[404 pages Report] The global Internet of Things (IoT) Security Product market is estimated to grow from USD 12 Billion in 2017 to USD 48 Billion by 2027, expanding at a CAGR of 14.9% from 2017 to 2027.
| Attribute | Details |
|---|---|
| The estimated value of the Global Internet of Things (IoT) Security Product Market by 2027 | USD 48 Billion |
| Market Value of Global Internet of Things (IoT) Security Product in 2017 | USD 12 Billion |
| Estimated CAGR from 2017 to 2027 | 14.9% |
The emergence of players and the rise in the launch of IoT security offerings are likely to boost the market. The increasing number of service providers is also enhancing the growth of the industry.
The smart grid segment is anticipated to witness the maximum growth during the review period. The ongoing development of smart grid applications is likely to augment the market.
The East Asia Region has been predicted to acquire the forefront position in the IoT Security market due to the increasing usage of IoT-enables smart connected devices.
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In order to offer cutting-edge technology and cater to the rising demand for IoT among businesses, prominent players in the IoT space are focussing on entering into partnerships and collaborations with other players in the IoT market. Various connected device manufacturers such as Cisco Systems Inc., telecommunication network solution providers such as AT&T Inc., and technology companies such as IBM Corporation are opting to offer smart solutions for advanced data analytics by utilizing IoT platforms.
Future Market Insights forecasts revenue from the global IoT security product market to increase from US$ 12 Billion in 2017 to about US$ 48 Billion by 2027 end, representing a CAGR of 14.9% from 2017 to 2027. This increasing revenue growth is attributed to the continuous launching of IoT security offerings and the emergence of niche players in the market. Moreover, an increasing number of service providers is also supporting the revenue growth of this market.
Government organisations of various countries have partnered with major technology companies for implementing IoT across urban cities. These organisations are also providing funds for the development of IoT applications to technology vendors. Due to increasing smart city projects, the adoption of sensor applications is rising significantly.
A growing number of connected devices is expected to fuel demand for IoT security in North America. For instance, the USA government invested US$ 8.8 Billion in 2015 in IoT for infrastructure, software and cyber security solutions.
Principal Consultant
Growing number of devices connected to each other via IoT has resulted in increasing vulnerability in terms of security of the entire IoT ecosystem. Increasing intensity of cyber-attacks on IoT networks and devices has prompted solution providers to focus more on security aspects, which is driving market demand for IoT security solutions globally.
In December 2016, Dyn Inc., which is a USA based managing domain name system (DNS) Infrastructure Company, witnessed a Distributed Denial of Service (DDoS) attack from a malware known as Mirai botnet, wherein a number of interconnected IoT devices were being used to conduct cyber-attacks, resulting in disruption of Internet services across the USA
Although a number of governing authorities have issued guidelines to be followed by IoT device manufacturers so as to protect against cyber-attacks on IoT networks and devices, many device manufacturers and users are not strictly adhering to these guidelines and taking precautionary measures.
Non-adherence to these guidelines results in security lapses, which cyber attackers can take advantage of and this creates challenges for IoT security solution providers. This factor is expected to hamper growth of the IoT security product market to a large extent.
In terms of value, the smart grid segment is projected to be the most attractive in the global IoT security product market during the forecast period. However, the home and building automation segment is expected to register high Y-o-Y growth rates throughout the forecast period.
In terms of value, the home and building automation segment is expected to register a CAGR of 16.2% during the forecast period. In 2016, the smart grid segment was valued at US$ 3,697.8 Million and is expected to witness steady growth in terms of revenue throughout the forecast period.
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The global Internet of Things (IoT) Security Product is anticipated to hold a market value of USD 48 Billion by 2027.
IBM Corporation, Cisco Systems Inc., and AT&T Inc. are some of the key players in the market.
1. Executive Summary | Internet of Things (IoT) Security Product Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Structure Analysis
3.1. Market Analysis by Tier of Companies
3.2. Market Concentration
3.3. Market Share Analysis of Top Players
3.4. Market Presence Analysis
3.4.1. Regional Footprint by Players
3.4.2. Product Footprint by Players
3.4.3. Channel Footprint by Players
4. Global Demand (in Value or Size in US$ Million) Analysis 2015 to 2019 and Forecast, 2020 to 2030
4.1. Historical Market Value (US$ Million) Analysis, 2015 to 2019
4.2. Current and Future Market Value (US$ Million) Projections, 2020 to 2030
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Global GDP Growth Outlook
5.1.2. Global City Growth Outlook
5.1.3. Global ICT Spending Outlook
5.2. Forecast Factors - Relevance & Impact
5.3. Value Chain
5.4. Market Dynamics
5.4.1. Drivers
5.4.2. Restraints
5.4.3. Opportunity Analysis
6. Global, Key Use Cases (Qualitative)
6.1. How for IoT devices
6.2. for smart cities projects
6.3. Adoption of smart connected devices
6.4. Others
7. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Component
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Million) Analysis By Component, 2015 to 2019
7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component, 2020 to 2030
7.3.1. Hardware
7.3.2. Software
7.4. Market Attractiveness Analysis By Component
8. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Deployment Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Deployment Type, 2015 to 2019
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Deployment Type, 2020 to 2030
8.3.1. End-point or Device Security
8.3.2. Network Security
8.3.3. Identity and Access Management
8.3.4. Vulnerability Management
8.3.5. Messaging Security
8.3.6. Web Security
8.3.7. Others
8.4. Market Attractiveness Analysis By Deployment Type
9. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Application, 2015 to 2019
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2020 to 2030
9.3.1. Machine-to-Machine (M2M) Communication
9.3.2. Smart Grid
9.3.3. Home and Building Automation
9.3.4. Wearable Computing Devices
9.3.5. Vehicle-to-Vehicle (V2V) Communication
9.4. Market Attractiveness Analysis By Application
10. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, By Verticals
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By Verticals, 2015 to 2019
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Verticals, 2020 to 2030
10.3.1. Consumer Goods and Retail
10.3.2. Manufacturing
10.3.3. Transportation and Logistics
10.3.4. Healthcare
10.3.5. Energy and Utility
10.3.6. Others
10.4. Market Attractiveness Analysis By Verticals
11. Global Analysis 2015 to 2019 and Forecast 2020 to 2030, by Region
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2019
11.3. Current Market Size (US$ Million) Analysis and Forecast By Region, 2020 to 2030
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia & Pacific
11.3.6. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Analysis 2015 to 2019 and Forecast 2020 to 2030
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019
12.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030
12.3.1. By Country
12.3.1.1. The USA
12.3.1.2. Canada
12.3.2. By Component
12.3.3. By Deployment Type
12.3.4. By Application
12.3.5. By Verticals
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Component
12.4.3. By Deployment Type
12.4.4. By Application
12.4.5. By Verticals
12.5. Key Market Participants - Intensity Mapping
12.6. Drivers and Restraints - Impact Analysis
13. Latin America Analysis 2015 to 2019 and Forecast 2020 to 2030
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019
13.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Rest of Latin America
13.3.2. By Component
13.3.3. By Deployment Type
13.3.4. By Application
13.3.5. By Verticals
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Component
13.4.3. By Deployment Type
13.4.4. By Application
13.4.5. By Verticals
13.5. Key Market Participants - Intensity Mapping
13.6. Drivers and Restraints - Impact Analysis
14. Europe Analysis 2015 to 2019 and Forecast 2020 to 2030
14.1. Introduction / Key Findings
14.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019
14.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030
14.3.1. By Country
14.3.1.1. The UK
14.3.1.2. France
14.3.1.3. Germany
14.3.1.4. Italy
14.3.1.5. Spain
14.3.1.6. BENELUX
14.3.1.7. Russia
14.3.2. By Component
14.3.3. By Deployment Type
14.3.4. By Application
14.3.5. By Verticals
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Component
14.4.3. By Deployment Type
14.4.4. By Application
14.4.5. By Verticals
14.5. Key Market Participants - Intensity Mapping
14.6. Drivers and Restraints - Impact Analysis
15. East Asia Analysis 2015 to 2019 and Forecast 2020 to 2030
15.1. Introduction / Key Findings
15.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019
15.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030
15.3.1. By Country
15.3.1.1. China
15.3.1.2. Japan
15.3.1.3. South Korea
15.3.2. By Component
15.3.3. By Deployment Type
15.3.4. By Application
15.3.5. By Verticals
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Component
15.4.3. By Deployment Type
15.4.4. By Application
15.4.5. By Verticals
15.5. Key Market Participants - Intensity Mapping
15.6. Drivers and Restraints - Impact Analysis
16. South Asia & Pacific Analysis 2015 to 2019 and Forecast 2020 to 2030
16.1. Introduction / Key Findings
16.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019
16.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030
16.3.1. By Country
16.3.1.1. India
16.3.1.2. Thailand
16.3.1.3. Indonesia
16.3.1.4. Malaysia
16.3.1.5. Australia & New Zealand
16.3.2. By Component
16.3.3. By Deployment Type
16.3.4. By Application
16.3.5. By Verticals
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Component
16.4.3. By Deployment Type
16.4.4. By Application
16.4.5. By Verticals
16.5. Key Market Participants - Intensity Mapping
16.6. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Analysis 2015 to 2019 and Forecast 2020 to 2030
17.1. Introduction / Key Findings
17.2. Historical Market Size (US$ Million) Analysis By Market Taxonomy, 2015 to 2019
17.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2020 to 2030
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. Turkey
17.3.1.3. South Africa
17.3.2. By Component
17.3.3. By Deployment Type
17.3.4. By Application
17.3.5. By Verticals
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Component
17.4.3. By Deployment Type
17.4.4. By Application
17.4.5. By Verticals
17.5. Key Market Participants - Intensity Mapping
17.6. Drivers and Restraints - Impact Analysis
18. Key Country Analysis-Analysis
18.1. The USA Retail Market
18.1.1. By Component
18.1.2. By Deployment Type
18.1.3. By Application
18.1.4. By Verticals
18.2. Canada Retail Market
18.2.1. By Component
18.2.2. By Deployment Type
18.2.3. By Application
18.2.4. By Verticals
18.3. Brazil Retail Market
18.3.1. By Component
18.3.2. By Deployment Type
18.3.3. By Application
18.3.4. By Verticals
18.4. Mexico Retail Market
18.4.1. By Component
18.4.2. By Deployment Type
18.4.3. By Application
18.4.4. By Verticals
18.5. The UK Retail Market
18.5.1. By Component
18.5.2. By Deployment Type
18.5.3. By Application
18.5.4. By Verticals
18.6. Germany Retail Market
18.6.1. By Component
18.6.2. By Deployment Type
18.6.3. By Application
18.6.4. By Verticals
18.7. France Retail Market
18.7.1. By Component
18.7.2. By Deployment Type
18.7.3. By Application
18.7.4. By Verticals
18.8. Spain Retail Market
18.8.1. By Component
18.8.2. By Deployment Type
18.8.3. By Application
18.8.4. By Verticals
18.9. Italy Retail Market
18.9.1. By Component
18.9.2. By Deployment Type
18.9.3. By Application
18.9.4. By Verticals
18.10. BENELUX Retail Market
18.10.1. By Component
18.10.2. By Deployment Type
18.10.3. By Application
18.10.4. By Verticals
18.11. Russia Retail Market
18.11.1. By Component
18.11.2. By Deployment Type
18.11.3. By Application
18.11.4. By Verticals
18.12. China Retail Market
18.12.1. By Component
18.12.2. By Deployment Type
18.12.3. By Application
18.12.4. By Verticals
18.13. Japan Retail Market
18.13.1. By Component
18.13.2. By Deployment Type
18.13.3. By Application
18.13.4. By Verticals
18.14. South Korea Retail Market
18.14.1. By Component
18.14.2. By Deployment Type
18.14.3. By Application
18.14.4. By Verticals
18.15. India Retail Market
18.15.1. By Component
18.15.2. By Deployment Type
18.15.3. By Application
18.15.4. By Verticals
18.16. Thailand Retail Market
18.16.1. By Component
18.16.2. By Deployment Type
18.16.3. By Application
18.16.4. By Verticals
18.17. Indonesia Retail Market
18.17.1. By Component
18.17.2. By Deployment Type
18.17.3. By Application
18.17.4. By Verticals
18.18. Malaysia Retail Market
18.18.1. By Component
18.18.2. By Deployment Type
18.18.3. By Application
18.18.4. By Verticals
18.19. Australia & New Zealand Retail Market
18.19.1. By Component
18.19.2. By Deployment Type
18.19.3. By Application
18.19.4. By Verticals
18.20. GCC Countries Retail Market
18.20.1. By Component
18.20.2. By Deployment Type
18.20.3. By Application
18.20.4. By Verticals
18.21. Turkey Retail Market
18.21.1. By Component
18.21.2. By Deployment Type
18.21.3. By Application
18.21.4. By Verticals
18.22. South Africa Retail Market
18.22.1. By Component
18.22.2. By Deployment Type
18.22.3. By Application
18.22.4. By Verticals
19. Competition Analysis
19.1. Competition Dashboard
19.2. Pricing Analysis, by Competition
19.3. Competition Deep Dive
19.3.1. International Business Machines Corporation
19.3.1.1. Overview
19.3.1.2. Product/Service Portfolio
19.3.1.3. Profitability by Market Segments (Product / Channel / Region)
19.3.1.4. Sales Footprint
19.3.1.5. Strategy Overview
19.3.1.5.1. Marketing Strategy
19.3.1.5.2. Product Strategy
19.3.1.5.3. Channel Strategy
19.3.2. Cisco Systems
19.3.2.1. Overview
19.3.2.2. Product/Service Portfolio
19.3.2.3. Profitability by Market Segments (Product / Channel / Region)
19.3.2.4. Sales Footprint
19.3.2.5. Strategy Overview
19.3.2.5.1. Marketing Strategy
19.3.2.5.2. Product Strategy
19.3.2.5.3. Channel Strategy
19.3.3. Intel Corporation
19.3.3.1. Overview
19.3.3.2. Product/Service Portfolio
19.3.3.3. Profitability by Market Segments (Product / Channel / Region)
19.3.3.4. Sales Footprint
19.3.3.5. Strategy Overview
19.3.3.5.1. Marketing Strategy
19.3.3.5.2. Product Strategy
19.3.3.5.3. Channel Strategy
19.3.4. Check Point Software Technologies
19.3.4.1. Overview
19.3.4.2. Product/Service Portfolio
19.3.4.3. Profitability by Market Segments (Product / Channel / Region)
19.3.4.4. Sales Footprint
19.3.4.5. Strategy Overview
19.3.4.5.1. Marketing Strategy
19.3.4.5.2. Product Strategy
19.3.4.5.3. Channel Strategy
19.3.5. Trend Micro Inc.
19.3.5.1. Overview
19.3.5.2. Product/Service Portfolio
19.3.5.3. Profitability by Market Segments (Product / Channel / Region)
19.3.5.4. Sales Footprint
19.3.5.5. Strategy Overview
19.3.5.5.1. Marketing Strategy
19.3.5.5.2. Product Strategy
19.3.5.5.3. Channel Strategy
19.3.6. Infineon Technologies AG
19.3.6.1. Overview
19.3.6.2. Product/Service Portfolio
19.3.6.3. Profitability by Market Segments (Product / Channel / Region)
19.3.6.4. Sales Footprint
19.3.6.5. Strategy Overview
19.3.6.5.1. Marketing Strategy
19.3.6.5.2. Product Strategy
19.3.6.5.3. Channel Strategy
19.3.7. Symantec Technology Ltd.
19.3.7.1. Overview
19.3.7.2. Product/Service Portfolio
19.3.7.3. Profitability by Market Segments (Product / Channel / Region)
19.3.7.4. Sales Footprint
19.3.7.5. Strategy Overview
19.3.7.5.1. Marketing Strategy
19.3.7.5.2. Product Strategy
19.3.7.5.3. Channel Strategy
19.3.8. Sophos Group Plc.
19.3.8.1. Overview
19.3.8.2. Product/Service Portfolio
19.3.8.3. Profitability by Market Segments (Product / Channel / Region)
19.3.8.4. Sales Footprint
19.3.8.5. Strategy Overview
19.3.8.5.1. Marketing Strategy
19.3.8.5.2. Product Strategy
19.3.8.5.3. Channel Strategy
19.3.9. Palo Alto Networks, Inc.
19.3.9.1. Overview
19.3.9.2. Product/Service Portfolio
19.3.9.3. Profitability by Market Segments (Product / Channel / Region)
19.3.9.4. Sales Footprint
19.3.9.5. Strategy Overview
19.3.9.5.1. Marketing Strategy
19.3.9.5.2. Product Strategy
19.3.9.5.3. Channel Strategy
19.3.10. Arm Holdings
19.3.10.1. Overview
19.3.10.2. Product/Service Portfolio
19.3.10.3. Profitability by Market Segments (Product / Channel / Region)
19.3.10.4. Sales Footprint
19.3.10.5. Strategy Overview
19.3.10.5.1. Marketing Strategy
19.3.10.5.2. Product Strategy
19.3.10.5.3. Channel Strategy
20. Assumptions and Acronyms Used
21. Research Methodology
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Internet of Things (IoT) Security Product Market
