Dublin, May 16, 2020 (Issuewire.com) - Internet of Things (IoT) security solutions help in providing security to the IoT enabled devices. These security solutions help in detecting the presence of malicious software and help the systems recover from such malicious attacks. The various types of the Internet of Things (IoT) security solutions are Identity Access Management (IAM), data encryption, security analytics, unified threat management, intrusion detection systems etc. Internet of Things (IoT) security solutions helps in effective data management and monitoring of the interconnected devices.
Major factors driving the growth of the IoT security market include: increasing demand for IoT enabled devices, rising cyber-attacks, and adoption of cloud technologies by organizations. For instance, the growing trends of Bring Your Own Device (BYOD), which raises concerns about data security, because individuals are using different devices in their workplace, which in turn increases the threat of data loss. Due to this, organizations are moving towards the Internet of Things (IoT) security-enabled devices. However, lack of awareness about benefits, the availability of security method and the high costs of installation are some factors that are restraining the growth of the IoT security market. Also, the lack of expertise people is also inhibiting the growth of the IoT security market.
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Various notable players operating in the market, include PTC, Inc, Juniper Networks Inc., Macafee LLC, Symantec Corporation, Cisco Systems, Inc, Verizon Enterprise Solutions, Trustwave, Infineon Technologies, IBM Cooperation, Check Point Security Software Technologies Ltd., Gemalto NV, AT&T, Inc., among others. Some major players are focusing and working on secure and encrypt technologies for data and systems protection and employee safety. For instance, in Jul 2018, Check Point Software Technologies Ltd launched CloudGuard to protect from Gen V cyber-attacks on cloud applications.
The Global IoT security market has been segmented on the basis of security type, solutions type, services type, end-user and key geographies. Based on the security type, the market is segmented into network security, cloud security, endpoint security, application security, and others. On the basis of solutions, the market is categorized into security analytics, data encryption, identity access management, unified threat management, intrusion detection systems, and others. Based on services, the market is segmented into professional and managed. Based on the end-user, the market is segmented into healthcare, retail, financial and insurance services, IT and telecom services, government and defense and others.
The research report “Global IoT security market” provides in-depth analysis of global hearing implants market based on security type, solutions, services, end-user and major geographies for the forecast period from 2018 to 2025. The report also highlights major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global IoT security market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report
1- At what pace is the IoT security market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the IoT security market?
4- What are the various application areas and how they are poised to grow?
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