Global Internet of Things (IoT) Security Market 2015-2018 & 2025 - Surging Demand for Enhanced Privacy is Driving the Market

Dublin, Nov. 16, 2018 (GLOBE NEWSWIRE) -- The "Internet of Things (IoT) Security Market Analysis Report By Component, By Solution, By Services, By Application, By Security Type (Endpoint, Cloud, Network, Application), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global IoT security market size is expected to reach USD 9.88 billion by 2025, progressing at a CAGR of 29.7% during the forecast period.

Surging demand for enhanced privacy is driving the market. Increasing government efforts to implement stringent regulations to restrict the amount of data collected by IoT devices by industries such as BFSI, retail, and healthcare is expected to stimulate the growth of the market.

Safeguarding future of internet connected devices by robustly configuring necessary/next-generation security features and increasing transparency as well as providing consumers with a choice to opt-out of data collection are some of the key factors driving the market over the forecast period.

Increasing use of 3G and 4G long-term evolution (LTE) as well as wireless networks and technologies is augmenting the risk of cyber-attacks. Real-time information and transaction-related information, which are crucial to users, is exchanged through these cellular networks; thereby, giving rise to the need for IoT security. Currently, implementation of the internet is rising exponentially in areas such as health monitors, smart home appliances, smart city projects, and smart retails, which has created the necessity for IoT security.

Adoption of cloud technologies by various organizations for storing confidential data gives rise to risk of unauthorized access to data. Moreover, growing trend of bring your own device (BYOD) is increasing concerns regarding data security. Therefore, several organizations and enterprises demand effective security solutions. Thus, a robust security solution, such as integration of firewalls and data loss prevention with IoT security solutions, strengthens organization posture to face cyber threats.

However, lack of awareness about benefits and availability of IoT security solution is hampering the growth of the market. High cost of installation is also a stumbling stone in the growth of the market. Lack of expertise in technical handling, cling to regulatory compliance, and low budget for implementing new strategies are also some of the factors inhibiting the growth of the market.

Further key findings from the study suggest that:

• The identity & access management solution segment was valued at USD 255.8 million in 2017, registering a healthy CAGR over the forecast period
• The professional service is expected to retain its dominance in the market through 2025 and is projected to reach USD 2.11 billion
• The application security type is anticipated to register the highest CAGR of 33.5% over the forecast period
• The smart home & consumer application segment dominated the market in 2017 and is projected to reach USD 2.93 billion by 2025
• North America was valued at USD 442.4 million in 2017. It is expected to maintain dominance in the market until 2025. The region was followed by Europe, which accounted for a revenue share of 27.4% in 2017
• Asia Pacific is anticipated to witness the highest CAGR of 34.6% over the forecast period
• Some of the key players in the market Cisco Systems Inc.; IBM Corporation; Symantec Corporation; Gemalto NV; and McAfee, LLC.

Key Topics Covered:

Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Purchased Database
1.3 Research Methodology
1.4 Research Scope and Assumptions
1.5 List to Data Sources
1.6 List of Abbreviations

Chapter 2 Objective

Chapter 3 Executive Summary

Chapter 4 Market Definitions
4.1 Market Segmentation

Chapter 5 Industry Outlook
5.1 Market Snapshot
5.2 Global IoT Security Market
5.3 Regional Business Analysis
5.4 Component Business Analysis
5.5 Solution Business Analysis
5.6 Services Business Analysis
5.7 Security Type Business Analysis
5.8 Application Business Analysis
5.9 Value Chain Analysis
5.10 Market Variable Analysis
5.10.1 Driver
5.10.1.1 Increasing number of customers using smart devices
5.10.1.2 Stringent regulatory compliance by government
5.10.2 Restraint
5.10.2.1 Growing incidence of threats
5.11 Business Environment Analysis Tool
5.11.1 IoT Security PEST analysis
5.11.2 IoT Security Porter's Analysis
5.12 Penetration & Growth Prospect Mapping
5.13 Regulatory & Political Forces
5.13.1 List of regulatory factors
5.13.2 Entities engaged in global IoT security efforts
5.13.3 List of standards & protocol
5.13.3.1 List of standards
5.13.3.2 List of protocol

Chapter 6 Competitive & Vendor Landscape
6.1 Market Participants
6.1.1 List of innovators
6.2 Company Market Share Analysis
6.2.1 List of market leaders

Chapter 7 IoT Security Market: Component Segment Analysis
7.1 Solution
7.2 Services

Chapter 8 IoT Security Market: Solution Segment Analysis
8.1 Analytics
8.2 Encryption
8.3 Data Loss Protection
8.4 Identity and Access Management
8.5 Unified Threat Management
8.6 Others

Chapter 9 IoT Security Market: Services Segment Analysis
9.1 Professional Service
9.2 Managed Service

Chapter 10 IoT Security Market: Security Type Segment Analysis
10.1 Application Security
10.2 Cloud Security
10.3 Endpoint Security
10.4 Network Security
10.5 Others Security

Chapter 11 IoT Security Market: Application Segment Analysis
11.1 Healthcare & Life Science
11.2 Infrastructure & Cities
11.3 Industrial System & Sensors
11.4 Smart Home & Consumer
11.5 Transport & Urban Mobility
11.6 Others

Chapter 12 IoT Security Market: Regional Outlook

Chapter 13 Company Profiles

• Cisco
• IBM
• Infineon
• Symantec
• Gemalto
• Trend micro
• Arm holdings
• NXP Semiconductors
• Intel
• Inside secure

For more information about this report visit https://www.researchandmarkets.com/research/nv2gs3/global_internet?w=12

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

                    CONTACT: ResearchAndMarkets.com
                             Laura Wood, Senior Press Manager
                             press@researchandmarkets.com
                             For E.S.T Office Hours Call 1-917-300-0470
                             For U.S./CAN Toll Free Call 1-800-526-8630
                             For GMT Office Hours Call +353-1-416-8900
                    Related Topics: IT Security, Internet of Things and M2M, Home Security and Safety