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Internet of Things (IoT) Security include both network and physical devices security. It protects internet-enabled devices that connect to each other on wireless networks.
Global IoT Security Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global IoT Security market, which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global IoT Security Market Analysis, 2020”, the Global IoT Security market is anticipated to grow at a CAGR of around 25% during 2020-25F. Based on Component, Solutions segment to account for a higher market share in 2019 on an account of growing awareness regarding IoT security solutions benefits and burgeoning cyberattacks and security breaches in IT enterprises, and personal data. In order to overcome the issues related to the types of security such as network security, cloud security, and end-point security etc., vendors are coming up with the solutions specific to tackle issues related to different type of security.
Cloud Security Acquired the Substantial Share
Based on Type, Cloud Security acquired the substantial market share in the Global IoT market in 2019. IoT needs a certain level of security to lessen data breach, thus it requires cloud solution for the computing resources. Cloud security is used to controls and protect the data, application, and infrastructure of the companies. Due to the rising adoption of cloud-based solutions among the enterprise for securing data along with a secure connectivity between IoT devices and the cloud, the demand cloud-security is increasing among enterprises. Hence, this is placing a positive impact for the growth of the IoT Security market globally in the near future as stated in the MarkNtel Advisors’ research report “Global IoT Security Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global IoT Security market include Cisco, Broadcom, Gemalto (Thales Group), Infineon, Verimatrix (Inside Secure), Allot, NXP Semiconductor, Fortinet, Cyber Xs, Palo Alto Network, Trend Micro etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global IoT Security Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global IoT Security Market during 2020-25?
A. The growth rate of Global IoT Security Market during 2020-25 is forecast to be grow at a CAGR of 25 %.
Q. Who are the key competitors or players operating in Global IoT Security Market?
A. Cisco, Broadcom, Gemalto (Thales Group), Infineon, Verimatrix (Inside Secure), Allot, NXP Semiconductor, Fortinet, Cyber Xs, Palo Alto Network, Trend Micro etc., are few of the leading players in the Global IoT Security Market.
Q. Which component segment would emerge as an opportunity area for players in Global IoT Security Market?
A. Solution segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global IoT Security Market?
A. North America grabbed a majority market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global IoT Security Market.
