Technavio, a tech-focused market research firm, has published a new report on the global IoT security market, which is expected to grow at a CAGR of close to 48% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global IoT security market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
Click here to request a free sample of this report
Top three contributors for the global IoT security market are elaborated below
IoT security market in the Americas: The market for IoT security in the Americas is led by North American countries, especially the US. The security concerns related to connected devices among end-users is the driving force behind the demand for IoT security in the region. During the forecast period, the growth of the consumer electronics and wearables, especially in the gaming, healthcare, and entertainment sectors is anticipated to reflect positively on the IoT security market in the Americas.
According to Ishmeet Kaur, a lead analyst at Technavio, specializing in research on enterprise application, “Biometric technologies are being increasingly used to identify and manage access to confidential information or to gain access to secure premises. HYPR, a biometric authentication solution provider, provides HYPR-2 SDK to enhance the use of biometric technologies to secure data transmission between connected devices.”
IoT security market in EMEA: Germany is the key revenue generator in the IoT security market in EMEA. Implementation of stringent regulations in the region to maintain energy efficiency is expected to foster the growth of this market during the forecast period.
IoT security market in APAC: The growing number of government initiatives in China for setting up smart cities is one of the key incentives for the growth of the IoT security market in APAC. The establishment of production facilities in the region by automakers such as Volkswagen, Ford, GM, and Daimler Chrysler is also expected to have a positive impact on the market in APAC in the coming years.
Ask an analyst to know more about this report
Leading vendors operating in the global IoT security market are:
- Cisco
- Wurldtech Security Technologies
- IBM
- Infineon Technologies
- Intel
- Symantec
Other prominent vendors in the market include Cypress, Digi International, Ericsson, Eurotech, Fortinet, Gemalto, Kore Wireless, NetComm Wireless, Nokia, Numerex, Palo Alto Networks, PTC, Rockwell Automation, Secure Crossing, Sierra Wireless, Sophos, Systech Solutions, Telit, Tofino, and Ventus Wireless.
A more detailed analysis is available in the Technavio report titled, ‘Global IoT Security Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Internet of Nano Things Market 2016-2020
- Global Industrial Internet-of-Things Market 2016-2020
- Global Internet of Things Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
