Global Internet of Things (IoT) Security Market 2023-2027

Global Internet Of Things (IoT) Security Market 2023-2027
The internet of things (IoT) security market is forecasted to grow by USD 114.33 bn during 2022-2027, accelerating at a CAGR of 30.44% % during the forecast period. The report on the internet of things (IoT) security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological developments in different platforms, the exponential growth of internet-connected and operated devices, and the rise in industrial automation.

Technavio's internet of things (IoT) security market is segmented as below:

By End-userIndustrial sectorCommercial sectorConsumer sectorBy DeploymentOn-premisesCloudBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the use of wearables to monitor human health and the environment as one of the prime reasons driving the internet of things (IoT) security market growth during the next few years. Also, the inclusion of blockchain technology in IoT and leveraging manufacturing data for predictive maintenance will lead to sizable demand in the market.

The report on the internet of things (IoT) security market covers the following areas:Internet of things (IoT) security market sizingInternet of things (IoT) security market forecastInternet of things (IoT) security market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading internet of things (IoT) security market vendors that include Allot Ltd., AT and T Inc., Atos SE, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., ForgeRock Inc., Fortinet Inc., Hewlett Packard Enterprise Co., Infineon Technologies AG, Intel Corp., International Business Machines Corp., Microsoft Corp., Palo Alto Networks Inc., SecuriThings Inc., Sophos Ltd., Telefonaktiebolaget LM Ericsson, Thales Group, Trend Micro Inc., and Trustwave Holdings Inc. Also, the internet of things (IoT) security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.