"The Report Global
Internet of Things Security Market 2017-2021 provides information on
pricing, market analysis, shares, forecast, and company profiles for
key industry participants. - MarketResearchReports.biz"
The
new report added to MarketResearchReports.biz evaluates the present
scenario and growth prospects of the global Internet of Things
security market. The report provides a summary of the market
landscape and key vendors and discusses the main drivers and
restraints of market growth. The report, titled ‘Global
Internet of Things Security Market 2017-2021’,
predicts the market to grow at a CAGR of 47.91% from 2017 to 2021.
The
growing use of Internet of Things (IoT) and increased dependency on
it has called for measures to provide security from cyber criminals
and various other cyber threats. Several industries, retail stores,
manufacturing units, and healthcare organizations depend on IoT to
keep their data and data transfers secure and confidential. To
provide a secure, convenient, and relaxed lifestyle to people,
developments are underway to better the global IoT security market.
The
global IoT security market is primarily driven by high adoption of
cloud-based services. Authentication processes, modern video
management systems, and storage of biometric information are boosting
the demand for cloud-based services. In addition, banks and
healthcare organizations are shifting from traditional methods of
storing confidential data towards cloud technology, thereby driving
the market for global IoT security.
On
the basis of network security component, the global IoT security
market is segmented into services, software, and hardware. The IoT
security hardware segment has largely contributed to the market
during 2016; however, this segment will witness a substantial fall in
terms of share due to expensive implementation, replacement, and
updates of the component.
The
end user segment of the global IoT security market is presently
dominated by the industrial sector. The segment growth can be
attributed to the use of IoT technology in process control,
maintenance, asset location, manufacturing execution system (MES),
and smart agriculture and farming.
Geographically,
the global IoT security market is dominated by North America owing to
the high concentration of automobile manufacturers, growing demand
for electronic consumer goods, and rising presence of IoT vendors
that provide IoT security solutions to these industries. On the
contrary, this region is expected to lose ground during the forecast
period as numerous industries are shifting towards other technologies
such as integration of biometrics for authentication with IoT
devices.
Small
and medium sized enterprises are implementing IoT security solutions
for the efficient and secure functioning of utilities like energy
management are expected to make Asia Pacific the regional market
leader over the forecast period.
View
Press Release @
http://www.marketresearchreports.biz/pressrelease/3801
The
global IoT security market is fragmented with the presence of a large
number of small regional as well as multinational vendors across the
globe. The key players operating in the global IoT security market
include Wurldtech Security Technologies, Secure Crossing, Infineon
Technologies, Sierra Wireless, Palo Alto Networks, Digi
International, Cisco, Ericsson, Kore Wireless, Tofino, Rockwell
Automation, Symantec, Systech Solutions, Cypress, Eurotech, NetComm
Wireless, Ventus Wireless, and IBM.
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