IoT Security Market Research Report

IoT Security Market Size By Component (Services, Solutions), By Type (Cloud Security, Endpoint Security, Network Security), By Service (Managed Services, Professional Services), By Application Area (Connected Healthcare, Smart Government and Defense, Smart Transportation, Smart Retail, Smart Manufacturing, Smart Energy and Utilities, Connected Logistics, Smart Home and Consumer Electronics), Others), By Solution (Public Key Infrastructure Lifecycle Management, Distributed Denial of Service Protection, Security Analytics, Identity Access and Management, Data Encryption and Tokenization, Intrusion Detection System and Intrusion Prevention System, Device Authentication and Management, Secure Software and Firmware Update, Secure Communications), Others), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

IoT security is an act of eliminating vulnerabilities of cyber threat by safeguarding IoT devices.

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MARKET SNAPSHOT

Major Players

  • Securithings
  • Centri
  • Armis
  • Forgerock
  • Newsky
  • Study period:

    2018-2025

    Base Year:

    2019

    CAGR:

    6

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The development can be outlined to a rising adoption of cloud based services for authentication process. Cloud is existence used for the storage of biometrics information. As most organizations today are approving cloud technology for storing their confidential data, there rises need for emerging security procedures to keep the cloud against unauthorized access. The high adoption of cloud based services by small and medium scale enterprises like pay per use model, is contribution flexibility and scalability to these enterprises and this has caused in a staggering rise in the adoption of cloud based services for the determination of data storage. This is anticipated to make a sensitive need for IoT security solutions and drive the market universal. The overview of combined security solutions is anticipated to fuel the development prospects of the global IoT security market. Growing usage of online platforms for shopping has controlled to the demand for solutions which offer customer data security among various retailers. Extra, retailers are opting for software that supports them keep track of products, their lifetime, inventory and much more. Lack of awareness about the benefits of IoT security solutions is measured as a major drawback for the market development. But digitalization in emerging economies of Asia Pacific region is expected to open new prospects for the market growth over the estimate duration.

    Based on Application Area, the global IoT Security market is segmented in Connected Healthcare, Smart Government and Defense, Smart Transportation, Smart Retail, Smart Manufacturing, Smart Energy and Utilities, Connected Logistics, Smart Home and Consumer Electronics, and Others. The report also bifurcates the global IoT Security market based on Solution in Public Key Infrastructure Lifecycle Management, Distributed Denial of Service Protection, Security Analytics, Identity Access and Management, Data Encryption and Tokenization, Intrusion Detection System and Intrusion Prevention System, Device Authentication and Management, Secure Software and Firmware Update, Secure Communications, and Others.

    The global IoT Security market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The IoT Security market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Securithings, Centri, Armis, Forgerock, Newsky, Cisco, IBM, Intel, Infineon, Symantec, and others are among the major players in the global IoT Security market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The IoT Security Market has been segmented as below:

    IoT Security Market, By Component

    • Services
    • Solutions

    IoT Security Market, By Type

    • Cloud Security
    • Endpoint Security
    • Network Security
    • Others

    IoT Security Market, By Service

    • Managed Services
    • Professional Services

    IoT Security Market, By Application Area

    • Connected Healthcare
    • Smart Government and Defense
    • Smart Transportation
    • Smart Retail
    • Smart Manufacturing
    • Smart Energy and Utilities
    • Connected Logistics
    • Smart Home and Consumer Electronics
    • Others

    IoT Security Market, By Solution

    • Public Key Infrastructure Lifecycle Management
    • Distributed Denial of Service Protection
    • Security Analytics
    • Identity Access and Management
    • Data Encryption and Tokenization
    • Intrusion Detection System and Intrusion Prevention System
    • Device Authentication and Management
    • Secure Software and Firmware Update
    • Secure Communications
    • Others

    IoT Security Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    IoT Security Market, By Company

    • Securithings
    • Centri
    • Armis
    • Forgerock
    • Newsky
    • Cisco
    • IBM
    • Intel
    • Infineon
    • Symantec
    • Gemalto
    • Allot
    • Fortinet
    • Zingbox
    • Mocana

    The report covers:

    • Global IoT Security market sizes from 2015 to 2024, along with CAGR for 2018-2025
    • Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2025
    • Global IoT Security market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global IoT Security market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global IoT Security market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Security market share. Major industry players with significant revenue share include Securithings, Centri, Armis, Forgerock, Newsky, Cisco, IBM, Intel, Infineon, Symantec, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the IoT Security industry trends
    • Find complete analysis on the market status
    • Identify the IoT Security market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent developments in IoT Security Market are as follows:

    Cisco

    • 02-2020: Cisco is frontrunner in enterprise security, exposed a radical simplification in the way customers experience Cisco Security’s portfolio and addresses complexity one of the top pain points for CISOs. Cisco is now offering customers the broadest, most integrated cloud-native security platform in the industry, Cisco SecureX.
    • 06-2020: Cisco has declared new intent-based networking solutions to support optimize business and network operations.

    Intel

    • 06-2020: Intel will contemporary a body of research and technical perspectives on the computing transformation driven by data that is increasingly distributed across the core, edge and endpoints.
    • 07-2020: As one of the most successful acquisitions in Intel’s history, Mobileye is a development engine for INTC. Revenue has more than doubled since the acquisition and fully funds Mobileye’s development work on the autonomous future.

    Customization

    Customized report as per the requirement can be offered with appropriate recommendations

    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders
    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis
    3. Executive Summary
    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis
    5. IoT Security Market, By Component
        5.1 Introduction
        5.2 Services
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Solutions
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
    6. IoT Security Market, By Type
        6.1 Introduction
        6.2 Cloud Security
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Endpoint Security
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
        6.4 Network Security
            6.4.1 Market Overview
            6.4.2 Market Size and Forecast
        6.5 Others
            6.5.1 Market Overview
            6.5.2 Market Size and Forecast
    7. IoT Security Market, By Service
        7.1 Introduction
        7.2 Managed Services
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Professional Services
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
    8. IoT Security Market, By Application Area
        8.1 Introduction
        8.2 Connected Healthcare
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Smart Government and Defense
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast
        8.4 Smart Transportation
            8.4.1 Market Overview
            8.4.2 Market Size and Forecast
        8.5 Smart Retail
            8.5.1 Market Overview
            8.5.2 Market Size and Forecast
        8.6 Smart Manufacturing
            8.6.1 Market Overview
            8.6.2 Market Size and Forecast
        8.7 Smart Energy and Utilities
            8.7.1 Market Overview
            8.7.2 Market Size and Forecast
        8.8 Connected Logistics
            8.8.1 Market Overview
            8.8.2 Market Size and Forecast
        8.9 Smart Home and Consumer Electronics
            8.9.1 Market Overview
            8.9.2 Market Size and Forecast
        8.10 Others
            8.10.1 Market Overview
            8.10.2 Market Size and Forecast
    9. IoT Security Market, By Solution
        9.1 Introduction
        9.2 Public Key Infrastructure Lifecycle Management
            9.2.1 Market Overview
            9.2.2 Market Size and Forecast
        9.3 Distributed Denial of Service Protection
            9.3.1 Market Overview
            9.3.2 Market Size and Forecast
        9.4 Security Analytics
            9.4.1 Market Overview
            9.4.2 Market Size and Forecast
        9.5 Identity Access and Management
            9.5.1 Market Overview
            9.5.2 Market Size and Forecast
        9.6 Data Encryption and Tokenization
            9.6.1 Market Overview
            9.6.2 Market Size and Forecast
        9.7 Intrusion Detection System and Intrusion Prevention System
            9.7.1 Market Overview
            9.7.2 Market Size and Forecast
        9.8 Device Authentication and Management
            9.8.1 Market Overview
            9.8.2 Market Size and Forecast
        9.9 Secure Software and Firmware Update
            9.9.1 Market Overview
            9.9.2 Market Size and Forecast
        9.10 Secure Communications
            9.10.1 Market Overview
            9.10.2 Market Size and Forecast
        9.11 Others
            9.11.1 Market Overview
            9.11.2 Market Size and Forecast
    10. IoT Security Market, By Geography
        10.1 Introduction
        10.2 North America
            10.2.1 North America IoT Security, By Component
            10.2.2 North America IoT Security, By Type
            10.2.3 North America IoT Security, By Service
            10.2.4 North America IoT Security, By Application Area
            10.2.5 North America IoT Security, By Solution
        10.3 Europe
            10.3.1 Europe IoT Security, By Component
            10.3.2 Europe IoT Security, By Type
            10.3.3 Europe IoT Security, By Service
            10.3.4 Europe IoT Security, By Application Area
            10.3.5 Europe IoT Security, By Solution
        10.4 Asia-Pacific
            10.4.1 Asia-Pacific IoT Security, By Component
            10.4.2 Asia-Pacific IoT Security, By Type
            10.4.3 Asia-Pacific IoT Security, By Service
            10.4.4 Asia-Pacific IoT Security, By Application Area
            10.4.5 Asia-Pacific IoT Security, By Solution
        10.5 Rest of the World
            10.5.1 Rest of the World IoT Security, By Component
            10.5.2 Rest of the World IoT Security, By Type
            10.5.3 Rest of the World IoT Security, By Service
            10.5.4 Rest of the World IoT Security, By Application Area
            10.5.5 Rest of the World IoT Security, By Solution
    11. Competitive Insights
        11.1 Key Insights
        11.2 Company Market Share Analysis
        11.3 Strategic Outlook
            11.3.1 Mergers & Acquisitions
            11.3.2 New Product Development
            11.3.3 Portfolio/Production Capacity Expansions
            11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            11.3.5 Others
    12. Company Profiles
        12.1 Securithings
            12.1.1 Company Overview
            12.1.2 Product/Service Landscape
            12.1.3 Financial Overview
            12.1.4 Recent Developments
        12.2 Centri
            12.2.1 Company Overview
            12.2.2 Product/Service Landscape
            12.2.3 Financial Overview
            12.2.4 Recent Developments
        12.3 Armis
            12.3.1 Company Overview
            12.3.2 Product/Service Landscape
            12.3.3 Financial Overview
            12.3.4 Recent Developments
        12.4 Forgerock
            12.4.1 Company Overview
            12.4.2 Product/Service Landscape
            12.4.3 Financial Overview
            12.4.4 Recent Developments
        12.5 Newsky
            12.5.1 Company Overview
            12.5.2 Product/Service Landscape
            12.5.3 Financial Overview
            12.5.4 Recent Developments
        12.6 Cisco
            12.6.1 Company Overview
            12.6.2 Product/Service Landscape
            12.6.3 Financial Overview
            12.6.4 Recent Developments
        12.7 IBM
            12.7.1 Company Overview
            12.7.2 Product/Service Landscape
            12.7.3 Financial Overview
            12.7.4 Recent Developments
        12.8 Intel
            12.8.1 Company Overview
            12.8.2 Product/Service Landscape
            12.8.3 Financial Overview
            12.8.4 Recent Developments
        12.9 Infineon
            12.9.1 Company Overview
            12.9.2 Product/Service Landscape
            12.9.3 Financial Overview
            12.9.4 Recent Developments
        12.10 Symantec
            12.10.1 Company Overview
            12.10.2 Product/Service Landscape
            12.10.3 Financial Overview
            12.10.4 Recent Developments
              12.11 Gemalto
                           12.11.1 Company Overview
            12.11.2 Product/Service Landscape
            12.11.3 Financial Overview
            12.11.4 Recent Developments
                12.12 Allot
                           12.12.1 Company Overview
            12.12.2 Product/Service Landscape
            12.12.3 Financial Overview
            12.12.4 Recent Developments
               12.13 Fortinet
                           12.13.1 Company Overview
            12.13.2 Product/Service Landscape
            12.13.3 Financial Overview
            12.13.4 Recent Developments
                   12.14 Zingbox
                            12.14.1 Company Overview
            12.14.2 Product/Service Landscape
            12.14.3 Financial Overview
            12.14.4 Recent Developments
                12.15 Mocana
                            12.15.1 Company Overview
            12.15.2 Product/Service Landscape
            12.15.3 Financial Overview
            12.15.4 Recent Developments

    The IoT Security Market has been segmented as below:

     

    IoT Security Market, By Component

    • Services
    • Solutions

     

    IoT Security Market, By Type

    • Cloud Security
    • Endpoint Security
    • Network Security
    • Others

     

    IoT Security Market, By Service

    • Managed Services
    • Professional Services

     

    IoT Security Market, By Application Area

    • Connected Healthcare
    • Smart Government and Defense
    • Smart Transportation
    • Smart Retail
    • Smart Manufacturing
    • Smart Energy and Utilities
    • Connected Logistics
    • Smart Home and Consumer Electronics
    • Others

     

    IoT Security Market, By Solution

    • Public Key Infrastructure Lifecycle Management
    • Distributed Denial of Service Protection
    • Security Analytics
    • Identity Access and Management
    • Data Encryption and Tokenization
    • Intrusion Detection System and Intrusion Prevention System
    • Device Authentication and Management
    • Secure Software and Firmware Update
    • Secure Communications
    • Others

     

    IoT Security Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

     

    IoT Security Market, By Company

    • Securithings
    • Centri
    • Armis
    • Forgerock
    • Newsky
    • Cisco
    • IBM
    • Intel
    • Infineon
    • Symantec
    • Gemalto
    • Allot
    • Fortinet
    • Zingbox
    • Mocana

    Got a question? We've got answers. If you have some other questions, see our support center.

    The segment included in IoT Security market is Component, Type, Service, Application Area, Solution, Company and region.
    Some key players operating in the IoT Security market include Securithings, Centri, Armis, Forgerock, Newsky, Cisco, IBM, Intel, Infineon, Symantec
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