Global Internet of Things Security Market 2018-2022 to Post a CAGR of 49% Over t ...

LONDON (BUSINESS WIRE) #EnterpriseApplication The global internet of things security market is expected to post a CAGR

of close to 49% during the period 2018-2022, according to the latest

market research report by Technavio .

A key factor driving the growth of the market is the growing adoption of

cloud-based services in the IoT sector. As the devices connected to the

IoT network are used for monitoring purposes in the consumer,

commercial, and industrial sectors, they generate huge volumes of big

data. This data is used to make significant business decisions,

therefore, securing cloud-based services has become imperative. Many

vendors in the market are offering product solutions and services

pertaining to securing of the cloud, thereby driving the growth of the

market.

This market research report on the

global

also provides an

analysis of the most important trends expected to impact the market

outlook during the forecast period. Technavio classifies an emerging

trend as a major factor that has the potential to significantly impact

the market and contribute to its growth or decline.

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In this report, Technavio highlights the technological advances in IoT

security as one of the key emerging trends in the global internet of

things security market:

Global internet of things security market:
Technological advances in IoT security

Various technological advances in the global IoT industry, coupled with

the evolving nature of attacks are resulting in the development of

advanced technologies and applications for implementation in the IoT

security industry. Companies are increasingly vouching for the

implementation and use of AI and big data in the global IoT security

market as they can detect any intrusion and take appropriate

countermeasures against cyber-attacks. In addition to AI and Big data,

companies are also vouching for blockchains, software-defined networks

along with other technologies such as Edge Computing and Digital Twin

Technology. Therefore, with such technological advances, the market is

expected to show a positive outlook during the forecast period.

“One of the major factors driving the market is the increased

spending in the field of IoT security. Owing to the rise in the number

of cyber-attacks, there has been a significant increase in demand for

IoT solutions. As a result, to acquire sophisticated and

security-enhanced IoT systems, companies are increasingly spending on

says a senior analyst at

Technavio for research on enterprise application.

Global internet of things security market:
Segmentation analysis

This market research report segments the global internet of things

security market by end-user (industrial sector, commercial sector,

consumer sector) and geographical regions (APAC, EMEA, and the Americas).

The industrial sector led the market in 2017 with a market share of over

42%, followed by the commercial sector and consumer sector respectively.

However, during the forecast period, the commercial sector is expected

to show the highest incremental growth followed by the consumer sector.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

Technavio

is a leading global technology research and advisory company. Their

research and analysis focuses on emerging market trends and provides

actionable insights to help businesses identify market opportunities and

develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists

of more than 10,000 reports and counting, covering 800 technologies,

spanning across 50 countries. Their client base consists of enterprises

of all sizes, including more than 100 Fortune 500 companies. This

growing client base relies on Technavio’s comprehensive coverage,

extensive research, and actionable market insights to identify

opportunities in existing and potential markets and assess their

competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team

at media@technavio.com .

Contacts

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+1 844 364 1100

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www.technavio.com

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