The latest report published by Fortune Business Insights states that the IoT Security Market Revenue 2022 is expected to grow steadily in the coming years. The report illustrated latest insights into market drivers, restraints, risks and opportunities in the global market. The IoT Security Market report shows the credible direction of the market in the coming years along with its estimates. A precise study aims to understand the market price. By analyzing the competitive landscape, the authors of the report have made excellent efforts to help the readers understand the key business strategies that large companies employ to maintain market stability.
The global IoT security market size was USD 2,221.0 million in 2019 and is projected to reach USD 20,776.1 million by 2027, exhibiting a CAGR of 32.3 % during the forecast period.
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Report Coverage-
- The report highlights information on various segments at the global, regional, and country level.
- The report contains various details like market share, growth rate, product and their pricing by region/country.
- The report elucidates the market dynamics that are expected to drive the market growth in the forthcoming years.
- The report encompasses the details in relation to application, distribution channel, product type, business strategies, etc.
- The report also covers the COVID-19 impact on the prospected market.
Companies Profiled in the Global IoT Security Market:
- Cisco Systems Inc. (California, United States)
- IBM Corporation (New York, United States)
- Intel Corporation (California, United States)
- Thales Group (Gemalto) (La Défense, France)
- Forgerock (California, United States)
- Infineon Technologies AG (Neubiberg, Germany)
- Mocana Corporation (California, United States)
- NortonLifeLock Inc. (Arizona, United States)
- Allot Ltd. (Hod Hasharon, Israel)
- Fortinet, Inc. (California, United States)
- New Sky Internet Limited (Hong Kong)
The global IoT security market size is expected to reach USD 20,776.1 million by 2027, exhibiting an excellent CAGR of 32.3 % during the forecast period. The increasing implementation of blockchain technology for improved security will have a massive effect on the growth of the market, states Fortune Business Insights, in a report, titled “IoT Security Market Size, Share COVID-19 Impact Analysis, By Component (Software, and Services), By Enterprise Size (SMEs, and Large Enterprises), By Deployment (Cloud and On-Premise), By Product Type (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), By Application (Smart Homes, Smart Manufacturing, Connected Logistics, Connected Healthcare, Smart Retail, and Others), By End-use Industry (Consumer IoT, Manufacturing, Retail, IT and Telecommunication, BFSI, Government, Transportation Automotive, Energy Utilities, Healthcare, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 2,221.0 million in 2019.
An Overview of the Impact of COVID-19 on this Market:
This study specially analyses the impact of Covid-19 epidemic on the Cognitive Cloud Computing, covering the source restraint analysis, impact assessment to the Cognitive Cloud Computing market size growth rate in several scenarios, and the measures to be undertaken by Cognitive Cloud Computing companies in response to the COVID-19 epidemic.
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the IoT Security Market?
2) What is the market size, share of the IoT Security Market?
3) Who are the top market players in IoT Security Market?
4) What will be the future market of the IoT Security Market?
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