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Internet of Things Security Market by End-user and Geography - Forecast 2020

Posted by sarahbennu on May 21st, 2020

The internet of things (IoT) security market and it is poised to grow by USD 80.94 billion during 2020-2024, progressing at a CAGR of almost 37% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allot Ltd., Broadcom Inc., CENTRI Technology Inc., Cisco Systems Inc., Fortinet Inc, Gemalto NV, Infineon Technologies AG, Intel Corp, International Business Machines Corp, and Mocana Corp. are some of the major market participants. The increasing incidence of cyberattacks will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing incidence of cyberattacks has been instrumental in driving the growth of the market.

Internet of Things (IoT) Security Market 2020-2024: Segmentation

Internet of Things (IoT) Security Market is segmented as below:

  • End-user

o    Industrial Sector

o    Commercial Sector

o    Consumer Sector

  • Geography

o    North America

o    Europe

o    APAC

o    MEA

o    South America

 

Internet of Things (IoT) Security Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our internet of things (IoT) security market report covers the following areas:

  • Internet of Things (IoT) Security Market Size
  • Internet of Things (IoT) Security Market Trends
  • Internet of Things (IoT) Security Market Industry Analysis

This study identifies growing adoption of cloud-based services as one of the prime reasons driving the internet of things (IoT) security market growth during the next few years.

Internet of Things (IoT) Security Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the internet of things (IoT) security market, including some of the vendors such as Allot Ltd., Broadcom Inc., CENTRI Technology Inc., Cisco Systems Inc., Fortinet Inc, Gemalto NV, Infineon Technologies AG, Intel Corp, International Business Machines Corp, and Mocana Corp. Backed with competitive intelligence and benchmarking, our research reports on the internet of things (IoT) security market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Also See: Security Market, 2020 2024, Market 2020, Usd 80, Things, Security, Market

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