19 November 2018
Visiongain’s Internet of Things (IoT) Security Market Report 2018-2028: Forecasts by Application (Transportation (Transportation Sector, Connected Cars), Industrial (Information & Communication Technology, Smart Manufacturing, BFSI, IoT Retail), Healthcare, Consumer Electronics), Solution Type (Threat Analysis, Identity Access Management, Data Loss Protection, Encryption, Dispatch and Incident Response, Distributed Denial of Service Protection, Others) and Security Type (Network Security, End-Point Security, Cloud Security, Application Security, Others) PLUS Profiles of the Leading Companies and Regional and Leading National Market Analysis report indicates that the Internet of Things security market is set to be worth $10,839mn in 2019, driven by the increasing number of IoT applications.
Visiongain’s cyber analyst and the author of Internet of Things (IoT) Security Market Report 2019-2029 commented that: "The current development and deployment of IoT initiatives could create a new golden era in the global economy. IoT has the potential to increase productivity, disrupt industrial production and change our life as we know it, just as with the earlier technological revolutions. Consequentially ensuring these devices are secure to prevent potential catastrophe is of vital importance to governments, businesses, and individuals alike. Visiongain believes that the IoT revolution has already started and is gaining momentum at a fast pace. Simple evidence to support this is the dramatic rate of adoption in mobile technology. This mass adoption is pushing towards a new era of creative disruption in media and amongst mobile network providers.
Considering that our infrastructure, transport, hospital equipment, and industries are increasingly becoming part of the IoT network, the consequences of a breach could be catastrophic for businesses, the economy, and even have lethal ramifications. This will create a huge impetus to utilise societal resources to develop robust and reliable IoT Security."
The 240-page report contains 264 tables, charts and graphs that utilise visual representation in order to clarify trends and market projections within the Internet of Things security market. Visiongain provides forecasts for the period 2019-2029 by Application, Solution Type and Security Type, as well as for 15 leading Companies. The report also provides forecasts are also for each of the 19 leading national markets as well as the ROW.
The Internet of Things (IoT) Security Market Report 2019-2029 report will be of impressive value to current, and future, investors into the Internet of Things security market, as well as to companies and research centres who wish to broaden their knowledge of the Internet of Things security industry.
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The lead analyst of the report said, North America generated the highest revenue in 2020 accounting for $5.07 billion. There is a huge market for IoT security in North America. North American homes have the highest density of internet of things (IoT) devices of any region in the world, according to researchers at Stanford University and Avast.
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