Internet of Things Security and Privacy Market Outlook and Forecasts 2021 – 2028

Internet of Things Security and Privacy Market Outlook and Forecasts 2021 – 2028

Security in IoT has now become a key priority as solutions are becoming more mainstream and both the potential risk and magnitude of impact are becoming significant. Incidences from 2020 and earlier regarding IoT have represented not only a breach of trust but also a threat to personal and enterprise data security.

While initially hackers have been largely a nuisance, Mind Commerce anticipates that their intrusions will become increasingly impactful leading to the potential for operational disruption, industrial espionage, damage to enterprise assets, and even potential physical harm to human beings.

To regain trust, IoT has to undergo a transformation with respect to front end policy and design a unified procedure that will take care of the entire IoT lifecycle. The key issue of IoT is that it is not one platform technology and involves many stakeholders and multi-vendor nature of business. Therefore, solutions developed for securing IoT are also designed as per the thing and its use in the field.

This report assesses the current state of IoT security and privacy, analyzes current challenges, and evaluates potential opportunities. The report assesses the need for security for IoT in different areas and identifies existing and needed solutions.

The report also assesses the specific hardware and software solutions required to ensure IoT security and privacy. It also identifies market opportunities by security type across the ecosystem. The report also evaluates the impact of IoT security technologies on different industry verticals.

The study identifies the global and regional market for IoT security and privacy during 2021 – 2028 covering all major market components such as hardware, software, security type, deployment and country. The report also provides exclusive recommendations for stakeholders.

Select Report Findings:
• IoT security and privacy solutions will be used by more than 93% of the enterprises by 2028
• Global IoT security and privacy market is posed to reach USD $72 billion by 2028
• Sensors and endpoint device will be the top hardware technologies
• Software solution will hold more than 50% of the market share
• Network and endpoint security will be the top security category
• Retail and government sector will be the top adopter
• North America will lead the IoT platform market

Companies in Report:
• ARM Holdings
• Armis
• AT&T Cybersecurity
• Broadcom (CA Technologies)
• Centri Technology
• Check Point Software Technologies
• Cisco Systems
• Claroty
• CyberVision
• Digi International
• DigitCert
• Dragos Security
• ForgeRock
• Fortinet
• Gemalto
• IBM Corporation
• Infineon
• Intel Security Group
• Karamba Security
• MagicCube
• Microsoft
• Mocana
• Newsky Internet
• Palo Alto Networks
• Sectigo Limited (Icon Labs)
• Securithings
• Siemens AG
• Symantec
• Trend Micro
• Trustwave Holdings
• VDOO
• Veridify Security


1.0 Executive Summary
2.0 Introduction
2.1 Defining IoT Security and Privacy
2.1.1 Functional Structure
2.1.2 IoT Economic Impact Analysis
2.2 Cybersecurity Threat
2.3 Consumer IoT and Industrial IoT
2.4 IoT Threat Detection Method and Concern
2.5 IoT Security Market Driver
2.5.1 Convergence of IT and OT Security Policies
2.5.2 Rapid changes in Infrastructure Technology
2.5.3 Increased demand for connectivity
2.5.4 Standardization of Network Security Policies
2.5.5 Securing Mobile Device and Mobile Applications
2.5.6 Securing Cloud
2.6 IoT Security Market Challenges
2.6.1 Multivendor Nature of IoT Business
2.6.2 Lack of Standard Security Practices
2.6.3 IoT Devices are Already in the Market without much Security Measures
2.6.4 Hackers are now more Professional in Behavior
2.6.5 IoT is a Soft Target for Data Leaks and Privacy Breaches
2.6.6 Data Theft and Privacy Breach in IoT will often go Long Unnoticed
2.7 Solutions for Securing IoT
2.8 Data Management and IoT Data Security
2.9 Cloud Data Management
2.10 Connected System and IoT Security
2.11 IoT Value Chain
2.11.1 Hardware Device Providers
2.11.2 Component Providers
2.11.3 Platform Providers
2.11.4 Software and Service Providers
2.12 IoT Security Standards and Legislation
3.0 IoT Security Technology and Application Analysis
3.1 IoT Security Steps and Solutions
3.1.1 Securing Devices
3.1.1.1 Secure Booting
3.1.1.2 Use Access Controls
3.1.1.3 Authenticate Devices
3.1.1.4 Frequent Updates and Patches
3.1.1.5 Adding firewalls and IPS
3.1.2 Using Secure Communication Protocols
3.1.3 Securing and Protecting Data
3.1.4 Integrate IoT Security, PKI, and Digital Certificate with Design Phase
3.1.5 API Security
3.1.6 Network Access Control
3.1.7 Security Gateway
3.2 Hardware Device and Equipment
3.3 Software Solution
3.3.1 Identity and Access Management
3.3.2 Data Encryption and Tokenization
3.3.3 Intrusion Detection and Prevention System
3.3.4 Device Authentication and Management
3.3.5 Secure Communications
3.3.6 Public Key Infrastructure and Lifecycle Management
3.3.7 DDoS Protection
3.3.8 Security Analytics
3.3.9 Unified Threat Management
3.4 Security Type
3.4.1 Network Security
3.4.2 Endpoint Security
3.4.3 Application Security
3.4.4 Cloud Security
3.4.5 Web and Email Security
3.5 Industry Implication Analysis
3.6 Regional Implication Analysis
3.7 Case Study
3.7.1 Fiat Chrysler Automobiles
3.7.2 Samsung Smart TV
3.7.3 4.5 million Patient Record Privacy Breach
4.0 Company Analysis
4.1 Allot
4.2 Armis
4.3 ARM Holdings
4.4 AT&T Cybersecurity
4.5 Broadcom (CA Technologies)
4.6 Check Point Software Technologies
4.7 Centri Technology
4.8 Cisco Systems
4.9 Claroty
4.10 Microsoft
4.11 CyberVision
4.12 Digi International
4.13 DigitCert
4.14 Dragos Security
4.15 Fortinet
4.16 Gemalto
4.17 IBM Corporation
4.18 Infineon
4.19 Intel Security Group
4.20 Symantec
4.21 Trustwave Holdings
4.22 Trend Micro
4.23 ForgeRock
4.24 Sectigo Limited (Icon Labs)
4.25 Karamba Security
4.26 MagicCube
4.27 Mocana
4.28 Newsky Internet
4.29 Palo Alto Networks
4.30 Veridify Security
4.31 Securithings
4.32 Siemens AG
4.33 VDOO
5.0 IoT Security Market Analysis and Forecast 2021 – 2028
5.1 Global IoT Security and Privacy Market 2021 – 2028
5.1.1 Global IoT Security and Privacy Market by Segment
5.1.2 Global IoT Security and Privacy Market by Hardware Solution
5.1.3 Global IoT Security and Privacy Market by Software Solution
5.1.4 Global IoT Security and Privacy Market by Service
5.1.4.1 Global IoT Security and Privacy Market by Professional Service
5.1.5 Global IoT Security and Privacy Market by Security Category
5.1.6 Global IoT Security and Privacy Market by Industry Vertical
5.1.7 Global IoT Security and Privacy Market by IoT Sector
5.1.7.1 Global Enterprise IoT Security and Privacy Market by Enterprise Type
5.1.8 Global IoT Security and Privacy Market by Deployment
5.2 Regional IoT Security and Privacy Market 2021 – 2028
5.2.1 IoT Security and Privacy Market by Region
5.2.2 North America IoT Security and Privacy Market: Hardware, Software, Service, Security Type, Industry Vertical, IoT Sector, Deployment, and Country
5.2.3 APAC IoT Security and Privacy Market: Hardware, Software, Service, Security Type, Industry Vertical, IoT Sector, Deployment, and Country
5.2.4 Europe IoT Security and Privacy Market: Hardware, Software, Service, Security Type, Industry Vertical, IoT Sector, Deployment, and Country
5.2.5 Latin America IoT Security and Privacy Market: Hardware, Software, Service, Security Type, Industry Vertical, IoT Sector, Deployment, and Country
5.2.6 MEA IoT Security and Privacy Market: Hardware, Software, Service, Security Type, Industry Vertical, IoT Sector, Deployment, and Country
6.0 Conclusions and Recommendations
6.1 Advertisers and Media Companies
6.2 Artificial Intelligence Providers
6.3 Automotive Companies
6.4 Broadband Infrastructure Providers
6.5 Communication Service Providers
6.6 Computing Companies
6.7 Data Analytics Providers
6.8 Immersive Technology (AR, VR, and MR) Providers
6.9 Networking Equipment Providers
6.10 Networking Security Providers
6.11 Semiconductor Companies
6.12 IoT Suppliers and Service Providers
6.13 Software Providers
6.14 Device Manufacturers
6.15 Smart City System Integrators
6.16 Automation System Providers
6.17 Social Media Companies
6.18 Workplace Solution Providers
6.19 Enterprises and Governments
Figures
Figure 1: IoT Security Functional Structure
Figure 2: Fog Computing, IoT, and Data Management
Figure 3: Big Data in IoT
Figure 4: IoT and the Cloud
Figure 5: IoT Platforms and Cloud Data Management
Figure 6: Global IoT Security and Privacy Market 2021 – 2028
Tables
Table 1: Cybercrime top 15 Countries
Table 2: US Cybercrime by Category
Table 3: IoT Security Solutions
Table 4: Global IoT Security and Privacy Market by Segment 2021 – 2028
Table 5: Global IoT Security and Privacy Market by Hardware Solution 2021 – 2028
Table 6: Global IoT Security and Privacy Market by Software Solution 2021 – 2028
Table 7: Global IoT Security and Privacy Market by Service 2021 – 2028
Table 8: Global IoT Security and Privacy Market by Professional Service 2021 – 2028
Table 9: Global IoT Security and Privacy Market by Security Category 2021 – 2028
Table 10: Global IoT Security and Privacy Market by Industry Vertical 2021 – 2028
Table 11: Global IoT Security and Privacy Market by IoT Sector 2021 – 2028
Table 12: Global Enterprise IoT Security and Privacy Market by Enterprise Type 2021 – 2028
Table 13: Global IoT Security and Privacy Market by Deployment 2021 – 2028
Table 14: IoT Security and Privacy Market by Region 2021 – 2028
Table 15: North America IoT Security and Privacy Market by Segment 2021 – 2028
Table 16: North America IoT Security and Privacy Market by Hardware Solution 2021 – 2028
Table 17: North America IoT Security and Privacy Market by Software Solution 2021 – 2028
Table 18: North America IoT Security and Privacy Market by Service 2021 – 2028
Table 19: North America IoT Security and Privacy Market by Professional Service 2021 – 2028
Table 20: North America IoT Security and Privacy Market by Security Category 2021 – 2028
Table 21: North America IoT Security and Privacy Market by Industry Vertical 2021 – 2028
Table 22: North America IoT Security and Privacy Market by IoT Sector 2021 – 2028
Table 23: North America Enterprise IoT Security and Privacy Market by Enterprise Type 2021 – 2028
Table 24: North America IoT Security and Privacy Market by Deployment 2021 – 2028
Table 25: North America IoT Security and Privacy Market by Country 2021 – 2028
Table 26: APAC IoT Security and Privacy Market by Segment 2021 – 2028
Table 27: APAC IoT Security and Privacy Market by Hardware Solution 2021 – 2028
Table 28: APAC IoT Security and Privacy Market by Software Solution 2021 – 2028
Table 29: APAC IoT Security and Privacy Market by Service 2021 – 2028
Table 30: APAC IoT Security and Privacy Market by Professional Service 2021 – 2028
Table 31: APAC IoT Security and Privacy Market by Security Category 2021 – 2028
Table 32: APAC IoT Security and Privacy Market by Industry Vertical 2021 – 2028
Table 33: APAC IoT Security and Privacy Market by IoT Sector 2021 – 2028
Table 34: APAC Enterprise IoT Security and Privacy Market by Enterprise Type 2021 – 2028
Table 35: APAC IoT Security and Privacy Market by Deployment 2021 – 2028
Table 36: APAC IoT Security and Privacy Market by Country 2021 – 2028
Table 37: Europe IoT Security and Privacy Market by Segment 2021 – 2028
Table 38: Europe IoT Security and Privacy Market by Hardware Solution 2021 – 2028
Table 39: Europe IoT Security and Privacy Market by Software Solution 2021 – 2028
Table 40: Europe IoT Security and Privacy Market by Service 2021 – 2028
Table 41: Europe IoT Security and Privacy Market by Professional Service 2021 – 2028
Table 42: Europe IoT Security and Privacy Market by Security Category 2021 – 2028
Table 43: Europe IoT Security and Privacy Market by Industry Vertical 2021 – 2028
Table 44: Europe IoT Security and Privacy Market by IoT Sector 2021 – 2028
Table 45: Europe Enterprise IoT Security and Privacy Market by Enterprise Type 2021 – 2028
Table 46: Europe IoT Security and Privacy Market by Deployment 2021 – 2028
Table 47: Europe IoT Security and Privacy Market by Country 2021 – 2028
Table 48: Latin America IoT Security and Privacy Market by Segment 2021 – 2028
Table 49: Latin America IoT Security and Privacy Market by Hardware Solution 2021 – 2028
Table 50: Latin America IoT Security and Privacy Market by Software Solution 2021 – 2028
Table 51: Latin America IoT Security and Privacy Market by Service 2021 – 2028
Table 52: Latin America IoT Security and Privacy Market by Professional Service 2021 – 2028
Table 53: Latin America IoT Security and Privacy Market by Security Category 2021 – 2028
Table 54: Latin America IoT Security and Privacy Market by Industry Vertical 2021 – 2028
Table 55: Latin America IoT Security and Privacy Market by IoT Sector 2021 – 2028
Table 56: Latin America Enterprise IoT Security and Privacy Market by Enterprise Type 2021 – 2028
Table 57: Latin America IoT Security and Privacy Market by Deployment 2021 – 2028
Table 58: Latin America IoT Security and Privacy Market by Country 2021 – 2028
Table 59: MEA IoT Security and Privacy Market by Segment 2021 – 2028
Table 60: MEA IoT Security and Privacy Market by Hardware Solution 2021 – 2028
Table 61: MEA IoT Security and Privacy Market by Software Solution 2021 – 2028
Table 62: MEA IoT Security and Privacy Market by Service 2021 – 2028
Table 63: MEA IoT Security and Privacy Market by Professional Service 2021 – 2028
Table 64: MEA IoT Security and Privacy Market by Security Category 2021 – 2028
Table 65: MEA IoT Security and Privacy Market by Industry Vertical 2021 – 2028
Table 66: MEA IoT Security and Privacy Market by IoT Sector 2021 – 2028
Table 67: MEA Enterprise IoT Security and Privacy Market by Enterprise Type 2021 – 2028
Table 68: MEA IoT Security and Privacy Market by Deployment 2021 – 2028
Table 69: MEA IoT Security and Privacy Market by Country 2021 – 2028

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook