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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 - Glo

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

The Internet of Things (IoT) security market is expected to grow at a Compound Annual Growth Rate (CAGR) of 34.4% from 2017 to 2022, owing to the increasing need for security over IoT networks
The IoT security market size is expected to grow from USD 6.62 billion in 2017 to USD 29.02 billion by 2022, at a CAGR of 34.4% from 2017 to 2022. The growing instances of ransomware attacks on IoT networks, mandates the critical need for reliable IoT security solutions. IoT security is gaining importance due to increasing IoT deployments and thereby growing vulnerability of the network and devices to various cyber-attacks such as ransomware attacks. Today IoT has managed to be an integral part of day to day life and hence security aspect associated with it is important. Organizations with IoT deployments are implementing optimum security mechanisms to ensure confidentiality of the data. Today IoT security is important not only for data security of enterprises but also for crucial entities such as human lives and national intelligence.

Integration services among the professional services segment is expected to gain maximum traction during the forecast period
Installation and integration services play major role in ensuring security of the IoT network which comprises of numerous IoT devices, sensors and actuators by implementing security measures to system. Integration service providers help commercial clients implement a secure network across the deployed IoT system by integrating and ensuring that IoT security solutions are in line with the business processes.

Network security is estimated to have the largest market size in IoT security market during the forecast period
Network security is crucial when it comes to the security of whole IoT deployment. Network security comprises of wireless communication & remote access security, and gateway. For secure communications over wireless devices, various secure protocols such as LPWAN, Zig-bee, 6LowPAN, Bluetooth, Z-Wave, and NFC are used. Also, Gateway anti-virus and anti-spyware are used to ensures security of IoT/M2M gateway, intrusions, viruses, spyware, worms, trojans, adware, keyloggers, malicious mobile code (MMC) by using techniques such as ACLs, IDS/IPS, and filtering. Security over wireless netowrk is crucial in IoT systems as it carries voluminous and important data over network and is vulnurable for malacious attacks.

North America is estimated to have the largest market size and Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period
The North American region have witnessed the significant adoption of IoT security services mainly in US and Canada. Enterprises have shown significant interest in deploying IoT technologies in their processes, which helps drive the growth of IoT security market in the region. In 2015, US government invested USD 160 million in smart city initiatives to leverage on big data and analytics to reduce traffic congestion, fight crime, spur economic growth, manage climate change and improve delivery of local services. Also, in 2016, the Department of Homeland Security (DHS) issued a set of principles for securing IoT networks which highlight approaches of IoT security to make responsible and risk-based security decisions. The US government is helping private sector to implement IoT in various businesses, this is evident by the fact that the government of US and ITIF has started working to provide assistance for IoT related issues.

The APAC region is expected to showcase significant growth and is expected to be the fastest-growing region in IoT security market. Countries in the region are coming up with favorable norms for implementing IoT in various fields. Japan has managed to maintain leading position in the region in robotics and IoT technologies in production. Growing requirements for quick computing, virtualized environment, analytics, cyber security and complex networking are among other factor driving market for IoT security in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profile of primary participants is as follows:
• By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30%
• By Designation: C level – 72%, Director level – 14%, and Others – 14%
• By Region: North America – 57%, Europe – 14%, and APAC – 29%

The IoT security ecosystem comprises major vendors, such as PTC, Inc. (US), Symantec Corporation (US), Verizon Enterprise Solutions (US), Trustwave (US), Check Point Security Software Technologies Ltd. (US), Cisco Systems, Inc. (US), IBM Corporation (US), Infineon Technologies (Germany), Gemalto NV (Netherlands), AT&T, Inc. (US), Trend Micro, Inc. (Japan), DigiCert (US).

Research Coverage
The report includes in-depth competitive analysis of these key players in the IoT security market, with their company profiles, recent developments, and key market strategies. The research report segments the IoT security market by type, solution, service, application area and region.

Reasons to buy the Report
The IoT security market has been segmented on the basis of type, solutions, services, application area and regions.
The report will help the market leaders/new entrants in this market in the following ways:
1. The overall IoT security market size has been estimated based on the revenues earned by vendors, offering solutions and services in multiple application areas, inclusive of professional and managed IoT security services. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split into regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE IOT SECURITY MARKET
    • IOT SECURITY MARKET, BY TOP 3 SOLUTION AND REGION, 2017
    • LIFECYCLE ANALYSIS, BY REGION, 2017
    • MARKET INVESTMENT SCENARIO
    • IOT SECURITY MARKET, BY TYPE, 2017-2022
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • REGULATORY IMPLICATIONS
      • ISO STANDARDS
      • ISO/IEC JTC1
      • IEEE
      • CEN/ISO
      • CEN/CENELEC
      • ETSI
      • ITU-T
      • NIST
    • IOT THREAT MAP ANALYSIS
  • IOT SECURITY MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table IOT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
  • IOT SECURITY MARKET ANALYSIS, BY TYPE
    • INTRODUCTION
      • Table IOT SECURITY MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table TYPE: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NETWORK SECURITY
      • Table NETWORK SECURITY: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ENDPOINT SECURITY
      • Table ENDPOINT SECURITY: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • APPLICATION SECURITY
      • Table APPLICATION SECURITY: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CLOUD SECURITY
      • Table CLOUD SECURITY: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • IOT SECURITY MARKET ANALYSIS, BY SOLUTION
    • INTRODUCTION
      • Table IOT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table SOLUTIONS: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • IDENTITY ACCESS MANAGEMENT
      • Table IDENTITY ACCESS MANAGEMENT: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • DATA ENCRYPTION AND TOKENIZATION
      • Table DATA ENCRYPTION AND TOKENIZATION: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM
      • Table INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • DEVICE AUTHENTICATION AND MANAGEMENT
      • Table DEVICE AUTHENTICATION AND MANAGEMENT: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SECURE SOFTWARE AND FIRMWARE UPDATE
      • Table SECURE SOFTWARE AND FIRMWARE UPDATE: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SECURE COMMUNICATIONS
      • Table SECURE COMMUNICATIONS: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • PKI LIFECYCLE MANAGEMENT
      • Table PKI LIFECYCLE MANAGEMENT: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • DISTRIBUTED DENIAL OF SERVICE PROTECTION
      • Table DISTRIBUTED DENIAL OF SERVICE PROTECTION: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SECURITY ANALYTICS
      • Table SECURITY ANALYTICS: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • IOT SECURITY MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table IOT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table SERVICES: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • PROFESSIONAL SERVICES
      • Table IOT SECURITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table PROFESSIONAL SERVICES: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • INTEGRATION SERVICES
        • Table INTEGRATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • SUPPORT AND MAINTENANCE
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • CONSULTING SERVICES
        • Table CONSULTING SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MANAGED SERVICES
      • Table MANAGED SERVICES: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • IOT SECURITY MARKET ANALYSIS, BY APPLICATION AREA
    • INTRODUCTION
      • Table IOT SECURITY MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
      • Table APPLICATION AREA: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMART MANUFACTURING
      • Table SMART MANUFACTURING: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMART ENERGY AND UTILITIES
      • Table SMART ENERGY AND UTILITIES: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONNECTED LOGISTICS
      • Table CONNECTED LOGISTICS: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONSUMER WEARABLES
      • Table CONSUMER WEARABLES: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONNECTED HEALTHCARE
      • Table CONNECTED HEALTHCARE: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMART GOVERNMENT AND DEFENSE
      • Table SMART GOVERNMENT AND DEFENSE: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONNECTED VEHICLES
      • Table CONNECTED VEHICLES: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMART RETAIL
      • Table SMART RETAIL: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table IOT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: IOT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: IOT SECURITY MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: IOT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: IOT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: IOT SECURITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: IOT SECURITY MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: IOT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: IOT SECURITY MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table EUROPE: IOT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table EUROPE: IOT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: IOT SECURITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: IOT SECURITY MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: IOT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: IOT SECURITY MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: IOT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: IOT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: IOT SECURITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: IOT SECURITY MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: IOT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT SECURITY MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT SECURITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT SECURITY MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: IOT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: IOT SECURITY MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: IOT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: IOT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: IOT SECURITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: IOT SECURITY MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • MICROQUADRANT OVERVIEW
      • VANGUARDS
      • INNOVATORS
      • DYNAMIC
      • EMERGING
    • COMPETITIVE BENCHMARKING
      • PRODUCT OFFERINGS
      • BUSINESS STRATEGIES
        • Table MARKET RANKING FOR THE IOT SECURITY SOLUTION PROVIDERS, 2017
  • COMPANY PROFILES
    • PTC INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • SYMANTEC CORPORATION
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • VERIZON ENTERPRISE SOLUTIONS
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • TRUSTWAVE
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • CHECK POINT SECURITY SOFTWARE TECHNOLOGIES LTD.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • CISCO SYSTEMS, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • INTERNATIONAL BUSINESS MACHINES CORPORATION
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • INFINEON TECHNOLOGIES
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • GEMALTO NV
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • AT&T, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • TREND MICRO, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • DIGICERT
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INDUSTRY EXCERPTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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