Latest News- Internet Of Things (IoT) Security Market: Industrial sector is expected to lead the End-user segment during 2025-2029

The Internet Of Things (IoT) Security Market is being driven by Technological developments in different platforms

The Internet Of Things (IoT) Security Market is expected to grow at a CAGR of 39% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 268.3 billion. In today's business landscape, mobile devices such as smartphones and tablets have emerged as the primary tools for computing and communication, revolutionizing various sectors including social networking, environmental monitoring, healthcare, and transportation. Equipped with sensors like GPS, microphones, accelerometers, cameras, ambient light, gyroscopes, and digital compasses, these devices offer advanced features and capabilities. Moreover, the integration of WiFi, 3G/4G/5G, and Bluetooth radio further expands their functionalities. In the healthcare industry, IoT wearables are transforming consumer health management and enabling remote patient monitoring for doctors. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Industrial sector
  • Commercial sector
  • Consumer sector
• Deployment
  • On-premises
  • Cloud
• Type
  • Network security
  • Endpoint security
  • Cloud security
  • Application security
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Technological developments in different platforms
• Exponential growth of Internet-connected and operated devices
• Rise in industrial automation

However, the market also witnesses some limitations, which are as follows:

• Lack of awareness of efficient management of IoT initiatives and investments
• Increasing cybersecurity threats
• High cost of implementation of IoT and its security

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Market Scope in Internet Of Things (IoT) Security Market Research Report

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Research Analysis Overview

The Internet of Things (IoT) Security Market encompasses various solutions designed to safeguard IoT devices and networks. These include Secure Boot for secure device startup, firmware integrity checks, network virtualization, Security Gateways, Next-Generation Firewalls (NGFWs), Antivirus and Anti-Malware software, Phishing Protection, DDoS Protection, Real-time Threat Detection, Proactive Security Measures, Vulnerability Scanning, Patch Management, Security Awareness Training, Security Policies, Disaster Recovery Planning, Business Continuity Planning, Compliance Frameworks like NIST Cybersecurity Framework, and Ethical Hacking techniques.

Market Research Overview

The Internet of Things (IoT) security market is a significant segment within the global IT system software industry. This market encompasses organizations specializing in IoT device security, network security for IoT networks, data encryption, firewall systems, and intrusion detection. Our analysis at Technavio evaluates the market size based on the consolidated revenue of these companies, contributing to the application and systems software sector. This sector includes application development and management software, cloud computing software, IT management software, mobility software, networking software, and security software. Our research excludes entities involved in home entertainment software production.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/