IoT is also known as Internet of Things. Internet of things helps in efficiently connecting several devices such as industrial equipment and consumer objects over to a specific network and hence enable them to collect and gather information and manage all those connected devices through a software in order to increase the overall efficiency. Thus, internet of things enables improved and new services. Internet of things is considered as a combination of embedded hardware, software, communication services and IT services. Internet of things helps in the creation of efficient and smart communication procedures such as smart shopping, smart homes, smart healthcare and smart transportation among others.
The rising demand for the improved regulatory compliance is one of the most important and major aspects driving the growth of the global IOT security market. Due to the vast amount of digital information which is to be transferred across the globe, the governments of several economies are concentrating on taking sincere steps to secure the overall interconnected networks from threats, virus and hackers. Thus, rising compliance with the above mentioned norms and regulations is one of the key factors propelling the demand for IoT security solutions during the forecast period hence driving the global IOT security market. In addition to this, technological advancements such as 3G and 4G LTE as well as increasing number of threats such as data hacking has increased over the past few years which has forced the governments of several countries to employ strict regulatory compliance in order to support the overall deployment of internet of things security solutions around the world.
The market is segmented by type and region. On the basis of type, the global IOT security market can be bifurcated into end point security, network security, cloud security, application security and others. On the basis of region, the global streaming analytics market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, China is further projected to account for the highest share in the global market and is anticipated to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Russia, Brazil, Indonesia, Poland, Argentina, New Zealand, Korea and India among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is another key factor which is expected to bring impetus in the growth of the global market during the
Key players operating in the global market are concentrating on some of the major market strategies such as mergers, partnerships, collaborations and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Moreover, companies are also focusing on collaborating with local players to increase their reach across all geographies and earn huge profits. Partnership with multinational companies to strengthen their market reach and goodwill is also anticipated to be a major market strategy in the global cloud collaboration market. Some of the players in global IoT security market includes Cisco Systems, Infineon Technologies, Wurldtech Security, Intel Corporation, Alcatel Lucent S.A., Siemens AG, Axeda Machine Cloud, Checkpoint Technologies, AT&T Inc., IBM Corporation, NETCOM On Line Communication Services, Inc. and Huawei Technologies Co. Ltd. among others.
Identity Access Management
Data Loss Protection
Dispatch & Incident Response
Distributed Denial of Service Protection
Information & Communication Technology