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Global Internet of Things (IoT) Security Market: Know Major Reasons for Rise in Recent Period by Top Companies like- Check Point Software Technologies Ltd , Trend Micro, Inc , PTC,Inc , Gemalto NV , Sophos Group PLC., And Others.

Market Definition: Internet of Things (IoT) Security Market

The global internet of things (IoT) security market accounted for USD 6.62 billion in 2016 growing at a CAGR of 35.52% during the forecast period of 2019 to 2026.

The market report focuses on current market status, regional, national and international level market and in-depth study report that offers granular analysis of the market share, manufacturers, product type, applications, technological advancement, and geographic regions. Market basic factors covered in this report includes: Market overview, definitions, and classifications, and industry chain overview. The report predicts future market orientation for the forecast period from 2019 to 2026 with the help of past and current market values.

IoT security is the area connected with safeguarding connected devices networks in the IoT. IoT security has led to re-engineer the authentication and authorization for the new and improved IoT connected world. It also requires a degree of user-intervention in terms of configuration and provisioning.

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Finally, the report features business strategy of industry key players along with their strengths and weaknesses. Various regulatory organizations were used as a data sources during the report development. The report was prepared using exclusive research on built up and developing market players. The report helps the consumer and other firms by providing a comprehensive examination using which they can organize a full-fledged plan for the upcoming period.

Key Market Competitors: Internet of Things (IoT) Security Market

Few of the major competitors are Geographic Revenue Mix , Cisco Systems, Inc , BM Corporation , Infineon Technologies , Intel Corporation, Symantec Corporation , Arm Holdings PLC , Check Point Software Technologies Ltd , Trend Micro, Inc , PTC,Inc , Gemalto NV , Sophos Group PLC , Inside Secure , Wurldtech Security Technologies Inc, and others.

The market research report is a ‘dashboard view’ of the organizations’ current industrial situation and their commitment to the complete market. The report essentially intended to furnish customers with a goal and nitty-gritty appraisal of key suppliers explicit to a market section. The report recognizes and assesses key contenders dependent on the top to bottom evaluation of their abilities and achievement in the industry. Key advancements in the market, for example, joint efforts, extension, mergers and acquisitions, new requests, item dispatches, and grants and acknowledgment for organizations working in the market has been included in this report.

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Major Market Drivers & Restraints are as follows:

  • Increasing need for data-centric security
  • Increase in risk-based adaptive security for IoT ecosystem
  • Increasing ransomware attacks on IoT systems
  • Securing ubiquitous environment
  • Physical restraint of IoT devices
  • Endless variety of IoT applications

Market Segmentation:  Internet of Things (IoT) Security Market

The global internet of things (IoT) security market is segmented on the basis of component into Services, Solutions.

On the basis of type, the global internet of things (IoT) security market is further segmented into network security, endpoint security, application security, cloud security.

On the basis of solution, the global internet of things (IoT) security market is segmented into identity access management, data encryption and tokenization, intrusion detection system/intrusion prevention system, device authentication and management, secure software and firmware update, secure communications, PKI lifecycle management, distributed denial of service protection, security analytics.

On the basis of service, the global internet of things (IoT) security market is segmented into professional services, and managed services. The professional services is further sub segmented into integration services, support and maintenance, and consulting services

On the basis of application, the global internet of things (IoT) security market is segmented into smart manufacturing, smart energy and utilities, connected logistics, consumer wearables, connected healthcare, smart government and defense, connected vehicles, smart retail, and others.

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Company Analysis:

The report for global internet of things (IoT) security market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

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