[404 pages Report] The global Internet of Things (IoT) Security Product market is estimated to grow from USD 12 Billion in 2017 to USD 48 Billion by 2027, expanding at a CAGR of 14.9% from 2017 to 2027.
| Attribute | Details |
|---|---|
| The estimated value of the Global Internet of Things (IoT) Security Product Market by 2027 | USD 48 Billion |
| Market Value of Global Internet of Things (IoT) Security Product in 2017 | USD 12 Billion |
| Estimated CAGR from 2017 to 2027 | 14.9% |
The emergence of players and the rise in the launch of IoT security offerings are likely to boost the market. The increasing number of service providers is also enhancing the growth of the industry.
The smart grid segment is anticipated to witness the maximum growth during the review period. The ongoing development of smart grid applications is likely to augment the market.
The East Asia Region has been predicted to acquire the forefront position in the IoT Security market due to the increasing usage of IoT-enables smart connected devices.
In order to offer cutting-edge technology and cater to the rising demand for IoT among businesses, prominent players in the IoT space are focussing on entering into partnerships and collaborations with other players in the IoT market.
Various connected device manufacturers such as Cisco Systems Inc., telecommunication network solution providers such as AT&T Inc., and technology companies such as IBM Corporation are opting to offer smart solutions for advanced data analytics by utilizing IoT platforms.
Future Market Insights forecasts revenue from the global IoT security product market to increase from USD 12 Billion in 2017 to about USD 48 Billion by 2027 end, representing a CAGR of 14.9% from 2017 to 2027.
This increasing revenue growth is attributed to the continuous launching of IoT security offerings and the emergence of niche players in the market. Moreover, an increasing number of service providers is also supporting the revenue growth of this market.
Government organisations of various countries have partnered with major technology companies for implementing IoT across urban cities. These organisations are also providing funds for the development of IoT applications to technology vendors. Due to increasing smart city projects, the adoption of sensor applications is rising significantly.
A growing number of connected devices is expected to fuel demand for IoT security in North America. For instance, the USA government invested USD 8.8 Billion in 2015 in IoT for infrastructure, software and cyber security solutions.
Growing number of devices connected to each other via IoT has resulted in increasing vulnerability in terms of security of the entire IoT ecosystem. Increasing intensity of cyber-attacks on IoT networks and devices has prompted solution providers to focus more on security aspects, which is driving market demand for IoT security solutions globally.
In December 2016, Dyn Inc., which is a USA based managing domain name system (DNS) Infrastructure Company, witnessed a Distributed Denial of Service (DDoS) attack from a malware known as Mirai botnet, wherein a number of interconnected IoT devices were being used to conduct cyber-attacks, resulting in disruption of Internet services across the USA
Although a number of governing authorities have issued guidelines to be followed by IoT device manufacturers so as to protect against cyber-attacks on IoT networks and devices, many device manufacturers and users are not strictly adhering to these guidelines and taking precautionary measures.
Non-adherence to these guidelines results in security lapses, which cyber attackers can take advantage of and this creates challenges for IoT security solution providers. This factor is expected to hamper growth of the IoT security product market to a large extent.
In terms of value, the smart grid segment is projected to be the most attractive in the global IoT security product market during the forecast period. However, the home and building automation segment is expected to register high Y-o-Y growth rates throughout the forecast period.
In terms of value, the home and building automation segment is expected to register a CAGR of 16.2% during the forecast period. In 2016, the smart grid segment was valued at USD 3,697.8 Million and is expected to witness steady growth in terms of revenue throughout the forecast period.
Table 01: Global Market Size (US$ Million) Analysis by Component, 2015 to 2030
Table 02: Global Market Value (US$ Million) Analysis by Deployment Type, 2015 to 2030
Table 03: Global Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 04: Global Market Value (US$ Million) Analysis by Verticals, 2015 to 2030
Table 05: Global Market Value (US$ Million) Analysis by Region, 2015 to 2030
Table 06: North America Market Size (US$ Million) Analysis by Component, 2015 to 2030
Table 07: North America Market Value (US$ Million) Analysis by Deployment Type, 2015 to 2030
Table 08: North America Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 09: North America Market Value (US$ Million) Analysis by Verticals, 2015 to 2030
Table 10: North America Market Value (US$ Million) Analysis by Country, 2015 to 2030
Table 11: Latin America Market Size (US$ Million) Analysis by Component, 2015 to 2030
Table 12: Latin America Market Value (US$ Million) Analysis by Deployment Type, 2015 to 2030
Table 13: Latin America Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 14: Latin America Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 15: Latin America Market Value (US$ Million) Analysis by Country, 2015 to 2030
Table 16: Europe Market Size (US$ Million) Analysis by Component, 2015 to 2030
Table 17: Europe Market Value (US$ Million) Analysis by Deployment Type, 2015 to 2030
Table 18: Europe Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 19: Europe Market Value (US$ Million) Analysis by Verticals, 2015 to 2030
Table 20: Europe Market Value (US$ Million) Analysis by Country, 2015 to 2030
Table 21: East Asia Market Size (US$ Million) Analysis by Component, 2015 to 2030
Table 22: East Asia Market Value (US$ Million) Analysis by Deployment Type, 2015 to 2030
Table 23: East Asia Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 24: East Asia Market Value (US$ Million) Analysis by Verticals, 2015 to 2030
Table 25: East Asia Market Value (US$ Million) Analysis by Country, 2015 to 2030
Table 26: South Asia & Pacific Market Size (US$ Million) Analysis by Component, 2015 to 2030
Table 27: South Asia & Pacific Market Value (US$ Million) Analysis by Deployment Type, 2015 to 2030
Table 28: South Asia & Pacific Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 29: South Asia & Pacific Market Value (US$ Million) Analysis by Verticals, 2015 to 2030
Table 30: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2015 to 2030
Table 31: Middle East & Africa Market Size (US$ Million) Analysis by Component, 2015 to 2030
Table 32: Middle East & Africa Market Value (US$ Million) Analysis by Deployment Type, 2015 to 2030
Table 33: Middle East & Africa Market Value (US$ Million) Analysis by Application, 2015 to 2030
Table 34: Middle East & Africa Market Value (US$ Million) Analysis by Verticals, 2015 to 2030
Table 35: Middle East & Africa Market Value (US$ Million) Analysis by Country, 2015 to 2030
Figure 01: Global Internet of Things (IoT) Security Product Market Size and Y-o-Y Growth Rate from 2020 to 2030
Figure 02: Global Internet of Things (IoT) Security Product Market Absolute $ Opportunity (US$ Million), 2019 to 2030
Figure 03: Global Internet of Things (IoT) Security Product Market Value (US$ Million), 2015 to 2019
Figure 04: Global Internet of Things (IoT) Security Product Market Value (US$ Million) Forecast, 2020 to 2030
Figure 05: Global Internet of Things (IoT) Security Product Market Share and BPS Analysis by Component 2020 to 2030
Figure 06: Global Internet of Things (IoT) Security Product Market Y-o-Y Growth by Component, 2020 to 2030
Figure 07: Global Internet of Things (IoT) Security Product Market: Market Attractiveness by Component
Figure 08: Global Internet of Things (IoT) Security Product Market Share and BPS Analysis by Deployment Type 2020 to 2030
Figure 09: Global Internet of Things (IoT) Security Product Market Y-o-Y Growth by Deployment Type, 2020 to 2030
Figure 10: Global Internet of Things (IoT) Security Product Market: Market Attractiveness by Deployment Type
Figure 11: Global Internet of Things (IoT) Security Product Market Share and BPS Analysis by Application 2020 to 2030
Figure 12: Global Internet of Things (IoT) Security Product Market Y-o-Y Growth by Application, 2020 to 2030
Figure 13: Global Internet of Things (IoT) Security Product Market: Market Attractiveness by Application
Figure 14: Global Internet of Things (IoT) Security Product Market Share and BPS Analysis by Verticals 2020 to 2030
Figure 15: Global Internet of Things (IoT) Security Product Market Y-o-Y Growth by Verticals, 2020 to 2030
Figure 16: Global Internet of Things (IoT) Security Product Market: Market Attractiveness by Verticals
Figure 17: Global Internet of Things (IoT) Security Product Market Share and BPS Analysis by Region 2020 to 2030
Figure 18: Global Internet of Things (IoT) Security Product Market Y-o-Y Growth by Region, 2020 to 2030
Figure 19: Global Internet of Things (IoT) Security Product Market: Market Attractiveness by Region
Figure 20: North America Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 21: Latin America Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 22: Europe Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 23: East Asia Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 24: South Asia & Pacific Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 25: Middle East & Africa Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 26: North America Internet of Things (IoT) Security Product Market Value (US$ Million), 2015 to 2019
Figure 27: North America Internet of Things (IoT) Security Product Market Value (US$ Million) Forecast, 2020 to 2030
Figure 28: North America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Component 2020 to 2030
Figure 29: North America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Component, 2020 to 2030
Figure 30: North America Internet of Things (IoT) Security Product Market: Market Attractiveness by Component
Figure 31: North America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Deployment Type 2020 to 2030
Figure 32: North America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Deployment Type, 2020 to 2030
Figure 33: North America Internet of Things (IoT) Security Product Market: Market Attractiveness by Deployment Type
Figure 34: North America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Application 2020 to 2030
Figure 35: North America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Application, 2020 to 2030
Figure 36: North America Internet of Things (IoT) Security Product Market: Market Attractiveness by Application
Figure 37: North America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Verticals 2020 to 2030
Figure 38: North America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Verticals, 2020 to 2030
Figure 39: North America Internet of Things (IoT) Security Product Market: Market Attractiveness by Verticals
Figure 40: North America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Country 2020 to 2030
Figure 41: North America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Country, 2020 to 2030
Figure 42: North America Internet of Things (IoT) Security Product Market: Market Attractiveness by Country
Figure 43: The USA Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 44: Canada Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 45: Latin America Internet of Things (IoT) Security Product Market Value (US$ Million), 2015 to 2019
Figure 46: Latin America Internet of Things (IoT) Security Product Market Value (US$ Million) Forecast, 2020 to 2030
Figure 47: Latin America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Component 2020 to 2030
Figure 48: Latin America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Component, 2020 to 2030
Figure 49: Latin America Internet of Things (IoT) Security Product Market: Market Attractiveness by Component
Figure 50: Latin America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Deployment Type 2020 to 2030
Figure 51: Latin America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Deployment Type, 2020 to 2030
Figure 52: Latin America Internet of Things (IoT) Security Product Market: Market Attractiveness by Deployment Type
Figure 53: Latin America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Application 2020 to 2030
Figure 54: Latin America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Application, 2020 to 2030
Figure 55: Latin America Internet of Things (IoT) Security Product Market: Market Attractiveness by Application
Figure 56: Latin America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Verticals 2020 to 2030
Figure 57: Latin America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Verticals, 2020 to 2030
Figure 58: Latin America Internet of Things (IoT) Security Product Market: Market Attractiveness by Verticals
Figure 59: Latin America Internet of Things (IoT) Security Product Market Share and BPS Analysis by Country 2020 to 2030
Figure 60: Latin America Internet of Things (IoT) Security Product Market Y-o-Y Growth by Country, 2020 to 2030
Figure 61: Latin America Internet of Things (IoT) Security Product Market: Market Attractiveness by Country
Figure 62: Brazil Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 63: Mexico Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 64: Rest of Latin America Europe Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 65: Europe Internet of Things (IoT) Security Product Market Value (US$ Million), 2015 to 2019
Figure 66: Europe Internet of Things (IoT) Security Product Market Value (US$ Million) Forecast, 2020 to 2030
Figure 67: Europe Internet of Things (IoT) Security Product Market Share and BPS Analysis by Component 2020 to 2030
Figure 68: Europe Internet of Things (IoT) Security Product Market Y-o-Y Growth by Component, 2020 to 2030
Figure 69: Europe Internet of Things (IoT) Security Product Market: Market Attractiveness by Component
Figure 70: Europe Internet of Things (IoT) Security Product Market Share and BPS Analysis by Deployment Type 2020 to 2030
Figure 71: Europe Internet of Things (IoT) Security Product Market Y-o-Y Growth by Deployment Type, 2020 to 2030
Figure 72: Europe Internet of Things (IoT) Security Product Market: Market Attractiveness by Deployment Type
Figure 73: Europe Internet of Things (IoT) Security Product Market Share and BPS Analysis by Application 2020 to 2030
Figure 74: Europe Internet of Things (IoT) Security Product Market Y-o-Y Growth by Application, 2020 to 2030
Figure 75: Europe Internet of Things (IoT) Security Product Market: Market Attractiveness by Application
Figure 76: Europe Internet of Things (IoT) Security Product Market Share and BPS Analysis by Verticals- 2020 to 2030
Figure 77: Europe Internet of Things (IoT) Security Product Market Y-o-Y Growth by Verticals, 2020 to 2030
Figure 78: Europe Internet of Things (IoT) Security Product Market: Market Attractiveness by Verticals
Figure 79: Europe Internet of Things (IoT) Security Product Market Share and BPS Analysis by Country 2020 to 2030
Figure 80: Europe Internet of Things (IoT) Security Product Market Y-o-Y Growth by Country, 2020 to 2030
Figure 81: Europe Internet of Things (IoT) Security Product Market: Market Attractiveness by Country
Figure 82: Germany Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 83: Italy Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 84: France Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 85: The UK Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 86: Spain Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 87: BENELUX Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 88: Russia Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 89: East Asia Internet of Things (IoT) Security Product Market Value (US$ Million), 2015 to 2019
Figure 90: East Asia Internet of Things (IoT) Security Product Market Value (US$ Million) Forecast, 2020 to 2030
Figure 91: East Asia Internet of Things (IoT) Security Product Market Share and BPS Analysis by Component 2020 to 2030
Figure 92: East Asia Internet of Things (IoT) Security Product Market Y-o-Y Growth by Component, 2020 to 2030
Figure 93: East Asia Internet of Things (IoT) Security Product Market: Market Attractiveness by Component
Figure 94: East Asia Internet of Things (IoT) Security Product Market Share and BPS Analysis by Deployment Type 2020 to 2030
Figure 95: East Asia Internet of Things (IoT) Security Product Market Y-o-Y Growth by Deployment Type, 2020 to 2030
Figure 96: East Asia Internet of Things (IoT) Security Product Market: Market Attractiveness by Deployment Type
Figure 97: East Asia Internet of Things (IoT) Security Product Market Share and BPS Analysis by Application 2020 to 2030
Figure 98: East Asia Internet of Things (IoT) Security Product Market Y-o-Y Growth by Application, 2020 to 2030
Figure 99: East Asia Internet of Things (IoT) Security Product Market: Market Attractiveness by Application
Figure 100: East Asia Internet of Things (IoT) Security Product Market Share and BPS Analysis by Verticals 2020 to 2030
Figure 101: East Asia Internet of Things (IoT) Security Product Market Y-o-Y Growth by Verticals, 2020 to 2030
Figure 102: East Asia Internet of Things (IoT) Security Product Market: Market Attractiveness by Verticals
Figure 103: East Asia Internet of Things (IoT) Security Product Market Share and BPS Analysis by Country 2020 to 2030
Figure 104: East Asia Internet of Things (IoT) Security Product Market Y-o-Y Growth by Country, 2020 to 2030
Figure 105: East Asia Internet of Things (IoT) Security Product Market: Market Attractiveness by Country
Figure 106: China Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 107: Japan Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 108: South Korea Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 109: South Asia & Pacific Internet of Things (IoT) Security Product Market Value (US$ Million), 2015 to 2019
Figure 110: South Asia & Pacific Internet of Things (IoT) Security Product Market Value (US$ Million) Forecast, 2020 to 2030
Figure 111: South Asia & Pacific Internet of Things (IoT) Security Product Market Share and BPS Analysis by Component- 2020 to 2030
Figure 112: South Asia & Pacific Internet of Things (IoT) Security Product Market Y-o-Y Growth by Component, 2020 to 2030
Figure 113: South Asia & Pacific Internet of Things (IoT) Security Product Market: Market Attractiveness by Component
Figure 114: South Asia & Pacific Internet of Things (IoT) Security Product Market Share and BPS Analysis by Deployment Type 2020 to 2030
Figure 115: South Asia & Pacific Internet of Things (IoT) Security Product Market Y-o-Y Growth by Deployment Type, 2020 to 2030
Figure 116: South Asia & Pacific Internet of Things (IoT) Security Product Market: Market Attractiveness by Deployment Type
Figure 117: South Asia & Pacific Internet of Things (IoT) Security Product Market Share and BPS Analysis by Application 2020 to 2030
Figure 118: South Asia & Pacific Internet of Things (IoT) Security Product Market Y-o-Y Growth by Application, 2020 to 2030
Figure 119 South Asia & Pacific Internet of Things (IoT) Security Product Market: Market Attractiveness by Application
Figure 120: South Asia & Pacific Internet of Things (IoT) Security Product Market Share and BPS Analysis by Verticals 2020 to 2030
Figure 121: South Asia & Pacific Internet of Things (IoT) Security Product Market Y-o-Y Growth by Verticals, 2020 to 2030
Figure 122 South Asia & Pacific Internet of Things (IoT) Security Product Market: Market Attractiveness by Verticals
Figure 123: South Asia & Pacific Internet of Things (IoT) Security Product Market Share and BPS Analysis by Country 2020 to 2030
Figure 124: South Asia & Pacific Internet of Things (IoT) Security Product Market Y-o-Y Growth by Country, 2020 to 2030
Figure 125: South Asia & Pacific Internet of Things (IoT) Security Product Market: Market Attractiveness by Country
Figure 126: India Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 127: ASEAN Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 128: Australia & New Zealand Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 129: Middle East & Africa Internet of Things (IoT) Security Product Market Value (US$ Million), 2015 to 2019
Figure 130: Middle East & Africa Internet of Things (IoT) Security Product Market Value (US$ Million) Forecast, 2020 to 2030
Figure 131: Middle East & Africa Internet of Things (IoT) Security Product Market Share and BPS Analysis by Component 2020 to 2030
Figure 132: Middle East & Africa Internet of Things (IoT) Security Product Market Y-o-Y Growth by Component, 2020 to 2030
Figure 133: Middle East & Africa Internet of Things (IoT) Security Product Market: Market Attractiveness by Component
Figure 134: Middle East & Africa Internet of Things (IoT) Security Product Market Share and BPS Analysis by Deployment Type 2020 to 2030
Figure 135: Middle East & Africa Internet of Things (IoT) Security Product Market Y-o-Y Growth by Deployment Type, 2020 to 2030
Figure 136: Middle East & Africa Internet of Things (IoT) Security Product Market: Market Attractiveness by Deployment Type
Figure 137: Middle East & Africa Internet of Things (IoT) Security Product Market Share and BPS Analysis by Application 2020 to 2030
Figure 138: Middle East & Africa Internet of Things (IoT) Security Product Market Y-o-Y Growth by Application, 2020 to 2030
Figure 139: Middle East & Africa Internet of Things (IoT) Security Product Market: Market Attractiveness by Application
Figure 140: Middle East & Africa Internet of Things (IoT) Security Product Market Share and BPS Analysis by Verticals 2020 to 2030
Figure 141: Middle East & Africa Internet of Things (IoT) Security Product Market Y-o-Y Growth by Verticals, 2020 to 2030
Figure 142: Middle East & Africa Internet of Things (IoT) Security Product Market: Market Attractiveness by Verticals
Figure 143: Middle East & Africa Internet of Things (IoT) Security Product Market Share and BPS Analysis by Country 2020 to 2030
Figure 144: Middle East & Africa Internet of Things (IoT) Security Product Market Y-o-Y Growth by Country, 2020 to 2030
Figure 145: Middle East & Africa Internet of Things (IoT) Security Product Market: Market Attractiveness by Country
Figure 146: GCC Countries Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 147: Turkey Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Figure 148: South Africa Internet of Things (IoT) Security Product Market Absolute $ Opportunity
The global Internet of Things (IoT) Security Product is anticipated to hold a market value of USD 48 Billion by 2027.
IBM Corporation, Cisco Systems Inc., and AT&T Inc. are some of the key players in the market.
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Internet of Things (IoT) Security Product Market
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