The digital industry has witnessed a massive transformation, owing to the rise of IoT devices and its application in various industries. In order to utilize the benefits of these devices, IoT security measures are adopted to prevent any malicious or illicit activity from affecting the devices. Moreover, concerns related to data breach and increased incidents of cybercrime are also leading to increased investment to develop secure network solutions and services. Factors such as rise in number of connected devices and growing number of IoT security regulations are responsible for high demand for security solutions and services.
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The study was designed to answer some of the most crucial questions of the global IoT security market:
• What is the growth pattern of the global IoT security market size from 2019 to 2024?
• What are the IoT enabling technologies in the IoT security market?
• What is the revenue generated by the different applications, and which application is currently dominant in the IoT security market?
• What are the key facts raising IoT security concerns across different regions?
• What are the revenue opportunities for IoT security across various countries, globally?
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different applications which include smart manufacturing, smart energy and utilities, and connected logistics, among others.
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The IoT security market is not expected to play out the same way for every region or platform in the coming future, hence, this report segments the market accordingly and breaks down the industry on the basis of region, as follows: North America (the U.S., Canada, and Mexico), Europe (Germany, the U.K, France, and Rest-of-Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest-of-APAC), Rest-of-the-World (Middle East and Africa, and South America).
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