The global Internet of Things security market was valued at US$ 5,654.5 Mn in 2016 and is projected to reach US$ 49,502.5 Mn in 2026 at a CAGR of 34.9% from 2017 to 2026. The hardware segment in the global Internet of Things security market is estimated to account for the major revenue share of 45.7% in 2017, owing to factors such as increasing use of security-enabled hardware components.
Global Internet of Things (IoT) Security Market: Segmental Snapshot
By network security component: Hardware segment is estimated to register a CAGR of over 34.4%, thereby accounting for highest revenue share in the network security component segment.
By end user: Industrial sector segment is estimated to account for highest revenue share among the end user segments, registering a CAGR of over 34.6% over the forecast period.
By region: The market in The Americas accounted for highest revenue share in the global Internet of Things (IoT) security market in 2016, and is expected to record highest CAGR of over 33.2% between 2017 and 2026.
Global Internet of Things (IoT) Security Market: Competitive Analysis
The research report on the global Internet of Things (IoT) security market includes detailed competitive analysis on major companies such as Cisco Systems, Inc., IBM, Infineon Technologies AG, Intel Corporation, Symantec Corporation, and Wurldtech Security Technologies.
Infographic by Global Internet of Things (IoT) Security Market