IoT Security Market - Global Forecast to 2029

IoT Security Market - Global Forecast to 2029 by Type (Network Security, Endpoint Security, Application Security, and Cloud Security), Component (Solutions & Services), Application Area, Deployment Mode (On-premises & Cloud), Organization Size, and Region

During the forecast period of 2022 to 2029, the IoT Security Market is expected to reach $59.16 billion, growing at a CAGR of 21.2 percent. The market is expected to grow due to an increase in the number of IoT security regulations in developing economies, as well as an increase in malware and phishing threats among various businesses. However, the market's growth is hampered by budget limits among businesses and the high cost of IoT security solutions. Furthermore, the increased demand for IoT security solutions, as well as the adoption of IoT security solutions by various developing countries, are projected to create significant potential for market growth in the future.

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3G and 4G long-term evolution (LTE) networks and technologies, as well as wireless networks and technologies, is increasing the risk of cyber-attacks. These cellular networks exchange real-time and transaction-related information, both of which are critical to users, necessitating the need for IoT security. The use of the internet is growing at an exponential rate in sectors like health monitors, smart home appliances, smart city initiatives, and smart retail, necessitating the need for IoT security.

Key Players

The research offers a competitive landscape based on an in-depth analysis of the important strategic advancements made by the leading market participants in the IoT security sector over the previous four years. Key players profiled in the global IoT security market are Cisco Systems, Inc. (U.S.), Forescout Technologies, Inc. (U.S.), Fortinet, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), Rapid7, Inc. (U.S.), Armis, Inc. (U.S.), Microsoft Corporation (U.S.) Entrust Corporation (U.S.), Karamba Security Ltd. (Israel), ForgeRock, Inc. (U.S.), IBM Corporation (U.S.), Checkpoint Software Technologies, Ltd. (Israel), Allot Communications Ltd. (Israel), JFrog, Inc. (U.S.), Broadcom, Inc. (U.S.), and PTC, Inc. (U.S.).

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Scope of the Report:

IoT Security Market, by Component                                          

SolutionsIdentity and Access ManagementData Encryption and TokenizationIntrusion Detection System/Intrusion Prevention SystemDistributed Denial of Service ProtectionPKI Lifecycle ManagementSecure CommunicationsUnified Threat ManagementSecurity AnalyticsOther Solutions (Incidence Response System, Device Authentication and Management)ServicesProfessional ServicesConsulting servicesSystem Integration ServicesTraining and Maintenance ServicesManaged Services

IoT Security Market, by Type

Network SecurityApplication SecurityCloud SecurityEndpoint SecurityOther Security Types (Email Security, Web Security)

IoT Security Market, by Deployment Mode

On-premisesCloud-based

IoT Security Market, by Organization Size

Large EnterprisesSmall & Medium Enterprises

IoT Security Market, by Application

Smart ManufacturingSmart RetailSmart Energy ManagementSmart Supply ChainConnected HealthcareConnected LogisticsConnected CarsOther Applications (Smart Education, Smart Agriculture)

IoT Security Market, by End-use Industry                               

ManufacturingGovernment & PublicRetailSmart Consumer ElectronicsHealthcareAutomotiveEnergy & UtilitiesSupply Chain LogisticsTransportationOther End-use Industries (Education, BFSI, Agriculture, etc.)

IoT Security Market, by Region

North AmericaU.S.CanadaEuropeU.K.GermanyFranceItalySpainSwedenRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaAustralia and New ZealandSingaporeRest of Asia-PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaSaudi ArabiaUAEIsraelRest of MEA

The Report Answers Following Key Questions:

What factors are expected to influence market trends in IoT security?What is the IoT Security Market's market share?What is the best way to receive a sample of the IoT Security Market report?Who are the IoT Security Market report's prospective customers?Which companies dominate the IoT security market?How can I obtain company profiles for the top 10 IoT Security Market players?Which region will provide more IoT Security business chances in the future?What are the IoT Security Industry's applications?What are the top IoT Security industry players' growth strategies?What will be the major trends in the IoT Security Market over the next few years?

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