Network Security – Page 2 – Market Research Insights

Cyber Security Market Size Is Expected To Reach USD 241.1 Billion By 2025: Grand View Research Inc.

San Francisco, 17 February 2020: The Report Cyber Security Market Size, Share & Trends Analysis Report By Component, By Security Type, By Solution, By Service, By Deployment, By Organization, By Application, And Segment Forecasts, 2019 – 2025

The global cyber security market size is expected to reach USD 241.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.0% over the forecast period. Cyber security focuses on protection of the network, programs, computers, and data from unauthorized access. In the recent past, it has become increasingly vital owing to the storage and transmission of confidential information by government and corporations. Such a vast amount of data transmitted across networks is prone to data breaches, thus raising concerns among public as well as government.

Online threats are identified as one of the highest occurring global risks. Growing technological advancements and capabilities of disrupting cyberspace are continuously reshaping the global threat landscape. Cybercrimes have increasingly affected several industries in myriad ways, thereby boosting demand for internet safety solutions. Various organizations are focusing on improving security systems, owing to the rise in online threats and malware attacks in sectors such as government, defense, and IT.

Increasing number of high-profile cases of cybercrime has augmented the demand for sophisticated and advanced security software products and services. Furthermore, such cyber hacks have increased the awareness regarding potential threats amid industries such as BFSI, healthcare, and defense. Thus, it has resulted in improved allocation of resources among organizations that help to mitigate risk.

Cloud-based platforms and smartphone devices are predominant sources of online data breach among organizations. Proliferation of threats, along with the traditional safety models, has been proven ineffective to keep pace with increasing challenges pertaining to safety. In order to overcome such challenges, organizations are rapidly adopting a robust cybersafety stance. Thus, the global market is driven by necessary measures required to counteract growing cybercrimes.

Increasing number of targeted attacks is propelling the demand for these solutions as major governments such as that in the U.S. and the European Union as well as venture capital firms are continuously investing funds into cybersafety enterprises. Furthermore, rapid advancements in technologies such as cloud, artificial intelligence, and IoT are anticipated to boost the demand for these solutions over the forecast period.

Access Research Report of Cyber Security Market @ https://www.grandviewresearch.com/industry-analysis/cyber-security-market

Further key findings from the study suggest:

Based on component, the services segment dominated the market in 2018 and is anticipated to register the highest CAGR of 11.8% over the forecast period. The solution segment was valued at USD 57.3 billion in 2018
On the basis of type, the enterprise segment was valued at USD 58.4 billion in 2018, expanding at a healthy CAGR over the forecast period. The application segment is anticipated to register the highest CAGR of 17.9% over the forecast period
The managed services segment is expected to retain its dominance in the market and is projected to reach USD 76.3 billion by 2025
The cyber security market in North America was valued at USD 44.6 billion in 2018 and is expected to expand at a healthy CAGR over the forecast period
Key players in the market include Symantec Corporation; Cisco Systems Inc.; Checkpoint Software Technologies Ltd.; Fortinet Inc.; and Trend Micro.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the global cyber security market on the basis of component, security type, solution, service, deployment, organization, application, and region:

Cyber security Component Outlook (Revenue, USD Billion, 2015 – 2025)

Solution
Services

Cyber security Security Type Outlook (Revenue, USD Billion, 2015 – 2025)

Enterprise
Endpoint
Cloud
Network
Application
Others

Cyber security Solution Outlook (Revenue, USD Billion, 2015 – 2025)

UTM
IDS/IPS
DLP
IAM
SIEM
DDoS
Risk & Compliance
Others

Cyber security Service Outlook (Revenue, USD Billion, 2015-2025)

Professional Services
Managed Services

Cyber security Deployment Outlook (Revenue, USD Billion, 2015 – 2025)

Cloud
On-premise

Cyber security Organization Outlook (Revenue, USD Billion, 2015 – 2025)

Small & Medium Enterprise
Large Enterprises

Cyber security Application Outlook (Revenue, USD Billion, 2015 – 2025)

IT & Telecom
Retail
BFSI
Healthcare
Defense/Government
Automotive
Others

Cyber security Regional Outlook (Revenue, USD Billion, 2015 – 2025)

North America
Europe
Asia Pacific
Latin America
MEA

Access Press Release of Cyber Security Market @ https://www.grandviewresearch.com/press-release/global-cyber-security-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Managed Security Services Market Estimated To Flourish At USD 60.94 Billion By 2024: Grand View Research Inc.

San Francisco, 17 February 2020: The Report Managed Security Services Market Size, Share & Trend Analysis Report By Type (Unified Threat Management, DDoS, Managed SIEM, Managed Endpoint Threat Protection), By Deployment, By Organization, By Application, And Segment Forecasts To 2024

The global managed security services market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period.

Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016.

Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services.

Access Research Report of Managed Security Services Market @ https://www.grandviewresearch.com/industry-analysis/managed-security-services-market

Further key findings from the report suggest:

The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats
Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on-premise to cloud-based services to reduce the expenditure in managing these services.
Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.
The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.
Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.
Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the managed security services market on the basis of type, deployment, organization, application and region:

Managed Security Services Type Outlook (Revenue, USD Million, 2014 – 2024)

Unified threat management
DDoS
Managed SIEM
Managed endpoint threat protection
Managed two-factor authentication
Compliance management
Vulnerability management
Others

Managed Security Services Deployment Outlook (Revenue, USD Million, 2014 – 2024)

Cloud-based
On-premise

Managed Security Services Organization Outlook (Revenue, USD Million, 2014 – 2024)

Small and medium enterprises
Large enterprises

Managed Security Services Application Outlook (Revenue, USD Million, 2014 – 2024)

BFSI
Government/Defense
Healthcare
Manufacturing
Telecom & IT
Retail
Others

Managed Security Services Regional Outlook (Revenue, USD Million, 2014 – 2024)

North America
Europe
Asia Pacific
Latin America
MEA

Access Press Release of Managed Security Services Market @ https://www.grandviewresearch.com/press-release/global-managed-security-services-market

About Grand View Research

For More Information: www.grandviewresearch.com

Network Management Systems Market Share & Trends Will Hit USD 11.94 Billion By 2025: Grand View Research Inc.

San Francisco, 11 February 2020: The Report Network Management Systems (NMS) Market Analysis Report By Deployment (Cloud, On-premise), By Enterprise (Large, SMEs), By Component, By Vertical (IT & Telecom, BFSI), and Segment Forecasts, 2019 – 2025

The global network management systems market size is expected to reach USD 11.94 billion by 2025, registering a CAGR of 10.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of network management systems by data centers to enhance performance and eliminate downtime risks, coupled with rising demand for high quality of services (QoS), irrespective of the industry vertical, is expected to drive the market over the forecast period.

As the global marketplace continues to expand, enterprises are increasingly getting dependent on networking resources to retain their competitiveness. As such, NMS can help in obtaining complete network visibility, monitoring operational performance, ensuring security, preventing unauthorized access, and performing predictive maintenance activities.

Soaring need for an agile and secure infrastructure to operate effectively in sophisticated business environment is predicted to stoke the demand for these solutions and services over the forecast period. Vendors of NMS solutions are also expected to witness significant opportunities over the forecast period as small & medium enterprises (SMEs) continue to deploy wireless and wired LAN infrastructure across as part of their efforts to adopt cloud-based solutions, reduce overall infrastructure costs, and ensure an easy access to data.

Prominent players in the network management software market are particularly promoting their cloud-based NMS solutions by establishing partnerships in response to customers’ demands for robust, scalable, and flexible solutions. For instance, in 2017, Riverbed Technology, Inc. established a partnership agreement with Huawei Technologies Co., Ltd to provide Huawei CloudEPN with Riverbed SteelHead combined solutions that will help customers simplify network management in this cloud era. However, availability of free and open-source NMS solutions and budget issues faced by enterprises while deploying NMS are anticipated to hinder the growth of the NMS market over the forecast period.

Access Research Report of Network Management Systems Market @ https://www.grandviewresearch.com/industry-analysis/network-management-systems-nms-market

Further key findings from the study suggest:

North America emerged as the largest regional market with a revenue share exceeding 30.0% in 2018. Operators in the region are investing aggressively in rolling out 5G infrastructure to cater to growing demand for higher bandwidth
The Asia Pacific network management systems market is expected to progress at the highest CAGR over the forecast period owing to proliferation of smartphones, continued rollout of cellular and broadband networks, and burgeoning popularity of cloud-based solutions and services and Internet of Things (IoT)
The SMEs segment is anticipated to grow significantly over the forecast period in line with rising popularity of SDN among SMEs to streamline business processes and enhance business performance
The cloud-based segment is projected to grow rapidly over the forecast period as more and more enterprises continue to realize scalability and cost-effectiveness of cloud-based NMS solutions
Various e-health projects aimed at connecting hospitals and mobile healthcare units in order to ensure efficient and easy-to-access healthcare services to people are anticipated to propel the growth of the healthcare segment over the forecast period
Key market players, such as Nokia Corporation.; SolarWinds Inc.; and IBM Corporation, are focusing on launching innovative solutions compatible with upcoming 5G standards.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global network management systems market on the basis of component, deployment, enterprise, vertical, and regional:

NMS Component Outlook (Revenue, USD Million, 2015 – 2025)

Solutions
- Configuration management
- Performance management
- Security management
- Fault management
- Accounting management
Services
- Consulting
- Integration & Implementation
- Training, Support & Maintenance

NMS Deployment Model Outlook (Revenue, USD Million, 2015 – 2025)

On-Premises
Cloud-Based

NMS Enterprise Size Outlook (Revenue, USD Million, 2015 – 2025)

Large Enterprises
SMEs

NMS Vertical Outlook (Revenue, USD Million, 2015 – 2025)

IT & Telecom
BFSI
Government
Manufacturing
Healthcare
Transportation & Logistics
Retail
Media & communication
Others

NMS Regional Outlook (Revenue, USD Million, 2015 – 2025)

North America
Europe
Asia Pacific
South America
MEA (Middle East & Africa)

Access Press Release of Network Management Systems Market @ https://www.grandviewresearch.com/press-release/global-network-management-systems-nms-market

About Grand View Research

For More Information: www.grandviewresearch.com

Messaging Security Market Size Worth $ 11.10 Billion By 2025 : Grand View Research Inc.

San Francisco, 28 January 2020: The Report Messaging Security Market Analysis By Product (Messaging Gateways, Email Protection, Anti-virus), By Deployment (Cloud, On-premise), By End-use, By Region, And Segment Forecasts, 2018 – 2025

The global messaging security market is expected to reach USD 11.10 billion by 2025, according to a new study by Grand View Research, Inc. The market is expected to witness a CAGR of 13.7% over the forecast period, owing to increasing demand for cloud-based secure messaging products and solutions is driving the growth of the market. This can be attributed to the increasing popularity of Software-as-a-Service (SaaS) and virtual appliance based solutions

Organizations are increasingly utilizing instant messaging applications for external and internal communication, as they are a faster and cheaper mode of communication. However, with the accelerating adoption of this mode of communication, it becomes increasingly important to secure the messaging infrastructure as the communication environment is no longer secure. Hence, it is highly vulnerable to external threats.

Moreover, the increasing adoption of mobile devices is acting as another key driving factor contributing to the market growth. The accelerating demand for mobile devices for smoother communication amongst enterprises and its employees, through a network protected against threats, is paving the way for the adoption of secure messaging solutions and thus, facilitating secure access to critical enterprise information.

Access Research Report of Messaging Security Market @ https://www.grandviewresearch.com/industry-analysis/messaging-security-market

Further key findings from the study suggest:

The email protection segment dominated the product segment in 2016. Emails act as an important source of storing critical information. However, their high vulnerability to virus and spam attacks necessitates the application of security solutions to safeguard emails against threats
Cloud deployment is anticipated to become the preferred option of deployment for messaging security products and solutions, as it offers greater flexibility, convenience, accessibility, and easy maintenance
The corporate segment is expected to find the highest application in the next eight years. Corporates possess large amounts of critical data that is required to be safeguarded against external and internal threats
North America accounted for the largest share in 2016 owing to presence of prominent market players in this region, who are continuously working on developing new innovative technologies
The Asia Pacific regional market is expected to experience the highest growth over the next eight years. This can be attributed to the presence of emerging economies such as India, China, and Australia that are expected to augment their expenditure on security infrastructure
The list of key industry participants includes Cisco Systems, Inc., Symantec Corp., Trend Micro Inc., McAfee LLC, Barracuda Networks, Inc., Proofpoint, Inc., Panda Security, Clearswift, Forcepoint LLC, and Sophos Ltd.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the global messaging security market on the basis of product, deployment, end-use, and region:

Product Scope (Revenue, USD Million; 2014 – 2025)

Anti-virus
Email Protection
Messaging Gateway

Deployment Scope (Revenue, USD Million; 2014 – 2025)

Cloud
On-premise

End-use Outlook (Revenue, USD Million; 2014 – 2025)

Corporate
Residence

Regional Outlook (Revenue, USD Million; 2014 – 2025)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Access Press Release of Messaging Security Market @ https://www.grandviewresearch.com/press-release/global-messaging-security-market

About Grand View Research

For More Information: www.grandviewresearch.com

Application Delivery Controller (ADC) Market Value To Reach USD 4.34 Billion By 2024: Grand View Research Inc.

San Francisco, 10 January 2020: The Report Application Delivery Controller (ADC) Market Analysis By Deployment (Hardware-Based, Virtual), By Enterprise Size (Small & Medium Enterprise, Large Enterprise), By End-Use (IT & Telecom, BFSI, Government, Healthcare, Retail) And Segment Forecasts To 2024

The global application delivery controller (ADC) market is expected to reach USD 4.34 billion by 2024, according to a new report by Grand View Research, Inc. The application delivery controller market is anticipated to witness a high growth over the forecast period. This may be accredited to the increasing globalization and distributed enterprise architecture, which requires networks that can deliver their business-critical applications faster, thereby ensuring security. The increase in the data center traffic and the growing ADC popularity, particularly in the consolidated data center segment, are expected to be the major factors spurring the ADC market growth over the forecast period.

The increasing adoption of the BYOD phenomenon has led to the widespread usage of tablets and smartphones particularly in large organizations as it significantly increases the scope and span of enterprises. This, in turn, has resulted in a rise in the ADC demand in order to balance and maintain the server load. In addition, emerging technologies, such as software-defined storage (SDS) and software-defined networking (SDN), are also anticipated to spur the ADC market growth over the coming years.

Access Research Report of Application Delivery Controller (ADC) Market @ https://www.grandviewresearch.com/industry-analysis/application-delivery-controller-market

Further key findings from the report suggest:

The virtual segment captured over 30% of the total revenue share in 2015 and is anticipated to exhibit growth exceeding 5.0% from 2016 to 2024. This can be attributed to the improved IT agility, performance, and cost benefits offered by them over the hardware-based ADCs as well as the increasing cloud-based data center traffic.
The small & medium enterprise (SME) segment is expected to gain prominence over the forecast period exceeding a compound annual growth rate of 5% from 2016 to 2024. This is ascribed to the increasing adoption of web-enabled services and web-based apps for running their business as well as to the proliferation of internet-enabled devices.
The IT & telecom segment accounted for a significant revenue share in 2015 capturing over 25% of the overall revenue share in the same year. The segment is expected to grow at a CAGR exceeding 5.5% from 2016 to 2024. This is majorly due to the integration of ADCs into enterprise IT systems to enhance efficiency.
Asia Pacific is expected to emerge as the fastest growing segment accounting for more than 20% of the overall share in 2015. This growth is due to increasing investments in the IT infrastructure, primarily in China and India. Furthermore, the rising demand in this region can be ascribed to the high market penetration, owing to the webification of organizational applications along with the growing ADC application in server firewalls and network security systems.
The key application delivery controller market purveyors comprise F5 Networks Inc., Citrix Systems, A10 Networks Inc., Array Networks, Inc., and Brocade Communications Systems, Inc. Companies, with their extensive distribution channels and worldwide presence, lay emphasis on adopting the best practices for developing solutions to achieve competitive advantage in this industry.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the application delivery controller market on the basis of deployment, enterprise size, end-use, and region:

Application Delivery Controller Deployment Outlook (Revenue, USD Million; 2014 – 2024)

Hardware-based ADCs
Virtual ADCs

Application Delivery Controller Enterprise Size Outlook (Revenue, USD Million; 2014 – 2024)

Small & Medium Enterprise
Large Enterprise

Application Delivery Controller End-Use Outlook (Revenue, USD Million; 2014 – 2024)

IT & Telecom
BFSI
Government
Healthcare
Retail
Others

Application Delivery Controller Regional Outlook (Revenue, USD Million; 2014 – 2024)

North America
Europe
Asia Pacific
Latin America
MEA

Access Press Release of Application Delivery Controller (ADC) Market @ https://www.grandviewresearch.com/press-release/global-application-delivery-controller-market

About Grand View Research

For More Information: www.grandviewresearch.com

Software Defined Storage (SDS) Market Likely To Reach USD 17,461.9 Million By 2024: Grand View Research Inc.

San Francisco, 18 March 2019: The Report Software Defined Storage (SDS) Market Analysis By Application (BFSI, Education, IT Service, Government, Manufacturing, Healthcare) By Company Size (Small and Medium Enterprises, Large Enterprises), Expected To Reach USD 17,461.9 Million By 2024

The Software Defined Storage (SDS) Market size is expected to reach USD 17,461.9 million by 2024, according to a new study conducted by Grand View Research, Inc.

The emergence of the Big Data technology is anticipated to impel growth in the global software defined storage market. Technological propagation, coupled with benefits such as high flexibility and cloud storage, is instrumental in keeping the industry prospects upbeat. The technology facilitates the efficient management and control of complex networks through proficient resource data traffic management.

The advancements in the cloud technology, its availability, and wider access to cloud-based platforms are favorably impacting the industry. Various enterprises across the globe are experiencing the need for minimizing infrastructure development and data storage center costs which are significantly contributing toward theexpansion of the industry.

Enterprises across diverse verticals are generating excessive data, creating the need for effective data storage management solutions. SDS solutions offer high agility and robustness to businesses along with cost and time efficiency.

The industry is projected witness significant growth in the developing markets of South America and the Asia Pacific regions, owing to thestrong growth of the small-scale industries. The need for improving the efficiency and business processesin data centers is driving the demand for SDS solutions in small and medium-sized enterprises.

Access Research Report of Software Defined Storage (SDS) Market @ www.grandviewresearch.com/industry-analysis/software-defined-storage-sds-market

Further key findings from the study suggest:

The BFSI segment dominated the global software defined storage industry, accounting for over 17% of the market share in 2015. The large-scale data generation in the banking and financial institutions and the need for incessant data availability are leading to the large-scale adoption of SDS solutions in the BFSI sector.
The North American regional market accounted for over 40% of the global revenue share in 2015. The strong presence of software defined storage solution vendors in the region is expected to contribute to the industry growth in the region. Asia Pacific is expected to emerge as the fastest-growing regional market. The rise of small-scale industries in the developing markets of India and China is driving the regional growth.
Small and medium-sized enterprises accounted for over 30% of the global revenue share in 2015. The growth of Small and Medium-Sized Business (SMB) units across the globe, owing to the favorable government initiatives, is substantially driving the demand for SDS solutions among the small and medium-sized enterprises.
The major vendors include Brain Corporation (U.S.), Hewlett-Packard (U.S.), HRL Laboratories, LLC (U.S.), Intel Corporation (U.S.), Numenta, Inc. (U.S.), and Vicarious FPC, Inc. (U.S.). Industry vendors are emphasizing on new product developments and forming technology alliances to gain a competitive edge in the industry.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the global software defined storage market on the basis of application, company size, and region:

Software Defined Storage Application Outlook (Revenue, USD Million, 2014 – 2024)

BFSI
Education
IT Services
Government
Manufacturing
Healthcare
Others

Software Defined Storage Company Size Outlook (Revenue, USD Million, 2014 – 2024)

Small & medium-sized enterprises
Large enterprises

Software Defined Storage Regional Outlook (Revenue, USD Million, 2014 – 2024)

North America
Europe
Asia Pacific
South America
Middle East & Africa

Access Press Release of Software Defined Storage (SDS) Market @ www.grandviewresearch.com/press-release/global-software-defined-storage-sds-market

About Grand View Research

For More Information: www.grandviewresearch.com

Internet Of Things (Iot) Security Market Size, Industry Status, Growth Opportunity: Grand View Research Inc.

San Francisco, 27 February 2019: The Report Internet of Things (IoT) Security Market Analysis Report By Component, By Solution, By Services, By Application, By Security Type (Endpoint, Cloud, Network, Application), And Segment Forecasts, 2018 – 2025

The global Internet Of Things (Iot) Security Market size is expected to reach USD 9.88 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 29.7% during the forecast period. Surging demand for enhanced privacy is driving the market. Increasing government efforts to implement stringent regulations to restrict the amount of data collected by IoT devices by industries such as BFSI, retail, and healthcare is expected to stimulate the growth of the market.

Safeguarding future of internet connected devices by robustly configuring necessary/next-generation security features and increasing transparency as well as providing consumers with a choice to opt-out of data collection are some of the key factors driving the market over the forecast period.

Increasing use of 3G and 4G long-term evolution (LTE) as well as wireless networks and technologies is augmenting the risk of cyber-attacks. Real-time information and transaction-related information, which are crucial to users, is exchanged through these cellular networks; thereby, giving rise to the need for IoT security. Currently, implementation of the internet is rising exponentially in areas such as health monitors, smart home appliances, smart city projects, and smart retails, which has created the necessity for IoT security.

Adoption of cloud technologies by various organizations for storing confidential data gives rise to risk of unauthorized access to data. Moreover, growing trend of bring your own device (BYOD) is increasing concerns regarding data security. Therefore, several organizations and enterprises demand effective security solutions. Thus, a robust security solution, such as integration of firewalls and data loss prevention with IoT security solutions, strengthens organization posture to face cyber threats.

However, lack of awareness about benefits and availability of IoT security solution is hampering the growth of the market. High cost of installation is also a stumbling stone in the growth of the market. Lack of expertise in technical handling, cling to regulatory compliance, and low budget for implementing new strategies are also some of the factors inhibiting the growth of the market.

Access Research Report of Internet of Things (Iot) Security Market @ www.grandviewresearch.com/industry-analysis/internet-of-things-iot-security-market

Further key findings from the study suggest that:

The identity & access management solution segment was valued at USD 255.8 million in 2017, registering a healthy CAGR over the forecast period
The professional service is expected to retain its dominance in the market through 2025 and is projected to reach USD 2.11 billion
The application security type is anticipated to register the highest CAGR of 33.5% over the forecast period
The smart home & consumer application segment dominated the market in 2017 and is projected to reach USD 2.93 billion by 2025
North America was valued at USD 442.4 million in 2017. It is expected to maintain dominance in the market until 2025. The region was followed by Europe, which accounted for a revenue share of 27.4% in 2017
Asia Pacific is anticipated to witness the highest CAGR of 34.6% over the forecast period
Some of the key players in the market Cisco Systems Inc.; IBM Corporation; Symantec Corporation; Gemalto NV; and McAfee, LLC.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the global IoT security market on the basis of component, solution, services, security type, application. and region:

IoT Security Component Outlook (Revenue, USD Million, 2015 – 2025)

Solution
Services

IoT Security Solution Outlook (Revenue, USD Million, 2015 – 2025)

Analytics
Encryption
Data Loss Protection (DLP)
Identity and Access Management (IAM)
Unified Threat Management (UTM)
Others

IoT Security Services Outlook (Revenue, USD Million, 2015 – 2025)

Professional
Managed

IoT Security Security Type Outlook (Revenue, USD Million, 2015 – 2025)

Application
Cloud
Endpoint
Network
Others

Application Outlook (Revenue, USD Million, 2015 – 2025)

Healthcare & Life Science
Infrastructure & Cities
Industrial system & Sensors
Smart home & Consumer
Transport & Urban Mobility
Others

Regional Outlook (Revenue, USD Million, 2015 – 2025)

North America
- S.
- Canada
Europe
- K.
- Germany
- France
- Spain
Asia Pacific
- China
- India
- Japan
- Australia New Zealand
- ASEAN
- South Korea
Latin America
- Brazil
- Mexico
MEA
- GCC Countries
- Israel
- South Africa

Access Press Release of Internet of Things (Iot) Security Market @ www.grandviewresearch.com/press-release/global-internet-of-things-iot-security-market

About Grand View Research

For More Information: www.grandviewresearch.com

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