IoT Security Global Market Report 2021: COVID-19 Growth And Change To 2030
The Business Research Company’s IoT Security Global Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON, UK, July 19, 2021 /EINPresswire.com/ — The global IoT security market size is expected to grow from $1.95 billion in 2020 to $2.22 billion in 2021 at a compound annual growth rate (CAGR) of 13.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The Internet of Things (IoT) security market is expected to reach $6.43 billion in 2025 at a CAGR of 30.5%.
The emergence of the smart city concept is the driving force for the rise in demand for IoT security. As the world population is growing, the need for sustainable development is of more importance. Smart cities are well equipped with handling high traffic, population control, and better security for people. The execution for such a task can be done by installing IoT devices in smart cities. This involves connecting devices to one another, exchange data in a secured manner, forming a pattern and then providing a final solution. The remotely connected CCTV and automated incident detection (the use of computers to continuously monitor traffic conditions and detect incidents or traffic queues) allow a quicker response to threats. IoT led crowd management solutions help monitor and manage crowds of people across all sorts of gatherings. Smart street lighting helps to lower crime rates and improve driving conditions. This rising demand for security in the smart cities increases investment in the IoT security market.
Read More On The Global IoT Security Market Report:
The Internet of Things security market consists of sales of Internet of Things security devices/ software and related services. IoT security is a technological area that provides solutions for safeguarding smart devices, networks, other connected devices and centralized user hubs from unwanted manipulation. This industry includes establishments that provide security solutions to counter IoT security threats such as remote vehicle hijacking, privacy leaks, brute force attacks on passwords and others.
The IoT security market covered in this report is segmented by type into network security, endpoint security, application security, cloud security, others. The Internet of Things (IoT) security market is also segmented by application into healthcare & life sciences, infrastructure & cities, industrial system & sensors, smart home & consumer, transport & urban mobility and by component into solution, services.
Major players in the Internet of Things (IoT) security market are Cisco, IBM, Intel, Infineon and Symantec Corporation.
IoT Security Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides IoT security market overview, forecast IoT security market size and growth for the whole market, IoT security market segments, and geographies, IoT security market trends, IoT security market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
Request For A Sample Of The Global IoT Security Market Report:
Here Is A List Of Similar Reports By The Business Research Company:
Cybersecurity Services Market – By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others) By User Type (Large Enterprises, Small And Medium Enterprises) And By Region, Opportunities And Strategies – Global Cybersecurity Services Market Forecast To 2030
Application Security Global Market Report 2021: COVID-19 Growth And Change
Smart Buildings (Nonresidential Buildings) Market – By Automation Type (Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System), By Application (Government, Airports, Hospitals, Manufacturing Establishments, others), And By Region, Opportunities And Strategies – Global Forecast To 2030
IoT Sensors Global Market Report 2021: COVID-19 Growth And Change to 2030
Interested to know more about The Business Research Company?
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.
Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
The Business Research Company
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/
The Business Research Company
+44 20 7193 0708
Visit us on social media: