IoT Security Market

Report Code TC 3636
Published in Aug, 2024, By MarketsandMarkets™
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IoT Security Market By Solutions (IAM, Data Encryption and Tokenization, IDS/IPS, Device Authentication, Secure Communication Protocols, PKI Certificate Lifecycle Management, DDOS, Security Analytics, Virtual Firewall) - Global Forecast to 2029

Overview

The global IoT security market size is projected to grow from USD 24.2 billion in 2024 to USD 56.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. Increasing IoT security incidents such as the Mirai botnet, Stuxnet, and Distributed Denial of Service (DDoS) related to Industry 4.0 have developed a strong need for advanced security measures to secure crucial IoT devices. The number of potential entry points for cybercriminals multiplies with the increasing interconnection of manufacturing and industrial operations with connected devices, machines, and systems exchanging data in real time. The vulnerabilities of industrial control systems have caused significant economic losses in the Industry 4.0. This has caused organizations to seek for more secure solutions for IoT devices. Attackers are increasingly targeting critical infrastructure so, organizations have recognized the urgent need for robust IoT security solutions real time. From sensors to industrial robots, every added device represents a potential pathway for attackers. The attacks on IoT devices result in financial losses, operational disruptions, and reputational damage; hence, organizations have started investing heavily in strong and secure IoT security measures.

Attractive Opportunities in the IoT Security Market

ASIA PACIFIC:

The surge in smart cities, connected healthcare, smart transportation and logistics is driving the adoption of IoT security in Asia Pacific. Major economies in the region offer opportunities for IoT security vendors.

The increasing government initiatives in the development of IoT infrastructure and investments by private sectors will drive the growth of IoT security market in Asia Pacific.

The increasing demand for IoT connected devices is driving demand for IoT solutions and services in the region.

The rise in requirement quick computing, security, analytics, virtual environments and the rise is the overall internet speed will majorly drive the growth of IoT security market.

The growth of IoT security is also propelled by the rise in the number of IoT attacks which create a demand for solutions and services for IoT security.

Global IoT Security Market Dynamics

DRIVER: Need to effectively deal with IoT vulnerabilities

As the number of IoT devices increases, the potential attack surfaces also increases. These IoT devices have limited processing power and memory, making them vulnerable for cyberattacks. Organizations are investing in robust IoT security solutions to identify and mitigate vulnerabilities to protect sensitive data and prevent system disruptions. It ensures the secure operation of their connected ecosystems. The IoT security market is driven by the urgent need to address vulnerabilities in connected devices.

RESTRAINT: Lack of awareness about new variants of IoT threats.

The IoT security market hinders due to lack of awareness about the continuously evolving IoT threat landscape. Organizations are unaware of new attack variants such as various types of data breaches, firmware vulnerabilities, malware infections, ransomware, denial-of-service attacks (DDoS) and man-in-the-middle attacks. This lack of knowledge makes them vulnerable to exploitation and affects their ability to implement effective security measures. This may also lead to delay in threat responses, increase in the risk of data breaches, and financial losses. The IoT ecosystems are complex because of devices from various manufacturers and operating systems. This worsens the challenge of keeping up with the latest threat variants of IoT.

 

OPPORTUNITY: Development of smart infrastructure

The development of smart infrastructure projects heavily depends on IoT technology. There is a surge in smart city initiatives and industrial automation globally, especially in Asia Pacific and Gulf regions, which has created a flourishing market for IoT security solutions. IoT security providers can drive market growth and innovation by developing specialized solutions to tackle the unique challenges of these environments

CHALLENGE: Lack of standardization in IoT protocol

Due to lack of standardization in IoT, it is challenging to implement consistent security measures because of the wide range of communication protocols, operating systems, and hardware platforms used in IoT devices. Attackers have a larger surface area to exploit vulnerabilities in certain protocols or devices due to the heterogeneous nature of the ecosystem. Managing and securing IoT deployment without standardized security measure is difficult for the enterprises. The development of unified security solutions is hampered by the incompatibility of various IoT platforms. In order to overcome this obstacle, industry cooperation and the creation of open standards are necessary to improve the security of the Internet of Things.

Global IoT Security Market Ecosystem Analysis

“By Offering, Services segment expected to grow at higher CAGR during the forecast period” The IoT security market's services segment growth is driven by the increasing number of IoT devices, the advancing sophistication of cyber threats, and the need for ongoing security monitoring and adaptation services. Providers such as Microsoft, IBM, Foritnet, and Cisco, offers professional services like consulting, risk assessment, implementation and support, along with the managed services that provide continuous security operations monitoring and maintenance. Professional services assist in creating comprehensive IoT security strategies, while managed services offer the necessary resources and expertise for effective implementation and maintenance As organizations face the challenges of securing their IoT environments, the need for expert guidance and managed services is rising.

 

“By Application, Connected Healthcare segment is expected to grow at higher CAGR during forecast period”

The IoT security market's services segment growth is driven by the increasing number of IoT devices, the advancing sophistication of cyber threats, and the need for ongoing security monitoring and adaptation services. Providers such as Microsoft, IBM, Foritnet, and Cisco, offers professional services like consulting, risk assessment, implementation and support, along with the managed services that provide continuous security operations monitoring and maintenance. Professional services assist in creating comprehensive IoT security strategies, while managed services offer the necessary resources and expertise for effective implementation and maintenance As organizations face the challenges of securing their IoT environments, the need for expert guidance and managed services is rising.

 

 

ASIA PACIFIC Region Holds the Largest Share of the IoT Security Market.

Organizations in Asia Pacific are prioritizing compliance with various regulations like GDPR, PCI, SOX, CCPA, HIPAA, and the Monetary Authority of Singapore. This helps them establish security standards and audit controls. Countries such as India, China, Japan, Singapore, Australia, and others in the region offer growth opportunities for security solutions and services for IoT. The growing initiatives for transitioning the IT infrastructure with big data and mobile computing are shaping the digital transformation in Asia Pacific.

 
 

Recent Developments of IoT Security Market industry

  • In April 2024, ROSHN, a Saudi real estate developer, partnered with Cisco to explore sustainable smart buildings and their upcoming innovation hub using IoT. In January 2024, Entrust announced a commercially available Post-Quantum Ready PKI platform. which allows organizations to manage digital certificates for securing communication in the future era of quantum computing. In April 2024, Fortinet and IBM cloud collaborated to develop the Fortinet Virtual FortiGate Security Appliance (vFSA). This collaboration intended to be beneficial for the manufacturing industry where vFSA can monitor and filter network traffic, specifically for remote access and security of IoT devices.
  • In December 2023, Schneider Electric and Cisco partnered to boost the innovation in AI and IoT to deliver impactful digital solutions for various industries in the EMEA region. In July 2023 Check Point partnered with Cynerio to offer a comprehensive medical IoT security solution to secure patient data and critical healthcare operations.

Key Market Players

KEY PLAYERS IN THE IoT Security Market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2018-2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD Million/USD Billion) 
Segments Covered Offering, Data Sensitivity, Application And Region
Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered Major vendors in the global IoT security Microsoft (US), Fortinet (US), AWS (US), IBM (US), Intel (US), Cisco (US), Thales Group (France), Infineon (Germany) , Allot (Israel), Atos (France), Checkpoint (US), Palo Alto Networks (US), Mobileum (US), Entrust (US), NXP Semiconductors (Netherlands), and Kaspersky (Switzerland), MagicCube (US), Claroty (US), Ordr (US), Armis (US), Nozomi Networks (US), Keyfactor (US), Particle Industries (US), Karamba Security (Israel), and Forescout (US).

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
33
RESEARCH METHODOLOGY
39
EXECUTIVE SUMMARY
51
PREMIUM INSIGHTS
55
MARKET OVERVIEW
58
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rapid increase in IoT security incidents related to Industry 4.0
    - Need to deal with IoT vulnerabilities effectively
    - Growing number of IoT security regulations
    - Rising security concerns related to critical infrastructure
    - Increase in data volumes due to 5G
    - Standardization of IPv6
    RESTRAINTS
    - Lack of awareness about new variants of IoT threats
    - Budgetary constraints of SMEs in developing economies
    OPPORTUNITIES
    - New wave of IoT applications due to 5G networks
    - Development of smart infrastructure
    CHALLENGES
    - Lack of standardization in IoT protocol
    - Threat to enterprise networks from shadow IoT devices
    - Need to ensure secure communication across networks
  • 5.3 EVOLUTION OF IOT SECURITY
  • 5.4 CASE STUDY ANALYSIS
  • 5.5 VALUE CHAIN ANALYSIS
    OEM/HARDWARE PROVIDERS
    SECURITY SOLUTIONS AND SERVICE PROVIDERS
    SYSTEM INTEGRATORS
    SALES AND DISTRIBUTION
    END USER GROUPS
  • 5.6 ECOSYSTEM
  • 5.7 PORTER’S FIVE FORCES MODEL ANALYSIS
    THREAT OF NEW ENTRANTS
    - Lack of entry barriers
    - High market growth
    THREAT OF SUBSTITUTES
    - Buyer propensity for low-cost solutions
    - Ease of substitution
    BARGAINING POWER OF SUPPLIERS
    - Low switching cost
    - Low strength of supply chain and distribution channel
    BARGAINING POWER OF BUYERS
    - High buyer price sensitivity
    - Low buyer concentration
    INTENSITY OF COMPETITIVE RIVALRY
    - High concentration ratio
    - Powerful competitive strategies
  • 5.8 PATENT ANALYSIS
    LIST OF TOP PATENTS IN IOT SECURITY MARKET, 2022–2024
  • 5.9 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF IOT SECURITY AMONG KEY PLAYERS, BY SOLUTION
    INDICATIVE PRICING ANALYSIS, BY SOLUTION
  • 5.10 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Zero Trust Network Access (ZTNA)
    - Connectivity solutions
    COMPLIMENTARY TECHNOLOGIES
    - Cloud computing
    - Big Data and Analytics
    - Artificial intelligence and machine learning
    ADJACENT TECHNOLOGIES
    - Blockchain
    - Cybersecurity
  • 5.11 IMPACT OF GENERATIVE AI ON IOT SECURITY MARKET
    TOP USE CASES & MARKET POTENTIAL
    - Key use cases
    IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEM
    - Big Data and Analytics
    - Blockchain
    - Digital twin
    - Cloud computing
    - Augmented Reality (AR) technology
  • 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.13 BEST PRACTICES IN IOT SECURITY MARKET
    ADOPTION OF IOT SECURITY
  • 5.14 REGULATORY LANDSCAPE
    GENERAL DATA PROTECTION REGULATION
    FEDERAL INFORMATION SECURITY MANAGEMENT ACT
    PAYMENT CARD INDUSTRY DATA SECURITY STANDARD
    SARBANES-OXLEY ACT
    SOC2
    HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
    GRAMM-LEACH-BLILEY ACT
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.15 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 KEY CONFERENCES & EVENTS IN 2024–2025
  • 5.17 BUSINESS MODEL ANALYSIS
  • 5.18 INVESTMENT AND FUNDING SCENARIO
IOT SECURITY MARKET, BY OFFERING
97
  • 6.1 INTRODUCTION
    OFFERING: IOT SECURITY MARKET DRIVERS
  • 6.2 SOLUTIONS
    OFFER MULTIPLE FEATURES TO PROTECT DEVICES FROM ATTACKS
    IDENTITY AND ACCESS MANAGEMENT
    - Prevents unauthorized access to networks
    DATA ENCRYPTION AND TOKENIZATION
    - Replaces sensitive data with unique identification symbols
    INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM
    - Monitors network for malicious activities or policy violations
    DEVICE AUTHENTICATION AND MANAGEMENT
    - Authenticates unique identity of connected devices
    SECURE COMMUNICATION PROTOCOLS
    - Enables seamless connection between devices
    PUBLIC KEY INFRASTRUCTURE CERTIFICATE LIFECYCLE MANAGEMENT
    - Provides framework to verify identity of devices
    DISTRIBUTED DENIAL OF SERVICE (DDOS) PROTECTION
    - Prevents disruptions of normal services
    SECURITY ANALYTICS
    - Provides advanced security breach predictions
    VIRTUAL FIREWALL
    - Provides security features with added benefits
  • 6.3 SERVICES
    PREVENT UNAUTHORIZED ACCESS, DISCLOSURE, OR MODIFICATION OF DATA
    PROFESSIONAL SERVICES
    - Help to speed up IoT security solution development
    - Implementation services
    - Support and maintenance services
    - Consulting services
  • 6.4 MANAGED SERVICES
    PROVIDE WIDE-RANGING TECHNICAL SUPPORT TO CUSTOMERS
IOT SECURITY MARKET, BY DATA SENSITIVITY
115
  • 7.1 INTRODUCTION
    DRIVERS: IOT SECURITY MARKET, BY DATA SENSITIVITY
  • 7.2 HIGH-SENSITIVITY DATA
    THEFT OF DATA LIKELY TO CAUSE SERIOUS LOSSES
  • 7.3 LOW- AND MODERATE-SENSITIVITY DATA
    POSSIBILITY OF MISUSE TO COMMIT FRAUD OR IDENTITY THEFT
IOT SECURITY MARKET, BY APPLICATION
117
  • 8.1 INTRODUCTION
    DRIVERS: IOT SECURITY MARKET, BY APPLICATION
  • 8.2 SMART MANUFACTURING
    RISING NEED TO ENHANCE EFFICIENCY OF BUSINESS PROCESSES AND PRODUCTION OUTPUT TO DRIVE MARKET
  • 8.3 SMART ENERGY & UTILITIES
    GROWING USE OF SECURITY SOLUTIONS TO PROTECT PERSONAL DATA TO DRIVE MARKET
  • 8.4 SMART HOME & CONSUMER ELECTRONICS
    GROWING RISK OF MALWARE AND OTHER FORMS OF ATTACKS TO DRIVE MARKET
  • 8.5 SMART GOVERNMENT
    DEMAND FOR IOT SECURITY TO PROTECT CRITICAL INFORMATION TO DRIVE MARKET
  • 8.6 SMART RETAIL
    RISING REQUIREMENT TO SECURE MULTIPLE NETWORK POINTS TO DRIVE MARKET
  • 8.7 CONNECTED LOGISTICS
    RISING NEED TO SECURE IOT DEVICES TO PREVENT LOSS OF LIFE OR GOODS TO DRIVE MARKET
  • 8.8 CONNECTED HEALTHCARE
    IOT SECURITY ESSENTIAL TO SAFEGUARD PATIENT DATA TO DRIVE MARKET
  • 8.9 OTHER APPLICATIONS
IOT SECURITY MARKET, BY REGION
130
  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    NORTH AMERICA: IOT SECURITY MARKET DRIVERS
    NORTH AMERICA: MACROECONOMIC OUTLOOK
    US
    - Connected device adoption to drive IoT market
    CANADA
    - Government’s focus on cybersecurity and IoT to drive market
  • 9.3 EUROPE
    EUROPE: IOT SECURITY MARKET DRIVERS
    EUROPE: MACROECONOMIC OUTLOOK
    UK
    - Innovation and proactive policies to drive growth
    GERMANY
    - Industry integration and future challenges to drive IoT security leadership
    FRANCE
    - Smart cities, Industry 4.0, and government initiatives to drive market
    ITALY
    - Focus on industrial transformation and digitalization to drive market
    REST OF EUROPE
  • 9.4 ASIA PACIFIC
    ASIA PACIFIC: IOT SECURITY MARKET DRIVERS
    ASIA PACIFIC: MACROECONOMIC OUTLOOK
    CHINA
    - Exploring cutting-edge solutions in China's evolving IoT cybersecurity space to drive market
    JAPAN
    - Stringent standards and technological advancements to power growth
    INDIA
    - Significant government initiatives and expanding internet penetration to drive market
    REST OF ASIA PACIFIC
  • 9.5 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: IOT SECURITY MARKET DRIVERS
    THE MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
    MIDDLE EAST
    - Digital transformation and 5G to drive demand
    - Gulf Cooperation Council (GCC)
    - Rest of Middle East
    AFRICA
    - Mobile network expansion to pave way for Africa's IoT revolution
  • 9.6 LATIN AMERICA
    LATIN AMERICA: IOT SECURITY MARKET DRIVERS
    LATIN AMERICA: MACROECONOMIC OUTLOOK
    BRAZIL
    - Government initiatives and rising internet penetration to drive market
    MEXICO
    - Addressing security concerns and standardization issues for sustainable IoT growth to drive demand
    REST OF LATIN AMERICA
    - Collaborative government initiatives to drive IoT adoption
COMPETITIVE LANDSCAPE
227
  • 10.1 INTRODUCTION
  • 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 10.3 REVENUE ANALYSIS
  • 10.4 VALUATION AND FINANCIAL METRICS OF KEY IOT SECURITY VENDORS
  • 10.5 MARKET SHARE ANALYSIS
  • 10.6 PRODUCT/BRAND COMPARISON
    CISCO
    THALES
    NXP SEMICONDUCTOR
    CHECK POINT
    AWS
  • 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Offerings footprint
    - Application footprint
    - Region footprint
  • 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 10.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
252
  • 11.1 KEY PLAYERS
    MICROSOFT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    FORTINET
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    AMAZON WEB SERVICES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IBM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MNM view
    INTEL
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    CISCO
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    THALES GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    INFINEON
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ALLOT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ATOS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    CHECK POINT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    PALO ALTO NETWORKS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MOBILEUM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ENTRUST
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NXP SEMICONDUCTORS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    KASPERSKY
    - Business overview
    - Products/Solutions/Services offered
  • 11.2 OTHER KEY PLAYERS
    MAGICCUBE
    CLAROTY
    ORDR
    ARMIS
    NOZOMI NETWORKS
    KEYFACTOR
    PARTICLE INDUSTRIES, INC.
    KARAMBA SECURITY
    FORESCOUT TECHNOLOGIES INC
ADJACENT/RELATED MARKETS
305
  • 12.1 INTRODUCTION
  • 12.2 LIMITATIONS
  • 12.3 OPERATIONAL TECHNOLOGY (OT) SECURITY MARKET – GLOBAL FORECAST TO 2029
  • 12.4 CYBERSECURITY MARKET — GLOBAL FORECAST TO 2028
APPENDIX
317
  • 13.1 DISCUSSION GUIDE
  • 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.3 CUSTOMIZATION OPTIONS
  • 13.4 RELATED REPORTS
  • 13.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES, 2020–2023
  • TABLE 2 FACTOR ANALYSIS
  • TABLE 3 IOT SECURITY MARKET: ASSUMPTIONS
  • TABLE 4 IOT SECURITY MARKET: LIMITATIONS
  • TABLE 5 IOT CONNECTIONS, 2022 VS. 2028 (BILLION)
  • TABLE 6 COUNTRY-WISE ADOPTION OF IPV6, 2022
  • TABLE 7 CASE STUDY 1: PALO ALTO HELPS NDIT TEAM TO MANAGE NETWORK TRAFFIC LOAD
  • TABLE 8 CASE STUDY 2: PROHEATLH USES ORDR SCE PLATFORM TO IMPROVE SECURITY OF IOT DEVICES FOR PROHEALTH
  • TABLE 9 CASE STUDY 3: ENDPOINT SECURITY SOLUTIONS FROM TREND MICRO MINIMIZE SCALATIONS FOR ANTHEM BIOSCIENCES
  • TABLE 10 IOT SECURITY MARKET: ECOSYSTEM
  • TABLE 11 PORTER’S FIVE FORCES IMPACT ANALYSIS
  • TABLE 12 AVERAGE SELLING PRICE TREND OF IOT SECURITY AMONG KEY PLAYERS, BY SOLUTION, 2024
  • TABLE 13 INDICATIVE PRICING MODEL OF IDENTITY AND ACCESS MANAGEMENT SOLUTION – IOT SECURITY MARKET, 2024
  • TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • TABLE 19 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 20 IOT SECURITY MARKET: DETAILED LIST OF CONFERENCES & EVENTS
  • TABLE 21 BUSINESS MODEL
  • TABLE 22 MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 23 MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 24 MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 25 MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 26 IDENTITY AND ACCESS MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 27 IDENTITY AND ACCESS MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 28 DATA ENCRYPTION AND TOKENIZATION: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 29 DATA ENCRYPTION AND TOKENIZATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 30 INTRUSION DETECTION SYSTEM /INTRUSION PREVENTION SYSTEM: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 31 INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 32 DEVICE AUTHENTICATION AND MANAGEMENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 33 DEVICE AUTHENTICATION AND MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 34 SECURE COMMUNICATION PROTOCOLS: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 35 SECURE COMMUNICATION PROTOCOLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 36 PUBLIC KEY INFRASTRUCTURE CERTIFICATE LIFECYCLE MANAGEMENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 37 PUBLIC KEY INFRASTRUCTURE CERTIFICATE LIFECYCLE MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 38 DISTRIBUTED DENIAL OF SERVICE PROTECTION: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 39 DISTRIBUTED DENIAL OF SERVICE PROTECTION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 40 SECURITY ANALYTICS: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 41 SECURITY ANALYTICS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 42 VIRTUAL FIREWALL: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 43 VIRTUAL FIREWALL: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 44 MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 45 MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 46 PROFESSIONAL SERVICES: MARKET, BY TYPE, 2018–2023 (USD MILLION)
  • TABLE 47 PROFESSIONAL SERVICES: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 48 MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 49 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 50 SMART MANUFACTURING: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 51 SMART MANUFACTURING: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 52 SMART ENERGY AND UTILITIES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 53 SMART ENERGY AND UTILITIES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 54 SMART HOME & CONSUMER ELECTRONICS: IOT SECURITY MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 55 SMART HOME & CONSUMER ELECTRONICS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 56 SMART GOVERNMENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 57 SMART GOVERNMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 58 SMART RETAIL: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 59 SMART RETAIL: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 60 CONNECTED LOGISTICS: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 61 CONNECTED LOGISTICS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 62 CONNECTED HEALTHCARE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 63 CONNECTED HEALTHCARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 64 MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 65 MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 66 NORTH AMERICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 67 NORTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 68 NORTH AMERICA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 69 NORTH AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 70 NORTH AMERICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 71 NORTH AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 72 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 73 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 74 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 75 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 76 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 77 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 78 US:  MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 79 US: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 80 US: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 81 US: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 82 US: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 83 US: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 84 US: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 85 US: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 86 US: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 87 US: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 88 CANADA: IOT SECURITY MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 89 CANADA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 90 CANADA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 91 CANADA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 92 CANADA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 93 CANADA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 94 CANADA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 95 CANADA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 96 CANADA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 97 CANADA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 98 EUROPE: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 99 EUROPE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 100 EUROPE: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 101 EUROPE: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 102 EUROPE: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 103 EUROPE: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 104 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 105 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 106 EUROPE: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 107 EUROPE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 108 EUROPE: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 109 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 110 UK: IOT SECURITY MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 111 UK: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 112 UK: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 113 UK: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 114 UK: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 115 UK: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 116 UK: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 117 UK: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 118 UK: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 119 UK: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 120 GERMANY: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 121 GERMANY: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 122 GERMANY: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 123 GERMANY: IOT SECURITY MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 124 GERMANY: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 125 GERMANY: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 126 GERMANY: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 127 GERMANY: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 128 GERMANY: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 129 GERMANY: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 130 FRANCE: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 131 FRANCE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 132 FRANCE: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 133 FRANCE: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 134 FRANCE: IOT SECURITY MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 135 FRANCE: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 136 FRANCE: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 137 FRANCE: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 138 FRANCE: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 139 FRANCE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 140 ITALY: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 141 ITALY: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 142 ITALY: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 143 ITALY: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 144 ITALY: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 145 ITALY: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 146 ITALY: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 147 ITALY: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 148 ITALY: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 149 ITALY: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 150 REST OF EUROPE: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 151 REST OF EUROPE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 152 REST OF EUROPE: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 153 REST OF EUROPE: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 154 REST OF EUROPE: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 155 REST OF EUROPE: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 156 REST OF EUROPE: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 157 REST OF EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 158 REST OF EUROPE: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 159 REST OF EUROPE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 160 ASIA PACIFIC: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 161 ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 162 ASIA PACIFIC: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 163 ASIA PACIFIC: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 164 ASIA PACIFIC: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 165 ASIA PACIFIC: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 166 ASIA PACIFIC: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 167 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 168 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 169 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 170 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 171 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 172 CHINA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 173 CHINA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 174 CHINA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 175 CHINA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 176 CHINA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 177 CHINA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 178 CHINA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 179 CHINA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 180 CHINA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 181 CHINA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 182 JAPAN: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 183 JAPAN: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 184 JAPAN: IOT SECURITY MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 185 JAPAN: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 186 JAPAN: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 187 JAPAN: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 188 JAPAN: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 189 JAPAN: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 190 JAPAN: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 191 JAPAN: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 192 INDIA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 193 INDIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 194 INDIA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 195 INDIA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 196 INDIA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 197 INDIA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 198 INDIA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 199 INDIA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 200 INDIA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 201 INDIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 202 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 203 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 204 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 205 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 206 REST OF ASIA PACIFIC: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 207 REST OF ASIA PACIFIC: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 208 REST OF ASIA PACIFIC: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 209 REST OF ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 210 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 211 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 212 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 213 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 214 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 215 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 216 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 217 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 218 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 219 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 220 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 221 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 222 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 223 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 224 MIDDLE EAST: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 225 MIDDLE EAST: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 226 MIDDLE EAST: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 227 MIDDLE EAST: IOT SECURITY MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 228 MIDDLE EAST: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 229 MIDDLE EAST: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 230 MIDDLE EAST: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 231 MIDDLE EAST: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 232 MIDDLE EAST: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 233 MIDDLE EAST: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 234 MIDDLE EAST: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 235 MIDDLE EAST: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 236 GCC: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 237 GCC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 238 GCC: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 239 GCC: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 240 GCC: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 241 GCC: IOT SECURITY MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 242 GCC: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 243 GCC: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 244 GCC: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 245 GCC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 246 GCC: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 247 GCC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 248 REST OF MIDDLE EAST: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 249 REST OF MIDDLE EAST: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 250 REST OF MIDDLE EAST: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 251 REST OF MIDDLE EAST: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 252 REST OF MIDDLE EAST: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 253 REST OF MIDDLE EAST: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 254 REST OF MIDDLE EAST: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 255 REST OF MIDDLE EAST: MARKET, BY PROFESSIONAL SERVICE 2024–2029 (USD MILLION)
  • TABLE 256 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 257 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 258 AFRICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 259 AFRICA: IOT SECURITY MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 260 AFRICA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 261 AFRICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 262 AFRICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 263 AFRICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 264 AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 265 AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 266 AFRICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 267 AFRICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 268 LATIN AMERICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 269 LATIN AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 270 LATIN AMERICA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 271 LATIN AMERICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 272 LATIN AMERICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 273 LATIN AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 274 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 275 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 276 LATIN AMERICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 277 LATIN AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 278 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 279 LATIN AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 280 BRAZIL: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 281 BRAZIL: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 282 BRAZIL: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 283 BRAZIL: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 284 BRAZIL: IOT SECURITY MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 285 BRAZIL: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 286 BRAZIL: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 287 BRAZIL: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 288 BRAZIL: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 289 BRAZIL: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 290 MEXICO: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 291 MEXICO: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 292 MEXICO: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 293 MEXICO: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 294 MEXICO: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 295 MEXICO: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 296 MEXICO: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 297 MEXICO: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 298 MEXICO: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 299 MEXICO: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 300 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 301 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 302 REST OF LATIN AMERICA: MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 303 REST OF LATIN AMERICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 304 REST OF LATIN AMERICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 305 REST OF LATIN AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 306 REST OF LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 307 REST OF LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 308 REST OF LATIN AMERICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 309 REST OF LATIN AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 310 OVERVIEW OF STRATEGIES ADOPTED BY KEY IOT SECURITY VENDORS
  • TABLE 311 MARKET: DEGREE OF COMPETITION
  • TABLE 312 MARKET: OFFERING FOOTPRINT
  • TABLE 313 IOT SECURITY MARKET: APPLICATION FOOTPRINT
  • TABLE 314 MARKET: REGIONAL FOOTPRINT
  • TABLE 315 MARKET: KEY STARTUPS/SMES
  • TABLE 316 APPLICATION FOOTPRINT OF STARTUPS/SMES
  • TABLE 317 REGIONAL FOOTPRINT OF STARTUPS/SMES
  • TABLE 318 MARKET: PRODUCT LAUNCHES, JANUARY 2023–JUNE 2024
  • TABLE 319 IOT SECURITY MARKET: DEALS, JANUARY 2023–JUNE 2024
  • TABLE 320 MICROSOFT: COMPANY OVERVIEW
  • TABLE 321 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 322 MICROSOFT: PRODUCT LAUNCHES
  • TABLE 323 MICROSOFT: DEALS
  • TABLE 324 FORTINET: COMPANY OVERVIEW
  • TABLE 325 FORTINET: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 326 FORTINET: DEALS
  • TABLE 327 AMAZON WEB SERVICES: COMPANY OVERVIEW
  • TABLE 328 AMAZON WEB SERVICES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 329 AMAZON WEB SERVICES: PRODUCT LAUNCHES
  • TABLE 330 AMAZON WEB SERVICES: DEALS
  • TABLE 331 IBM: COMPANY OVERVIEW
  • TABLE 332 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 333 IBM: PRODUCT LAUNCHES
  • TABLE 334 IBM: DEALS
  • TABLE 335 INTEL: COMPANY OVERVIEW
  • TABLE 336 INTEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 337 INTEL: DEALS
  • TABLE 338 CISCO: COMPANY OVERVIEW
  • TABLE 339 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 340 CISCO: PRODUCT LAUNCHES
  • TABLE 341 CISCO: DEALS
  • TABLE 342 THALES GROUP: COMPANY OVERVIEW
  • TABLE 343 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 344 THALES GROUP: PRODUCT LAUNCHES
  • TABLE 345 THALES GROUP: DEALS
  • TABLE 346 INFINEON: COMPANY OVERVIEW
  • TABLE 347 INFINEON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 348 INFINEON: PRODUCT LAUNCHES
  • TABLE 349 INFINEON: DEALS
  • TABLE 350 ALLOT: COMPANY OVERVIEW
  • TABLE 351 ALLOT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 352 ALLOT: DEALS
  • TABLE 353 ATOS: COMPANY OVERVIEW
  • TABLE 354 ATOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 355 ATOS: DEALS
  • TABLE 356 ATOS: OTHER DEVELOPMENTS
  • TABLE 357 CHECK POINT: COMPANY OVERVIEW
  • TABLE 358 CHECK POINT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 359 CHECK POINT: DEALS
  • TABLE 360 PALO ALTO NETWORKS: COMPANY OVERVIEW
  • TABLE 361 PALO ALTO NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 362 PALO ALTO: PRODUCT LAUNCHES
  • TABLE 363 PALO ALTO NETWORKS: DEALS
  • TABLE 364 MOBILEUM: COMPANY OVERVIEW
  • TABLE 365 MOBILEUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 366 MOBILEUM: DEALS
  • TABLE 367 ENTRUST: COMPANY OVERVIEW
  • TABLE 368 ENTRUST: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 369 ENTRUST: PRODUCT LAUNCHES
  • TABLE 370 ENTRUST: DEALS
  • TABLE 371 NXP SEMICONDUCTORS: COMPANY OVERVIEW
  • TABLE 372 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 373 NXP SEMICONDUCTORS: PRODUCT LAUNCHES
  • TABLE 374 NXP SEMICONDUCTORS: DEALS
  • TABLE 375 KASPERSKY: COMPANY OVERVIEW
  • TABLE 376 KASPERSKY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 377 ADJACENT MARKETS AND FORECASTS
  • TABLE 378 OT SECURITY MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 379 OT SECURITY MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 380 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY SOLUTION, 2018–2023 (USD MILLION)
  • TABLE 381 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 382 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY DEPLOYMENT MODE, 2018–2023 (USD MILLION)
  • TABLE 383 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
  • TABLE 384 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY ORGANIZATION SIZE, 2018–2023 (USD MILLION)
  • TABLE 385 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 386 OPERATIONAL TECHNOLOGY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
  • TABLE 387 OPERATIONAL TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 388 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 389 OPERATIONAL TECHNOLOGY SECURITY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 390 CYBERSECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION)
  • TABLE 391 CYBERSECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)
  • TABLE 392 CYBERSECURITY MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
  • TABLE 393 CYBERSECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
  • TABLE 394 CYBERSECURITY MARKET, BY SERVICE, 2017–2022 (USD MILLION)
  • TABLE 395 CYBERSECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)
  • TABLE 396 CYBERSECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD MILLION)
  • TABLE 397 CYBERSECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
  • TABLE 398 CYBERSECURITY MARKET, BY SOLUTION TYPE, 2017–2022 (USD MILLION)
  • TABLE 399 CYBERSECURITY MARKET, BY SOLUTION TYPE, 2023–2028 (USD MILLION)
  • TABLE 400 CYBERSECURITY MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
  • TABLE 401 CYBERSECURITY MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
  • TABLE 402 CYBERSECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
  • TABLE 403 CYBERSECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
  • TABLE 404 CYBERSECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION)
  • TABLE 405 CYBERSECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION)
  • TABLE 406 CYBERSECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION)
  • TABLE 407 CYBERSECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 408 CYBERSECURITY MARKET, BY REGION, 2017–2022 (USD MILLION)
  • TABLE 409 CYBERSECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 IOT SECURITY MARKET: RESEARCH DESIGN
  • FIGURE 2 MARKET: DATA TRIANGULATION
  • FIGURE 3 MARKET: TOP-DOWN APPROACH
  • FIGURE 4 MARKET: BOTTOM-UP APPROACH
  • FIGURE 5 APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOFTWARE/SERVICES OF IOT SECURITY VENDORS
  • FIGURE 6 APPROACH 1: SUPPLY-SIDE ANALYSIS
  • FIGURE 7 IOT SECURITY MARKET ESTIMATION: RESEARCH FLOW
  • FIGURE 8 APPROACH 2 - BOTTOM-UP (DEMAND SIDE): PRODUCTS/SOLUTIONS/SERVICES
  • FIGURE 9 COMPANY EVALUATION MATRIX (KEY PLAYERS): CRITERIA WEIGHTAGE
  • FIGURE 10 COMPANY EVALUATION MATRIX (STARTUPS): CRITERIA WEIGHTAGE
  • FIGURE 11 GLOBAL IOT SECURITY MARKET SIZE AND Y-O-Y GROWTH RATE, 2022–2029
  • FIGURE 12 SEGMENTS WITH SIGNIFICANT MARKET SHARE AND GROWTH RATE
  • FIGURE 13 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2024
  • FIGURE 14 RISING SECURITY CONCERNS DUE TO INCREASING USAGE OF IOT DEVICES IN CRITICAL INFRASTRUCTURE TO DRIVE MARKET
  • FIGURE 15 SOLUTION SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD
  • FIGURE 16 IAM TO BE LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 17 PROFESSIONAL SERVICES TO BE LARGER MARKET DURING FORECAST PERIOD
  • FIGURE 18 SMART MANUFACTURING TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
  • FIGURE 19 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS
  • FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN IOT SECURITY MARKET
  • FIGURE 21 ORIGIN OF IOT ATTACK, BY COUNTRY (%)
  • FIGURE 22 INCREASE IN DATA VOLUMES DUE TO 5G TO ACCELERATE GROWTH OF IOT SECURITY MARKET
  • FIGURE 23 LACK OF STANDARDIZATION IN IOT PROTOCOL TO RESTRICT MARKET GROWTH
  • FIGURE 24 EVOLUTION OF IOT SECURITY
  • FIGURE 25 IOT SECURITY MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 26 MARKET: ECOSYSTEM
  • FIGURE 27 PORTER’S FIVE FORCES ANALYSIS: MARKET
  • FIGURE 28 NUMBER OF PATENTS GRANTED FOR IOT SECURITY MARKET, 2014–2024
  • FIGURE 29 MARKET: REGIONAL ANALYSIS OF PATENTS GRANTED
  • FIGURE 30 AVERAGE SELLING PRICE TREND OF IOT SECURITY AMONG KEY PLAYERS, BY SOLUTION, 2024
  • FIGURE 31 MARKET POTENTIAL OF GENERATIVE AI IN ENHANCING IOT SECURITY MARKET ACROSS INDUSTRIES
  • FIGURE 32 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEM
  • FIGURE 33 REVENUE SHIFT IN IOT SECURITY MARKET
  • FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 36 LEADING GLOBAL IOT SECURITY STARTUPS AND SMES BY NUMBER OF INVESTORS AND FUNDING ROUNDS, 2020–2024
  • FIGURE 37 SERVICES SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 38 IDENTITY AND ACCESS MANAGEMENT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 39 MANAGED SERVICES SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 40 SMART MANUFACTURING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
  • FIGURE 41 ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
  • FIGURE 42 NORTH AMERICA: IOT SECURITY MARKET SNAPSHOT
  • FIGURE 43 ASIA PACIFIC:  MARKET SNAPSHOT
  • FIGURE 44 REVENUE ANALYSIS OF KEY IOT SECURITY VENDORS, 2019-2023 (USD MILLION)
  • FIGURE 45 FINANCIAL METRICS OF KEY IOT SECURITY VENDORS
  • FIGURE 46 VALUATION OF KEY IOT SECURITY VENDORS (USD BILLION)
  • FIGURE 47 IOT SECURITY MARKET SHARE, 2023 (%)
  • FIGURE 48 BRAND COMPARISON/VENDOR PRODUCT LANDSCAPE
  • FIGURE 49 MARKET: KEY COMPANY EVALUATION QUADRANT (2023)
  • FIGURE 50  MARKET: COMPANY FOOTPRINT
  • FIGURE 51 IOT SECURITY MARKET: STARTUP/SME EVALUATION QUADRANT (2023)
  • FIGURE 52 MICROSOFT: COMPANY SNAPSHOT
  • FIGURE 53 FORTINET: COMPANY SNAPSHOT
  • FIGURE 54 AMAZON WEB SERVICES: COMPANY SNAPSHOT
  • FIGURE 55 IBM: COMPANY SNAPSHOT
  • FIGURE 56 INTEL: COMPANY SNAPSHOT
  • FIGURE 57 CISCO: COMPANY SNAPSHOT
  • FIGURE 58 THALES GROUP: COMPANY SNAPSHOT
  • FIGURE 59 INFINEON: COMPANY SNAPSHOT
  • FIGURE 60 ATOS: COMPANY SNAPSHOT
  • FIGURE 61 CHECK POINT: COMPANY SNAPSHOT
  • FIGURE 62 PALO ALTO NETWORKS: COMPANY SNAPSHOT
  • FIGURE 63 NXP SEMICONDUCTORS: COMPANY SNAPSHOT

 

The study involved major activities in estimating the current market size for the IoT security market. Exhaustive secondary research was done to collect information on the IoT security industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments of the market segments and subsegments of the IoT security market.

Secondary Research

The market for the companies offering IoT security solutions is determined by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases.

In the secondary research process, various secondary sources were referred to for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, investor presentations of IoT security vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry’s value chain, the total pool of key players, market classification, and segmentation from market and technology-oriented perspectives and segmentation from market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the IoT security market.

After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), 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, competitive landscape of IoT security solutions offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.

In the complete market engineering process, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information and insights throughout the report to list the key information/insights throughout the report.

Following is the breakup of the primary study:

IoT Security Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the global IoT security market and estimate the size of various other dependent sub-segments in the overall IoT security market.

The research methodology used to estimate the market size includes the following details:

  • Key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives.
  • All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added to detailed inputs and analysis from MarketsandMarkets.  

INFOGRAPHIC DEPICTING MARKET SIZE ESTIMATION METHODOLOGY - APPROACHES

IoT Security Market Approaches

Data Triangulation

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

Market Definition

IoT security is the practice of securing IoT devices and networks they are connected to. The interconnectedness of IoT presents a substantial challenge to enterprises in terms of security risks arising from shadow devices connected to the network. IoT security solutions and services minimize IoT security concerns and protect organizations, people, processes, and data from threats, thus lowering the losses caused by cyberattacks on connected devices.

Key Stakeholders

  • Global managed service providers
  • Cloud Service Providers (CSPs)
  • Independent Software Vendors (ISVs)
  • System integrators
  • Value-added Resellers (VARs)
  • Chief Financial Officers (CFOs)
  • Information Technology (IT) Directors
  • Small and Medium-sized Enterprises (SMEs)
  • IT strategy consultants
  • Technology partners
  • Research organizations
  • Enterprise users

Report Objectives

  • To define, describe, and forecast the IoT security market based on offering, solution, application, and region.
  • To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To analyze opportunities for stakeholders by identifying the high-growth segments of the market
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To analyze subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market
  • To profile the key players and comprehensively analyze their market sizes and core competencies
  • To track and analyze competitive developments such as product enhancements and new product launches, acquisitions, and partnerships & collaborations in the market globally

Customization Options

With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Previous Versions of this Report

IoT Security Market Size, Share, Growth Analysis, By Offering, Solution (IAM, Data Encryption, Device Authentication), Application (Smart Manufacturing, Connected Healthcare), Region - Global Industry Forecast to 2029

Report Code TC 3636
Published in Aug, 2024, By MarketsandMarkets™

IoT Security Market by Type (Network Security, Endpoint, Application Security, & Cloud Security), Offerings (Solutions & Services), Application Area (Smart Manufacturing, Connected Logistics & Transportation), Data Sensitivity - Global Forecast to 2028

Report Code TC 3636
Published in Jul, 2023, By MarketsandMarkets™

IoT Security Market by Type (Network Security, Endpoint Security, Application Security, and Cloud Security), Component (Solutions & Services), Application Area, Deployment Mode (On-premises & Cloud), Organization Size, and Region - Global Forecast to 2026

Report Code TC 3636
Published in Oct, 2021, By MarketsandMarkets™

IoT Security Market by Type (Network Security & Cloud Security), Component, Solution (Identity and Access Management, Security Analytics, & Device Authentication & Management), Service, Application Area, and Region - Global Forecast to 2025

Report Code TC 3636
Published in Jul, 2020, By MarketsandMarkets™

IoT Security Market by Type (Network Security & Cloud Security), Component, Solution (Identity Access Management, Security Analytics, & Device Authentication & Management), Service, Application Area, and Region - Global Forecast to 2023

Report Code TC 3636
Published in Apr, 2019, By MarketsandMarkets™

Internet of Things (IoT) Security Market by Type (Network, Endpoint, Application and Cloud Security), Solution (Identity Access Management, Device Authentication and Management, Security Analytics, and IDS/IPS), Service, Application Area, and Region - Global Forecast to 2022

Report Code TC 3636
Published in Jun, 2017, By MarketsandMarkets™

Internet of Things (IoT) Security Market by Technology (Network, Cloud and Application Security, Identity Access Management, Threat Intelligence, UTM, IDS/IPS, Device Management, Encryption), Industry Vertical and Application - Global Forecast to 2021

Report Code TC 3636
Published in Jul, 2016, By MarketsandMarkets™

Internet of Things (IoT) Security Market by Technologies (Network, Cloud and Application Security, Identity Access Management, Analytics, UTM, IDS/IPS, Device Management, Encryption), Industry Verticals and Applications - Global Forecast to 2020

Report Code TC 3636
Published in Aug, 2015, By MarketsandMarkets™

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Growth opportunities and latent adjacency in IoT Security Market

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