According to the latest market research report released by Technavio, the global internet of things security market is expected to accelerate at a CAGR close to 49% during the forecast period. Increased spending on IoT security is one of the key factors triggering the growth of the market.
This research report titled ˜Global Internet of Things Security Market 2018-2022 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global internet of things security market into the following end-users:
- Industrial sector
- Commercial sector
- Consumer sector
In 2017, the industrial sector segment accounted for 42% of the global market and is projected to decline to 40% by 2022, exhibiting almost 2% decrease in market share.
Global internet of things security market: Top emerging trend
Technological advances in IoT security is an emerging trend in the internet of things security market space. Various technological advances in the global IoT industry, coupled with the evolving nature of attacks are resulting in the development of advanced technologies and applications for implementations in the IoT security industry. Companies are increasingly vouching for the implementation and use of AI and big data in the global IoT security market as they can detect any intrusion and take appropriate counter measures against cyber-attacks. In addition to AI and big data, companies are also vouching for Blockchain, Software Defined Networks along with other technologies such as Edge Computing and Digital Twin Technology. Therefore, with such technological advances, the market is expected to witness a positive outlook during the forecast period.
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Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavios report provides expert market research on the following topics:
- Market Outline
- Global Internet of Things Security Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, EMEA)
- Key leading countries
- Market segmentation by end-user (industrial sector, commercial sector, consumer sector)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Cisco Systems, IBM, Infineon Technologies, Intel, and Symantec)
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