Published on : Apr 26, 2016
ALBANY, New York, April 26, 2016: The research report offers a comprehensive overview of the overall Internet of Things (IoT) security market by using important market measurement tools such as a SWOT analysis to highlight the strengths, weaknesses, opportunities, and threats impacting the segments in the overall market and the Porter’s Five Forces analysis model to bring attention to the bargaining power of customers, the intensity of competitive rivalry, the threat of new entrants, the threat of substitute products or services, and the bargaining power of suppliers. To authenticate the research report, the researchers have included opinions of industry leaders.
IoT refers to a communication sought by connected devices in a given network. With this technology, smart devices such as sensors and thermostats can transmit data, which can be later connected a personal mobile device. This function of IoT is enabled by the seamless connection between embedded software, communication services, hardware devices, and IT services. The technological advancements in the IoT sector have led to developments such as smart shopping, smart homes, smart transportation, and smart healthcare. According to the research report, the global IoT security market will surge at a CAGR of 55.01% from 2016 to 2020.
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Geographically, this market is segmented into the Americas, Asia Pacific, the Middle East and Africa, and Europe. The end users studied in this research report are the utilities, automotive, and healthcare sectors. The global IoT security market will be driven by the supportive regulatory framework established by various governments across the world. The emergence of integrated security solutions is also expected to boost this market along with increasing adoption of cloud-based services. However, the overall IoT market does face the tough challenge of the high cost of ownership of IoT security solutions. The research report aims to answer questions pertaining to the key market trends and the growth prospects for this market. Furthermore, it also analyzes the revenues generated from the sale of network security solutions inclusive of software, hardware, and services.
Some of the important players in the global IoT security market are Axeda Machine Cloud, Cisco Systems, Infineon Technologies, Intel, Sierra Wireless, GE (Wurldtech Security Technologies), Symantec, Broadcom, Digi International, Secure Crossing, Gemalto, IBM, and Kore Wireless. The research report provides a complete analysis of the competitive landscape of the IoT market and the regulatory framework governing it. Furthermore, the research report also provides a detailed analysis of the financial overview, research and development activities, business and marketing strategies, strategic mergers and acquisitions, expansion plans, and management styles of these top players for the coming few years.
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