Internet Of Things Security Products Market

Internet of Things (IoT) Security Products Market - Security Vendors Concentrating to Recognize Viable Solutions: Global Industry Analysis and Opportunity Assessment, 2015 - 2020

Internet of Things (IoT) refers to the rapidly expanding network of electronic devices having IP address or physical address for providing Internet connectivity, which enables communication between these IoT devices and other Internet enabled systems over the network. IoT brings Internet connectivity beyond the traditional devices, such as laptop, computers, smart phones and tablets, to various range of products used in everyday life. These products use embedded technology and are able to communicate with the external environment with the help of Internet. At the same time, this connectivity also poses certain challenges in the form of the provision of unauthorised access to people or hackers who could intrude into the organization’s infrastructure by hacking the main controlling device. In order to address this issue, implementation of IoT security products in the IoT infrastructure of organizations and individuals is increasingly becoming a primary necessity as these products help in securing their infrastructure and data.

Growth of the global IoT security products market is driven mainly by the rise in the number of Internet enabled devices across the globe that directly or indirectly have a major impact on the market. Manufacturers of IoT devices are providing additional embedded security systems in order to make IoT devices secured from data and application security threats.

Introduction of advanced software and hardware has resulted in making the IoT security products very convenient and easy to use. In case of organizations, these products help reduce the fear related to corporate data stealing and application security challenges. The global IoT security products market was valued at US$ 7.8 Bn in 2014 and is expected to increase at a CAGR of 16.5% during the forecast period (2015 -2020). Enhancement in end-user experience and data security are the basic factors propelling growth of this market currently.

The report classifies the market based on technology into hardware and software. In terms of the technology segments, the hardware sub-segment was valued at US$ 3.9 Bn in 2014 and is anticipated to register a CAGR of 15.9% during the forecast period. This growth is primarily attributed to the rise in various regulations imposed by the concerned regulatory authorities, which mandate the implementation of IoT security products.

Meanwhile, the software segment in the global IoT security products market was valued at US$ 3.9 Bn in 2014 and is anticipated to register a CAGR of 17.2% during the forecast period. The growth is driven mainly by the increasing demand for Internet-enabled devices across different verticals, as organizations are becoming increasingly aware about the risks posed by these devices when connected to the Internet, and thereby take all possible precautionary measures, such as device inspection and network monitoring, for securing and controlling data access and infringement. IoT device manufacturers are providing devices equipped with additional embedded security systems for securing them from data and application security threats.

This report also covers trends driving each segment and offers analysis and insights on the potential of the IoT security products market in some key regions, including North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan and the Middle East & Africa. Furthermore, the market is sub-segmented on the basis of the major countries across each region in order to provide a better regional analysis of the global IoT security products market.

The global IoT security products market is highly fragmented with various players, including IoT security software and hardware providers. Currently, the IoT security software providers account for a major share of the market. Symantec Corporation, IBM Corporation, Intel Corporation, Cisco Systems, Inc., Infineon Technologies AG, Trend Micro, Inc., Check Point Software Technologies Ltd.,  and INSIDE SECURE are few of the major players in the ecosystem of the global IoT security products market.

Report Synopsis

In this report, Future Market Insights offers a 5-year forecast of the global Internet of Things (IoT) security products market between 2015 and 2020. In terms of value, the market is expected to expand at a CAGR of 7.9% during the forecast period. This study demonstrates the market dynamics and trends in all the seven regions, which are expected to influence the current nature and future status of the IoT security products market over the forecast period.

Report Description

This research report on the IoT security products market provides a detailed analysis of the various IoT security product segments and helps in understanding the driving forces behind the popularity of these products across different end-user industries. The report includes extensive analysis of the key industry drivers, restraints, market trends and market structure. The market study includes comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on technology across different geographies, such as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan and the Middle East & Africa.

Growth of the global IoT security products market is driven mainly by the rise in the number of Internet enabled devices across the globe that directly or indirectly have a major impact on the market. Manufacturers of IoT devices are providing additional embedded security systems with a view to make these devices secured from data and application security threats.

The IoT security products market report begins with an overview of the market in terms of value. In addition, this section includes FMI’s analysis of the key trends, drivers and restraints from the supply, demand and economy side, which are influencing the global IoT security products market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.                           

On the basis of technology, the market is segmented into hardware and software. A detailed analysis of every segment in terms of its market size across the globe has been provided.

The subsequent sections provide detailed analysis of the concerned technology and regional segments of the IoT security products market report. The section provides detailed analysis of the key trends, absolute dollar opportunity, and BPS analysis of these segments.

The next section of the report highlights the IoT security products adoption by region. It provides a market outlook for 2015–2020 and sets the forecast within the context of the IoT security products ecosystem, including the new technological developments in the global IoT security products market. This study discusses the key regional trends contributing to growth of the IoT security products market globally, as well as analyses the degree at which the drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan and the Middle East & Africa.

All the above sections, by technology and by region, evaluate the present scenario and the growth prospects for the IoT security products market for the period: 2015 - 2020. We have considered 2014 as the base year and provide data for the trailing 12 months.

To calculate the market size, we have also considered revenue generated by the IoT security products providers. The forecast presented here assesses the total revenue generated across the ecosystem of the global IoT security products market. In order to offer an accurate forecast, the current market was estimated, which forms the basis of the IoT security products market in the near future. Given the characteristics of the market, triangulation research methodology was adopted which estimates the outcome on the basis of three different types of analyses, based on supply side, downstream industry demand and economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities across the IoT security products market.

As previously highlighted, the IoT security products market is split into a number of segments. The report segments the market in in terms of technology and by region. These segments are analysed in terms of Basis Point Share (BPS) to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends in the IoT security products market.

Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global IoT security products market.

In the final section of the report, the IoT security products market competitive landscape is included to provide client with a dashboard view of the overall market, based on categories of providers in the value chain, their presence in the IoT security products portfolio and key differentiators. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment of the IoT security products value chain and the potential players with regard to the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the IoT security products marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the IoT security products market. Key players covered in the scope of this report include Symantec Corporation, IBM Corporation, Intel Corporation, Cisco Systems, Inc., Infineon Technologies AG, Trend Micro, Inc., and Check Point Software Technologies Ltd. and INSIDE SECURE.

Key Segments Covered

  • By Technology
    • Hardware
    • Software

Key Regions Covered

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East & Africa

Key Companies

  • Symantec Corporation
  • IBM Corporation
  • Intel Corporation
  • Cisco Systems, Inc.
  • Infineon Technologies AG
  • Trend Micro, Inc.
  • Check Point Software Technologies Ltd.
  • INSIDE SECURE

Table Of Content

1. Global Enterprise Internet Of Things (IoT) Security Products Market- Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview

4.1. Introduction

4.1.1. Global Internet Of Things (IoT) Security Products Market Definition

4.1.2. Global Internet Of Things (IoT) Security Products Market Taxonomy

4.2. Global Internet Of Things (IoT) Security Products Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Factors affecting Global IoT Security Products Market

4.2.3.1. Endpoint Security

4.2.3.1.1. Absolute $ Opportunity

4.2.3.1.2. Market Value Forecast

4.2.3.2. Identity and Access Management

4.2.3.2.1. Absolute $ Opportunity

4.2.3.2.2. Market Value Forecast

4.2.3.3. Security & Vulnerability Management

4.2.3.3.1. Absolute $ Opportunity

4.2.3.3.2. Market Value Forecast

4.2.3.4. Messaging Security

4.2.3.4.1. Absolute $ Opportunity

4.2.3.4.2. Market Value Forecast

4.2.3.5. Network Security

4.2.3.5.1. Absolute $ Opportunity

4.2.3.5.2. Market Value Forecast

4.2.3.6. Web Security

4.2.3.6.1. Absolute $ Opportunity

4.2.3.6.2. Market Value Forecast

4.2.3.7. Other Security

4.2.3.7.1. Absolute $ Opportunity

4.2.3.7.2. Market Value Forecast

4.3. Global Parent Market (IoT Market) Forecast, 2015-2020

4.3.1. Global Internet Of Things (IoT) Market Size (Value) Forecast

4.3.1.1. Y-o-Y Growth Projections

4.3.1.2. Absolute $ Opportunity

4.4. Global Internet Of Things (IoT) Security Products Market Forecast, 2015-2020

4.4.1. Global Internet Of Things (IoT) Security Products Market Size (Value) Forecast

4.4.1.1. Y-o-Y Growth Projections

4.4.1.2. Absolute $ Opportunity

4.5. Global Internet Of Things (IoT) Security Products Market Trends

4.6. Global Internet Of Things (IoT) Security Products Market Snapshot (2014)

4.6.1. Market Share By Technology

4.6.2. Market Share By Regions

5. Global Internet Of Things (IoT) Security Products Market Analysis, By Technology

5.1. Introduction

5.1.1. Y-o-Y Growth Comparison, By Technology

5.1.2. Basis Point Share (BPS) Analysis, By Technology

5.2. Global Internet Of Things (IoT) Security Products Market Forecast By Technology

5.2.1. Hardware 

5.2.1.1. Absolute $ Opportunity

5.2.1.2. Market Value Forecast

5.2.2. Software 

5.2.2.1. Absolute $ Opportunity

5.2.2.2. Market Value Forecast

5.3. Global Internet Of Things (IoT) Security Products Market Attractiveness Analysis, By Technology

5.4. Prominent Trends

6. Global Internet Of Things (IoT) Security Products Market Analysis, By Region

6.1. Introduction

6.1.1. Y-o-Y Growth Projections, By Region

6.1.2. Basis Point Share (BPS) Analysis, By Region

6.2. Global Internet Of Things (IoT) Security Products Market Forecast By Region

6.2.1. North America Market Value Forecast

6.2.2. Latin America Market Value Forecast

6.2.3. Asia Pacific excluding Japan Market Value Forecast

6.2.4. Japan Market Value Forecast

6.2.5. Eastern Europe Market Value Forecast

6.2.6. Western Europe Market Value Forecast

6.2.7. Middle East & Africa Market Value Forecast

6.3. Regional Attractiveness Analysis

7. Competition Landscape

7.1. Competition Dashboard

7.2. Market Structure

7.3. Company Profiles

7.3.1. Symantec Corporation

7.3.1.1. Revenue

7.3.1.2. Products/Brand Offerings

7.3.1.3. Company Highlights

7.3.2. IBM Corporation 

7.3.3. Intel Corporation

7.3.4. Cisco Systems, Inc.

7.3.5. Infineon Technologies AG

7.3.6. Trend Micro, Inc.

7.3.7. Check Point Software Technologies Ltd.

7.3.8. INSIDE SECURE