Insights on the Internet of Things (IoT) Security Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024 - Technavio
The internet of things (IoT) security market is expected to grow by $ 80.94 bn, progressing at a CAGR of almost 37% during the forecast period.
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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)
The increasing incidence of cyberattacks is one of the major factors propelling market growth. However, factors such as the high cost of implementation of IoT and its security will hamper the market growth.
Internet Of Things (IoT) Security Market: End-user Landscape
Based on the end-user, the industrial sector segment is expected to witness lucrative growth during the forecast period.
Internet Of Things (IoT) Security Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 35% of the market's overall growth is expected to originate from North America. The US is the key market for the internet of things (IoT) security market in North America.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by End-user
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