Market Development : Internet of Things Security Market Globally Grow at a CAGR of 47.91% by 2021

IoT refers to the communication between connected devices within a network. Data is transmitted between smart devices, such as thermostats and sensors, which are further connected to the users mobile devices. The interconnection of embedded hardware devices, communication services, software, and IT services makes the operations of IoT devices efficient. It helps in remote monitoring and management of numerous interconnected devices. IoT also enables the creation of smart homes, smart shopping, smart transportation, and smart healthcare.

Technavios analysts forecast the global IoT security market to grow at a CAGR of 47.91% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global IoT security market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of network security solutions, including hardware, software, and services (including managed services).

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global IoT Security Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Cisco
Wurldtech Security Technologies
IBM
Infineon Technologies
Intel
Symantec

Other prominent vendors
Cypress
Digi International
Ericsson
Eurotech
Fortinet
Gemalto
Kore Wireless
NetComm Wireless
Nokia
Numerex
Palo Alto Networks
PTC (Axeda)
Rockwell Automation
Secure Crossing
Sierra Wireless
Sophos
Systech Solutions
Telit
Tofino
Ventus Wireless

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Market driver
Proliferation of connected devices and high data generation resulting in exploitation of data security gaps
For a full, detailed list, view our report

Market challenge
Need for high investment in IoT security infrastructure
For a full, detailed list, view our report

Market trend
Shift toward multifactor authentication
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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