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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
IoT Security Market Analysis
Based on components, the market can be segmented into solutions and services. The solution segment can be further divided by type into identity access and management, data encryption and tokenisation, device management, security analytics, and unified threat management (UTM), among others. The service segment can be divided by type into professional and managed security services. Based on the deployment mode, it can be bifurcated into on-premises and cloud-based. Based on security type, the market can be bifurcated into network security, endpoint security, application security, and cloud security, among others.
Based on organisation size, the market can be divided into small and medium-sized enterprises and large enterprises. Based on the end-user industry, the market can be segmented into manufacturing, IT and telecommunication, BFSI, government and defence, transportation and automotive, energy and utilities, among others.
The regional markets for the IoT security market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IoT security market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
IoT Security Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for IoT security reached a size of USD 21.23 billion in 2023.
The market is expected to grow at a CAGR of 21.80% during the forecast period of 2024-2032.
The market is expected to reach a value of USD 125.27 billion by 2032.
The market growth is driven by the growing penetration of technology and high-speed network, and as the network expands the demand for IoT security services will surge.
The growing development of blockchain can provide new development opportunities to the market and the implementation of advanced technologies such as artificial intelligence, and machine learning can significantly improve the market.
The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The components available in the market include solutions and services.
The deployment modes in the market include on-premises and cloud-based.
The security types in the market include network security, endpoint security, application security, and cloud security, among others.
The different organization sizes operating in the market include small and medium-sized enterprises and large enterprises.
The end-user industries that utilise IoT security solutions include manufacturing, IT and telecommunication, BFSI, government and defence, transportation and automotive, healthcare, energy and utilities, among others.
The key players in the market include Microsoft Corporation, Optiv Security Inc., Intel Corporation, Cisco System Inc., Palo Alto Networks, Fortinet, Inc., and IBM Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124