According to the latest report by IMARC Group,the global IoT security market exhibited strong growth during 2015-2020.Internet of Things (IoT) security is a technological solution used to safeguard networks and connected mechanical or digital devices. In addition, it offers identity access management, data encryption and tokenization, intrusion prevention systems, and security analytics with the use of antimalware, antivirus and firewalls.
2. Report Description
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3. Report Description
Report Description and Highlights
Global IoT Security Market Outlook 2026:
As per the latest report by IMARC Group titled, āIoT Security Market: Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2021-2026,ā the global IoT security market exhibited strong
growth during 2015-2020.
Internet of Things (IoT) security is a technological solution used to safeguard networks and connected
mechanical or digital devices. In addition, it offers identity access management, data encryption and
tokenization, intrusion prevention systems, and security analytics with the use of antimalware,
antivirus and firewalls.
Recently, there has been a rise in the demand for IoT security as it eradicates vulnerabilities and equips
IoT devices with the means to detect, resist and recover from malicious attacks.
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4. Report Description
Report Description and Highlights
Global IoT Security Market Trends:
The market is primarily driven by the rising threat of cyber terrorism and the rapid adoption of IoT
technologies across diverse industries. In addition, the development of smart cities and increased
automation in various industry verticals are increasing the need for enhanced and effective security
solutions to protect highly sensitive personal and organizational data from malware injection.
Along with this, the emergence of several new trends, such as Bring Your Own Device (BYOD) in the
corporate organizational setups, is contributing to the market growth as organizations are encouraging
the deployment of IoT security solutions to manage the communications and digital identities of their
employees across on-premises, cloud, and hybrid environments.
Furthermore, the advancements in 4G and 5G technologies, and proliferation of social media platforms
resulting in a significant rise in number of identity and data thefts are anticipated to propel the market
growth.
5. Market Summary:
Breakup by Component:
ā¢ Solutions
ā¢ Services
Breakup by Security Type:
ā¢ Network Security
ā¢ Endpoint Security
ā¢ Application Security
ā¢ Cloud Security
Breakup by Vertical:
ā¢ Energy and Utilities
ā¢ Manufacturing
ā¢ Automotive
ā¢ Transport
ā¢ Consumer Electronics
ā¢ Healthcare
Report Description
Report Description and Highlights
6. Breakup by Region:
ā¢ North America
ā¢ Asia Pacific
ā¢ Europe
ā¢ Middle East and Africa
ā¢ Latin America
Looking forward, IMARC Group expects the market to grow at a CAGR of around 25% during 2021-2026.
Report Description
Report Description and Highlights
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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients