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Worldwide IoT Security Markets, 2024 - Network Security Expected to Witness the Fastest Growth Rate - ResearchAndMarkets.com

November 6, 2019

DUBLIN--(BUSINESS WIRE)--Nov 6, 2019--

The “Internet of Things (IoT) Security Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

The internet of things (IoT) market was valued at USD 1130.16 million in 2018, and it is expected to reach a value of USD 6062.77 million by 2024, registering a CAGR of 31.87% over the forecast period 2019-2024.

The emerging applications and business models, coupled with the falling device costs, have been driving the adoption rate of IoT, which is, consequently, influencing the number of connected devices, such as connected cars, machines, meters, wearable, and consumer electronics.

Key Highlights

Major Market Trends

Network Security is Expected to Witness the Fastest Growth Rate

Asia-Pacific Occupies the Largest Market Share

Competitive Landscape

The IoT Security market is moderately competitive and consists of a few significant market players operating across the global market. In terms of market share, some of the players currently dominate the market. However, with the advancement in the security access across the industrial services, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.

Companies Profiled

Industry Developments

For more information about this report visit https://www.researchandmarkets.com/r/ujbr5t

View source version on businesswire.com:https://www.businesswire.com/news/home/20191106005913/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS INTERNET

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/06/2019 03:10 PM/DISC: 11/06/2019 03:10 PM

http://www.businesswire.com/news/home/20191106005913/en