IOT Security Market to grow at 31.2% CAGR
According to a new market report published by The Research Industry?"IOT Security Маrkеt by Component (Solution, Service), Deployment Type (Cloud, On-premise), Solution, Security Type (Network Security, End-point Security, Application Security, Cloud Security and Others), Application, Enterprise, Region (Asia Pacific, Europe, North America, South America, Middle East & Africa) – Global Forecast to 2027” is expected to grow at a CAGR of 31.2%.
Market Drivers & Opportunities
Rising adoption of IOT Systems among several verticals like healthcare, transportation, government, logistics and manufacturing is one of the major factors driving the market growth. Further, growing number of Industry 4.0 Iot Security incidents has stressed on the need to strengthen cyber resilience, increasing number of IOT Security regulations, growing security concerns for critical infrastructure are other factors driving the market growth. Moreover, rising data volume due to 5G, standardization of IPv6 and IOT vulnerabilities opening up new possibilities for hackers are other factors driving the market growth.
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Large Enterprise accounts for the largest market share during the forecast period (2022 – 2027)
IOT Security Market in our report by Enterprise has been categorized?into Small and medium-sized enterprises and large enterprises. Among them, Large organization segment holds the largest market share during the forecast period. Growth of the segment is attributed to the high financial capability for the integration of advanced technologies into business operations. Moreover, SME and medium-sized enterprises are projected to witness the highest CAGR during the forecast period.
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Asia Pacific Region is expected to have the highest growth during the forecast period (2022 – 2027)
Asia Pacific is expected to have the highest growth of the market over the forecast period. Growth of the market is attributed to growing requirements for quick computing, virtualized environments, analytics, security, digitalization, and high-volume networking, rising government initiatives?and growing overall internet speed and responsiveness are the major factors driving the IoT security market growth in this region.
Key Market Players
The major players in the Verizon Enterprises Solutions, PTC Inc., Check Point Security Software Technologies Ltd., Symantec Corporation, Cisco Systems Inc., Gemalto NV, IBM Corporation, Trend Micro Inc., Hewlett Packard Development Company L.P., Intel Corporation, NSIDE Secure SA, AT&T Inc., among others domestic and global players.
The study includes an in-depth competitive analysis of these key players in the Commercial Vehicles market with their company profiles, recent developments, and key market strategies.
IOT Security Market Segmentation
IOT Security Market,?by Component
领英推荐
IOT Security Market,?by Deployment Type
IOT Security Market,?by Enterprise
IOT Security Market,?by Application
IOT Security Market,?by Security Type
IOT Security Market,?by Solution
IOT Security Market,?by Region
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