Research and Markets has announced the addition of the “Global IoT Security Market 2015-2019” report to their offering.

The global IoT security market to grow at a CAGR of 54.93% over the period 2014-2019

The report covers the present scenario and growth prospects of the global IoT security market for the period 2015-2019. To calculate the market size, the revenue generated from the sales of IoT security software solutions used for network security and management is considered.

IoT involve the communication of multiple devices within a network, which enables data transmission between smart devices such as thermostats and sensors that are further connected to mobile devices. In IoT, embedded software, hardware devices, communication services, and IT services are interconnected, which helps in remote monitoring and managing of numerous interconnected devices efficiently. IoT plays a major role in smart homes, smart shopping, smart transportation, and smart healthcare.

With an increase in the number of 2G, 3G, and 4G networks, threat to data has increased. Increase in sophisticated and complex threats and hacking activities are expected to affect IoT security. IoT security solutions comprise hardware, software products, and managed security services that are used to monitor, detect, and prevent unauthorized access, misuse, or malfunction, or to disable/destroy a computer network. This provides end-users with a secure platform that will help them perform critical tasks.

Key vendors

  • Cisco Systems
  • Infineon Technologies
  • Intel
  • Siemens
  • Wurldtech

Other prominent vendors

  • Alcatel-Lucent
  • Axeda Machine Cloud
  • Broadcom
  • Checkpoint Technologies
  • Digi International
  • Ericsson
  • Eurotech
  • Fortinet
  • Gemalto
  • IBM
  • ILS Technology
  • Kore Wireless
  • NetComm Wireless
  • Numerex
  • Palo Alto Networks
  • Rockwell automation
  • Secure Crossing
  • Sierra Wireless
  • Sophos
  • Systech Solutions
  • Tofino
  • Ventus Wireless

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