HTF Market Intelligence released a new research Study of 153 pages on title ‘Global Internet of Things Security Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027’ with in-depth analysis, forecast and business moves. The study covers key regions that includes North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy), Other Country (Middle East, Africa, GCC) and important players such as Cisco Systems (United States), IBM Corporation (United States), Intel (United States), Infineon (Germany), Symantec (United States), Siemens (Germany), Gemalto (Netherlands), Allot (Israel), Fortinet (United States), Zingbox (United States), Mocana (United States), Securithings (Israel) and Centri (United States)
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The risk of cyber-attacks is raised by increasing the use of 3 G and 4 G long-term evolution ( LTE), as well as broadband networks and innovations. Via these cellular networks, real-time information, and transaction-related information, which are critical to users, is exchanged; thereby, giving rise to the need for IoT protection. In areas such as health sensors, smart home appliances, smart city ventures, and smart retail, the deployment of the internet is rapidly growing rapidly, raising the need for IoT protection. Thus this enables the market of Internet of Things Security across the world.
The market study is being classified, by Application (Smart Retail, Connected Vehicles, Smart Government and Defense, Connected Healthcare, Consumer Wearables, Connected Logistics, Smart Energy and Utilities and Smart Manufacturing) and major geographies with country level break-up.
Cisco Systems (United States), IBM Corporation (United States), Intel (United States), Infineon (Germany), Symantec (United States), Siemens (Germany), Gemalto (Netherlands), Allot (Israel), Fortinet (United States), Zingbox (United States), Mocana (United States), Securithings (Israel) and Centri (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Armis (United States), Forgerock (United States), Newsky (United States) and Cyber X (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Internet of Things Security market throughout the predicted period.
HTF MI has segmented the market of Global Internet of Things Security market by Type, Application and Region.
On the basis of geography, the market of Internet of Things Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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Hackers attack IoT devices and take advantage of known bugs, such as default usernames, passwords, and backdoor static code. Today, with the incorporation of IoT, all the verticals focus on automation. The early adopters of the IoT are vital infrastructures, such as electricity, water, and other essential services, and are in the automation process.
The use of cloud computing for the collection of sensitive data by separate organizations results in the possibility of unwanted access to data. In addition, the growing practice of taking in your own computer (BYOD) is raising questions about data protection.
IoT security technologies are expensive since security introduces investment due to longer production times and difficulty. It becomes impossible for the manufacturer to patch the current product as a new flaw is discovered. Thus, given the difficulties, they need to build a new approach.
IoT protection allows both the private and public sectors to be secure from trained cybercriminals and advanced IoT attacks. In order to track the information and financial aspects of people, companies, and even countries, cybercriminals use multi-layered cyber attacks. Organizations are, however, searching for streamlined strategies for defense.
Currently, there are no globally accepted set of technical standards for IoT, especially in terms of communications. IoT is extensively used by smart cars to smart manufacturing and connected homes and building automation solutions. However, with heterogeneous IoT networks and its protocols, it becomes difficult for devices connected in one IoT system to communicate with devices in another system.
Market Leaders and their expansionary development strategies
In June 2020, IBM acquired cloud security startup Spanugo to boost compliance. Spanugo’s technology can efficiently and transparently demonstrate cybersecurity compliance in real-time when an organization is audited and delivers improvements and adaptations to reduce the likelihood of a successful attack.
In April 2020, Infineon and Sectigo, a leading provider of automated digital identity management and web security solutions, partnered to protect IoT devices with automated factory provisioning of certificates.
Key Target Audience
Internet of Things Security Developer, IT companies, Organizations, End-Users and Others
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Strategic Points Covered in Table of Content of Internet of Things Security Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Internet of Things Securitymarket. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Internet of Things Security Market. (Introduction)
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
Connect with us at LinkedIn | Facebook | Twitter