The "Internet of Things (IoT) Security - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Internet of Things (IoT) Security was esti...
Autore: Business Wire
DUBLIN: The "Internet of Things (IoT) Security - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
he global market for Internet of Things (IoT) Security was estimated at US$34.2 Billion in 2023 and is projected to reach US$112.4 Billion by 2030, growing at a CAGR of 18.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
he growth in the IoT security market is driven by several factors, including the increasing number of connected devices, the rising threat of cyberattacks, and the growing importance of regulatory compliance. As the IoT ecosystem expands, businesses are facing greater risks from data breaches and network vulnerabilities, fueling demand for robust security solutions.
Additionally, regulatory frameworks such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA) are pushing organizations to implement IoT security measures to ensure compliance. The integration of AI and blockchain into IoT security solutions is further driving market growth by enabling more sophisticated threat detection and prevention capabilities.
How Is Internet of Things (IoT) Security Addressing Cybersecurity Challenges?
he Internet of Things (IoT) security market is becoming increasingly critical as the number of connected devices grows exponentially. IoT devices, from smart home gadgets to industrial equipment, are often vulnerable to cyberattacks due to their limited computing power and security features. As a result, ensuring robust security protocols for IoT ecosystems is paramount to prevent data breaches, device manipulation, and network vulnerabilities. IoT security solutions involve securing device authentication, encryption of data in transit, and monitoring for abnormal network behavior. Businesses and consumers alike are turning to IoT security measures to safeguard sensitive data and ensure the integrity of their connected devices.
strong>What Technological Innovations Are Enhancing IoT Security?
echnological advancements in artificial intelligence (AI), blockchain, and edge computing are significantly improving IoT security solutions. AI-driven cybersecurity tools can analyze vast amounts of data to detect patterns and anomalies that indicate potential threats. Blockchain technology is being used to create secure, tamper-proof records of device transactions, ensuring the integrity of IoT communications. Edge computing is enabling real-time security measures by processing data closer to the device, reducing latency and allowing for faster threat detection and mitigation. These innovations are making IoT security solutions more proactive, scalable, and capable of addressing the growing complexity of IoT networks.
strong>How Do Market Segments Define the Growth of IoT Security?
omponents include hardware, software, and services, with software solutions such as firewalls and intrusion detection systems leading the market due to their ability to protect against network-based attacks. Security types include network security, endpoint security, and application security, with endpoint security growing rapidly as connected devices become more prevalent. Industry verticals include healthcare, manufacturing, retail, and smart homes, with the healthcare sector showing strong demand for IoT security to protect patient data and ensure regulatory compliance. The market is expanding in regions such as North America and Europe, where IoT adoption is high, and cybersecurity regulations are stringent.
Report Features:
Key Insights:
Key Attributes:
/p>
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $34.2 Billion |
| Forecasted Market Value (USD) by 2030 | $112.4 Billion |
| Compound Annual Growth Rate | 18.5% |
| Regions Covered | Global |
strong>Key Topics Covered:
strong>MARKET OVERVIEW
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS: Some of the 37 companies featured in this Internet of Things (IoT) Security market report include
For more information about this report visit https://www.researchandmarkets.com/r/6v9jrs
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Fonte: Business Wire