Urology Surgical Market: Industry Research Report 2018-2025 IoT Security Market Research Report2025 | Page 2

IoT Security Market to 2025 Publication Month: Apr 2017| No. of Pages: 150 | Report Code: TIPTE100000288 | Category: Technology & Media Introduction: IoT security market is expected to grow US$ 30.9 billion by 2025 from US$ 7.28 billion in 2016. Network security market comprise largest market share among all five security types and is expected to continue its dominance throughout the forecast period. The demand for network security solutions is highly influenced by rising demand for security solutions for the cloud technology. Also, intensive use of virtualization has raised the vulnerability of networks to certain threats such as, malware or defective processes that are reducing the efficiency of the hypervisor. Key trend which will predominantly effect the IoT security market in coming year is growing appearance of Blockchain in IoT security market. Blockchain technology is capable of being used in tracking billions of connected devices, enable the processing of transactions and coordination between devices, allow for significant savings to IoT industry manufacturers. This decentralized approach is anticipated to eliminate single points of failure, creating a more resilient ecosystem for devices to run on. The cryptographic algorithms used by blockchain, is expected to make consumer data more private. The blockchain in IoT can be applied to connected vehicles, smart appliances and supply chain sensors. E-Mail : [email protected]