule-Based, Knowledge-Based), By Application (Administration and reporting, Customer Support, Data Migration & Capture Extraction, Analysis, Others), By Industry (Retail, Manufacturing and Logistics Industry, BFSI, Healthcare, IT and Telecom, Hospitality, Others) and Regional Forecasts, 2021-2028
Customer Relationship Management (CRM) Market Size, Share & COVID-19 Impact Analysis, By Component (Software, Services), By Deployment (On-Premises, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Application (Marketing and Sales Automation, Customer Management, Lead Generation & Customer Retention), By Vertical (BFSI, Manufacturing, IT & Telecommunications, Retail & Consumer Goods, Healthcare) and Regional Forecasts, 2021 – 2028
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245