+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global IoT Security Market, By Component, By Type, By Deployment Mode, By Organization Size, By Application, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • ID: 5585137
  • Report
  • April 2022
  • Region: Global
  • 190 Pages
  • Blueweave Consulting & Research Pvt Ltd

IoT Security Market to Grow at a CAGR of 12.40% in the Forecast Period


The IoT security market is growing at a high CAGR because of the rising adoption of IoT systems among various verticals including manufacturing, logistics, healthcare, government, transportation, etc., along with increasing threats of cyber security and breaches.

This recent study revealed that the global IoT security market was worth USD 15 billion in the year 2021. It is estimated to grow at a CAGR of 12.40%, earning revenue of around USD 61.6 billion by the end of 2028. The IoT security market is flourishing at a high rate owing to the rising adoption of IoT systems among various verticals including manufacturing, logistics, healthcare, government, transportation, etc., along with increasing threats of cyber security and breaches. Furthermore, expanding government investment towards the establishment of smart cities and the increasing need for advanced solutions for boosting protection from potential cyber attacks is anticipated to fuel the market growth in the forecast period.

Rising Demand for Cloud Deployment is Driving IoT Security Market


Based on deployment, the IoT security market is segmented into on-premises and cloud. The cloud-based segment accounted for the largest share in the market in 2021. This type of deployment witnessed the highest growth post the COVID-19 pandemic owing to the higher security and low-cost solutions and services it offers along with real-time detection and security analytics. However, the on-premises segment also covers a substantial market share as some large enterprises opt for this deployment type.

Increasing Adoption of IoT Security among Small and Medium-Sized Enterprises is Propelling the Overall Market Growth


Based on organization size, the IoT security market is segmented into small and medium-sized enterprises and large enterprises. The large organization segment holds the largest market share owing to the high financial capability for the integration of advanced technologies into business operations. However, the small and medium-sized enterprises segment is projected to witness the highest CAGR during the forecast period. The IoT systems are gaining significant traction among SMEs as it allows them to reduce costs, which is estimated to fuel the demand for IoT security.

IoT Security Market - By Application


Based on application, the IoT security market is segmented into smart manufacturing, smart energy and utilities, connected logistics and transportation, smart home and consumer electronics, connected healthcare, smart government and defense, smart retail, and others. The smart manufacturing segment accounts for the largest market share owing to the rising adoption of connected devices and sensors, etc., to increase efficiency, reduce errors, along with leveraging on the benefits of predictive maintenance. Therefore, various leading manufacturers are investing in IoT technology, which is anticipated to boost the growth of the IoT security market in the forecast period.

IoT Security Market - Regional Insights


Geographically, the IoT security market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America dominates the IoT security market. However, the Asia-Pacific region is projected to witness the highest growth rate during the forecast period. Countries such as China, India, Japan, etc., are emerging as manufacturing hubs with China already dominating the market. The leading manufacturers in this region are investing in the adoption of IoT systems to boost their business efficiency, which is anticipated to drive the IoT security market in the forecast period.

Impact of COVID-19 on IoT Security Market


The IoT security market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. The lockdown imposed by the countries to mitigate the virus spread resulted in restrictions on the manufacturing and supply chains of various end-user industries including manufacturing, logistics, transportation, energy, etc. Furthermore, the supply of IoT sensors and components was also halted due to a shortage of semiconductor chips which obstructed the adoption of IoT systems in the business. All these factors contributed to the hindrance in the overall growth of the IoT security market.

Competitive Landscape


The leading market players of the IoT security market are Microsoft Corporation, Amazon Web Services, Entrust Corp., Google, Kaspersky Lab, IBM Corporation, Palo Alto, Intel Corporation, Mocana, Cisco Systems, Inc., Happiest Minds, Telefonaktiebolaget LM Ericsson, Fortinet, Thales Group, Check Point Software Technologies, Allot Ltd., Infineon Technologies AG, MagicCube, Inc., Forgerock, and other prominent players.

The market is highly fragmented due to the presence of several global and regional industry players. However, multinational conglomerates such as Google, IBM, Cisco, still dominate a major portion of the market. The companies significantly focus on boosting their security and often launch innovative solutions and services to expand their market presence. The adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Don’t miss the business opportunity of the IoT security market. Consult the report to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the IoT security market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the IoT security market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.


This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global IoT Security Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape/Recent Development
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Global IoT Security Market Overview
5.1. Market Size & Forecast by Value, 2018-2028
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Component
5.2.1.1. Solutions
5.2.1.2. Services
5.2.2. By Type
5.2.2.1. Network Security
5.2.2.2. Endpoint Security
5.2.2.3. Application Security
5.2.2.4. Cloud Security
5.2.2.5. Other Security Type
5.2.3. By Deployment Mode
5.2.3.1. Cloud
5.2.3.2. On-premises
5.2.4. By Application Area
5.2.4.1. Smart Manufacturing
5.2.4.2. Smart Energy and Utilities
5.2.4.3. Connected Logistics
5.2.4.4. Smart Home and Consumer Electronics
5.2.4.5. Connected Healthcare
5.2.4.6. Smart Government and Defense
5.2.4.7. Smart Retail
5.2.4.8. Other Application Areas
5.2.5. By Organization Size
5.2.5.1. Large enterprises
5.2.5.2. Small and medium-sized enterprises (SMEs)
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. The Asia Pacific
5.2.6.4. Latin America
5.2.6.5. The Middle East and Africa
6. North America IoT Security Market
6.1. Market Size & Forecast by Value, 2018-2028
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Type
6.2.3. By Deployment Mode
6.2.4. By Application area
6.2.5. By Organization Size
6.2.6. By Country
6.2.6.1. United States
6.2.6.2. Canada
7. Europe IoT Security Market
7.1. Market Size & Forecast by Value, 2018-2028
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Type
7.2.3. By Deployment Mode
7.2.4. By Application area
7.2.5. By Organization Size
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. United Kingdom
7.2.6.3. Italy
7.2.6.4. France
7.2.6.5. Spain
7.2.6.6. Rest of Europe
8. The Asia Pacific IoT Security Market
8.1. Market Size & Forecast by Value, 2018-2028
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Type
8.2.3. By Deployment Mode
8.2.4. By Application area
8.2.5. By Organization Size
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. South Korea
8.2.6.5. Rest of Asia Pacific
9. Latin America IoT Security Market
9.1. Market Size & Forecast by Value, 2018-2028
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Type
9.2.3. By Deployment Mode
9.2.4. By Application area
9.2.5. By Organization Size
9.2.6. By Country
9.2.6.1. Brazil
9.2.6.2. Mexico
9.2.6.3. Rest of Latin America
10. The Middle East & Africa IoT Security Market
10.1. Market Size & Forecast by Value, 2018-2028
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.3. By Component
10.4. By Type
10.5. By Deployment Mode
10.6. By Application area
10.7. By Organization Size
10.7.1. By Country
10.7.1.1. Saudi Arabia
10.7.1.2. UAE
10.7.1.3. South Africa
10.7.1.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of Covid-19 on Global IoT Security Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
13.1. Google
13.2. Microsoft
13.3. IBM
13.4. AWS
13.5. Intel
13.6. Cisco
13.7. Ericsson
13.8. Thales
13.9. Allot
13.10. Infineon
13.11. Atos
13.12. Magiccube
13.13. Dragos Security
13.14. Claroty
13.15. Karamba Security
13.16. Vdoo (JFrog)
13.17. Forgerock
13.18. Entrust
13.19. Other prominent players
14. Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Global IoT Security Market Segmentation
Figure 2 Global IoT Security Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global IoT Security Market Size, By Value (USD Million), 2018-2028
Figure 5 Global IoT Security Market Share, By Component, By Value, 2018-2028
Figure 6 Global IoT Security Market Share, By Type, By Value, 2018-2028
Figure 7 Global IoT Security Market Share, By Deployment Mode, By Value, 2018-2028
Figure 8 Global IoT Security Market Share, By Application Area, By Value, 2018-2028
Figure 9 Global IoT Security Market Share, By Organization Size, By Value, 2018-2028
Figure 10 Global IoT Security Market Share, By Region, By Value, 2018-2028
Figure 11 North America IoT Security Market Size, By Value (USD Million), 2018-2028
Figure 12 North America IoT Security Market Share, By Component, By Value, 2018-2028
Figure 13 North America IoT Security Market Share, By Type, By Value, 2018-2028
Figure 14 North America IoT Security Market Share, By Deployment Mode, By Value, 2018-2028
Figure 15 North America IoT Security Market Share, By Application Area, By Value, 2018-2028
Figure 16 North America IoT Security Market Share, By Organization Size, By Value, 2018-2028
Figure 17 North America IoT Security Market Share, By Country, By Value, 2018-2028
Figure 18 Europe IoT Security Market Size, By Value (USD Million), 2018-2028
Figure 19 Europe IoT Security Market Share, By Component, By Value, 2018-2028
Figure 20 Europe IoT Security Market Share, By Type, By Value, 2018-2028
Figure 21 Europe IoT Security Market Share, By Deployment Mode, By Value, 2018-2028
Figure 22 Europe IoT Security Market Share, By Application Area, By Value, 2018-2028
Figure 23 Europe IoT Security Market Share, By Organization Size, By Value, 2018-2028
Figure 24 Europe IoT Security Market Share, By Country, By Value, 2018-2028
Figure 25 The Asia-Pacific IoT Security Market Size, By Value (USD Million), 2018-2028
Figure 26 The Asia-Pacific IoT Security Market Share, By Component, By Value, 2018-2028
Figure 27 The Asia-Pacific IoT Security Market Share, By Type, By Value, 2018-2028
Figure 28 The Asia-Pacific IoT Security Market Share, By Deployment Mode, By Value, 2018-2028
Figure 29 The Asia-Pacific IoT Security Market Share, By Application Area, By Value, 2018-2028
Figure 30 The Asia-Pacific IoT Security Market Share, By Organization Size, By Value, 2018-2028
Figure 31 The Asia-Pacific IoT Security Market Share, By Country, By Value, 2018-2028
Figure 32 Latin America IoT Security Market Size, By Value (USD Million), 2018-2028
Figure 33 Latin America IoT Security Market Share, By Component, By Value, 2018-2028
Figure 34 Latin America IoT Security Market Share, By Type, By Value, 2018-2028
Figure 35 Latin America IoT Security Market Share, By Deployment Mode, By Value, 2018-2028
Figure 36 Latin America IoT Security Market Share, By Application Area, By Value, 2018-2028
Figure 37 Latin America IoT Security Market Share, By Organization Size, By Value, 2018-2028
Figure 38 Latin America IoT Security Market Share, By Country, By Value, 2018-2028
Figure 39 The Middle East & Africa IoT Security Market Size, By Value (USD Million), 2018-2028
Figure 40 The Middle East & Africa IoT Security Market Share, By Component, By Value, 2018-2028
Figure 41 The Middle East & Africa IoT Security Market Share, By Type, By Value, 2018-2028
Figure 42 The Middle East & Africa IoT Security Market Share, By Deployment Mode, By Value, 2018-2028
Figure 43 The Middle East & Africa IoT Security Market Share, By Application Area, By Value, 2018-2028
Figure 44 The Middle East & Africa IoT Security Market Share, By Organization Size, By Value, 2018-2028
Figure 45 The Middle East & Africa IoT Security Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1 Global IoT Security Market Size, By Component, By Value, 2018-2028
Table 2 Global IoT Security Market Size, By Type, By Value, 2018-2028
Table 3 Global IoT Security Market Size, By Deployment Mode, By Value, 2018-2028
Table 4 Global IoT Security Market Size, By Application Area, By Value, 2018-2028
Table 5 Global IoT Security Market Size, By Organization Size, By Value, 2018-2028
Table 6 Global IoT Security Market Size, By Region, By Value, 2018-2028
Table 7 North America IoT Security Market Size, By Component, By Value, 2018-2028
Table 8 North America IoT Security Market Size, By Type, By Value, 2018-2028
Table 9 North America IoT Security Market Size, By Deployment Mode, By Value, 2018-2028
Table 10 North America IoT Security Market Size, By Application Area, By Value, 2018-2028
Table 11 North America IoT Security Market Size, By Organization Size, By Value, 2018-2028
Table 12 North America IoT Security Market Size, By Country, By Value, 2018-2028
Table 13 Europe IoT Security Market Size, By Component, By Value, 2018-2028
Table 14 Europe IoT Security Market Size, By Type, By Value, 2018-2028
Table 15 Europe IoT Security Market Size, By Deployment Mode, By Value, 2018-2028
Table 16 Europe IoT Security Market Size, By Application Area, By Value, 2018-2028
Table 17 Europe IoT Security Market Size, By Organization Size, By Value, 2018-2028
Table 18 Europe IoT Security Market Size, By Country, By Value, 2018-2028
Table 19 The Asia-Pacific IoT Security Market Size, By Component, By Value, 2018-2028
Table 20 The Asia-Pacific IoT Security Market Size, By Type, By Value, 2018-2028
Table 21 The Asia-Pacific IoT Security Market Size, By Deployment Mode, By Value, 2018-2028
Table 22 The Asia-Pacific IoT Security Market Size, By Application Area, By Value, 2018-2028
Table 23 The Asia-Pacific IoT Security Market Size, By Organization Size, By Value, 2018-2028
Table 24 The Asia-Pacific IoT Security Market Size, By Country, By Value, 2018-2028
Table 25 Latin America IoT Security Market Size, By Component, By Value, 2018-2028
Table 26 Latin America IoT Security Market Size, By Type, By Value, 2018-2028
Table 27 Latin America IoT Security Market Size, By Deployment Mode, By Value, 2018-2028
Table 28 Latin America IoT Security Market Size, By Application Area, By Value, 2018-2028
Table 29 Latin America IoT Security Market Size, By Organization Size, By Value, 2018-2028
Table 30 Latin America IoT Security Market Size, By Country, By Value, 2018-2028
Table 31 The Middle East & Africa IoT Security Market Size, By Component, By Value, 2018-2028
Table 32 The Middle East & Africa IoT Security Market Size, By Type, By Value, 2018-2028
Table 33 The Middle East & Africa IoT Security Market Size, By Deployment Mode, By Value, 2018-2028
Table 34 The Middle East & Africa IoT Security Market Size, By Application Area, By Value, 2018-2028
Table 35 The Middle East & Africa IoT Security Market Size, By Organization Size, By Value, 2018-2028
Table 36 The Middle East & Africa IoT Security Market Size, By Country, By Value, 2018-2028
Table 37 Google Company Overview
Table 38 Google Financial Overview
Table 39 Microsoft Company Overview
Table 40 Microsoft Financial Overview
Table 41 AWS Company Overview
Table 42 AWS Financial Overview
Table 43 Intel Company Overview
Table 44 Intel Financial Overview
Table 45 Ericsson Company Overview
Table 46 Ericsson Financial Overview
Table 47 Allot Company Overview
Table 48 Allot Financial Overview
Table 49 Infineon Company Overview
Table 50 Infineon Financial Overview
Table 51 Atos Company Overview
Table 52 Atos Financial Overview
Table 53 Magiccube Company Overview
Table 54 Magiccube Financial Overview
Table 55 Dragos Security Company Overview
Table 56 Dragos Security Financial Overview
Table 57 Claroty Company Overview
Table 58 Claroty Financial Overview
Table 59 Karamba Security Company Overview
Table 60 Karamba Security Financial Overview
Table 61 Vdoo (JFrog) Company Overview
Table 62 Vdoo (JFrog) Financial Overview
Table 63 Forgerock Company Overview
Table 64 Forgerock Financial Overview
Table 65 Entrust Company Overview
Table 66 Entrust Financial Overview
Note: Product cover images may vary from those shown

Loading
LOADING...