The global IoT security market is expected to reach a market size of USD 88.09 Billion by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. Increasing number of malware and ransomware attacks and development and deployment of more efficient solutions is expected to drive growth of the global IoT security market growth to a significant extent during the forecast period. Increasing regulations for IoT security is expected to further propel the global IoT security market growth over the forecast period. Rising emphasis among governments of developing countries for development of smart cities is also expected to boost growth of the global IoT security market during the forecast period.

The current COVID-19 pandemic is expected to have an effect on the growth of the IoT Security industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the IoT Security sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall IoT Security industry.

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 Key companies profiled in the report include:

International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Siemens AG, Infineon Technologies AG, Broadcom Inc., Fortinet Inc., Palo Alto Networks, Inc., Mocana Corporation, and Karamba Security Ltd

Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the IoT Security market?

What are the key product types and applications of the IoT Security industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the IoT Security market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the IoT Security Market by 2027?

Click to access the Report Study, read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/iot-security-market

 Market Segmentation

• Type Outlook (Revenue, USD Billion; 2021–2028)

  • Cloud Security
  • Network Security
  • Application Security
  • Endpoint Security
  • Others

• Component Outlook (Revenue, USD Billion; 2021–2028)

  • Services
    1. Managed Services
    2. Professional Services
  • Solutions
    1. Encryption
    2. Unified Threat Management
    3. Analytics
    4. Identity & Access Management
    5. Data Loss Protection
    6. Others

• End-use Outlook (Revenue, USD Billion; 2021–2028)

  • Retail
  • Manufacturing
  • Defense
  • Government
  • Consumer Electronics
  • Energy & Utilities
  • Logistics & Transportation
  • Others

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

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ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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