DUBLIN, April 18, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Internet of Things Security Market 2016-2020" report to their offering.
The the global IoT security market is expected to grow at a CAGR of 55.01% during the period 2016-2020.
IoT is the communication between connected devices within a network. Data transmission takes place between smart devices, such as thermostats and sensors, which can be further connected to an individual's mobile devices. IoT works efficiently due to the interconnection between embedded hardware devices, communication services, software, and IT services. It helps in efficient remote monitoring and management of numerous interconnected devices. IoT also enables the creation of smart homes, smart shopping, smart transportation, and smart healthcare.
End-users prefer integrated IoT security solutions that provide overall security to devices and networks. This is because different stand-alone security solutions may lead to integration issues. In addition, stand-alone IoT security solutions may prove to be costly to end-users and may increase network complexity. Integrated IoT security solutions provided by the vendors will provide better support and functionality to the customers.
According to the report, a number of sectors such as retail, manufacturing, healthcare, and automotive use IoT to ensure efficient data transmission of confidential information between devices and people through networks. Thus, governments across the globe have framed certain regulations to enforce compliance in order to secure networks from hackers and viruses.
Further, the report states that the overall deployment cost of IoT security solutions includes the cost of software licensing, system designing and customization, implementation, training, and maintenance. After implementation, IoT security solutions have to be upgraded regularly. All of these factors lead to an increase in the overall costs incurred by an organization for implementing these solutions.
- Cisco Systems
- Infineon Technologies
- GE (Wurldtech Security Technologies)
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Life cycle analysis
PART 08: Market segmentation by end-user
PART 09: Market segmentation by network security components
PART 10: Geographical segmentation
PART 11: Buying criteria
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Five forces model
PART 18: Role of system integrators
PART 19: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/2c936s/global_internet
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SOURCE Research and Markets