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Internet of Things (IoT) Security: North American Markets to 2023

Published By :

BCC Research

Published Date : Dec 2018

Category :

IoT

No. of Pages : 62 Pages

"Summary

The North American IoT security markets are experiencing good market growth rate, which is creating intense competition. Consequently, many cloud and managed service providers are facing intense competition from in-house IT teams for IoT security solution deployment. Many upcoming IoT projects intend to implement in-house security systems to implement various security solutions. This may work well in the proof-of-concept stage, but in the longer term, many in-house solutions cannot scale to meet the demands of IoT projects. IoT solution providers who can benefit such companies with purpose built, modular solutions are using SaaS model. This is expected to be best prepared to meet the demand for
IoT security as the IoT market matures and the need for security increases.

In recent years, the IoT security markets in the U.S. has benefitted solution developers, which should drive the development and penetration of new technologies and solutions. Solution and service providers should be attuned to new developments and identify which new solutions would fit their IoT portfolio. During the forecast period, a considerable amount of this activity is expected in the U.S. market.

Surging demand for cloud-based enterprise applications is a key driver of the North American IoT security markets. Cloud-based solutions depend on internet connectivity to function in a hosted environment. As a result, the risks of cyberattacks and other threats are constant, which is a growth factor for cyber security providers. Other growth factors include the growth in digitalization and IoT security spending, and the increasing demand for security solutions for connected cars and connected healthcare services. Moreover, the industry has been seeing various partnerships and new product launches in IoT security field in the region. Some of the major players who are involved in these strategic
developments are Sophos, Thales eSecurity, Infineon, BAE Systems, and CENTRI Technology."

"Report Scope:

This report provides an in-depth analysis of the North American Internet of Things (IoT) security markets and its segments, including solution, type, end-user application and country. It discusses the different segments of IoT security solutions to derive specific market estimations. The type segment includes hardware and software components. Type of securities includes device layer security, network layer security, application and cloud layer security, threat detection and management solutions and security platforms. In end-user application segment, commercial end-user applications include automotive, healthcare and smart cities. Consumer applications include smart homes and smart wearables. The report also discusses strategies adopted by major players in the North American Internet of Things (IoT) security markets.

Market size is provided for 2017 (considered as base year), 2018 and 2023. Estimated values are based on manufacturers total revenues.

Report Includes:

- 12 data tables
- An in-depth overview and industry analysis of North American markets for security technologies for the Internet of Things (IoT)
- Analyses of global market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Quantification of the market potential for North American markets for security technologies for the IoT applications by solution, type, end user, application industry, and country
- A look at key trends in the market, including industry trends, fast growth in vulnerability, IT security, and adoption of managed security service providers
- Descriptive study with focus on various organizations and inorganic market development strategies for developing advanced security solutions and client networks through product innovation, business expansion, partnerships, and mergers and acquisitions strategies
- Technological assessment of the competitive landscape and company profiles of major IoT security solution providers, including BAE Systems Inc., Cisco Systems Inc., Infineon Technologies, Intel Corp., Symantec, Corp. and Thales e-Security Inc."
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of the Report
Research Methodology
Intended Audience
Analysts Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Market Definition
IoT Data Security Standards and Regulations
IEEE Standards
FIPS 140-2
Common Criteria EAL5+
IETF ACE
Open Trust Protocol
Application Authentication Standards: OAUTH 2.0
IoT Security Framework
Hardware-based Versus Software-based Security
IoT Security Considerations
Secure Boot
Implementing Secure Boot with TrustZone and a TEE
Session Authentication: Roots of Truth
Device and Data Authentication: Techniques and Standards
IoT Data Encryption: Techniques and Standards
Common Techniques for Attacks at the IoT Device Level
Simple Power Analysis and Differential Power Analysis Attack
Public Key Infrastructure Model
Security at the Network Connectivity Layer
Securing IoT Solutions and Applications through Different Techniques
Security, Management and Updating of Devices
Market Drivers
Surging Demand for Cloud-Based Enterprise Applications
Growth in Digitalization and IoT Security Spending
Surging Demand for Security Solutions in Auto and Healthcare Industries
Market Restraints
Lack of IoT Security Standards
Market Opportunities
IoT Platforms and Networks as Market Opportunities
Chapter 4 Market Breakdown by Component
North American IoT Security Markets by Component
Hardware-based Security
Software-based Security
Market Size and Forecast
Chapter 5 Market Breakdown by Solution
North American IoT Security Markets by Solution
Device Layer Security
Network Layer Security
Application and Cloud Layer Security
Market Solutions for IoT Applications and Cloud Layer Security
Threat Detection and Management Solutions
Security Platforms
Market Size and Forecast
Chapter 6 Market Breakdown by End-User Application
Introduction
Industrial
Commercial
Consumer
Market Size and Forecast
Chapter 7 Market Breakdown by Country
Introduction
Market Size and Forecast
U.S.
Canada
Mexico
Chapter 8 Competitive Analysis
Market Share Analysis
Analysis of Key Development Strategies
Key Market Developments
Chapter 9 Company Profiles
BAE SYSTEMS INC.
Company Overview
Recent Developments
CENTRI TECHNOLOGY
Company Overview
Recent Developments
CISCO SYSTEMS INC.
Company Overview
FORGEROCK
Company Overview
HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP (ARUBA)
Company Overview
Recent Development
INFINEON TECHNOLOGIES AG
Company Overview
Recent Development
INTEL CORP.
Company Overview
RAPID7
Company Overview
SOPHOS LTD.
Company Overview
Recent Developments
SYMANTEC CORP.
Company Overview
THALES E-SECURITY INC.
Company Overview
Recent Development

List of Table

List of Tables
Summary Table : North American IoT Security Markets, by End-User Application, Through 2023
Table 1 : North American IoT Security Markets, by Component, Through 2023
Table 2 : North American Markets for IoT Device Layer Security Solutions, by Application, Through 2023
Table 3 : North American Markets for IoT Network Security, by Technology, Through 2023
Table 4 : North American Markets for IoT Application and Device Cloud Security, by Application, Through 2023
Table 5 : North American Markets for Security Platforms, by Type, Through 2023
Table 6 : North American IoT Security Markets, by Solution, Through 2023
Table 7 : North American IoT Security Markets, by End-User Application, Through 2023
Table 8 : North American IoT Security Markets, by Country, Through 2023
Table 9 : U.S. IoT Security Market, by Component, Through 2023
Table 10 : U.S. IoT Security Market, by Solution, Through 2023
Table 11 : U.S. IoT Security Market, by End-User Application, Through 2023
Table 12 : Key Strategies Used by Companies in the North American IoT Security Markets, January 2016 to November 2018

List of Chart

List of Figures
Summary Figure : North American IoT Security Markets, by End-User Application, 2017-2023
Figure 1 : Typical Architecture of IoT Systems and Security Layers
Figure 2 : North American IoT Security Markets, by Component, 2017-2023
Figure 3 : North American IoT Security Markets, by Solution, 2017-2023
Figure 4 : North American IoT Security Markets, by End-User Application, 2017-2023
Figure 5 : North American IoT Security Markets, by Country, 2017-2023
Figure 6 : North American IoT Security Market Share, by Vendor, 2017
Figure 7 : Key Development Strategies Employed in the North American IoT Security Markets, 2017-2018

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