IoT Security Market is expected to reach US$ 30.9 Bn by 2025 IoT Security Market is expected to reach US$ 30.9 | Page 3
IoT Security Market to 2025
IoT creates immense opportunities to benefit the multiple business segments and society, with rise in the use of
network-connected devices, systems, and services. Nevertheless, IoT security has not grown with the same pace of
revolution and deployment, thus creating extensive economic and safety risks. As there is increase in integrated
network connections into critical infrastructure, important processes that are performed digitally are becoming
more vulnerable to cyber threats. Increasing dependence on network-connected technologies has grown faster than
the means to secure it.
The global IoT Security market has been segmented on the basis of type into network security, endpoint security,
cloud security, application security and others. Furthermore, this market is also bifurcated on the basis of solutions
into threat analysis, Identity Access Management, Data Loss Protection, Encryption, Dispatch & Incident Response,
Distributed Denial of Service Protection and Others. IoT Security finds its applications in many industry verticals and
consequently the market has been segmented on the basis of applications into Smart Home, Connected Car,
Information & Communication Technology, Smart Factories, BFSI, Smart Retail, Smart Transportation, Smart
Healthcare, Wearable and Others. Geographically, the global IoT Security market is segmented into North America,
Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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