IoT Security Market – Opportunities & Forecast, 2020-2027

The IoT security market report, published by GMI Research, provides extensive insight and analysis of the IoT security market over the forecast period (2020-2027). The report primarily focuses on the key business financials, product portfolio, expansion strategies, and recent developments in the IoT security market. The research report also studies the competitive environment of the IoT security market based on the company profiles and their efforts on increasing product value and production.

Leading Players in the IoT Security Market

The notable players in the IoT Security market include Macafee LLC, Trustwave, Infineon Technologies, IBM Cooperation, Symantec Corporation, PTC, Inc, Juniper Networks Inc., Cisco Systems, Inc, Verizon Enterprise Solutions, Check Point Security Software Technologies Ltd., Gemalto NV, and AT&T, Inc., among others

Key Drivers in the IoT Security Market

The key drivers contributing to the growth of the IoT security market, including the strong demand for IoT enabled devices, increasing number of cyber-attacks, and the accelerating adoption of cloud technologies by organizations. For instance, the growing trends of Bring Your Own Device (BYOD), which increases concerns about data security, because individuals are using different devices in their workplace, which is rising the threat of data loss. Due to this, the organizations are focusing on the Internet of Things (IoT) security-enabled devices.

On the other hand, the lack of awareness about benefits, the easy availability of security methods, and the high costs of installation are likely to hamper the growth of the Internet of Things (IoT) security market.

Market Segmentation

IoT Security Market by Security Type:

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

IoT Security Market by Solutions:

  • Security Analytics
  • Data Encryption
  • Identity Access Management (IAM)
  • Unified Threat Management
  • Intrusion Detection Systems
  • Others

IoT Security Market by Services:

  • Professional
  • Managed

IoT Security Market by End User:

  • Healthcare
  • Retail
  • Financial and Insurance Services
  • IT & Telecom
  • Government and Defence
  • Other

IoT Security Market by Region:

  • North America

o   United States of America

o   Canada

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.


What do you think?


Written by Sophia Jonson

Content AuthorYears Of Membership

Leave a Reply