Market Overview:
The global IoT security solution for encryption market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing number of cyber-attacks and data breaches, and the need for secured communication among various devices in IoT ecosystems. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into software platforms and services. Software platforms are further classified into device management platforms, application management platforms, network security platforms, and cloud security platforms. Services are further classified into professional services and managed services. By application, it is divided in healthcare (including medical devices), information technology (IT), telecom (including M2M applications), banking & financial services & insurance (BFSI) sector automotive sector other sectors such as smart energy & utilities etc.). Some key players operating in this market include IBM Corporation (US), Microsoft Corporation(US), Symantec Corporation(US), Intel Security Group(US) Cisco Systems Inc.(US) Check Point Software Technologies Ltd.(Israel) Sophos Ltd.(UK).
Product Definition:
An IoT security solution for encryption is a system that protects data as it travels between devices and servers. This type of security is important because it helps to ensure that information is not compromised as it moves through the network. It also helps to protect against unauthorized access to data, which can help preserve the privacy of users.
Software Platforms:
Software platforms are the core element of any IoT security solution. It is used to design, develop and test applications that run on a device or system. The growth factor for software platforms in the encryption market is its ability to provide secure communication between two devices or systems which may be located at different geographical locations with diverse network infrastructure.
The need for data security has been increasing due to growing cyber-attacks over the past few years.
Service:
Service is a software or a collection of services that are offered to the customer for enabling some functionalities. It may be in the form of an application, subscription, or service-oriented architecture. In IoT security solution for encryption market there are different types of services such as messaging service, data storage service and cloud computing service which can be used by any individual or company to build their own product/service based on these offerings.
Application Insights:
The telecom sector is anticipated to emerge as the fastest-growing segment over the forecast period. The growth can be attributed to increasing demand for secure communications across various applications, such as IoT, M2M, and mobile payments. Moreover, a large number of devices connected to the network increases security vulnerabilities in networks which need proper solution for handling such situations. Thus rising demand from telecom companies for secure connectivity is expected to drive growth over the coming years.
The banking sector also requires robust security solutions due to increasing data breaches and frauds across all channels of communication including physical world (home offices), digital world (SMS authentication), and virtual world (online transactions). Furthermore, growing adoption of cloud computing has led IT companies towards offering services based on IoT thereby driving market growth in recent times.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the presence of major technology players and increasing investments in R&D. The region accounted for more than 35% revenue share in 2016, which is anticipated to decline gradually over the next eight years.
Asia Pacific was estimated as the second-largest regional segment with a revenue share of more than 20% in 2016 and this trend is expected to continue till 2030. This can be attributed primarily to increased spending on IoT security solutions by enterprises as well as governments across countries such as China, India, Japan, South Korea, Australia among others. Moreover rising number of smart cities projects being undertaken by various governments across countries such as China and India are also contributing towards growth of IoT security solutions market globally.
Growth Factors:
- Increasing demand for data security and privacy from consumers and businesses
- The increasing number of cyber-attacks and data breaches in recent years
- The growing popularity of IoT devices and the increasing number of them being connected to the internet
- Regulatory requirements for data encryption and security in various countries
- Advances in encryption technology that make it more difficult for hackers to break into systems
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Security Solution for Encryption Market Research Report
By Type
Software Platforms, Service
By Application
Healthcare, Information Technology (IT), Telecom, Banking, Financial Services, And Insurance (BFSI), Automotive, Others
By Companies
Cisco Systems, Intel Corporation, IBM Corporation, Symantec Corporation, Trend Micro, Digicert, Infineon Technologies, ARM Holdings, Gemalto NV, Kaspersky Lab, CheckPoint Software Technologies, Sophos Plc, Advantech, Verizon Enterprise Solutions, Trustwave, INSIDE Secure SA, PTC Inc., AT&T Inc.
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global IoT Security Solution for Encryption Market Report Segments:
The global IoT Security Solution for Encryption market is segmented on the basis of:
Types
Software Platforms, Service
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
Healthcare, Information Technology (IT), Telecom, Banking, Financial Services, And Insurance (BFSI), Automotive, 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:
- Cisco Systems
- Intel Corporation
- IBM Corporation
- Symantec Corporation
- Trend Micro
- Digicert
- Infineon Technologies
- ARM Holdings
- Gemalto NV
- Kaspersky Lab
- CheckPoint Software Technologies
- Sophos Plc
- Advantech
- Verizon Enterprise Solutions
- Trustwave
- INSIDE Secure SA
- PTC Inc.
- AT&T Inc.
Highlights of The IoT Security Solution for Encryption 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:
- Software Platforms
- Service
- By Application:
- Healthcare
- Information Technology (IT)
- Telecom
- Banking
- Financial Services, And Insurance (BFSI)
- Automotive
- 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 IoT Security Solution for Encryption 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:
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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?
IoT security solution for encryption is to encrypt the data before it is sent over the internet. This will help protect the data from being accessed by unauthorized individuals.
Some of the major companies in the iot security solution for encryption market are Cisco Systems, Intel Corporation, IBM Corporation, Symantec Corporation, Trend Micro, Digicert, Infineon Technologies, ARM Holdings, Gemalto NV, Kaspersky Lab, CheckPoint Software Technologies, Sophos Plc, Advantech, Verizon Enterprise Solutions, Trustwave, INSIDE Secure SA, PTC Inc., AT&T Inc..
The iot security solution for encryption market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Security Solution for Encryption 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 IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Size & Forecast, 2018-2028
4.5.1 IoT Security Solution for Encryption Market Size and Y-o-Y Growth
4.5.2 IoT Security Solution for Encryption Market Absolute $ Opportunity
Chapter 5 Global IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Size Forecast by Type
5.2.1 Software Platforms
5.2.2 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Information Technology (IT)
6.2.3 Telecom
6.2.4 Banking
6.2.5 Financial Services
6.2.6 And Insurance (BFSI)
6.2.7 Automotive
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Security Solution for Encryption 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 IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Analysis and Forecast
9.1 Introduction
9.2 North America IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Size Forecast by Type
9.6.1 Software Platforms
9.6.2 Service
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 IoT Security Solution for Encryption Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Information Technology (IT)
9.10.3 Telecom
9.10.4 Banking
9.10.5 Financial Services
9.10.6 And Insurance (BFSI)
9.10.7 Automotive
9.10.8 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 IoT Security Solution for Encryption Analysis and Forecast
10.1 Introduction
10.2 Europe IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Size Forecast by Type
10.6.1 Software Platforms
10.6.2 Service
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 IoT Security Solution for Encryption Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Information Technology (IT)
10.10.3 Telecom
10.10.4 Banking
10.10.5 Financial Services
10.10.6 And Insurance (BFSI)
10.10.7 Automotive
10.10.8 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 IoT Security Solution for Encryption Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Size Forecast by Type
11.6.1 Software Platforms
11.6.2 Service
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 IoT Security Solution for Encryption Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Information Technology (IT)
11.10.3 Telecom
11.10.4 Banking
11.10.5 Financial Services
11.10.6 And Insurance (BFSI)
11.10.7 Automotive
11.10.8 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 IoT Security Solution for Encryption Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT Security Solution for Encryption 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 IoT Security Solution for Encryption Market Size Forecast by Type
12.6.1 Software Platforms
12.6.2 Service
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 IoT Security Solution for Encryption Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Information Technology (IT)
12.10.3 Telecom
12.10.4 Banking
12.10.5 Financial Services
12.10.6 And Insurance (BFSI)
12.10.7 Automotive
12.10.8 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) IoT Security Solution for Encryption Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT Security Solution for Encryption 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) IoT Security Solution for Encryption Market Size Forecast by Type
13.6.1 Software Platforms
13.6.2 Service
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) IoT Security Solution for Encryption Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Information Technology (IT)
13.10.3 Telecom
13.10.4 Banking
13.10.5 Financial Services
13.10.6 And Insurance (BFSI)
13.10.7 Automotive
13.10.8 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 IoT Security Solution for Encryption Market: Competitive Dashboard
14.2 Global IoT Security Solution for Encryption Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems
14.3.2 Intel Corporation
14.3.3 IBM Corporation
14.3.4 Symantec Corporation
14.3.5 Trend Micro
14.3.6 Digicert
14.3.7 Infineon Technologies
14.3.8 ARM Holdings
14.3.9 Gemalto NV
14.3.10 Kaspersky Lab
14.3.11 CheckPoint Software Technologies
14.3.12 Sophos Plc
14.3.13 Advantech
14.3.14 Verizon Enterprise Solutions
14.3.15 Trustwave
14.3.16 INSIDE Secure SA
14.3.17 PTC Inc.
14.3.18 AT&T Inc.
