As per the business intelligence report titled ‘Global IoT Security Market Analysis, 2020’ available with Market Study Report, global IoT security market is anticipated to register a compound annual growth rate of 25% during 2020-2025.
 

Global IoT Security Market analysis offers critical data regarding the various growth indicators, restraints, limitations, and other expansion trends prevalent in this business sphere. The report further compares the past records and the current industry trends in order to decipher the growth rate of this market domain over the forecast period of 2020-2025.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3114603/
 

With that being said, the intelligence report also expounds on the various market segmentations such as component, type, and regional outlook. It also talks about the numerous leading companies, their relevant market share and various growth strategies adopted in order to gain a competitive edge in this business vertical.
 

Based on component, global IoT security market is divided into services and solutions among which the latter is predicted to amass significant gains over the forecast period, owing to rising prevalence of security breaches as well as cyberattacks in IT enterprises, increasing efforts from industry partakers towards introducing innovative security solutions, and growing awareness regarding IoT security solutions.
 

With regards to type, the overall market is bifurcated into application security, cloud security, network security, endpoint security, and others. Among these, the cloud security segment is slated to emerge as a major growth avenue during the analysis timeframe. Factors such as increasing adoption of cloud-based solutions among enterprises along with escalating demand for cloud-security to protect and control infrastructure, applications, and data of companies are propelling the expansion of the segment.
 

Moving on to deployment type, the business sphere is fragmented into on-premises and cloud. Elaborating on organization, the market is segmented into large, medium, and small. Speaking of end-user terrain, the industry is divided into energy & utilities, healthcare, retail & e-commerce, manufacturing, transportation & logistic, residential, BFSI, and government & defense among others.
 

According to the regional analysis of the market research report, global IoT security market comprises of Asia-Pacific, Middle East & Africa, Europe, South America, and North America.
 

Major companies that define the competitive landscape of the industry include Trend Micro Inc., Palo Alto Networks, Inc., Cyber Xs, Fortinet, NXP Semiconductors N.V., Allot Ltd., Verimatrix, Inc., Infineon Technologies AG, Thales Group, Broadcom Inc., and Cisco Systems, Inc.