IoT security market 2015 to grow at a CAGR of 54.93% by 2019:Mobile Technology News

Global IoT Security Market 2015

About IoT security

IoT involve the communication of multiple devices within a network, which enables data transmission between smart devices such as thermostats and sensors that are further connected to mobile devices. In IoT, embedded software, hardware devices, communication services, and IT services are interconnected, which helps in remote monitoring and managing of numerous interconnected devices efficiently. IoT plays a major role in smart homes, smart shopping, smart transportation, and smart healthcare.

With an increase in the number of 2G, 3G, and 4G networks, threat to data has increased. Increase in sophisticated and complex threats and hacking activities are expected to affect IoT security. IoT security solutions comprise hardware, software products, and managed security services that are used to monitor, detect, and prevent unauthorized access, misuse, or malfunction, or to disable/destroy a computer network. This provides end-users with a secure platform that will help them perform critical tasks.
Global IoT security market to grow at a CAGR of 54.93% over the period 2014-2019.
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The IoT refers to the communication of multiple devices within a network, which enables data transmission between smart devices that are further connected to end-users’ mobile devices. It is used to efficiently transmit a large volume of data between devices and people through networks. “With so much information passing between people and devices, governments are taking steps to secure networks from hackers and viruses by are establishing strict regulatory frameworks,”. The latest industry report also emphasizes the emergence of smart cities as a major market growth driver. “To ensure safe and secure communication between devices and their efficient functioning, it is important to maintain the security of the network infrastructure by implementing IoT security solutions.”

Covered in this report

The report covers the present scenario and growth prospects of the global IoT security market for the period 2015-2019. To calculate the market size, the revenue generated from the sales of IoT security software solutions used for network security and management is considered.

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The report does not include individual device security revenue for market estimation.
The global IoT security market is segmented on the basis of the following:

• Geography: Americas, EMEA, and APAC
• End-user: utilities, automotive, healthcare, and others

Global IoT Security Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.