Iot Security Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global IoT security market size was valued at $8,472.19 million in 2018 and is expected to reach $73,918.82 million by 2026, with an annual average growth of 31% from 2021 to 2027. IoT security market trends include an increase in the number of ransomwares Attacks on various IoT devices. The growth of the market is accelerating as IoT security regulations increase in developing countries and malware and phishing threats increase from enterprise to enterprise. However, budget constraints and expensive IoT security solutions between organizations hinder the growth of the market. In addition, the demand for IoT security solutions is increasing rapidly, and the adoption of IoT security solutions in various developing countries is expected to present major opportunities for market expansion in the future.

Iot Security Market: Segmentation

By Component

• Solution
• Service

By Deployment Mode

• On-Premise
• Cloud

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By Product Type 

• Device Authentication & Management
• Identity Access & Management
• Intrusion Detection System & Intrusion Prevention System
• Data Encryption & Tokenization 
• Others

By Security Type

• Network Security
• Endpoint Security
• Application Security
• Cloud Security 
• Others 

By Industry Vertical

• Manufacturing
• Retail & E-Commerce
• Government & Defense
• Transportation & Logistics
• Energy & Utilities
• Healthcare 
• Others

Key Market Players

• IBM Corporation
• Intel Corporation
• Infineon Technologies AG
• Cisco Systems Inc.
• Broadcom
• Gemalto NV
• Fortinet Inc.
• SecuriThings
• Palo Alto Networks Inc. 
• Trend Micro Incorporated

Scope of the Report

The research study analyses the global IoT Security industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume