Global IoT Security Solution Market Overview:
Rapidly expanding adoption of IoT tools across multiple sectors, including smart homes, health care, and smart cities as well as manufacturing is major driving factor for IoT security solutions. The rapidly evolving cyber threat landscape, including sophisticated attacks such as DDoS, ransomware and zero-day attacks, underscores the urgent need for advanced security solutions to protect IoT environments. Organizations are increasingly forced to implement strong IoT security measures due to strict regulations such as GDPR and CCPA which is expected to fuel growth in the global market. At the same time, innovations in artificial intelligence, machine learning and blockchain are significantly improving IoT security capabilities, enabling more effective real-time threat detection and response. However, the ever-changing nature of cyber threats and attack vectors is an ongoing challenge that requires constant adaptation to maintain effective protection in IoT networks.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
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 |
Influencing Trend:
Increasing Focus on Development of New Technologies and Solutions That Address Emerging Threats and Vulnerabilities
Market Growth Drivers:
Rising Cybersecurity Threats and High Adoption of IoT Devices Across Various Sectors and Integration of IoT Devices with Cloud and Edge Computing
Challenges:
Lack of Skilled Cybersecurity Professionals With Expertise in IoT Security
Restraints:
High Costs of Implementing IoT Security Solutions May Limit the Adoption by Small Enterprises
Opportunities:
Increasing Investment By Government in Smart City Infrastructure and Growing Demand for the Internet of Things (IoT) Security Solutions from Developing Economies
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Fortinet, Inc. (United States), Palo Alto Networks, Inc. (United States), Cisco Systems, Inc. (United States), Gen Digital Inc. (United States), Amazon Web Services, Inc. (United States), Rapid7 (United States), Telefonaktiebolaget LM Ericsson (Sweden), SonicWall (United States), Forescout Technologies Inc. (United States), FirstPoint (United States), Armis, Inc. (United States), Thales Group (France), Sternum Ltd. (Israel), IBM (United States), McAfee Corp. (United States) and Check Point Software Technologies Ltd. (Israel). Analyst at AMA Research see United States Players to retain maximum share of Global IoT Security Solution market by 2030. Considering Market by IoT Security Threats, the sub-segment i.e. Botnets will boost the IoT Security Solution market. Considering Market by Component, the sub-segment i.e. Hardware will boost the IoT Security Solution market. Considering Market by End User, the sub-segment i.e. Healthcare will boost the IoT Security Solution market.
What Can be Explored with the IoT Security Solution Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global IoT Security Solution Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in IoT Security Solution
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global IoT Security Solution 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 in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in IoT Security Solution market.
In order to make priority list sorting is done based on revenue generated based on 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 New Entrants/Investors, Analysts and Strategic Business Planners, IoT Security Solution Providers, IoT Devices and Solution Providers, End Users, Venture Capitalists and Private Equity Firms, Government Regulatory and Others.
This helps us to gather the data related to 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 includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.