Global IoT Security Market Industry Trends and Analysis, 2015 - 2021

Emergence of smart city concept is expected to offer sound opportunity for the market growth in the coming years. The governments in the developed economies have already taken steps to develop smart cities by deploying Wi-Fi hotspots at multiple locations within a city.

Internet of Things (IoT) connects devices such as industrial equipment and consumer objects on to a network, enabling gathering of information and management of these devices through software to increase efficiency and enable new services. IoT combines hardware, embedded software, communication services, and IT services. IoT helps create smart communication environments such as smart shopping, smart homes, smart healthcare, and smart transportation. The major components of IoT include WSN (Wireless Sensor Network), RFID (Radio Frequency Identification), cloud services, NFC (Near Field Communication), gateways, data storage & analytics, and visualization elements. IoT helps in effective management and monitoring of the multiple interconnected. IoT security can be addressed through network powered technology.


The Internet of Things has access to organizations existing operational technology (OT) networks and information technology in addition to multiple devices, sensors and other smart objects. Increasing dependence on the existing network connectivity gives rise to challenges including security threats. The priority and focus of the IT network is to protect data confidentially and secure access, ensuring operational and employee safety. Thus, there is an increased demand for IoT security solutions at workplace. The companies such as Cisco systems are trying to develop the approach that combines physical and cyber security components for employee safety and protection of the entire system.

To ensure the efficient functioning of devices such as smartphones, tablets, and PDAs at workplace, it is crucial to maintain network infrastructure security. The global IoT security market can be segmented on the basis of end-users and geography. Based on end-users, the market can be segmented into utilities, automobiles, and healthcare among others. On the basis of geography the global IoT security market can be segmented on five major regions which includes North America, Asia Pacific, Europe, Latin America and Middle East & Africa.

The need for the regulatory compliance is one of the major factors driving the market growth. With huge amount of digital information being transferred between people, the government of several economies are taking steps to secure networks from hackers and virus threats by establishing strict regulatory framework. Thus, compliance with such regulations is expected to support the demand for IoT security solutions. Furthermore, with advancements in technologies such as 3G and 4G LTE, threats such as data hacking have increased, which in turn have forced governments across the globe to establish stringent regulatory framework supporting the deployment of IoT security solutions. Emergence of smart city concept is expected to offer sound opportunity for the market growth in the coming years. The governments in the developed economies have already taken steps to develop smart cities by deploying Wi-Fi hotspots at multiple locations within a city. However, the market for IoT security solutions suffers from high cost of installation. The cost of installation is usually high to provide machine to machine communication, which has impeded the market growth in emerging cost sensitive economies.

Some of the key players in global IoT security market includes Cisco Systems, Infineon Technologies, Intel Corporation, Siemens AG, Wurldtech Security, Alcatel-Lucent S.A., Axeda Machine Cloud, Checkpoint Technologies, IBM Corporation, Huawei Technologies Co. Ltd, AT&T Inc., and NETCOM On-Line Communication Services, Inc. among others.

Key Points Covered in the Report
1) Market segmentation on the basis of type, application, product, and technology (as applicable)
2) Geographic segmentation

North America
Europe
Asia
RoW

3) Market size and forecast for the various segments and geographies for the period from 2010 to 2020
4) Company profiles of the leading companies operating in the market
5) Porter's Five Forces Analysis of the market

About Us:
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

Contact:
Glen Hare
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

Featured Product

Luxul High Power AC1900 Dual-Band Wireless Access Point (XAP-1510)

Luxul High Power AC1900 Dual-Band Wireless Access Point (XAP-1510)

The all new XAP-1510 offers a best in class Wireless Access Point designed specifically for the CI channel. Combining high output power and leading-edge 802.11ac 3x3 Dual-Band technology with Beamforming, the XAP-1510 delivers data rates up to 1900Mbps along with outstanding wireless coverage for a world-class Wi-Fi experience. It can be used as a standalone AP or as part of a multi-AP deployment together with Luxul's XWC-1000 wireless controller. The XAP-1510 will be available from authorized Luxul distributors in October.