NEW YORK, November 28, 2017 /PRNewswire/ —
MarketResearch.biz announces publication of its most recently generated research report titled, “Global Internet Of Things (IOT) Security Market By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others) Component (Solution, Services) Application Area And Region – Global Forecast To 2026.“, which offers a holistic view of the global Internet of Things (IoT) security market through systematic segmentation that covers every aspect of the target market. According to report the global Internet of Things security market was valued at US$ 5,654.5 Mn in 2016 and is projected to reach US$ 1,12,101.6 Mn in 2026 at a CAGR of 34.9% from 2017 to 2026.
Internet of things connects multiple devices via wireless sensor networks and cloud services, and provides users access to operational technology networks and information technology. IoT security acts as a shield and helps to protect connected devices and systems in the Internet of things (IoT). Data in IoT communication originates from computing devices and embedded sensor framework used in industrial machine-to-machine (M2M) communication, vehicle to vehicle communication, home and building automation, wearable computing devices, and smart energy grids.
Do inquiry about report before purchasing here: https://marketresearch.biz/report/internet-things-iot-security-market/#inquiry
Global Internet of Things (IoT) Security Market: Market Dynamics
According to the report, a major factor driving growth of the market is rising adoption of cloud-based services and solutions in various sectors, which has led to large amounts of data on cloud. Such data is vulnerable to cyber-attacks and theft, and increasing number of connected devices in organizations worldwide is further driving growth of the global Internet of Things (IoT) security market. Moreover, increasing prerequisites for data driven security solutions for different security controls for data stored and handled in database systems, need for primary processing and network infrastructure, and applications to access data is driving market growth.
High cost of installation and errors generated by security systems in real-time responses are some major factors restraining growth of the global Internet of Things (IoT) security market.
Increasing demand for robust and efficient security systems to protect against unauthorized access is expected to create opportunities for existing as well as new players in the target market.
A major and growing trend is rising adoption of cloud in small and medium scale enterprises owing to scalability and flexibility in terms of payment for cloud systems.