Global Internet of Things (IoT) Security Market Outlook 2020-2025 - Increasing Ransomware Attacks on IoT Devices and Growing IoT Security Regulations Driving Market Growth

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Jul 30, 2020, 15:45 ET

DUBLIN, July 30, 2020 /PRNewswire/ -- The "IoT Security Market by Type (Network Security & Cloud Security), Component, Solution (Identity and Access Management, Security Analytics, & Device Authentication & Management), Service, Application Area, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

In the last decade, the world has witnessed numerous changes in industries, such as manufacturing, energy and utilities, transportation, logistics, and healthcare. The most known change is digitalization, the adoption of digital technologies. Cell phones have become commonplace, tablets have replaced spiral notebooks in schools, and companies are developing next-gen technologies, such as driverless cars and drones. Everything is connected now, especially for businesses. With the growth of the internet and networking, the communication and management of any number of devices from a single place has become possible. IoT provides the control of various connected devices into a single, smart device, such as a smartphone, PC, and tablet.

At the same time, it provides an opportunity for hackers to infiltrate the entire infrastructure by hacking the controlling device. Hence, IoT security has become essential for organizations, governments, utilities, and individuals for the protection of data and infrastructure, and is gaining traction in day-to-day deployment. The global IoT security market is expected to grow from USD 12,540 million in 2020 to USD 36,600 million by 2025, at a CAGR of 23.9% during the forecast period.

Major factors driving the growth of the IoT security market are the increasing number of ransomware attacks on IoT devices across the globe, growing IoT security regulations, and rising security concerns over critical infrastructures. However, the new variants of IoT threats, lack of awareness, costly IoT security solutions, and budget constraints among SMEs for IoT security may limit the market growth.

Cloud security addresses both physical and virtual security across the service models of software, platforms, and infrastructures. Various cloud application security solutions include risk assessment, application governance, identity access management, encryption, malware detection and protection, and Security Information and Event Management (SIEM). Cloud security is one of the most important aspects of IoT security, as IoT data is saved in Virtual Machines (VMs) and susceptible to cyber-attacks.

Identity and access management refers to a business process framework. This framework consists of policies and technologies, which help organizations control the appropriate accesses of all employees to technology resources. The identity access management solution plays a vital role in managing enterprises' electronic or digital identities. These solutions can be quickly and cost-effectively integrated with identity access management policies across on-premises, cloud, and hybrid environments.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the IoT Security Market
4.2 Global Market Top 2 Types and Regions
4.3 Market by Region
4.4 Market Global Revenue Share

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 COVID-19 Pandemic-Driven Market Dynamics and Factor Analysis
5.4 Regulatory Implications
5.5 Use Cases

6 IoT Security Market, by Component
6.1 Introduction
6.2 Solutions
6.3 Services

7 IoT Security Market, by Type
7.1 Introduction
7.2 Network Security
7.3 Endpoint Security
7.4 Application Security
7.5 Cloud Security
7.6 Others

8 IoT Security Market, by Solution
8.1 Introduction
8.2 Identity and Access Management
8.3 Data Encryption and Tokenization
8.4 Intrusion Detection System and Intrusion Prevention System
8.5 Device Authentication and Management
8.6 Secure Communications
8.7 Public Key Infrastructure Lifecycle Management
8.8 Distributed Denial of Service Protection
8.9 Security Analytics
8.10 Others

9 IoT Security Market, by Service
9.1 Introduction
9.2 Professional Services
9.3 Managed Services

10 IoT Security Market, by Application Area
10.1 Introduction
10.2 Smart Manufacturing
10.3 Smart Energy and Utilities
10.4 Connected Logistics and Transportation
10.5 Smart Home and Consumer Electronics
10.6 Connected Healthcare
10.7 Smart Government and Defense
10.8 Smart Retail
10.9 Others

11 IoT Security Market, by Region

12 Competitive Landscape
12.1 Overview
12.2 Competitive Leadership Mapping (Overall Market)
12.3 Ranking of Key Players
12.4 Competitive Leadership Mapping Overview (Startup)

13 Company Profiles

Allot
Armis
CA Technologies
Centri
Cisco
Claroty
Cyber X
Digi International
Dragos Security
Forgerock
Fortinet
Gemalto
IBM
Icon Labs
Infineon
Intel
Karamba Security
Magiccube
Mocana
Newsky
Nortonlifelock (Symantec)
Secure RF
Securithings
Vdoo
Zingbox

14 IoT Security Adjacent Market
14.1 Adjacent Market
14.2 Cybersecurity
14.3 Identity and Access Management
14.4 Perimeter Intrusion Detection System
14.5 Physical Security

For more information about this report visit https://www.researchandmarkets.com/r/jxg5ch

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