Global IoT Security Market 2020-2030 by Component (Software & Solutions, Services), Security Type (Cloud, Network, Endpoint, Application), Deployment (Cloud-based, On-premises), End User, Organization Size, and Region: Trend Forecast and Growth Opportunity
Global IoT security market will reach $115.6 billion by 2030, growing by 24.8% annually over 2020-2030, owing to an increasing number of malware attacks on IoT devices, the growing demand for cloud-based services for authentication process, growing IoT security regulations, rising security concerns over critical infrastructures, and rapid development of 5G network across the globe.
Highlighted with 83 tables and 94 figures, this 179-page report “Global IoT Security Market 2020-2030 by Component (Software & Solutions, Services), Security Type (Cloud, Network, Endpoint, Application), Deployment (Cloud-based, On-premises), End User, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global IoT security market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global IoT security market in every aspect of the classification from perspectives of Component, Security Type, Deployment, End User, Organization Size, and Region.
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Software & Solutions
o Identity Access & Management
o Data Encryption & Tokenization
o Device Authentication and Management
o Intrusion Prevention/Intrusion Detection Systems
o Distributed Denial of Service (DDoS) Protection
o Other IoT Security Solutions
• Services
o Consulting Service
o Maintenance Service
o Managed Service
o Other Services
Based on Security Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Cloud Security
• Network Security
• Endpoint Security
• Application Security
• Other Security Types
Based on Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Cloud-based IoT Security
• On-premises IoT Security
Based on End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Manufacturing Industry
• Automotive Industry
• Energy and Utilities
• Government & Defense
• Retail and eCommerce
• Healthcare Industry
• Smart Home & Consumer Electronics
• Transportation & Logistics
• IT & Telecom
• Other End Users
Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Small & Medium Enterprises (SMEs)
• Large Enterprises
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Component, Security Type, and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Allot Ltd.
Armis
Broadcom Corporation (Symantec Corporation)
CENTRI Technology Inc.
Cisco Systems, Inc.
Forgerock
Fortinet Inc.
Gemalto NV
IBM Corporation
Infineon Technologies AG
Intel Corporation
Mocana Corporation
Newsky
Palo Alto Networks, Inc.
Securithings
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 25
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Global Market by Component 42
3.1 Market Overview by Component 42
3.2 Software & Solutions 44
3.2.1 Identity Access & Management 46
3.2.2 Data Encryption & Tokenization 47
3.2.3 Device Authentication and Management 48
3.2.4 Intrusion Prevention/Intrusion Detection Systems 49
3.2.5 Distributed Denial of Service (DDoS) Protection 50
3.2.6 Other IoT Security Solutions 51
3.3 Services 52
3.3.1 Consulting Service 53
3.3.2 Maintenance Service 54
3.3.3 Managed Service 55
3.3.4 Other Services 56
4 Segmentation of Global Market by Security Type 57
4.1 Market Overview by Security Type 57
4.2 Cloud Security 59
4.3 Network Security 60
4.4 Endpoint Security 61
4.5 Application Security 62
4.6 Other Security Types 63
5 Segmentation of Global Market by Deployment 64
5.1 Market Overview by Deployment 64
5.2 Cloud-based IoT Security 66
5.3 On-premises IoT Security 67
6 Segmentation of Global Market by End User 69
6.1 Market Overview by End User 69
6.2 Manufacturing Industry 71
6.3 Automotive Industry 72
6.4 Energy and Utilities 73
6.5 Government & Defense 74
6.6 Retail and eCommerce 75
6.7 Healthcare Industry 76
6.8 Smart Home & Consumer Electronics 77
6.9 Transportation & Logistics 78
6.10 IT & Telecom 79
6.11 Other End Users 80
7 Segmentation of Global Market by Organization Size 81
7.1 Market Overview by Organization Size 81
7.2 Small & Medium Enterprises (SMEs) 83
7.3 Large Enterprises 84
8 Segmentation of Global Market by Region 85
8.1 Geographic Market Overview 2019-2030 85
8.2 North America Market 2019-2030 by Country 89
8.2.1 Overview of North America Market 89
8.2.2 U.S. 93
8.2.3 Canada 97
8.2.4 Mexico 99
8.3 European Market 2019-2030 by Country 101
8.3.1 Overview of European Market 101
8.3.2 Germany 105
8.3.3 U.K. 107
8.3.4 France 109
8.3.5 Spain 112
8.3.6 Italy 114
8.3.7 Russia 116
8.3.8 Rest of European Market 119
8.4 Asia-Pacific Market 2019-2030 by Country 121
8.4.1 Overview of Asia-Pacific Market 121
8.4.2 Japan 125
8.4.3 China 129
8.4.4 Australia 131
8.4.5 India 133
8.4.6 South Korea 135
8.4.7 Rest of APAC Region 137
8.5 South America Market 2019-2030 by Country 139
8.5.1 Argentina 142
8.5.2 Brazil 144
8.5.3 Chile 146
8.5.4 Rest of South America Market 148
8.6 MEA Market 2019-2030 by Country 149
8.6.1 UAE 152
8.6.2 Saudi Arabia 154
8.6.3 South Africa 156
8.6.4 Other National Markets 158
9 Competitive Landscape 159
9.1 Overview of Key Vendors 159
9.2 New Product Launch, Partnership, Investment, and M&A 162
9.3 Company Profiles 163
Allot Ltd. 163
Armis 165
Broadcom Corporation (Symantec Corporation) 166
CENTRI Technology Inc. 167
Cisco Systems, Inc. 168
Forgerock 169
Fortinet Inc. 170
Gemalto NV 171
IBM Corporation 172
Infineon Technologies AG 173
Intel Corporation 174
Mocana Corporation 175
Newsky 176
Palo Alto Networks, Inc. 177
Securithings 178
Related Reports and Products 179
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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