The main driving force behind the IoT security market is the growing adoption of cloud – based services, as well as the growing number of connected devices.
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According to a new market research report published by Credence Research, “The global IoT Security market is expected to reach US$ 36.45 Bn worldwide by 2026“. Internet of Things security ( IoT ) is defined as any element that provides protection for IoT solutions for physical or virtual damage to one or one of the following layers of devices, communications, cloud and life cycle management. Internet of Things security ( IoT ) has become one of the most targeted areas for consumers, businesses and regulators in the 21st century. The focus is mainly on the rise of internet – connected IoT devices and the emergence of new threats and attacks. By 2020, the number of connected devices is expected to reach 50 billion people, and this will constitute both human interaction with machines and other machines ( M2M).
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The main driving force behind the IoT security market is the growing adoption of cloud – based services, as well as the growing number of connected devices. Cloud – based services are used to authenticate data to store biometric information. With the increasing use of cloud – based data storage technologies, the need for appropriate security to protect the stored data from unauthorised access is also necessary. Another important factor driving the internet of things security market is the growing popularity of social media platforms, which have increased the risk of identity and data theft. The factor has been strongly influenced by the increasing use of multiple devices to access a single user account. The global IoT security market is divided into categories of security types, solutions and verticals. Depending on the type of security, the market is divided into devices, cloud and network security.
In 2017, ransom was still the main threat, and Petya and WannaCry’s attacks were taking over the world.
Mobile malware is also constantly increasing, and the number of new versions has risen by about 55 percent in 2017 compared to 2016. As cyber threats grow, the problem is being exploited by many consumers and businesses, who continue to use older operating systems. These figures highlight the need for companies to protect all endpoints.
Companies often do not have control over the source and nature of software and hardware used by intelligent connected devices that stimulate the demand for IoT Security products and increase the market size of the internet of things over time.
The growing demand for tools and services is expected to improve discovery and asset management, evaluation of software and hardware security and penetration tests. In addition, organizations will seek to gain greater understanding of the consequences of network connectivity outsourcing.
Based on the type of solution, the market is segmented into the IPS ( IPS ) and the defence System of intrusions ( IDS ), Identity Management, Data Loss Protection ( DLP ), SVM, Unified Threat Management ( UTM ), Network Security and Vulnerability Management. The market is divided into vertical categories into production, health care, utilities, retail, banking, financial and insurance ( BFSI ), government and more.
Key Trends
Significant number of acquisitions, often involving big players such as Qualcomm, Google, Samsung, Intel, Gemalto and others
Use of public key infrastructure (PKI’s) and digital certificates to onboard a new device into the network and local IoT ecosystem
There may be a need for regulation of IoT device security in coming years
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ToC:
Chapter 1 Preface
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Chapter 2 Executive Summary
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Chapter 3 Market Dynamics
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Chapter 4 Global Internet of Things (IoT) Security Market Analysis, by Security Type
4.1 Market Analysis
4.2 Device
4.3 Cloud Infrastructure
4.4 Network
Chapter 5 Global Internet of Things (IoT) Security Market Analysis, by Solution Type
5.1 Market Analysis
5.2 Intrusion Prevention System (IPS)/ Intrusion Defense Systems (IDS)
5.3 Identity Access Management (IAM)
5.4 Data Loss Protection (DLP)
5.5 Security & Vulnerability Management (SVM)
5.6 Unified Threat Management (UTM)
5.7 Network Security Forensics (NSF)
5.8 Security Analytics
5.9 Others
Chapter 6 Global Internet of Things (IoT) Security Market Analysis, by Vertical
6.1 Market Analysis
6.2 Manufacturing
6.3 Healthcare
6.4 Utilities
6.5 Retail
6.6 Banking, Financial Services and Insurance (BFSI)
6.7 Government
6.8 Others
Chapter 7 North America Internet of Things (IoT) Security Market Analysis
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Chapter 8 Europe Internet of Things (IoT) Security Market Analysis
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Chapter 9 Asia Pacific Internet of Things (IoT) Security Market Analysis
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Chapter 10 Rest of the World (RoW) Internet of Things (IoT) Security Market Analysis
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Chapter 11 Company Profiles
11.1 Verizon Enterprises Solutions
11.2 PTC, Inc.
11.3 Check Point Security Software Technologies Ltd.
11.4 Symantec Corporation
11.5 Cisco Systems, Inc.
11.6 Gemalto NV
11.7 IBM Corporation
11.8 Trend Micro, Inc.
11.9 Hewlett Packard Development Company L.P.
11.10 Intel Corporation
11.11 NSIDE Secure SA
11.12 AT&T, Inc.
Full Report: https://www.credenceresearch.com/report/internet-of-things-iot-security-market
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