The North America IoT Security Market size is poised to grow at a market growth rate of 22.6% CAGR during the forecast period.
The rising adoption of Internet of Things (IoT) has given way to stay connected to various devices into a single smart interface of smartphones, PCs and tablets. Nevertheless, it has also opened doors for hackers to hack into storage infrastructures to promote disruptions and threaten the privacy and security of both individuals and organizations. The increasing numbers of cyber security threats have resulted in the urgent need for adopting integrated IoT security solutions for enterprises, SMBs, and government. As the impact of potential IoT threats will see unprecedented growth in the years to come, most large enterprises and SMEs are working towards implementing IoT security solutions to safeguard critical data and infrastructures from infiltrations. IoT, which will be an integral part of human evolution, will increasingly have sensing, analytics and visualization tools.
The technology will connect everything right from a personal, community or national level. Information sharing and ease of accessibility via the IoT makes businesses vulnerable to targeted cyber-attacks. Therefore, with substantial benefits, there is also wide scope for risks. The fact that IoT is always-online makes it highly susceptible to intrusion and attacks. The different types of IOT highlighted in the report include network IOT Security, endpoint IOT Security, application IOT Security cloud security and others. Network Security is the dominant segment across all applications. The most promising growth is witness in Cloud security during the forecast period.
Based on the Solution Type, the IoT Market is segmented into Identity & Access Management, Threat Intelligence, Encryption, Unified Threat Management, Data Loss Protection, Intrusion DetectionPrevention System, Distributed Denial of Service Protection, Network Forensics, Device Management and Others. Identity & Access Management dominated the solution market throughout the period. The application segment of IOT covered in the report are Building and Home Automation, Customer Information Security, Supply Chain Management, Manufacturing Process Management, Patient Information Management, Communication Technology Management, Telematics, Energy and Utilities Management, Wearable and Others. The verticals discussed in the report include BFSI, Retail, Manufacturing, Healthcare, Transportation, Government, Energy & Utilities, Telecommunication & IT and Others. The report also covers geographical segmentation of IOT Security market. Based on country, IoT Security market is segmented into US, Canada, Mexico and Rest of North America US remained the dominant region in the North America IoT Security market in 2015.
The report covers the analysis of key stake holders of the IoT Security market. Key companies profiled in the report include IBM Corporation, Symantec Corporation, HP Enterprise Company, FireEye, Inc., Intel Corporation, Cisco Systems, Inc., Check Point Software Technologies and Infineon Technologies AG.
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