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How to improve IoT security with types - Network Security, Endpoint Security, Application Security, Cloud Security

Internet Of Things (IOT) Security

The global internet of things (IoT) security market report, offers in-depth insights, revenue details, and other vital information regarding the global IoT security market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global IoT security market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global IoT security market is segmented on the basis of security type, component, application area, and region. The global Internet of Things security market was valued at US$ 5,654.5 Mn in 2016 and is projected to reach US$ 49,502.5 Mn in 2026 at a CAGR of 34.9% from 2017 to 2026.

 

Internet of things is a system of interrelated computing devices with digital and mechanical machines that provide a unique identity to the people and used to send, receive, and control data with or without human intervention. Internet of things reduces the human efforts and reduces the need for manual intervention.

 

The demand for the internet of things (IoT) is increasing as it helps to enable easy access to machines and devices. Governments initiatives and innovative efforts by the leading market players to enhance the adoption if internet of things (IoT) is expected to fuel the market growth. Evolution of society towards integrated digital human workforce is expected to boost the demand for the internet of things (IoT).

 

The component segment includes hardware, software, and services. Internet of things services segment is expected to be the fastest growing segment owing to rising number of connected devices that generate data.

 

On the basis of application, the market is segmented into consumer electronics, manufacturing, transportation, utilities, healthcare, retail, and others. Manufacturing segment is expected to be one of the major segment of the market. Manufacturers are adding wireless connectivity, software, and sensors to products to communicate without human intervention using IP connectivity.

 

On the basis of region, the global Internet of Things market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global internet of things market and is expected to maintain its dominance in the market. Presence of key players in the region is expected to fuel the market growth. The Asia Pacific is expected to be the fastest growing region owing to increase in investments and growing adoption of advanced factory automation in the region.

 

Source: https://marketresearch.biz/

More Stories By Pramod Pawar

Pramod Pawar is the founder of Caffinegeeks. As head of editing, Pramod brings to the table over a decade of experience in mobile technology, cloud technology, and mobile application. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in the market research field. His interests lie in writing news articles on mobile technology, cloud computing, and emerging technology trends.

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