Europe IoT Security Market size is expected to reach 12.42 US$ Bn in year 2026, at a CAGR of 23.50 % during the forecast period.
IoT Security Market Outlook by 2026, Key dynamics, Key Trends, and Competitive Landscape.
The market for IoT Security size is expected to reach 12.42 US$ Bn in year 2026, at a CAGR of 23.50 % during the forecast period. Maximize Market Research (MMR), a provider of Engineering Equipment data and statistics for both regional and global markets, has produced a report on the IoT Security industry. Reports include information on the business environment, statistics on local markets, and projections until 2026.
The report covered a wide range of subjects while focusing on marketplaces and sectors. Examples of branding strategies include the introduction of new products, the growth of an organization, the creation of partnerships, and acquisitions. All of the essential elements of the market research that specifically targets the industrial landscape were taken into consideration when this study was developed. This market research analysis also identifies and analyses the major market drivers, challenges, and opportunities. The global Engineering Equipment business consultancy organization Maximize Market Research has recently finished a report on the competitive industry and market intelligence in the IoT Security Market.
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Market Overview:
Examine both current and emerging market trends attentively to gain a deeper understanding of the IoT Security Market. Porter's five forces were utilized in the analysis to rank the importance of a number of criteria, including the challenges posed by various agents, the intensity of market competition, and the familiarity of potential young entrepreneurs with a particular resource. The study looked at the microeconomic structure of each country in order to estimate the overall market size by regions and product categories. When determining the size of local, regional, and global markets, this approach starts from scratch. By analysing each country at the micro level, it is possible to determine what percentage of the market is unregulated. Confirmation of the results is aided by interactions with influential local businessmen. Secondary research must be conducted and evaluated using both compensated and uncompensated data sets. Actual government statistics, commercial databases, and, in the case of listed firms, yearly reports serve as the sources for supply by category and demand by each player.
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Market Dynamics:
The internet of things (IoT) as an advanced and growing technology has revolutionize the way people live, across sectors ranging from transportation to healthcare, from entertainment to government aides and services. The growth in the number of connected devices along with the growth speed has presented various challenges with respect to security and freedom. With the battle on for developing policies, standards, and governance shaping the development without stifling innovation, it is a matter of time before IoT affect the personal human rights if the proper action is not taken. There is a huge concern about consumer privacy, security, and safety risks associated with IoT, along with the potential of compromised, networked devices that are being used for launching large-scale DDoS (distributed denial of service) attacks.
Market Segmentation:
Europe IoT Security Market, By Security Type:
• Cloud security
• Network security
• Endpoint security
• Application security
Europe IoT Security Market, By Device Size:
• Class 0
• Class 1
• Class 2
Europe IoT Security Market, By Solution:
• Data encryption & tokenization
• Identify access management
• Devices authentication & management
• Intrusion detection system
• Secure software & firmware update
• PKI lifecycle management
• Secure communication
• Security analytics
• Distributed denial of service protection
Europe IoT Security Market, By Service:
• Managed services
• Professional Services
Europe IoT Security Market, By Applications:
• Smart Energy & Utilities
• Smart Manufacturing
• Consumer Logistics
• Connected Healthcare
• Connected Wearable’s
• Connected Vehicles
• Smart Government & Defense
• Smart Retail
Europe IoT Security Market, By Power Source:
• Battery Powered
• Continuous Powered
Regional Analysis:
The five key geographical regions of the IoT Security market are North America (the United States, Canada, and Mexico), Europe (the United Kingdom, Germany, France, Italy, Russia, Sweden, etc.), Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC), South America (Brazil, Argentina, etc.), and the Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and Rest of ME&A).
Market Key players:
• Prosyn
• BT
• PWC
• Clearswift
• SentryBay
• Sophos
• Becrypt
• Intruder
• Assuria
• Silobreaker
• BAE
• Citicus
• CGI
• Comarch
• NXP Semiconductors
• Tio Toys
• Filisia Interfaces
• Mime Industries
• SamLabs
• Microbit Foundation
• Ding
• Pillow Talk
• NCube
• Thingtrax
• Doordeck
• OpenTRV
• CupClub
• Ignius
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Dec 04, 2022