Overview of Report : –
The Internet of Things technology gathers and exchanges the data by using the embedded sensors. In today’s modern world, technology has managed to perforate routine life efficiently and thus, enterprises performing the solutions related to the Internet of things have started investing a high amount on security issues. Moreover, this technology has become one of the major significant technology trends and is attracting numerous organizations across the world.
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IoT Security technology plays a vital role in making the companies related to it reach the next level through digital transformation. The development of the new technology, i.e., IoT comes together to ensure the implantation of data security because the IoT industry is rife with risk. Consideration of the potential consequences of hackers attaining power grid control, industrial facilities or even medical equipment possess the threats that the hackers may carry out on a large scale. The Internet of things illustrates a series of threat vectors, thus emphasize on having security embedded with the essential design.
PKI or Public key infrastructure in the Asia Pacific has been in use for connecting devices to encrypt and authenticate through a digital signature. The report covers the analysis of the Asia Pacific region. The majority of people or can say more than 50% feel that the cloud is in the trend for driving the PKI-enabled application’s deployment.
The research report on the Asia Pacific IoT Security market highlights market segmentation based on device size, security type, solution, services, power source, application, and geography. Based on Security Type, it includes Network security, Cloud security, Application security, and Endpoint security. Based on Device Size, it includes Class 0, 1, & 2.Due to the considerable increase in the IoT products incorporation in artificial intelligence, wireless networking, and machine learning associated with the effective development of microcontrollers and sensors, and the increase in demand for the consistent operations security of the technology is becoming compulsory.
The Asia Pacific has become the major market for IoT Security worldwide where India and China are the other two major regions that contribute to the IoT security market growth. China has become one of the top economies and has also implemented different techniques for making targeted investments. Along with that, it takes other initiatives for improving the capacity of the country for absorbing IoT technologies.
In the year 2015, Asia-Pacific had around 3.9 billion IoT installed base and as expected it will reach 9.55 billion by the end of the year 2020 at a 19.07% CAGR. With the completion of the century, Asia-Pacific has turned into a manufacturing hub, which owns low production costs in developing countries like China and India. It remains a major regional manufacturer in the market of the Asia-Pacific IoT security. Planning of investments is for the growth of the market quality, addressing concerns related to the environment, and reduction of overcapacity. The automotive industry in the country has developed as the largest manufacturer in the world and is anticipated to increase in double-digits during the coming five years.
Table of Contents – Major Key Points
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 IoT Security Types: Market size and Analysis
7 Solutions: Market Size and Analysis
8 Services: Market Size and Analysis
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