Skip to main content

Global IoT Security Market Growth to Surge with Rising Demand for IoT Applications

According to the estimations put forth by Inkwood Research, the Global IoT Security Market is predicted to project a CAGR of 21.99% in terms of revenue during the forecasting years of 2021-2026.

“Browse 61 Market Data Tables and 61 Figures spread over 180 Pages, along with an in-depth TOC on the Global IoT Security Market Forecast 2021-2026.”

REQUEST CUSTOMIZATION LINK - https://www.inkwoodresearch.com/request-for-custom-report/

REQUEST FREE SAMPLE LINK - https://www.inkwoodresearch.com/reports/iot-security-market/#request-free-sample

VIEW TABLE OF CONTENT LINK - https://www.inkwoodresearch.com/reports/iot-security-market/#table-of-contents

BUY NOW- https://www.inkwoodresearch.com/reports/iot-security-market/

 

IoT encompasses internet connectivity to a system of interrelated computing devices. Enabling connection to the internet incurs serious threats and vulnerabilities. IoT security has thus become a prime area of focus.

Growing Demand for IoT Applications drives Market Growth

There is an emerging trend of IoT in organizations, making devices and applications vulnerable to advanced persistent threats (APTs). The growing number of mobile devices within organizations is obstructing the IT teams from tracking and managing data flow in several systems. This has further increased the adoption of IoT security systems for protecting sensitive information by resolving, monitoring, and classifying all kinds of attacks.

Moreover, the surging adoption of IoT devices in industrial, residential, and commercial sectors, is set to drive the market growth. Several government initiatives with regard to smart cities, smart homes, and connected building, fuel market growth. Furthermore, the trend of automation in energy management through smart grids has increased the threat of cyberattacks in the utility industry. The rising deployment of IoT-based security products is set to contribute to the overall growth of the market.



To know more about this report, request a free sample copy.

Consulting is the Leading Service, with the Largest Market Share

IoT consulting services aid the business or enterprise evaluate strategies in accordance with current market challenges and opportunities, and defend against IoT attacks. Most security consulting companies offer end-to-end system integration, intelligent platform architecture, and testing. Consulting services entail device management, where consultants oversee the efficiency of the device in maintaining the desired level of connectivity and longevity. The growing demand for consulting security services is a result of enterprises planning to secure their networks and device by hiring a consultant. Security consultants aid in executing the risk assessment program.

Asia Pacific harbors the highest CAGR

The Asia Pacific region encompasses increasing penetration of the internet, the rising trend of BYOD, and the growing usage of mobile data. There has also been an increase in IoT security usage in industry verticals like healthcare, retail, tourism, and IT & Telecom. Moreover, there is a growing volume of data and rising digitization, along with the increasing investment in IoT security solutions & services by the government. This is further set to surge the demand and growth of the IoT security market.

The market entails several global and regional players. The R&D costs borne by the company indicate the tough barriers to exit. Moreover, innovations are evaluated to sustain a competitive advantage. Cisco Systems Inc, Microsoft Corporation, Palo Alto Networks Inc, Fortinet Inc, IBM Corporation, etc., are some of the eminent companies in the market.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

Contact Us

https://www.inkwoodresearch.com

sales@inkwoodresearch.com

+1 857-302-4704

Related Reports:

GLOBAL IOT SENSORS MARKET

 

 

 

Labels:

Comments

Post a Comment

Popular posts from this blog

HIV and Lyme Disease to Fuel Western Blotting Market Growth

  As per Inkwood Research, the Global Western Blotting Market is expected to grow at a CAGR of 6.67% in terms of revenue over the forecasting period of 2024-2032. “Browse 72 Market Data Tables and 60 Figures spread over 235 Pages, along with an in-depth TOC on the Global Western Blotting Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Western blotting is a laboratory technique used to detect specific proteins in a sample by separating them through gel electrophoresis and transferring them onto a membrane. It allows researchers to identify, quantify, and analyze protein expression, size, and modifications in biological samples. REQUEST FREE SAMPLE Rising HIV and Lyme Disease to Push Western Blotting Market Growth The rising incidence of HIV and Lyme disease is significantly driving the growth of the western blotting market. As a crucial diagnostic tool, western blotting enables the accurate detection of specific proteins associated with these infections, prov...
Post a Comment
Read more

Stringent Composite Disposal Regulations Fuel FRP Recycling Market Growth

  As per Inkwood Research, the Global Fiber-Reinforced Plastic (FRP) Recycling Market is set to grow at a CAGR of 8.19% in terms of revenue and 7.79% in terms of volume during the forecasting period of 2024-2032. “Browse 59 Market Data Tables and 44 Figures spread over 215 Pages, along with an in-depth TOC on the Global Fiber-Reinforced Plastic (FRP) Recycling Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Fiber-reinforced plastic (FRP) recycling involves reclaiming and reusing materials from products made of FRP composites. REQUEST FREE SAMPLE   These composites are composed of a polymer matrix reinforced with fibers such as glass, carbon, or aramid. The goal of FRP recycling is to minimize waste and reduce environmental impact by recovering valuable materials from these products, preventing them from being discarded in landfills or incinerated. Stringent Composite Disposal Regulations Boost Global Market Growth Stringent composite disposal regul...
Post a Comment
Read more

Tech Innovations to Aid Hydrogen Fuel Cell Recycling Market Growth

  As per Inkwood Research, the Global Hydrogen Fuel Cell Recycling Market is expected to grow at a CAGR of 14.20% in terms of revenue over the forecasting period of 2024-2032. “Browse 36 Market Data Tables and 42 Figures spread over 200 Pages, along with an in-depth TOC on the Global Hydrogen Fuel Cell Recycling Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Hydrogen fuel cell recycling is an emerging field focused on reclaiming valuable materials, such as platinum and other metals, from spent fuel cells to promote sustainability and reduce costs. REQUEST FREE SAMPLE Efficient recycling processes can significantly minimize environmental impact by recovering resources that would otherwise be lost in landfills. As the demand for hydrogen fuel cells grows in sectors like transportation and energy, developing effective recycling methods will be crucial for creating a circular economy in the hydrogen industry. Tech Advancements to Propel Hydrogen Fuel Cell Recycling Market Gr...
Post a Comment
Read more