Europe has taken a profitable step in adding value to IoT security market, wherein the USD 2.189 billion market of 2016 is projected to reach USD 12.28 billion by 2022, at a CAGR of 33.29% during the forecast period 2017-2022. Germany held a lion share of 31.44% in 2015, followed by France (22.61%).
In the U.K., Transport for London (TFL) has started experimenting different avenues with IoT devices to enhance public services. Similarly, London City Airport is testing IoT applications to enhance customer experience and passenger stream by furnishing customers with more precise doorstep-to-destination information. Nations have begun establishing laws to shield their data from cyber attacks, which are a goldmine for hackers. The U.K. government declared a five-year, GBP 1.9 billion digital investment plan, along with strategies from government bodies such as GCHQ's Cyber Invest and Government Digital Services. These will handle current skill deficiencies, business coherence management, encryption and fixed security of frameworks.
According to a recent survey, Europe had more than 200 incidents of theft in 2015 affecting 60 million records. The U.K. had the highest number of breaches, with more than 140 incidents affecting 20.7 million records. Germany came in second place with 11 breaches.
The European Commission has recently announced their next five-year plan in creating digital single market costing over USD 136 billion. The strategy is to pool in all the resources in technology like IoT, 5G and quantum computing to create a huge thrust in the cloud storage infrastructure.
Automotive security has been a critical concern for the OEMs and their customers throughout the world. With the market of connected vehicles expected to reach more than 300 million by 2018, driven by the regulation related to safety; the market for cyber security is expected to increase accordingly. Intrusion Prevention Systems (IPS) is one of the major advancements for IoT security incorporated OEMs, Tier 1s, and aftermarket providers. As a government tested solution, IPS protects elements from being hacked and generates reports & alerts for monitoring the health of each vertical.
The market for European IoT security is segmented by type of security, into network, endpoint, application, cloud etc.; by solutions into IAM, network security forensics, IPS, DLP, UTM, SVM etc.; and by applications into home automation, wearable, MPM, PIM, SCO, CIS etc. The major verticals adding value to the market are BFSI, retail, manufacturing, government, utilities, healthcare etc. Regionally, it is segmented into the United Kingdom, Germany, France and others.
Key Market Players
Prominent players in the market include:
Market definition for the Europe IoT security market along with identification of key drivers and restraints to the market.
Market analysis of the Europe IoT security market, with country-specific assessments.
Identification of factors instrumental in changing the market scenarios and in offering prospective opportunities.
Identification of key companies, which can influence the market on regional scales.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the macro and micro factors that affect the Europe IoT security market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Key Findings of the Study
1.2 Research Methodology
2. Executive Summary
3. Market Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the Industry
3.4 Industry Policies
4. Market Dynamics
5. Technology Snapshot
5.1 Technology Overview
5.2 Ongoing Developments
6. Europe IoT Security Market Segmentation (Size, Trends and Forecasts)
6.1 By Type of Security
6.1.1 Network Security
6.1.2 Endpoint Security
6.1.3 Application Security
6.1.4 Cloud Security
6.2 By Solutions
6.2.1 Identity Access Management (IAM)
6.2.2 Intrusion Prevention System (IPS)
6.2.3 Data Loss Protection (DLP)
6.2.4 Unified Threat Management (UTM)
6.2.5 Security & Vulnerability Management (SVM)
6.2.6 Network Security Forensics (NSF)
6.3 By Applications
6.3.1 Home Automation
6.3.3 Manufacturing Process Management
6.3.4 Patient Information Management
6.3.5 Supply Chain Operation
6.3.6 Customer Information Security
6.4 By Verticals
6.5 By Geography
6.5.1 United Kingdom
7. Vendor Market Share Analysis
8. Competitive Intelligence - Company Profiles (Overview, Products & Services, Strategies, Financials and Recent Developments)
8.1 Symantec Corporation
8.2 IBM Corporation
8.3 FireEye Inc.
8.4 Intel Corporation
8.5 Infineon Technologies
8.6 Trend Micro Inc.
8.7 Sophos Group PLC
8.8 ARM Holdings PLC
8.9 Wurldtech Security Technologies Inc.
8.10 Gemalto NV
9. Investment Scenario
9.1 Investment Outlook
9.2 Recent Mergers and Acquisitions
10. Future of Europe IoT Security Market