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Security and Privacy in the Internet of Things (IoT): Challenges, Market Opportunities and Forecast 2015 – 2020

Security and Privacy in the Internet of Things (IoT): Challenges, Market Opportunities and Forecast 2015 – 2020

The Internet of Things (IoT) has the potential to become as silent, hidden, omnipresent, and essential as the air to modern society. Like the air, IoT also has virtually limitless access points and vulnerabilities. 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.

This research assesses the current state of IoT security, 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 provides a five year scenario assessment and forecasts for the period of 2015 – 2020. Investments in IoT security related products in the North America region alone will reach $14.9 billion through 2020 with a CAGR of 30%

Mind Commerce IoT Security forecasting provides comprehensive data globally as well as by region, categories, and segments of IoT. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.

Target Audience:

Security companies
Internet of Things companies
Wireless device manufacturers
Wearable technology suppliers
Digital signal processor providers
Telephony infrastructure providers
Computer and semiconductor companies
Embedded hardware, software and OS providers
Mobile/wireless network operators and service providers
Next generation application developers and content providers
Consumer electronics merchandisers and application providers

Companies in Report:

Anthem
ARM Holdings
BMW
Beth Israel Deaconess Medical Center
Cisco
Fiat Chrysler Automobiles
FireEye’s Mandiant cyber security
Harman International Industries Inc.
Infineon Technologies AG
Intel Security Group (McAfee)
Mercedes Benz
National Highway Traffic Safety Administration (NHTSA)
New England Healthcare Exchange Network
Offspak
Premera Blue Cross
SamyGo
Sansa
Symantec

General Methodology

Mind Commerce Publishing's research methodology encompasses input from a wide variety of sources.

We rely heavily upon our Subject Matter Experts (SME) in terms of their market knowledge, unique perspective, and vision. We utilize SME industry contacts as well as previous customers and participants in our market surveys and interactive interviews.

In addition, we rely upon our extensive internal database, which contains modeling, qualitative analysis, and quantitative data. We review secondary sources and compare to our primary sources to update previous findings (for prior version reports) and/or compile baseline information for technology and market modeling.

We share preliminary models with industry contacts (select previous clients, experts, and thought leaders) to verify the veracity of initial modeling. Prior to final report production (analysis, findings, and conclusions), we engage in an internal review with internal SMEs as well as cross-expertise, senior staff members to challenge results.

We believe that forecasts should be prepared as part of an integrated process which involves both quantitative as well as qualitative factors. We follow the following 3-step process for forecasting.

Forecasting Methodology

Step 1 - Forecasts Input: The inputs for the present and historical revenues are derived from industry players. Financial and other quantitative data for individual sub-market categories are derived from original research and tested with interviews with major industry constituents.

Step 2 - Forecasting of Future Years: Mind Commerce extends forecasts based on a variety of factors including demand drivers as well as supply side data. Key success factors and assumptions are considered.

Step 3 - Validation of Data: The final step is to validate projections, which is accomplished in consultation with both internal and external industry experts, including both topic and regional experts. Adjustments are made to the forecasts based on factors identified throughout this process.


1 Introduction
1.1.1 Scope of Study
1.1.2 Intended Audience
1.1.3 Companies Mentioned in the Report
2 Executive Summary
3 Overview
3.1 Cyber Security
3.2 Ramification of Cyber Security Threats
3.3 Internet of Things (IoT)
3.4 Concerns over Security in IoT
3.5 Potential Methods to Curb Threats to IoT
3.6 Case studies: IoT Security Threats and solutions
3.6.1 Fiat Chrysler Automobiles
3.6.2 Samsung Smart TV
3.6.3 4.5 million Patient Record Privacy Breach
4 Security Solutions in IoT
4.1 Challenges in Developing Security solutions for IoT
4.1.1 Multivendor Nature of IoT Business
4.1.2 Lack of Standard Security Practices
4.1.3 IoT Devices are Already in the Market without much Security Measures
4.1.4 Hackers are now more Professional in Behavior
4.1.5 IoT is a Soft Target for Data Leaks and Privacy Breaches
4.1.6 Data Theft and Privacy Breach in IoT will often go Long Unnoticed
4.2 Solutions for Securing IoT
4.3 Three Key Steps to Secure IoT
4.3.1 Securing Device
4.3.2 Using Secure Communication Protocols
4.3.3 Securing and Protecting Data
4.4 Three Key Measures that will help Secure IoT
4.4.1 Convergence of IT and OT Security Policies
4.4.2 Securing Mobile Device and Mobile Applications
4.4.3 Securing Cloud
5 Global Markets for IoT Security Solutions 2015 - 2020
5.1 Markets for IoT 2015 - 2020
5.2 Markets for Security Solutions in IoT 2015 - 2020
5.3 Markets for Security Solutions for IoT by Segment
5.3.1 Markets for Hardware Security Solutions 2015 – 2020
5.3.2 Markets for Security solutions for Cloud based Services / Apps 2015 - 2020
5.3.3 Markets for Security Solutions for Consulting & Management Services 2015 - 2020
5.4 Global Markets for Security Solutions in IoT 2015 – 2020
5.4.1 North America Markets for Security in IoT 2015 – 2020
5.4.2 EMEA Markets for Security in IoT 2015 – 2020
5.4.3 APAC Markets for Security in IoT 2015 – 2020
5.4.4 CALA Markets for Security in IoT 2015 – 2020
6 Key Company Profiles
6.1 ARM Holdings
6.2 Cisco
6.3 Infineon Technologies AG
6.4 Intel Security Group (McAfee)
6.5 Symantec
Figures
Figure 1: Global IoT Markets: 2015-2020 ($Billions)
Figure 2: Security Solutions for IoT ($ Billions)
Figure 3: Markets for Security Solutions by IoT category ($ Millions)
Figure 4: Markets for Security Solutions for IoT by Segment ($ Millions)
Figure 5: Markets for Security H/W (Sensors /Edge/End Device) Solutions 2015 – 2020 ($ Millions)
Figure 6: Regional Markets for Security H/W Solutions 2015 – 2020 ($ Millions)
Figure 7: Markets for Security Solutions for Cloud based Services/Apps 2015 – 2020 ($ Millions)
Figure 8: Regional Markets for Cloud based Solutions 2015 – 2020 ($ Millions)
Figure 7: Markets for Consulting & Management Services 2015 – 2020 ($ Millions)
Figure 8: Regional Markets for Consulting and Management Services: 2015 – 2020 ($ Millions)
Figure 9: Regional Markets: Security Solutions for IoT ($ Millions)
Figure 10: Regional Markets for Security solution for IIoT: 2015 – 2020 ($ Millions)
Figure 11: Regional Markets for Security solution for Consumer IoT: 2015 – 2020 ($ Millions)
Figure 12: Security solution Market in North America 2015 – 2020 ($ Millions)
Figure 13: North America: Markets for Security Solutions by Category of IoT 2015 – 2020 ($ Millions)
Figure 14: North American Markets for Security Solutions for IoT by Segment ($ Millions)
Figure 15: Security solution Market EMEA 2015 – 2020 ($ Millions)
Figure 16: EMEA: Markets for Security Solutions by Category of IoT 2015 – 2020 ($ Millions)
Figure 17: EMEA Markets for Security Solutions for IoT by Segment ($ Millions)
Figure 18: Security solution Market APAC 2015 – 2020 ($ Millions)
Figure 19: APAC: Markets for Security Solutions by Category of IoT 2015 – 2020 ($ Millions)
Figure 20: APAC Markets for Security Solutions for IoT by Segment ($ Millions)
Figure 21: Security solution Market CALA 2015 – 2020 ($ Millions)
Figure 22: CALA: Markets for Security Solutions by Category of IoT 2015 – 2020 ($ Millions)
Figure 23: CALA Markets for Security Solutions for IoT by Segment ($ Millions)
Tables
Table 1: Cyber Crime in Top 15 Countries
Table 2: Cyber Crime by Category (%)
Table 3: IoT Security Challenges and Solutions at a Glance
Table 4: Global IoT Markets: 2015-2020 ($Billions)
Table 5: Security Solutions for IoT ($ Billions)
Table 6: Markets for Security Solutions by IoT category ($ Millions)
Table 7: Markets for Security Solutions for IoT by Segment ($ Millions)
Table 8: Markets for Security H/W (Sensors /Edge/Endpoint) Solutions 2015 – 2020 ($ Millions)
Table 9: Regional Markets for Security H/W Solutions 2015 – 2020 ($ Millions)
Table 10: Markets for Security Solutions for Cloud based Services/Apps 2015 – 2020 ($ Millions)
Table 11: Regional Markets for Cloud based Services/Apps 2015 – 2020 ($ Millions)
Table 10: Markets for Consulting & Management Services 2015 – 2020 ($ Millions)
Table 11: Regional Markets for Consulting and Management Services 2015 – 2020 ($ Millions)
Table 12: Regional Markets: Security Solutions for IoT ($ Millions)
Table 13: Regional Markets for Security solution for IIoT 2015 – 2020 ($ Millions)
Table 14: Regional Markets for Security solution for Consumer IoT 2015 – 2020 ($ Millions)
Table 15: Security solution Market in North America: 2015 – 2020 ($ Millions)
Table 16: North America: Markets for Security Solutions by Category of IoT: 2015 – 2020 ($ Millions)
Table 17: North American Markets for Security Solutions for IoT by Segment ($ Millions)
Table 18: Security solution Market in EMEA 2015 – 2020 ($ Millions)
Table 19: EMEA: Markets for Security Solutions by Category of IoT 2015 – 2020 ($ Millions)
Table 20: EMEA Markets for Security Solutions for IoT by Segment ($ Millions)
Table 21: Security solution Market in APAC: 2015 – 2020 ($ Millions)
Table 22: APAC: Markets for Security Solutions by Category of IoT 2015 – 2020 ($ Millions)
Table 23: APAC Markets for Security Solutions for IoT by Segment ($ Millions)
Table 24: Security solution Market in CALA: 2015 – 2020 ($ Millions)
Table 25: CALA: Markets for Security Solutions by Category of IoT 2015 – 2020 ($ Millions)
Table 26: CALA Markets for Security Solutions for IoT by Segment ($ Millions)

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