The Internet of Things (IoT) security market is projected to grow to USD 36.95 billion by 2021, at a CAGR of 36.1% due to rising concerns for security in critical infrastructures and strict security regulations imposed by regulating bodies.
The Banking, Financial Services, and Insurance (BFSI) vertical is expected to witness the largest market size during the forecast period because of the increasing adoption of web and mobile applications, which are prone to advanced cyber-attacks. Smart banking, internet banking, and mobile banking are the factors, which have led the BFSI sector to focus more on IoT security.
North America is expected to hold the largest market share of the IoT security market in 2016 due to strict regulations and technological advancement. Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period due to high rate of adoption of IoT security solutions.
The major trends in the IoT security market include increasing sophistication of threats and attacks, diversified reach of the connected devices, and risks over personal data. Huge opportunities are prevailing for IoT security in the untapped geographic regions, especially in the Middle East and Latin America.
Arm Holdings PLC.
Check Point Software Technologies Ltd.
Cisco Systems, Inc.
Geographic Revenue Mix
Sophos Group PLC
Trend Micro, Inc.
Wurldtech Security Technologies Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Internet of Things Security Market Analysis, By Type
7 Internet of Things Security Market Analysis, By Solution
8 Internet of Things Security Market Analysis, By Service
9 Internet of Things Security Market Analysis, By Application
10 Internet of Things Security Market Analysis, By Vertical