Global IoT Security Market

by Lisa Tate Industrial Report-TechSci Research

Global IoT Security market is expected to grow at a robust pace of around 17% until 2027 due to the growing demand for cloud-based services for authentication process and increasing number of malware

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Review on Global IoT Security Market

Global IoT Security market is expected to grow at a robust pace of around 17% until 2027 due to the growing demand for cloud-based services for authentication process and increasing number of malware attacks on IoT devices. Increasing expenditure by the major vendors operating in the industry on Internet of Things and enhancements is anticipated to positively impact the growth of market over the next few years. Acquisitions and product launches are likely to offer lucrative market opportunities for market players during the forecast period. Moreover, increasing government efforts to implement stringent regulations for restricting the amount of data collected by IoT devices and increasing use of 3G and 4G long-term evolution as well as wireless networks and technologies is expected to stimulate the global IoT security market. However, absence of standardization for IoT devices and lack of awareness of security risks is negatively impacting the market growth. With heterogenous IoT networks and protocols, it becomes challenging for devices connected in one IoT system to communicate with other devices in the system. The major players operating in the IoT Security market are Broadcom Corporation, Cisco Systems Inc., Fortinet Inc., Gemalto NV, IBM Corporation, Infineon Technologies AG, Intel Corporation, Palo Alto Networks Inc, SecuriThings, Inc, Trend Micro Incorporated, Symantec Corporation, TrustWave Holdings, Inc and others. DOWNLOAD FREE SAMPLE REPORT@ https://www.techsciresearch.com/sample-report.aspx?cid=1509