COVID-19 Impact and Recovery Analysis | Internet of Things (IoT) Security Market 2020-2024 | Increasing Incidence of Cyberattacks to Boost Growth | Technavio
Technavio has been monitoring the internet of things (IoT) security market and it is poised to grow by USD 80.94 billion during 2020-2024, progressing at a CAGR of almost 37% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Internet of Things (IoT) Security Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allot Ltd., Broadcom (News - Alert) Inc., CENTRI Technology Inc., Cisco Systems Inc., Fortinet Inc, Gemalto NV, Infineon Technologies AG, Intel Corp, International Business Machines Corp, and Mocana (News - Alert) Corp. are some of the major market participants. The increasing incidence of cyberattacks will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing incidence of cyberattacks has been instrumental in driving the growth of the market.
Internet of Things (IoT) Security Market 2020-2024: Segmentation
Internet of Things (IoT) Security Market is segmented as below:
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Internet of Things (IoT) Security Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our internet of things (IoT) security market report covers the following areas:
This study identifies growing adoption of cloud-based services as one of the prime reasons driving the internet of things (IoT) security market growth during the next few years.
Internet of Things (IoT) Security Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the internet of things (IoT) security market, including some of the vendors such as Allot (News - Alert) Ltd., Broadcom Inc., CENTRI Technology Inc., Cisco Systems Inc., Fortinet Inc, Gemalto NV, Infineon Technologies AG, Intel Corp, International Business Machines Corp, and Mocana Corp. Backed with competitive intelligence and benchmarking, our research reports on the internet of things (IoT) security market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Internet of Things (IoT) Security Market 2020-2024: Key Highlights
Table Of Contents:
Five Forces Analysis
Market Segmentation by End-user
Market Drivers and Challenges
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