IoT Security Market Analysis - IoT Security Market Trends, Market Drivers, and Forecast

IoT Security Market Overview

Our latest Internet of things security (IoT) market analysis highlights that the IoT security adoption of cloud-based services is increasing rapidly in SMEs, as cloud-based services work on a pay-per-use model and offer flexibility and scalability to accommodate the varying needs of consumers. This rapid increase in the demand for flexibility and scalability is anticipated to impact IoT security market growth over the next few years. Other insights provided within our blender market reports include: 

IoT Security Market Insights

  • The growth of the IoT security market can be attributed to the rapid adoption of cloud-based services for video management systems, authentication processes, and storing biometrics information.
  • The advent of integrated security solutions is becoming a preference for IoT security solutions among end users as they provide overall security to devices and networks.
  • IoT security market growth is also attributed to the extensive implementation of smart meters and IoT for utility management systems like water, oil, gas, and energy. Since the transmission of data through wireless networks in such utilities are prone to cyber-attacks, the need for IoT security solutions in this sector will increase.

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IoT Security Market Share and Segmentation

Within our IoT security industry research, we provide deep insights into the market landscape, its segments, and their market share. Our IoT security market segmentation research offerings include:

  • IoT Security Market of End-User Devices
    • Tamper resistance hardware market
    • Penetration testing and dynamic code analysis market
    • Code protection market
    • Data protection market
      • DTLS market
  • IoT Security Market for Network Security
    • User authentication market
      • Advanced authentication market
      • Multi-factor authentication market
      • Hardware OTP token authentication market
    • Intrusion detection systems market
      • Intrusion detection software (IDS) market
    • Encryption market
      • Transport layer security (TLS) market
  • IoT Security Market for Data Security
    • Blockchain technology market
    • Public key infrastructure (PKI) market
    • API security market
    • Embedded software firewalls market
  • IoT Security Market by Application
    • IoT security market in automotive industry
    • IoT security market in energy
    • IoT security market in smart buildings
    • IoT security market in smart manufacturing
    • IoT security market in smart transportation
    • IoT security market within the government sector
    • IoT security market within the healthcare industry
    • IoT security market within the retail industry

We at Technavio, with our comprehensive understanding of the IoT security market, have been monitoring the latest industry trends and developments to create an in-depth portfolio of market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our IoT security market reports offer the following insights:

  • IoT security market forecast
  • IoT security market size
  • IoT security market share
  • IoT security market growth
  • IoT security market trends
  • IoT security industry statistics

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