IoT Security Market

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Competitive Leadership Methodology
    2.6 Assumptions for the Study
    2.7 Limitations of the Study

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Market
    4.2 Global IoT Security Market, Top 2 Types and Regions
    4.3 Market By Region
    4.4 Market Global Revenue Share

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Number of Ransomware Attacks on IoT Devices to Be A Critical Threat Across the Globe
                    5.2.1.2 Growing Number of IoT Security Regulations
                    5.2.1.3 Rising Security Concerns for Critical Infrastructure
           5.2.2 Restraints
                    5.2.2.1 Significant Increase in New Variants of IoT Threats and Lack of Awareness
                    5.2.2.2 Expensive IoT Security Solutions and Budget Constraints Among SMEs
           5.2.3 Opportunities
                    5.2.3.1 Increasing Data Risk in IoT Networks
                    5.2.3.2 Growing Need for IoT Security Solutions With Multiplying Variants of Attacks
           5.2.4 Challenges
                    5.2.4.1 Lack of Understanding About Security Risks and Low Security Budget
                    5.2.4.2 Lack of Standardization for IoT Solutions
    5.3 Regulatory Implications
           5.3.1 ISO Standards
           5.3.2 ISO/IEC JTC 1
                    5.3.2.1 ISO/IEC JTC 1/SWG 5
                    5.3.2.2 ISO/IEC JTC 1/SC 31
                    5.3.2.3 ISO/IEC JTC 1/ SC 27
                    5.3.2.4 ISO/IEC JTC 1/WG 7 Sensors
           5.3.3 IEEE
           5.3.4 CEN/ISO
           5.3.5 CEN/CENELEC
           5.3.6 ETSI
           5.3.7 ITU-T
           5.3.8 NIST
    5.4 Use Cases
           5.4.1 Symantec
           5.4.2 Zingbox
           5.4.3 Mocana
           5.4.4 Trend Micro

6 IoT Security Market, By Component (Page No. - 42)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Solutions Help Customers Meet Specific IoT Security Requirements
    6.3 Services
           6.3.1 Services Enable Customers to Safeguard the IoT Environment

7 Market, By Type (Page No. - 46)
    7.1 Introduction
    7.2 Network Security
           7.2.1 High Level of Data Transfer From IoT Devices to Increase the Demand for Network Security Solutions in the IoT Security Market
    7.3 Endpoint Security
           7.3.1 Large Number of IoT Devices Deployed on Networks Enforces Enterprises to Adopt Endpoint Security Solutions
    7.4 Application Security
           7.4.1 Increasing IoT Application Vulnerabilities and Convenience of End-User Enterprises to Drive the Demand for Application Security
    7.5 Cloud Security
           7.5.1 Large Amount of Data Generated From IoT Devices to Increase Security Concerns
    7.6 Others

8 Market, By Solution (Page No. - 53)
    8.1 Introduction
    8.2 Identity Access and Management
           8.2.1 Increasing Attacks on IoT Devices to Increase the Demand for Identity Access and Management Solutions
    8.3 Data Encryption and Tokenization
           8.3.1 Increasing Concerns of Data Security to Drive the Growth of Data Encryption and Tokenization Segment in the IoT Security Market
    8.4 Intrusion Detection System and Intrusion Prevention System
           8.4.1 Security Vulnerabilities in the IoT Ecosystem to Increase the Demand for Intrusion Detection and Prevention System Solutions
    8.5 Device Authentication and Management
           8.5.1 Adoption of Different Types of IoT Devices on A Single Platform to Increase Data Security Concerns
    8.6 Secure Software and Firmware Update
           8.6.1 Need for Robust and Safe IoT Environment to Increase the Demand for Secure Software and Firmware Update Solutions
    8.7 Secure Communications
           8.7.1 Increasing Data Transfer Between IoT Devices to Enforce Enterprises to Adopt Secure Communications Solutions for Securing IoT Devices
    8.8 Public Key Infrastructure Lifecycle Management
           8.8.1 Public Key Infrastructure to Help Enterprises Manage Security of Large Number of IoT Devices
    8.9 Distributed Denial of Service Protection
           8.9.1 Increasing Sophisticated Distributed Denial of Service Attacks on IoT Devices to Surge the Demand for Distributed Denial of Service Protection Solutions
    8.10 Security Analytics
           8.10.1 Increasing Threats and Attacks on IoT Devices to Drive the Growth of Security Analytics Solutions
    8.11 Others

9 IoT Security Market, By Service (Page No. - 65)
    9.1 Introduction
    9.2 Professional Services
           9.2.1 Integration Service
                    9.2.1.1 Growing Need for Deploying IoT Security Solutions Across Platforms to Increase the Demand for Integration Services
           9.2.2 Consulting Service
                    9.2.2.1 Rising Technological Advancements Across Industries to Increase the Need for Consulting Services
           9.2.3 Support and Maintenance Service
                    9.2.3.1 Need for Continuous Maintenance and Software Updates to Increase the Demand for Support and Maintenance Services
    9.3 Managed Services
           9.3.1 Rising Niche Requirements From Customers to Increase the Demand for Managed Services

10 Market, By Application Area (Page No. - 71)
     10.1 Introduction
     10.2 Smart Manufacturing
             10.2.1 Rise of Industrial IoT and Industry 4.0 Standards Enable Manufacturing Enterprises to Deploy IoT Devices at A Significant Scale
     10.3 Smart Energy and Utilities
             10.3.1 Malware Injections, Denial of Service, Attacks on Privacy, and Thefts of Data and Energy to Drive the Growth of the Market in the Energy and Utilities Industry
     10.4 Connected Logistics
             10.4.1 Increasing Trend of Connected Logistics to Drive the Growth of Security Solutions
     10.5 Smart Home and Consumer Electronics
             10.5.1 Vulnerability of Consumer Electronics to Increase the Demand for IoT Security Solutions
     10.6 Connected Healthcare
             10.6.1 Increasing Number of Connected Medical Devices to Significantly Contribute to the Growth of IoT Security in Healthcare
     10.7 Smart Government and Defense
             10.7.1 Increasing Adoption of Digital Solutions and Technologies in Government and Defense Industry to Lead the Demand for IoT Security Solutions and Services
     10.8 Smart Transportation
             10.8.1 Increasing Number of Connected Cars, Fleet Trucks, and Containers to Drive the Growth of the Market
     10.9 Smart Retail
             10.9.1 High Risk of Attacks on Monitory Transactions in Retail to Increase the Demand for IoT Security Solution
     10.10 Others

11 IoT Security Market, By Region (Page No. - 82)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
                        11.2.1.1 Increasing Government Investments and Contracts to Drive the Growth of the Market in the Us
             11.2.2 Canada
                        11.2.2.1 Canadian Government Invested USD 20.6 Billion to Increase Security Level for Public Safety
     11.3 Europe
             11.3.1 United Kingdom
                        11.3.1.1 UK Government to Launch New Initiatives for Integrating IoT With Various Business Processes
             11.3.2 Germany
                        11.3.2.1 Germany Increased IoT Security Activities to Enhance Cybersecurity
             11.3.3 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
                        11.4.1.1 Implementation of Smart City Initiatives to Contribute Toward the Growth of the Market
             11.4.2 India
                        11.4.2.1 Initiatives for Developing Smart Cities and Smart Manufacturing to Boost the Growth of the Market in India
             11.4.3 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Kingdom of Saudi Arabia
                        11.5.1.1 Increasing Investments in IoT to Drive the Demand for IoT Security Solutions
             11.5.2 United Arab Emirates
                        11.5.2.1 Dubai IoT Strategy and Data Wealth Initiative to Drive the Growth of the Market
             11.5.3 Rest of Middle East and Asia
     11.6 Latin America
             11.6.1 Brazil
                        11.6.1.1 Increasing Government Initiatives to Boost the Growth of the IoT Security Market
             11.6.2 Mexico
                        11.6.2.1 Private Organizations to Take Initiatives to Enhance Awareness of IoT Potential in Mexico
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 104)
     12.1 Overview
     12.2 Competitive Leadership Mapping (Overall Market)
             12.2.1 Visionary Leaders
             12.2.2 Dynamic Differentiators
             12.2.3 Innovators
             12.2.4 Emerging Companies
             12.2.5 Ranking of Key Players
     12.3 Competitive Leadership Mapping Overview (Startup)
             12.3.1 Progressive
             12.3.2 Responsive
             12.3.3 Dynamic Companies
             12.3.4 Starting Blocks
     12.4 Competitive Scenario
             12.4.1 New Product Launches and Product Enhancements
             12.4.2 Partnerships, Collaborations, and Agreements
             12.4.3 Mergers and Acquisitions

13 Company Profiles (Page No. - 112)
(Business Overview, Products & Services, Recent Developments, SWOT Analysis and MnM View)*
     13.1 Cisco
     13.2 IBM
     13.3 Intel
     13.4 Infineon
     13.5 Symantec
     13.6 Gemalto
     13.7 Allot
     13.8 Fortinet
     13.9 Zingbox
     13.10 Mocana
     13.11 Securithings
     13.12 CENTRI
     13.13 Armis
     13.14 Forgerock
     13.15 Newsky

*Details on Business Overview, Products & Services, Recent Developments, SWOT Analysis and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 137)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details

List of Tables (80 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Factor Analysis
Table 3 IoT Security Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 4 Market Size By Component, 2016–2023 (USD Million)
Table 5 Solutions: Market Size By Region, 2016–2023 (USD Million)
Table 6 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 7 Market Size, By Type, 2016–2023 (USD Million)
Table 8 Network Security: Market Size By Region, 2016–2023 (USD Million)
Table 9 Endpoint Security: Market Size By Region, 2016–2023 (USD Million)
Table 10 Application Security: Market Size By Region, 2016–2023 (USD Million)
Table 11 Cloud Security: Market Size By Region, 2016–2023 (USD Million)
Table 12 Others: Market Size By Region , 2016–2023 (USD Million)
Table 13 IoT Security Market Size, By Solution, 2016–2023 (USD Million)
Table 14 Identity Access and Management: Market Size By Region, 2016–2023 (USD Million)
Table 15 Data Encryption and Tokenization: Market Size By Region, 2016–2023 (USD Million)
Table 16 Intrusion Detection System and Intrusion Prevention System: Market Size By Region, 2016–2023 (USD Million)
Table 17 Device Authentication and Management: Market Size By Region, 2016–2023 (USD Million)
Table 18 Secure Software and Firmware Update: Market Size By Region, 2016–2023 (USD Million)
Table 19 Secure Communications: Market Size By Region, 2016–2023 (USD Million)
Table 20 Public Key Infrastructure Lifecycle Management: Market Size By Region, 2016–2023 (USD Million)
Table 21 Distributed Denial of Service Protection: Market Size By Region, 2016–2023 (USD Million)
Table 22 Security Analytics: Market Size By Region, 2016–2023 (USD Million)
Table 23 Otehrs: Market Size By Region, 2016–2023 (USD Million)
Table 24 IoT Security Market Size, By Service, 2016–2023 (USD Million)
Table 25 Professional Services: Market Size By Region, 2016–2023 (USD Million)
Table 26 Professional Services: Market Size By Type, 2016–2023 (USD Million)
Table 27 Integration Service Market Size, By Region, 2016–2023 (USD Million)
Table 28 Consulting Service Market Size, By Region, 2016–2023 (USD Million)
Table 29 Support and Maintenance Service Market Size, By Region, 2016–2023 (USD Million)
Table 30 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 31 IoT Security Market Size, By Application Area, 2016–2023 (USD Million)
Table 32 Smart Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 33 Smart Energy and Utilities: Market Size By Region, 2016–2023 (USD Million)
Table 34 Connected Logistics: Market Size By Region, 2016–2023 (USD Million)
Table 35 Smart Home and Consumer Electronics: Market Size By Region, 2016–2023 (USD Million)
Table 36 Connected Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 37 Smart Government and Defense: Market Size By Region, 2016–2023 (USD Million)
Table 38 Smart Transportation: Market Size By Region, 2016–2023 (USD Million)
Table 39 Smart Retail: Market Size By Region, 2016–2023 (USD Million)
Table 40 Others: Market Size By Region, 2016–2023 (USD Million)
Table 41 Market Size, By Region, 2016–2023 (USD Million)
Table 42 North America: IoT Security Market Size, By Component, 2016–2023 (USD Million)
Table 43 North America: Market Size By Type, 2016–2023 (USD Million)
Table 44 North America: Market Size By Solution, 2016–2023 (USD Million)
Table 45 North America: Market Size By Service, 2016–2023 (USD Million)
Table 46 North America: Market Size By Professional Service Type, 2016–2023 (USD Million)
Table 47 North America: Market Size By Application Area, 2016–2023 (USD Million)
Table 48 North America: Market Size By Country, 2016–2023 (USD Million)
Table 49 Europe: IoT Security Market Size, By Component, 2016–2023 (USD Million)
Table 50 Europe: Market Size By Type, 2016–2023 (USD Million)
Table 51 Europe: Market Size By Solution, 2016–2023 (USD Million)
Table 52 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 53 Europe: Market Size By Professional Service Type, 2016–2023 (USD Million)
Table 54 Europe: Market Size By Application Area, 2016–2023 (USD Million)
Table 55 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 56 Asia Pacific: IoT Security Market Size, By Component, 2016–2023 (USD Million)
Table 57 Asia Pacific: Market Size By Type, 2016–2023 (USD Million)
Table 58 Asia Pacific: Market Size By Solution, 2016–2023 (USD Million)
Table 59 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market Size By Professional Service Type, 2016–2023 (USD Million)
Table 61 Asia Pacific: Market Size By Application Area, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 63 Middle East and Africa: IoT Security Market Size, By Component, 2016–2023 (USD Million)
Table 64 Middle East and Africa: Market Size By Type, 2016–2023 (USD Million)
Table 65 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Million)
Table 66 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 67 Middle East and Africa: Market Size By Professional Service Type, 2016–2023 (USD Million)
Table 68 Middle East and Africa: Market Size By Application Area, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 70 Latin America: IoT Security Market Size, By Component, 2016–2023 (USD Million)
Table 71 Latin America: Market Size By Type, 2016–2023 (USD Million)
Table 72 Latin America: Market Size By Solution, 2016–2023 (USD Million)
Table 73 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 74 Latin America: Market Size By Professional Service Type, 2016–2023 (USD Million)
Table 75 Latin America: Market Size By Application Area, 2016–2023 (USD Million)
Table 76 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 77 Evaluation Criteria
Table 78 New Product Launches and Product Enhancements, 2017–2018
Table 79 Partnerships, Collaborations, and Agreements, 2016–2019
Table 80 Mergers and Acquisitions, 2016–2018

List of Figures (36 Figures)

Figure 1 IoT Security Market: Research Design
Figure 2 Market Estimation and Forecast Methodology
Figure 3 Competitive Leadership Mapping Matrix: Criteria Weightage
Figure 4 Market, Top 3 Segments, 2018
Figure 5 Solutions Segment to Account for A Higher Market Share in 2018
Figure 6 Increasing Risks to Data Privacy in Vast IoT Networks to Act as an Opportunity in the Market
Figure 7 Network Security Segment and North America to Hold the Highest Market Shares in 2018
Figure 8 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 9 North America to Emerge as the Best Market for Investment Over the Next 5 Years
Figure 10 Drivers, Restraints, Opportunities, and Challenges: IoT Security Market
Figure 11 Trend of IoT Attacks in 2017, By Region
Figure 12 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 13 Cloud Security Segment to Grow at the Highest CAGR During the Forecast Period
Figure 14 Identity Access Management Segment to Hold the Largest Market Size During the Forecast Period
Figure 15 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 16 Smart Manufacturing Segment to Hold the Largest Market Size During the Forecast Period
Figure 17 North America to Hold the Largest Market Size During the Forecast Period
Figure 18 North America: Market Snapshot
Figure 19 Asia Pacific: Market Snapshot
Figure 20 IoT Security Market (Global), Competitive Leadership Mapping, 2018
Figure 21 Ranking of Key Players in the Market, 2018
Figure 22 Market (Global), Startup Competitive Leadership Mapping, 2018
Figure 23 Key Developments By the Leading Players in the Market During 2016–2018
Figure 24 Cisco: Company Snapshot
Figure 25 SWOT Analysis: Cisco
Figure 26 IBM: Company Snapshot
Figure 27 SWOT Analysis: IBM
Figure 28 Intel: Company Snapshot
Figure 29 SWOT Analysis: Intel
Figure 30 Infineon: Company Snapshot
Figure 31 SWOT Analysis: Infineon
Figure 32 Symantec: Company Snapshot
Figure 33 SWOT Analysis: Symantec
Figure 34 Gemalto: Company Snapshot
Figure 35 Allot: Company Snapshot
Figure 36 Fortinet: Company Snapshot

The study involved 4 major steps to estimate the current market size for the IoT security market. The exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakup and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, to identify and collect information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; white papers, technology journals, and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

The IoT security market comprises several stakeholders, such as solution and service providers, support and maintenance service providers, manufacturing enterprises, technology consultants, system design and development vendors, and logistics and supply chain management providers. The extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types; industry trends; key players; competitive landscape of different market players; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies. Following is the breakup of primary respondents:

IoT Security Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the overall size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the in the market have been identified through the extensive secondary research.
• The IoT security market expenditure across regions, along with the geographic split in various segments have been considered to arrive at the overall market size.
• All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size — using the market size estimation processes as explained above — the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the IoT security industry.

Report Objectives:

• To define, describe, and forecast the IoT security market by type, component, solution, service, application area, and region
• To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
• To analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
• To forecast the market size of the segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To profile key players and comprehensively analyze their market rankings and core competencies1
• To analyze competitive developments, such as new partnerships, new contracts, and new product developments, in the IoT security market

1Core competencies of the companies have been captured in terms of their key developments and key strategies adopted by them to sustain their positions in the market.

Scope of the report:

This research report categorizes the IoT security market based on types, components, solutions, services, application areas, and regions.

By Type:

• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Others (email security, content security and web security)

By Component

• Solutions
• Services

By Solution:

• Identity Access Management
• Data Encryption and Tokenization
• Intrusion Detection System/Intrusion Prevention System
• Device Authentication and Management
• Secure Software and Firmware Update
• Secure Communications
• PKI Lifecycle Management
• Distributed Denial of Service (DDoS) Protection
• Security Analytics
• Others  (smart education and smart agriculture)

By Service:

• Professional Services
• Managed Services

By Professional Service:

• Integration Services
• Support and Maintenance Services
• Consulting Services

By Region:

• North America
• Europe
• APAC
• MEA
• Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

• Further breakup of the North American market into the US and Canada
• Further breakup of the European market into the UK, Germany, and Rest of Europe
• Further breakup of the APAC market into China, India, and Rest of APAC
• Further breakup of the MEA market into the KSA, UAE, and Rest of MEA
• Further breakup of the Latin American market into Brazil, Mexico, and Rest of Latin America

Company Information

• Detailed analysis and profiling of additional market players