This market research report covers the growth prospects of the global M2M network security market with segmentation based on end-users (utilities, automotive, healthcare, consumer electronics, and intelligent buildings). It outlines the market shares of key regions such as North America, Europe, Latin America, MEA, and APAC. It also includes an insightful analysis of the leading vendors in this market such as Cisco, Gemalto, Kore Wireless, Numerex, and PTC (Axeda).
Technavio has released updated information on the network security market, with the publication of its new market research report, global M2M network security market. The global M2M network security market is expected to generate revenues of $410 million between 2016 and 2020. The utilities and automotive sectors are major adopters of M2M network security solutions. With an increase in adoption of M2M by enterprises, maintaining security becomes essential to ensure the confidentiality of data during transmission within the network. Europe dominate the global M2M network security market because of the high concentration of M2M applications and devices in large enterprises and SMEs in this region.
“The emergence of smart cities concept has intensified the growth of M2M network security. Smart cities use M2M applications that allow communication between devices and help end users to respond faster to the challenges being faced. For instance, traffic control, home monitoring, waste management, water management, and safe and intelligent transportation. To ensure security of the network infrastructure in these smart cities, it is important to implement M2M network security solutions,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research
This market research report emphasizes the growing need for a high level of network security in M2M services and technology. The market is witnessing a growing prevalence of M2M devices in connected health and connected car services that require security for data transmission. Given the rapid adoption of cellular M2M, the market revenues are predicted to surge significantly over the next four years.
The key vendors in the global M2M network security market include Cisco, Gemalto, Kore Wireless, Numerex, and PTC (Axeda). Cisco, though a late entrant to the market, continues to hold a key position. It has entered into cellular-based router product platforms through the launch of their hardened routers that have the option of 3G / 4G connectivity. These routers are on the higher side in terms of both functionality and price and are more of a niche product in M2M market. With similar product launches and investments in R&D, the competitive environment of this market is expected to intensify in the coming years. The market is also likely to witness a growing trend of local acquisitions by the leading players.
A more detailed analysis is available in the Technavio report, Global M2M Network Security Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Global Home Security System Market 2015-2019
- Global Cyber Security Market 2016-2020
- Global SSL Certification Market 2016-2020
- Global DDoS Prevention Market 2015-2019
Further reading:
