Market Overview:
The global internet of things (IoT) security product market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing number of connected devices, rising cyber-attacks, and stringent government regulations for data security. The global IoT security product market is segmented on the basis of type into end-point or device security, network security, identity and access management, vulnerability management, messaging security, web security, and others. The end-point or device security segment is expected to hold the largest share in the global IoTsecurity product market duringthe forecast period. This can be attributedto th e growing demand for endpoint protection solutions due to an increase in cyber-attacks targeting connected devices such as smartphones and tablets. On t he basis o f application , t he cons umer goo ds an d retail segm ent i s expec ted t o hol d t he lar gest share i n th e globa l Io T securit y produc t marke t du ri ng th e foreca st per iod . Thi s can b e att ribu tedt ot h e increasin g use o f connecte d devic es by consum ers fo r purchasin g goo ds an d servic es .
 Security Product Industry Outlook.svg)
Product Definition:
IoT security product is a type of software that helps protect devices and data collected by the Internet of Things (IoT). IoT security products are important because they help keep our data safe and secure, especially as more and more devices are connected to the internet.
End-point or Device Security:
End-point or device security is the part of overall Internet of Things (IoT) Security Product that protects devices and systems from any kind of threats. It helps to secure data during transmission and prevents unauthorized access to information. End-point security products are widely used in smart home, industrial automation, retail industry among others due to its capability to provide high level of protection for connected devices. Increasing number IoT enabled devices across the globe is expected drive market growth over the forecast period.
Network Security:
The global network security and it’s usage in internet of things (IoT) security product market size was valued at USD 2.72 billion in 2016. The industry is expected to witness a significant growth owing to the rising adoption of IoT devices across various verticals such as manufacturing, energy & utilities, transportation & logistics, oil & gas, healthcare and others.
Application Insights:
The consumer goods and retail segment accounted for the largest revenue share in 2016. The growth can be attributed to increasing adoption of smart devices and growing concerns about data breaches. For instance, in January 2017, HomeKit users were targeted by a malware attack that installed surveillance software on their devices without their knowledge. Such attacks are likely to increase as IoT proliferates across various sectors including healthcare and energy over the coming years. Thus, demand for robust security solutions is expected to grow with time as consumers continue investing in smart products owing to their benefits such as convenience and ease of use coupled with improved safety features such as remote monitoring & control over a networked device from an endpoint or central location.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments by governments and other organizations for strengthening cyber defense capabilities, growing adoption of IoT-based technologies across various sectors, such as healthcare and manufacturing, high disposable income of consumers coupled with rising demand for consumer goods. Moreover, presence of major technology players in the region is also contributing toward market growth. For instance; Cisco Systems has developed a range of products that enable communication between things (objects) over the internet while keeping privacy and security intact.
Asia Pacific is anticipated to emerge as one of the most lucrative regions during the forecast period owing to increasing number smart devices connected via internet along with rapid developments taking place in cloud computing infrastructure which are further driving industry growth across this region.
Growth Factors:
- Increasing demand for IoT security products from small and medium-sized businesses (SMBs) due to the increasing number of cyber threats targeting these businesses.
- The growing popularity of cloud-based security solutions, which are easier to deploy and manage than traditional on-premises security solutions.
- The increasing use of IoT devices in critical infrastructure sectors such as healthcare, transportation, and energy, which makes them more vulnerable to cyber attacks.
- The rising number of data breaches and ransomware attacks that are causing organizations to invest in better data protection solutions.
- The growing demand for connected cars and other smart transportation systems, which create new opportunities for attackers to exploit vulnerabilities in the automotive supply chain
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Things (IoT) Security Product Market Research Report
By Type
End-point or Device Security, Network Security, Identity and Access Management, Vulnerability Management, Messaging Security, Web Security, Others
By Application
Consumer Goods and Retail, Manufacturing, Transportation and Logistics, Healthcare, Energy and Utility, Others
By Companies
IBM, Cisco, Intel, Check Point, Trend, Infineon, Symantec, Sophos, Palo Alto, ARM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Things (IoT) Security Product Market Report Segments:
The global Internet of Things (IoT) Security Product market is segmented on the basis of:
Types
End-point or Device Security, Network Security, Identity and Access Management, Vulnerability Management, Messaging Security, Web Security, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Goods and Retail, Manufacturing, Transportation and Logistics, Healthcare, Energy and Utility, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Cisco
- Intel
- Check Point
- Trend
- Infineon
- Symantec
- Sophos
- Palo Alto
- ARM
 Security Product Market Overview.svg)
Highlights of The Internet of Things (IoT) Security Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- End-point or Device Security
- Network Security
- Identity and Access Management
- Vulnerability Management
- Messaging Security
- Web Security
- Others
- By Application:
- Consumer Goods and Retail
- Manufacturing
- Transportation and Logistics
- Healthcare
- Energy and Utility
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Internet of Things (IoT) Security Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Security Product Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An IoT security product is a software or hardware solution that helps protect devices and data from cyberattacks. These products can help detect and prevent unauthorized access to devices, monitor activity on connected networks, and protect data stored on these devices.
Some of the key players operating in the internet of things (iot) security product market are IBM, Cisco, Intel, Check Point, Trend, Infineon, Symantec, Sophos, Palo Alto, ARM.
The internet of things (iot) security product market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Things (IoT) Security Product Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Internet of Things (IoT) Security Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Things (IoT) Security Product Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Internet of Things (IoT) Security Product Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Internet of Things (IoT) Security Product Market Size & Forecast, 2020-2028
4.5.1 Internet of Things (IoT) Security Product Market Size and Y-o-Y Growth
4.5.2 Internet of Things (IoT) Security Product Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 End-point or Device Security
5.2.2 Network Security
5.2.3 Identity and Access Management
5.2.4 Vulnerability Management
5.2.5 Messaging Security
5.2.6 Web Security
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Goods and Retail
6.2.2 Manufacturing
6.2.3 Transportation and Logistics
6.2.4 Healthcare
6.2.5 Energy and Utility
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Things (IoT) Security Product Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Internet of Things (IoT) Security Product Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 End-point or Device Security
9.6.2 Network Security
9.6.3 Identity and Access Management
9.6.4 Vulnerability Management
9.6.5 Messaging Security
9.6.6 Web Security
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Goods and Retail
9.10.2 Manufacturing
9.10.3 Transportation and Logistics
9.10.4 Healthcare
9.10.5 Energy and Utility
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 End-point or Device Security
10.6.2 Network Security
10.6.3 Identity and Access Management
10.6.4 Vulnerability Management
10.6.5 Messaging Security
10.6.6 Web Security
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Goods and Retail
10.10.2 Manufacturing
10.10.3 Transportation and Logistics
10.10.4 Healthcare
10.10.5 Energy and Utility
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 End-point or Device Security
11.6.2 Network Security
11.6.3 Identity and Access Management
11.6.4 Vulnerability Management
11.6.5 Messaging Security
11.6.6 Web Security
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Goods and Retail
11.10.2 Manufacturing
11.10.3 Transportation and Logistics
11.10.4 Healthcare
11.10.5 Energy and Utility
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 End-point or Device Security
12.6.2 Network Security
12.6.3 Identity and Access Management
12.6.4 Vulnerability Management
12.6.5 Messaging Security
12.6.6 Web Security
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Goods and Retail
12.10.2 Manufacturing
12.10.3 Transportation and Logistics
12.10.4 Healthcare
12.10.5 Energy and Utility
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 End-point or Device Security
13.6.2 Network Security
13.6.3 Identity and Access Management
13.6.4 Vulnerability Management
13.6.5 Messaging Security
13.6.6 Web Security
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Goods and Retail
13.10.2 Manufacturing
13.10.3 Transportation and Logistics
13.10.4 Healthcare
13.10.5 Energy and Utility
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Internet of Things (IoT) Security Product Market: Competitive Dashboard
14.2 Global Internet of Things (IoT) Security Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Cisco
14.3.3 Intel
14.3.4 Check Point
14.3.5 Trend
14.3.6 Infineon
14.3.7 Symantec
14.3.8 Sophos
14.3.9 Palo Alto
14.3.10 ARM
