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The Internet of Things (IoT) security market is driven due to rising security concerns in the critical infrastructures and strict government regulations and is expected to grow from USD 7.90 Billion in 2016 to USD 36.95 Billion by 2021 at a Compound Annual Growth Rate (CAGR) of 36.1%. The year 2015 has been considered as the base year for the study, while the market size forecast is from 2016 to 2021. The objective of the report is to define, describe, and forecast the IoT security market on the basis of types, applications, solutions, services, industry verticals, and regions and also to provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). The research methodology used to estimate and forecast the IoT security market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The breakdown of the profiles of primary discussion participants is depicted in the below figure: 
The IoT security ecosystem comprises security solution vendors, such as Cisco Systems, Inc., IBM Corporation, Infineon Technologies, Intel Corporation, Symantec Corporation, ARM Holdings, NXP Semiconductor, CheckPoint Software Technologies, Inc., INSIDE Secure SA, Gemalto NV, PTC Inc., Sophos Plc, and Wurldtech Security Technologies; service providers; system integrators; and end users. Other stakeholders of the security analytics market include security service providers, consulting service providers, IT service providers, resellers, enterprise users, and technology providers. The Target Audiences of the security analytics market report are given below: - Government and security agencies
- Security solution vendors
- Cyber security vendors
- Network solution providers
- Consulting firms
- System integrators
- Value-added resellers
- Managed Security Service Providers (MSSPs)
“The study answers several questions for the stakeholders; primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.” Scope of the Report The research report categorizes the IoT security market to forecast the market size and analyze the trends in each of the following sub-markets: IoT security market, by Type: - Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Others
IoT security market, by Application: - Wearables
- Building and Home Automation
- Supply Chain Management
- Patient Information Management
- Energy and Utilities Management
- Customer Information Security
- Asset Optimization
- Manufacturing Process Management
- Communication Technology Management
- Telematics
- Others
IoT security market, by Solution: - Identity and Access Management (IAM)
- Threat Intelligence
- Encryption
- Unified Threat Management (UTM)
- Data Loss Protection (DLP)
- Intrusion Detection/Prevention System (IDS/IPS)
- Distributed Denial of Service (DDoS) Protection
- Network Forensics
- Device Management
- Others
IoT security market, by Service: - Professional Services
- Managed Services
IoT security market, by Vertical: - Banking, Financial Services, and Insurance (BFSI)
- Retail
- Manufacturing
- Healthcare
- Transportation and Logistics
- Government and Defense
- Energy and Utilities
- Telecom and IT
- Others
IoT security market, by Region: - North America
- Europe
- Middle East and Africa (MEA)
- Asia-Pacific (APAC)
- Latin America
Available Customizations With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report: Geographic Analysis - Further breakdown of the North American IoT security market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
Company Information - Detailed analysis and profiling of additional market players
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