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LONDON--(BUSINESS WIRE)--Technavio has been monitoring the internet of things (IoT) security market and it is poised to grow by USD 80.94 billion during 2020-2024, progressing at a CAGR of almost 37% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allot Ltd., Broadcom Inc., CENTRI Technology Inc., Cisco Systems Inc., Fortinet Inc, Gemalto NV, Infineon Technologies AG, Intel Corp, International Business Machines Corp, and Mocana Corp. are some of the major market participants. The increasing incidence of cyberattacks will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing incidence of cyberattacks has been instrumental in driving the growth of the market.

Internet of Things (IoT) Security Market 2020-2024: Segmentation

Internet of Things (IoT) Security Market is segmented as below:

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Internet of Things (IoT) Security Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our internet of things (IoT) security market report covers the following areas:

This study identifies growing adoption of cloud-based services as one of the prime reasons driving the internet of things (IoT) security market growth during the next few years.

Internet of Things (IoT) Security Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the internet of things (IoT) security market, including some of the vendors such as Allot Ltd., Broadcom Inc., CENTRI Technology Inc., Cisco Systems Inc., Fortinet Inc, Gemalto NV, Infineon Technologies AG, Intel Corp, International Business Machines Corp, and Mocana Corp. Backed with competitive intelligence and benchmarking, our research reports on the internet of things (IoT) security market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Internet of Things (IoT) Security Market 2020-2024: Key Highlights

Table Of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Market Drivers and Challenges

Market trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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COVID-19 Impact and Recovery Analysis | Internet of Things (IoT) Security Market 2020-2024 | Increasing Incidence of Cyberattacks to Boost Growth |...