ReportsnReports.com adds Global IoT Security Market 2015-2019 (54.93% CAGR forecast) and Internet of Things (IoT): Technology, Outlook & Significance research reports to its growing collection of business intelligence on IoT (Internet of Things).

Complete report on IoT security market spread across 85 pages, talking about 4 major companies and supported with 36 data exhibits is now available at http://www.reportsnreports.com/reports/390869-global-iot-security-market-2015-2019.html .

The Internet of Things (IoT) security market is expected to grow at 55% CAGR from 2015-2019 according to this new research that says growing need for regulatory compliance has resulted in the unprecedented growth of this industry. Companies are required to comply with regulations set by government, else it can attract heavy penalty. Hence, ensuring network security of connected devices is important. To calculate the IoT security market size, this research has considered the revenue generated from the sales of IoT security software solutions used for network security and management. The report does not include individual device security revenue for market estimation.

Commenting on this 2015 IoT security market research, an analyst said: “Smart cities exist where there is interconnection among a number of digital technologies that enhance communication between devices and improve their performance, and help in efficient utilization of resources. Hitachi is one of the companies focusing on developing technologies for smart cities, which will help in efficient use of resources. Smart cities use IoT that allows communication between devices and help end-users to respond faster to the challenges being faced.”

Cisco Systems, Infineon Technologies, Intel, Siemens and Wurldtech are the major IoT security market companies discussed in this research. Other prominent vendors simply mentioned in this research are 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 and Ventus Wireless. 

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.

The second research titled Internet of Things (IoT): Technology, Outlook & Significance analyzes the adoption status of IoT technology or platform within organizations and the expected timeframe for implementation. It forecasts projected expenditure on IoT solutions over the next two years and potential business gains using IoT solutions. Furthermore, the report provides information about technologies crucial for supporting IoT within organizations, major areas for IoT adoption over the next two years, and accessing security systems to handle IoT adoption concerns. Additionally, the report includes a level of knowledge and awareness about IoT, major barriers in adoption of IoT solutions over the next three years, and organizational goals through deployment of IoT solutions.

The key findings of this research say that majority of organizations have not yet implemented IoT technology or platform. Mobile computing, Wi-Fi, and real time location tracking are crucial for organizations to implement IoT. The highest percentage of executives indicates that no major change is required in the security program handling the implementation of IoT. Organizations expect system integration, and privacy issues and security concerns to pose challenges in the implementation of IoT solutions over the next three years. Organizations expect IoT solutions to improve customer experience and increase resource optimization. Power and energy, logistics, and healthcare are expected to record significant implementation of IoT over the next two years.

In particular, this IoT technology market report provides an in-depth analysis of the following:

  • Level of understanding about IoT: identifies the level of understanding and familiarity about IoT and its application within organizations.
  • Expected timeframe for implementation of IoT solution: anticipates the timeframe within which organizations are likely to implement IoT solutions.
  • Technologies crucial for supporting IoT within organizations: examines technology solutions that are necessary for organizations to implement IoT.
  • IoT solutions and organizational objectives: determines goals which organizations intend to achieve through deployment of IoT solutions.
  • Potential business gains using IoT solutions: ascertains business benefits that organizations are aiming to achieve through IoT solutions.
  • Major barriers in adoption of IoT solutions: examines challenges towards the implementation of IoT solutions over the next three years.
  • Key industries for IoT implementation: identifies industries that are poised for significant IoT implementation over the next two years.
  • Projected investment on IoT solutions: determines investment planned in IoT solutions over the next two years.

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