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(Hosting-NewsWire.com, April 14, 2016 ) IoT is the communication between connected devices within a network. Data transmission takes place between smart devices, such as thermostats and sensors, which can be further connected to an individuals mobile devices. IoT works efficiently due to the interconnection between embedded hardware devices, communication services, software, and IT services. It helps in efficient remote monitoring and management of numerous interconnected devices. IoT also enables the creation of smart homes, smart shopping, smart transportation, and smart healthcare.
Technavios analysts forecast the global IoT security market to grow at a CAGR of 55.01% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global IoT security market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sales of network security solutions including hardware, software, and services (including managed services) provided by vendors.
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The market is divided into the following segments based on geography: Americas APAC EMEA
Technavio's report, Global IoT Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Cisco Systems Infineon Technologies Intel GE (Wurldtech Security Technologies) Symantec
Other prominent vendors Axeda Machine Cloud Broadcom Digi International Ericsson Eurotech Fortinet Gemalto IBM Kore Wireless NetComm Wireless Nokia Numerex Palo Alto Networks Rockwell Automation Secure Crossing Sierra Wireless Sophos Systech Solutions Telit Tofino Ventus Wireless
Market driver Need to comply with stringent regulations For a full, detailed list, view our report
Market challenge High total cost of ownership (TCO) of IoT security solutions For a full, detailed list, view our report
Market trend Emergence of integrated security solutions For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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Table Of Content
PART 01: Executive summary Highlights PART 02: Scope of the report Market overview PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market description Evolution of IoT from machine-to-machine (M2M) Components of IoT Features of IoT Sensors: Integral part of IoT Mobile biometrics: Necessity for IoT security Growing opportunities with IoT in different industries Value chain analysis PART 06: Market landscape Market overview Country-wise adoption of IoT Market size and forecast PART 07: Life cycle analysis PART 08: Market segmentation by end-user Segmentation of global IoT security market by end-user Global IoT security market by utilities sector Global IoT security market by automotive sector Global IoT security market by healthcare sector PART 09: Market segmentation by network security components Segmentation of global IoT security market by network security components Global IoT security market by hardware Global IoT security market by software Global IoT security market by services PART 10: Geographical segmentation Global IoT security market by geographical segmentation Global IoT security market by geographical segmentation 2015-2020 (revenue) PART 11: Buying criteria PART 12: Market drivers Need to comply with stringent regulations Adoption of cloud-based services Growing use of IoT in enterprises Increase in number of connected devices Increasing security threats PART 13: Impact of drivers PART 14: Market challenges High TCO of IoT security solutions Integration issues among network security components Intense vendor competition Complex IT infrastructure PART 15: Impact of drivers and challenges PART 16: Market trends Emergence of integrated security solutions Growing use of biometrics for IoT security Shift toward multifactor authentication Growing use of SSO Emergence of smart cities Growing need for IoT security in healthcare sector PART 17: Five forces model PART 18: Role of system integrators PART 19: Vendor landscape Competitive scenario Product offerings Vendor description Vendor matrix Competitive rating M&A Partnerships Other prominent vendors PART 20: Appendix List of abbreviations PART 21: Explore Technavio
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