The global IoT security market is expected to reach a market size of USD 88.09 Billion by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. Increasing number of malware and ransomware attacks and development and deployment of more efficient solutions is expected to drive growth of the global IoT security market growth to a significant extent during the forecast period. Increasing regulations for IoT security is expected to further propel the global IoT security market growth over the forecast period. Rising emphasis among governments of developing countries for development of smart cities is also expected to boost growth of the global IoT security market during the forecast period.

The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the IoT Security market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the IoT Security market landscape.

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Key companies operating in the IoT Security market include:

International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Siemens AG, Infineon Technologies AG, Broadcom Inc., Fortinet Inc., Palo Alto Networks, Inc., Mocana Corporation, and Karamba Security Ltd

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global IoT Security market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global IoT Security Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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IoT Security Market Segmentation:

• Type Outlook (Revenue, USD Billion; 2021–2028)

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

• Component Outlook (Revenue, USD Billion; 2021–2028)

  • Services
    1. Managed Services
    2. Professional Services
  • Solutions
    1. Encryption
    2. Unified Threat Management
    3. Analytics
    4. Identity & Access Management
    5. Data Loss Protection
    6. Others

• End-use Outlook (Revenue, USD Billion; 2021–2028)

  • Retail
  • Manufacturing
  • Defense
  • Government
  • Consumer Electronics
  • Energy & Utilities
  • Logistics & Transportation
  • Others

IoT Security Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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More Related Reports By Emergen Research

•  IoT Security Market Size
•  IoT Security Market Share
•  IoT Security Market Trends
•  IoT Security Regional Market Demand
•  IoT Security Market Analysis
•  IoT Security Market Top Companies
•  IoT Security Market News
•  IoT Security Market Executive Summary

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