[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.
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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 US$ 12 Billion in 2017 to about US$ 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 US$ 8.8 Billion in 2015 in IoT for infrastructure, software and cyber security solutions.
Principal Consultant
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.
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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 US$ 3,697.8 Million and is expected to witness steady growth in terms of revenue throughout the forecast period.
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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.
1. Executive Summary | Internet of Things (IoT) Security Product Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Structure Analysis 3.1. Market Analysis by Tier of Companies 3.2. Market Concentration 3.3. Market Share Analysis of Top Players 3.4. Market Presence Analysis 3.4.1. Regional Footprint by Players 3.4.2. Product Footprint by Players 3.4.3. Channel Footprint by Players 4. Global Demand (in Value or Size in US$ Million) Analysis 2015 to 2019 and Forecast, 2020 to 2030 4.1. Historical Market Value (US$ Million) Analysis, 2015 to 2019 4.2. Current and Future Market Value (US$ Million) Projections, 2020 to 2030 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Market Background 5.1. Macro-Economic Factors 5.1.1. Global GDP Growth Outlook 5.1.2. Global City Growth Outlook 5.1.3. Global ICT Spending Outlook 5.2. Forecast Factors - Relevance & Impact 5.3. Value Chain 5.4. Market Dynamics 5.4.1. Drivers 5.4.2. Restraints 5.4.3. Opportunity Analysis 6. Global, Key Use Cases (Qualitative) 6.1. How for IoT devices 6.2. for smart cities projects 6.3. Adoption of smart connected devices 6.4. Others 7. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Component 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Million) Analysis By Component, 2015 to 2019 7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component, 2020 to 2030 7.3.1. Hardware 7.3.2. Software 7.4. Market Attractiveness Analysis By Component 8. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Deployment Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Deployment Type, 2015 to 2019 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Deployment Type, 2020 to 2030 8.3.1. End-point or Device Security 8.3.2. Network Security 8.3.3. Identity and Access Management 8.3.4. Vulnerability Management 8.3.5. Messaging Security 8.3.6. Web Security 8.3.7. Others 8.4. Market Attractiveness Analysis By Deployment Type 9. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Application, 2015 to 2019 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2020 to 2030 9.3.1. Machine-to-Machine (M2M) Communication 9.3.2. Smart Grid 9.3.3. Home and Building Automation 9.3.4. Wearable Computing Devices 9.3.5. Vehicle-to-Vehicle (V2V) Communication 9.4. Market Attractiveness Analysis By Application 10. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Verticals 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) Analysis By Verticals, 2015 to 2019 10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Verticals, 2020 to 2030 10.3.1. Consumer Goods and Retail 10.3.2. Manufacturing 10.3.3. Transportation and Logistics 10.3.4. Healthcare 10.3.5. Energy and Utility 10.3.6. Others 10.4. Market Attractiveness Analysis By Verticals 11. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, by Region 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2019 11.3. Current Market Size (US$ Million) Analysis and Forecast By Region, 2020 to 2030 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia & Pacific 11.3.6. Middle East and Africa (MEA) 11.4. Market Attractiveness Analysis By Region 12. North America Analysis 2015 to 2019 and Forecast 2020 to 2030 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019 12.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030 12.3.1. By Country 12.3.1.1. The USA 12.3.1.2. Canada 12.3.2. By Component 12.3.3. By Deployment Type 12.3.4. By Application 12.3.5. By Verticals 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Component 12.4.3. By Deployment Type 12.4.4. By Application 12.4.5. By Verticals 12.5. Key Market Participants - Intensity Mapping 12.6. Drivers and Restraints - Impact Analysis 13. Latin America Analysis 2015 to 2019 and Forecast 2020 to 2030 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019 13.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030 13.3.1. By Country 13.3.1.1. Brazil 13.3.1.2. Mexico 13.3.1.3. Rest of Latin America 13.3.2. By Component 13.3.3. By Deployment Type 13.3.4. By Application 13.3.5. By Verticals 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Component 13.4.3. By Deployment Type 13.4.4. By Application 13.4.5. By Verticals 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. Europe Analysis 2015 to 2019 and Forecast 2020 to 2030 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019 14.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030 14.3.1. By Country 14.3.1.1. The UK 14.3.1.2. France 14.3.1.3. Germany 14.3.1.4. Italy 14.3.1.5. Spain 14.3.1.6. BENELUX 14.3.1.7. Russia 14.3.2. By Component 14.3.3. By Deployment Type 14.3.4. By Application 14.3.5. By Verticals 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Component 14.4.3. By Deployment Type 14.4.4. By Application 14.4.5. By Verticals 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. East Asia Analysis 2015 to 2019 and Forecast 2020 to 2030 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019 15.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Component 15.3.3. By Deployment Type 15.3.4. By Application 15.3.5. By Verticals 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Component 15.4.3. By Deployment Type 15.4.4. By Application 15.4.5. By Verticals 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. South Asia & Pacific Analysis 2015 to 2019 and Forecast 2020 to 2030 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019 16.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Indonesia 16.3.1.4. Malaysia 16.3.1.5. Australia & New Zealand 16.3.2. By Component 16.3.3. By Deployment Type 16.3.4. By Application 16.3.5. By Verticals 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Component 16.4.3. By Deployment Type 16.4.4. By Application 16.4.5. By Verticals 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. Middle East and Africa Analysis 2015 to 2019 and Forecast 2020 to 2030 17.1. Introduction / Key Findings 17.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019 17.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkey 17.3.1.3. South Africa 17.3.2. By Component 17.3.3. By Deployment Type 17.3.4. By Application 17.3.5. By Verticals 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Component 17.4.3. By Deployment Type 17.4.4. By Application 17.4.5. By Verticals 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Key Country Analysis-Analysis 18.1. The USA Retail Market 18.1.1. By Component 18.1.2. By Deployment Type 18.1.3. By Application 18.1.4. By Verticals 18.2. Canada Retail Market 18.2.1. By Component 18.2.2. By Deployment Type 18.2.3. By Application 18.2.4. By Verticals 18.3. Brazil Retail Market 18.3.1. By Component 18.3.2. By Deployment Type 18.3.3. By Application 18.3.4. By Verticals 18.4. Mexico Retail Market 18.4.1. By Component 18.4.2. By Deployment Type 18.4.3. By Application 18.4.4. By Verticals 18.5. The UK Retail Market 18.5.1. By Component 18.5.2. By Deployment Type 18.5.3. By Application 18.5.4. By Verticals 18.6. Germany Retail Market 18.6.1. By Component 18.6.2. By Deployment Type 18.6.3. By Application 18.6.4. By Verticals 18.7. France Retail Market 18.7.1. By Component 18.7.2. By Deployment Type 18.7.3. By Application 18.7.4. By Verticals 18.8. Spain Retail Market 18.8.1. By Component 18.8.2. By Deployment Type 18.8.3. By Application 18.8.4. By Verticals 18.9. Italy Retail Market 18.9.1. By Component 18.9.2. By Deployment Type 18.9.3. By Application 18.9.4. By Verticals 18.10. BENELUX Retail Market 18.10.1. By Component 18.10.2. By Deployment Type 18.10.3. By Application 18.10.4. By Verticals 18.11. Russia Retail Market 18.11.1. By Component 18.11.2. By Deployment Type 18.11.3. By Application 18.11.4. By Verticals 18.12. China Retail Market 18.12.1. By Component 18.12.2. By Deployment Type 18.12.3. By Application 18.12.4. By Verticals 18.13. Japan Retail Market 18.13.1. By Component 18.13.2. By Deployment Type 18.13.3. By Application 18.13.4. By Verticals 18.14. South Korea Retail Market 18.14.1. By Component 18.14.2. By Deployment Type 18.14.3. By Application 18.14.4. By Verticals 18.15. India Retail Market 18.15.1. By Component 18.15.2. By Deployment Type 18.15.3. By Application 18.15.4. By Verticals 18.16. Thailand Retail Market 18.16.1. By Component 18.16.2. By Deployment Type 18.16.3. By Application 18.16.4. By Verticals 18.17. Indonesia Retail Market 18.17.1. By Component 18.17.2. By Deployment Type 18.17.3. By Application 18.17.4. By Verticals 18.18. Malaysia Retail Market 18.18.1. By Component 18.18.2. By Deployment Type 18.18.3. By Application 18.18.4. By Verticals 18.19. Australia & New Zealand Retail Market 18.19.1. By Component 18.19.2. By Deployment Type 18.19.3. By Application 18.19.4. By Verticals 18.20. GCC Countries Retail Market 18.20.1. By Component 18.20.2. By Deployment Type 18.20.3. By Application 18.20.4. By Verticals 18.21. Turkey Retail Market 18.21.1. By Component 18.21.2. By Deployment Type 18.21.3. By Application 18.21.4. By Verticals 18.22. South Africa Retail Market 18.22.1. By Component 18.22.2. By Deployment Type 18.22.3. By Application 18.22.4. By Verticals 19. Competition Analysis 19.1. Competition Dashboard 19.2. Pricing Analysis, by Competition 19.3. Competition Deep Dive 19.3.1. International Business Machines Corporation 19.3.1.1. Overview 19.3.1.2. Product/Service Portfolio 19.3.1.3. Profitability by Market Segments (Product / Channel / Region) 19.3.1.4. Sales Footprint 19.3.1.5. Strategy Overview 19.3.1.5.1. Marketing Strategy 19.3.1.5.2. Product Strategy 19.3.1.5.3. Channel Strategy 19.3.2. Cisco Systems 19.3.2.1. Overview 19.3.2.2. Product/Service Portfolio 19.3.2.3. Profitability by Market Segments (Product / Channel / Region) 19.3.2.4. Sales Footprint 19.3.2.5. Strategy Overview 19.3.2.5.1. Marketing Strategy 19.3.2.5.2. Product Strategy 19.3.2.5.3. Channel Strategy 19.3.3. Intel Corporation 19.3.3.1. Overview 19.3.3.2. Product/Service Portfolio 19.3.3.3. Profitability by Market Segments (Product / Channel / Region) 19.3.3.4. Sales Footprint 19.3.3.5. Strategy Overview 19.3.3.5.1. Marketing Strategy 19.3.3.5.2. Product Strategy 19.3.3.5.3. Channel Strategy 19.3.4. Check Point Software Technologies 19.3.4.1. Overview 19.3.4.2. Product/Service Portfolio 19.3.4.3. Profitability by Market Segments (Product / Channel / Region) 19.3.4.4. Sales Footprint 19.3.4.5. Strategy Overview 19.3.4.5.1. Marketing Strategy 19.3.4.5.2. Product Strategy 19.3.4.5.3. Channel Strategy 19.3.5. Trend Micro Inc. 19.3.5.1. Overview 19.3.5.2. Product/Service Portfolio 19.3.5.3. Profitability by Market Segments (Product / Channel / Region) 19.3.5.4. Sales Footprint 19.3.5.5. Strategy Overview 19.3.5.5.1. Marketing Strategy 19.3.5.5.2. Product Strategy 19.3.5.5.3. Channel Strategy 19.3.6. Infineon Technologies AG 19.3.6.1. Overview 19.3.6.2. Product/Service Portfolio 19.3.6.3. Profitability by Market Segments (Product / Channel / Region) 19.3.6.4. Sales Footprint 19.3.6.5. Strategy Overview 19.3.6.5.1. Marketing Strategy 19.3.6.5.2. Product Strategy 19.3.6.5.3. Channel Strategy 19.3.7. Symantec Technology Ltd. 19.3.7.1. Overview 19.3.7.2. Product/Service Portfolio 19.3.7.3. Profitability by Market Segments (Product / Channel / Region) 19.3.7.4. Sales Footprint 19.3.7.5. Strategy Overview 19.3.7.5.1. Marketing Strategy 19.3.7.5.2. Product Strategy 19.3.7.5.3. Channel Strategy 19.3.8. Sophos Group Plc. 19.3.8.1. Overview 19.3.8.2. Product/Service Portfolio 19.3.8.3. Profitability by Market Segments (Product / Channel / Region) 19.3.8.4. Sales Footprint 19.3.8.5. Strategy Overview 19.3.8.5.1. Marketing Strategy 19.3.8.5.2. Product Strategy 19.3.8.5.3. Channel Strategy 19.3.9. Palo Alto Networks, Inc. 19.3.9.1. Overview 19.3.9.2. Product/Service Portfolio 19.3.9.3. Profitability by Market Segments (Product / Channel / Region) 19.3.9.4. Sales Footprint 19.3.9.5. Strategy Overview 19.3.9.5.1. Marketing Strategy 19.3.9.5.2. Product Strategy 19.3.9.5.3. Channel Strategy 19.3.10. Arm Holdings 19.3.10.1. Overview 19.3.10.2. Product/Service Portfolio 19.3.10.3. Profitability by Market Segments (Product / Channel / Region) 19.3.10.4. Sales Footprint 19.3.10.5. Strategy Overview 19.3.10.5.1. Marketing Strategy 19.3.10.5.2. Product Strategy 19.3.10.5.3. Channel Strategy 20. Assumptions and Acronyms Used 21. Research Methodology
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Internet of Things (IoT) Security Product Market
