Global IoT Security Market to grow at a CAGR of 17.6% by 2025 | The Insight Partners

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The Insight Partners: Increasing focus on security and privacy concerns will raise IoT Security Market by 2025 with a CAGR of 17.6%.

The “IoT Security Market to 2025 by Types (Network Security, End-point Security, Cloud Security, Application Security and Others), Solution (Threat Analysis, Identity Access Management, Data Loss Protection, Encryption, Dispatch & Incident Response, Distributed Denial of Service Protection and Others) and Application (Smart Home, Connected Car, Information & Communication Technology, Smart Factories, BFSI, Smart Retail, Smart Healthcare, Smart Transportation, Wearable and Others) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of IoT Security market along with the estimates and forecasts in terms of revenue and market driving and restraining factors and also spots the significant IoT security players in the market and their key developments.

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IoT Security Market to 2025 – Global Analysis and Forecast by type, solution and application, IoT security market is expected to reach US$ 30.9 billion by 2025 from US$ 7.28 billion in 2016. IoT security is the area concerned with protecting internet connected devices and data in both rest and motion. The IoT includes use of different semiconductor technologies, including power management devices, sensors and microprocessors. Performance and security necessities vary considerably from one application to another.

Some of the remarkable partnership and collaboration in this industry are collaboration of Gemalto and Microsoft to provide seamless connectivity for Windows 10 devices. Also, In March 2017, IBM and Salesforce announced a global strategic partnership to deliver joint solutions designed to leverage artificial intelligence. Besides this in September 2016, Intel made two significant partnership announcement, first was Intel collaboration with Lenovo to bring secure online payments from the personal computers. Other participant in this partnership were PayPal, and Synaptics. And the second important collaboration was a definitive agreement with TPG under which the two parties will establish a newly formed, jointly-owned, independent cyber security company. The new company will be called McAfee following transaction close.

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The global IoT Security market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East, Africa and South America. North America being largest adopter of IoT enabled devices and network account for the largest share of the global IoT Security market in 2016, followed by Europe. Whereas, APAC are expected to have highest growth rate during the forecast period from 2017 to 2025. The report profiles key players such Cisco Systems, Inc., IBM Corp., Infineon Technologies, Intel Corporation, Symantec Corporation, ARM Holdings, NXP Semiconductor, INSIDE Secure, Gemalto NV, Trend Micro, Inc., Synopsys, ESCRYPT, Palo Alto Networks, Inc. and Microchip Technologies Inc. are among others.

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The report segments the global IoT Security market as follows:

Global IoT Security Market – By Type

  • Network Security
  • End-point Security
  • Cloud Security
  • Application Security
  • Others

Global IoT Security Market – By Solution

  • Threat Analysis
  • Identity Access Management
  • Data Loss Protection
  • Encryption
  • Dispatch and Incident Response
  • Distributed Denial of Service Protection
  • Others

Global IoT Security Market – By Application

  • Smart Home
  • Connected Car
  • Information & Communication Technology
  • Smart Factories
  • BFSI
  • Smart Retail
  • Smart Healthcare
  • Smart Transportation
  • Wearable
  • Others

Global IoT Security Market – By Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • South America (SAM)

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