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(IT-NEWSWIRE.COM, February 23, 2018 ) According to a new market research study titled ‘IoT Security Market to 2025 – Global Analysis and Forecasts by Type, Solution and Application’, the global IoT Security market was valued at US$ 7.3 Bn in 2016 and is estimated to reach US$ 30.9 Bn by 2025. The report highlights the trends prevalent in the global IoT Security market and the factors driving the market along with those that act as deterrents to its growth.
One of the factor which drive the market for IoT security is that increasing demand for IoT security solution at workshop. Some of the companies are trying to develop the approach of combine physical and cyber security component for employee’s safety and to ensure the efficient functionality of smartphones, tablets and PDAs at workplace. In addition to this there are several other factors which drives the market such as comfort, safety & efficiency, assisted decision making and reduced time & increased revenue. However, the factors hindering the growth of IoT security market are lack of knowledge about benefits of IoT security solution, complexity, compatibility & data integration, threat to security and privacy concern. Concept such as Bring Your Own Device (BYOD), Bring Your Own PC (BYOPC) and Bring Your Own Phone (BYOP) is expected to boost IoT security market over coming years.
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IoT security market is segmented on the basis of type such as network security, endpoint security, cloud security, application security and others and the market is further breakdown as solution which further includes threat analysis, malware protection, data loss protection, encryption, dispatch and incident response, distributed denial of service protection and others. Similarly, the market is further segmented on the basis of application such as smart homes, connected cars, information & communication technology, smart factories, BFSI, smart retail, smart healthcare, smart transportation, wearable and others.
IoT Security Market Players:
Cisco Systems, Inc.
IBM Corp.
Infineon Technologies
Intel Corporation
Symantec Corporation
ARM Holdings
NXP Semiconductor
INSIDE Secure
Gemalto NV
Trend Micro, Inc.
Synopsys
ESCRYPT
Palo Alto Networks, Inc.
Microchip Technologies Inc.
The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, China, Australia, Japan, India, South Korea, South Africa, South Arabia and Brazil.
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Source: EmailWire.Com 
Source: EmailWire.com
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