Securing IoT Networks and Systems is a Substantial Market Opportunity for Enterprise and Industrial Segments
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This report assesses the current state of IoT security and privacy, analyzes current challenges, and evaluates potential opportunities. The report assesses the need for security for IoT in different areas and identifies existing and needed solutions.
The report also assesses the specific hardware and software solutions required to ensure IoT security and privacy. It also identifies market opportunities by security type across the ecosystem. The report also evaluates the impact of IoT security technologies on different industry verticals.
Select Report Findings
- The overall security in IoT market will reach almost $64B globally by 2027
- Distributed denial of service protection for IoT will reach $1.7B globally by 2027
- Cloud-based IoT security and privacy solutions will be a $41.2B market globally by 2027
- Driven by commercial retrofits, IoT security in smart buildings will be $5.3 globally by 2027
IoT networks and systems often represent a multi-vendor, multi-nodal and distributed environment and are therefore more prone to cyberattacks by virtue of many points of attack. Major concerns include illegal capture and abuse of IoT data which includes users’ activities, personal health or financial information, location of assets (humans, equipment, vehicles, etc.), corporate and personal information.
Industrial IoT (IIoT) is an emerging category of IoT which has been appreciated worldwide for its usability in streamlining business with real time analysis. The devices and things used in IIoT are very special and specific to industry needs. For example, sensors used in oil wells and mines are uniquely processed to adapt and stay working in severe conditions such as high temperature, low pressure, etc.
Similar requirements could be in factories where devices, gateways and sensors will be connected to high temperature boilers to cold cutting machines. In IIoT sensors and devices are attached to many missions’ critical machines or tools that cannot afford to stop working and need to work continuously. These sensors and edge devices are designed in such a way that they should remain unmonitored and away from physical interference for years.
The analyst sees investments associated with securing IoT growing at a rapid pace throughout this decade. Their most recent studies indicate rapidly growing awareness among enterprise, industrial and government sectors about the importance of securing their products and applications from malicious attacks. Moreover, the will and budgetary commitment to take actions is increasing among market leaders.
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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Executive Summary
Companies Mentioned
- Allot
- ARM Holdings
- Armis
- AT&T Cybersecurity
- Broadcom (CA Technologies)
- Centri Technology
- Check Point Software Technologies
- Cisco Systems
- Claroty
- CyberVision
- Digi International
- DigitCert
- Dragos Security
- ForgeRock
- Fortinet
- Gemalto
- IBM Corporation
- Infineon
- Intel Security Group
- Karamba Security
- MagicCube
- Microsoft
- Mocana
- Newsky Internet
- Palo Alto Networks
- Sectigo Limited (Icon Labs)
- Securithings
- Siemens AG
- Symantec
- Trend Micro
- Trustwave Holdings
- VDOO
- Veridify Security
Methodology
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