Market Overview:
Internet of Things (IoT) security product provides security to IoT devices from the threats such as botnets, denial of service, Identity and data theft, advanced persistent theft, ransomware, and others. The product solutions protect and secure the network connecting IoT devices to the other systems on the internet with end-point or device security, network security, identity, and access management, vulnerability management, and messaging security. IoT devices in industrial machines, building automation, smart energy grids, personal IoT devices are prone to outside threats.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Palo Alto Networks, Inc. (United States), FirstPoint (United States), Trustwave Holdings (United States), IBM (United States), Cisco (United States), Armis, Inc. (United States), Sternum Ltd. (Israel), Thales Group (France), Symantec (United States), Cognizant (United States), Arm Limited (United Kingdom) and Akamai Technologies, Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Internet of Things (IoT) Security Product Market Study:
Palo Alto Networks, Inc. (United States), FirstPoint (United States), Trustwave Holdings (United States), IBM (United States), Cisco (United States), Armis, Inc. (United States), Sternum Ltd. (Israel), Thales Group (France), Symantec (United States), Cognizant (United States), Arm Limited (United Kingdom) and Akamai Technologies, Inc. (United States)
Internet of Things (IoT) Security Product Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Consumer, Business and Government |
Type | End-point or Device Security, Network Security, Identity and Access Management, Vulnerability Management and Messaging Security |
IoT Security Threats | Botnets,Denial of Service,Identity and Data Theft,Advanced Persistent Theft,Ransomware,Others |
Component | Hardware,Software |
Influencing Trend:
Integration of Artificial Intelligence in the Internet of Things (IoT) Security Product
Market Growth Drivers:
Rising Data Theft and Privacy Related Concern in the Internet of Things Device and Need to Secure the IoT Devices in Commercial as it consists of Confidential Data
Challenges:
Lack of User Knowledge & Awareness about the Internet of Things (IoT) Security Product
Restraints:
High Price Involved Internet of Things (IoT) Security Product Solutions
Opportunities:
Growing Demand for the Internet of Things (IoT) Security Product from Developing Economies
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Latest Industry Highlights:
On 9th November 2020, Cognizant has completed the acquisition of Bright Wolf, a privately-held technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions for Fortune 1000 companies. Bright Wolf is certified by all major cloud providers and acknowledged as an expert in IoT.
On 2nd February 2021, Cloud service provider Akamai announced it has agreed to acquire Montreal-based Inverse, an open-source consulting and integration company, for an undisclosed sum. Akamai said that the acquisition is aimed to enhance its enterprise security capabilities and expand its portfolio of zero trust and secure access service edge solutions for the Internet of Things (IoT).
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Internet of Things (IoT) Security Product market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Internet of Things (IoT) Security Product market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Internet of Things (IoT) Security Product Developers, Internet of Things (IoT) Security Product Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.