Global Internet of Things (IoT) Security Market 2022-2028

Global Internet of Things (IoT) Security Market 2022-2028

According to Gen Consulting Company, the global IoT security market is set to achieve an incremental growth of USD 57 billion, acelerating at a CAGR of almost 23.2% during the forecast period 2022-2028.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global IoT security market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the IoT security industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, type of security, organization size, end user, and region. The global market for IoT security can be segmented by component: platform, services, solutions. Among these, the solutions segment was accounted for the highest revenue generator in 2021. IoT security market is further segmented by type of security: application security, cloud security, endpoint security, network security, others. The endpoint security segment is estimated to account for the largest share of the global IoT security market. Based on organization size, the IoT security market is segmented into: large enterprises, small and medium enterprises (SMEs). The large enterprises segment held the largest share of the global IoT security market in 2021 and is anticipated to hold its share during the forecast period. On the basis of end user, the IoT security market also can be divided into: automotive, energy and utilities, government, healthcare, manufacturing, retail and e-commerce, smart homes, others. In 2021, the manufacturing segment made up the largest share of revenue generated by the IoT security market. IoT security market by region is categorized into: Asia Pacific, Europe, North America, MEA (Middle East and Africa), Latin America.

By component:

• platform
• services
• solutions

By type of security:

• application security
• cloud security
• endpoint security
• network security
• others

By organization size:

• large enterprises
• small and medium enterprises (SMEs)

By end user:

• automotive
• energy and utilities
• government
• healthcare
• manufacturing
• retail and e-commerce
• smart homes
• others

By region:

• Asia Pacific
• Europe
• North America
• MEA (Middle East and Africa)
• Latin America

The market research report covers the analysis of key stake holders of the global IoT security market. Some of the leading players profiled in the report include Cisco Systems Inc., Entrust Corp., ESCRYPT GmbH, Keyfactor, Inc., Microsoft Corporation, NanoLock Security Ltd., NortonLifeLock Inc., Ordr, Inc., Rambus Inc., UL LLC, Vectra AI, Inc., WISeKey SA, among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global IoT security market.
• To classify and forecast the global IoT security market based on component, type of security, organization size, end user, region.
• To identify drivers and challenges for the global IoT security market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global IoT security market.
• To identify and analyze the profile of leading players operating in the global IoT security market.

Why Choose This Report

• Gain a reliable outlook of the global IoT security market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.