IoT Security Market Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis 2022-2031

Posted on 2022-08-08 by Sandeep in Technology // 0 Comments

New York, 2022-Aug-08 — /EPR Network/ — According to a new market research report published by Global Insight Services “IoT Security Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

IoT Security technology helps protect internet-connected devices and the data they collect. It does this by providing a secure connection between devices and the internet, and by ensuring that only authorized devices and users can access data. IoT Security technology can also help detect and prevent attacks on devices and data, and can provide a way to remotely disable or delete data if a device is lost or stolen.

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Key Players

Allot Ltd.
Armis Inc.
CENTRI Technology
Cisco Systems Inc.
ForgeRock Inc.
Fortinet Inc.

Key Trends and Drivers

IoT security is a rapidly evolving market with new technologies and trends constantly emerging. Here are some of the key trends in IoT security:

Increased focus on security at the device level: With the number of IoT devices increasing exponentially, there is a need for greater security at the device level. This includes both hardware and software security measures.
Improved data security: As more and more data is collected and transmitted via IoT devices, security concerns are growing. There is a need for better data security measures, such as encryption and data anonymization.
Improved authentication and authorization: Another key trend in IoT security is the need for improved authentication and authorization. This includes both user authentication (such as biometrics) and device authentication.
Greater need for security analytics: With the sheer volume of data generated by IoT devices, security analytics is becoming increasingly important. This helps organizations to identify and respond to threats in real-time.
Increased use of blockchain: Blockchain is being increasingly used for IoT security, due to its tamper-proof and distributed nature. This trend is likely to continue as more organizations explore the potential of blockchain for IoT security.

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Market Segments

By Component

Solutions
Services

By Security Type

Network Security
Endpoint Security
Application Security
Cloud Security
Others

By Vertical

Energy and Utilities
Manufacturing
Automotive
Transport
Consumer Electronics
Healthcare
Others

Reasons to buy IoT Security Market Report:

Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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