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IoT Security Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5446118
  • Report
  • September 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Alcatel-Lucent S.A
  • AT&T Inc.
  • Forgerock
  • Infineon
  • NSIDE Secure
  • Sophos
IoT Security Global Market Report 2021: COVID-19 Growth and Change to 2030 provides strategists, marketers and senior management with the critical information they need to assess the global IoT security market.



The report focuses on the IoT security market which is experiencing strong growth. The report gives a guide to the IoT security market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for IoT security? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The IoT Security Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope


Markets Covered:

  • By Type: Network Security; Endpoint Security; Application Security; Cloud Security; Others
  • By Application: Healthcare & Life Sciences; Infrastructure & Cities; Industrial System & Sensors; Smart Home & Consumer; Transport & Urban Mobility
  • By Component: Solution; Services

Companies Mentioned:


Cisco; IBM; Intel; Infineon; Symantec Corporation

Countries:


Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:


Five years historic and ten years forecast.

Data Segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:


Data and analysis throughout the report is sourced using end notes.
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Frequently Asked Questions about the Global Iot Security Market

What is the estimated value of the Global Iot Security Market?

The Global Iot Security Market was estimated to be valued at €2.20 billion in 2021.

What is the growth rate of the Global Iot Security Market?

The growth rate of the Global Iot Security Market is 30.5%, with an estimated value of €6.40 billion by 2025.

What is the forecasted size of the Global Iot Security Market?

The Global Iot Security Market is estimated to be worth €6.40 billion by 2025.

Who are the key companies in the Global Iot Security Market?

Key companies in the Global Iot Security Market include Cisco, IBM, Intel, Infineon, Symantec Corporation, Check Point Security Software, Gemalto, AT&T Inc. and Lucent S.A.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alcatel-Lucent S.A
  • AT&T Inc.
  • Forgerock
  • Infineon
  • NSIDE Secure
  • Sophos
1. Executive Summary

2. IoT Security Market Characteristics

3. IoT Security Market Trends and Strategies

4. Impact Of COVID-19 On IoT Security

5. IoT Security Market Size and Growth
5.1. Global IoT Security Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global IoT Security Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market

6. IoT Security Market Segmentation
6.1. Global IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Others
6.2. Global IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Healthcare & Life Sciences
  • Infrastructure & Cities
  • Industrial System & Sensors
  • Smart Home & Consumer
  • Transport & Urban Mobility
6.3. Global IoT Security Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Solution
  • Services
7. IoT Security Market Regional and Country Analysis
7.1. Global IoT Security Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global IoT Security Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific IoT Security Market
8.1. Asia-Pacific IoT Security Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China IoT Security Market
9.1. China IoT Security Market Overview
9.2. China IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India IoT Security Market
10.1. India IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan IoT Security Market
11.1. Japan IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia IoT Security Market
12.1. Australia IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia IoT Security Market
13.1. Indonesia IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea IoT Security Market
14.1. South Korea IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe IoT Security Market
15.1. Western Europe IoT Security Market Overview
15.2. Western Europe IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK IoT Security Market
16.1. UK IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany IoT Security Market
17.1. Germany IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France IoT Security Market
18.4. France IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe IoT Security Market
19.1. Eastern Europe IoT Security Market Overview
19.2. Eastern Europe IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia IoT Security Market
20.1. Russia IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America IoT Security Market
21.1. North America IoT Security Market Overview
21.2. North America IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA IoT Security Market
22.1. USA IoT Security Market Overview
22.2. USA IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America IoT Security Market
23.1. South America IoT Security Market Overview
23.2. South America IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil IoT Security Market
24.1. Brazil IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East IoT Security Market
25.1. Middle East IoT Security Market Overview
25.2. Middle East IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa IoT Security Market
26.1. Africa IoT Security Market Overview
26.2. Africa IoT Security Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa IoT Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. IoT Security Market Competitive Landscape and Company Profiles
27.1. IoT Security Market Competitive Landscape
27.2. IoT Security Market Company Profiles
27.2.1. Cisco
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. IBM
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Intel
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Infineon
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Symantec Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the IoT Security Market

29. IoT Security Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alcatel-Lucent S.A
  • AT&T Inc.
  • Forgerock
  • Infineon
  • NSIDE Secure
  • Sophos
Major players in the Internet of Things (IoT) security market are Cisco, IBM, Intel, Infineon and Symantec Corporation.

The global IoT security market is expected to grow from $1.95 billion in 2020 to $2.22 billion in 2021 at a compound annual growth rate (CAGR) of 13.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.43 billion in 2025 at a CAGR of 30.5%.

The Internet of Things (IoT) security market consists of sales of Internet of Things (IoT) security devices/ software and related services. The IOT security is a technological area that provides solutions for safeguarding smart devices, networks, other connected devices and centralized user hubs from unwanted manipulation. This industry includes establishments that provide security solutions to counter IoT security threats such as remote vehicle hijacking, privacy leaks, brute force attacks on passwords and others.

The IoT security market covered in this report is segmented by type into network security, endpoint security, application security, cloud security, others. It is also segmented by application into healthcare & life sciences, infrastructure & cities, industrial system & sensors, smart home & consumer, transport & urban mobility and by component into solution, services.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Lack of awareness regards the importance of IoT security and risk mitigating measures among the people may hinder the IOT security market growth. The IoT security service providers are impacted due to the lack of awareness as there are instances where the IoT devices have been attacked by malicious software and viruses. Installing an IoT device does not simply solve the problem of security concerns. For instance, according to a survey conducted by Trend Micro, IT Security firm, 86% of IT and security decision makers across the globe believe that their organizations need to enhance their awareness of IoT threats. Furthermore, the survey stated that lack of awareness makes the organization fall and lead to thefts and data breach.

According to another survey conducted by Dynatrace, a software company, consumers continue to see a significant risk in IoT device security where two-thirds of them have encountered performance issues with potential risk.

The increasing usage of block chain technology in order to protect data of IoT devices, enhance transparency and security, reduce costs, and increase efficiency is a new trend in the IoT Security market. Block chain is a distributed decentralized ledger and underlying technology of bitcoin (a cryptocurrency) which is shared database (can be saved, owned, updated at different levels), not managed by central authority, comprising secure transactions, authenticated and verifiable. The block chain technology is integrated into IoT networks to provide additional privacy and security. It helps in reduction of processing time and cost, records transactions of all connected IOT devices, ensures tracking connected devices, coordinates these devices and aid smooth transaction process, provides efficiency to compliance issues, avoid re-entries, data leakages and frauds, minimize time to settle losses and ensures cryptographic security. For instance, Atonomi provides IoT security solution to IoT developers and manufacturers with block chain based immutable identity and reputation tracking. In 2019, According to a survey by Gemalto, a digital security firm, the adoption of block chain technology to help secure IoT data, services and devices in the IOT sector doubled from 9% to 19%.

In June 2020, Microsoft Corporation, a USA based technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services acquired Cyber X, Inc. for $165 million. This acquisition will expand Microsoft Corporation Azure IoT security offerings, including Azure Sentinel, to cover devices in a variety of industrial settings. Cyber X, Inc, a USA based Computer & Network Security company.

The emergence of smart city concept is the driving force for the rise in demand for IoT Security. As the population is growing, the need for sustainable development is of more important. Smart cities are well equipped with handling high traffic, population control, and better security for people. The execution for such a task can be done by installing IoT Devices in the smart cities. This involves connecting devices to one another, exchange data in a secured manner, forming a pattern and then providing a final solution. The remotely connected CCTV and automated incident detection (the use of computers to continuously monitor traffic conditions and detect incidents or traffic queues) allow a quicker response to threats. IoT led crowd management solutions help monitor and manage crowds of people across all sorts of gatherings. Smart street lighting helps to lower crime rates and improve driving conditions. This rising demand for security in the smart cities increases investment in the IoT Security Market. For instance, the Indian Government released ₹9,940 Crores (INR) ($1.42 Billion) for smart city mission.

The European Telecommunications Standards Institute (ETSI), a Technical Committee on Cybersecurity (TY Cyber) released a first globally applicable standard for consumer IOT security, ETSI TS 103 645, so as to keep a security baseline for all internet-connected consumer products and provide a basis for future IoT certification schemes. This standard state that the IoT devices must make it easy for consumers to delete their personal data when there is a transfer of ownership. The standard also requires the implementers to stop using universal default passwords as it may lead to a large number of security issues. It also allows the security researchers to report any kind of security flaw in the IoT device.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Cisco
  • IBM
  • Intel
  • Infineon
  • Symantec Corporation
  • Check Point Security Software
  • Gemalto
  • AT&T Inc.
  • Alcatel-Lucent S.A
  • Allot
  • Fortinet
  • Mocana
  • Securithings
  • Centri
  • Armis
  • Forgerock
  • Newsky
  • PTC Inc.
  • Verizon Enterprises Solutions
  • Trustwave
  • Siemens AG
  • Wurldtech Security
  • Axeda Machine Cloud
  • Huawei Technologies Co. Ltd
  • NETCOM On-Line Communication Services
  • Sophos
  • NSIDE Secure
  • ARM Holding
Note: Product cover images may vary from those shown

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