Internet of Things (IoT) Security Market Report 2021-2031

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Increase In Adoption Of Mobile Device Applications And Platforms

According to the Internet of Things (IoT) Security Product market report, rising penetration of mobile network connectivity greatly increases security threat and overall risk. This perceived threat is driving the security market, which is growing at a robust rate of 15% per year between now and 2030. Demand for IoT is increasing owing to the rising demand for connected devices, such as smart cars, smart meters, and machine-to-machine (M2M) communications. IoT development in mobile applications facilitates the remote control of other smart gadgets using a single mobile device. However, it has to be understood that the IoT needs different technologies, procedures, protocols, and standards compared to traditional IT security.


If you are involved in this sector you must read this newly updated report. Our report shows you the potential revenues streams to 2031, assessing data, trends, opportunities and business prospects there.


Key questions answered are in this report

• How is the IoT security market evolving? And how can you ensure you are at the forefront of the market?

• What are the upcoming developments and regulatory framework in the market?

• Where is the IoT security market heading?

• What is driving and restraining the IoT security market?

• Who are the leading players and what are their prospects over the forecast period?

• What are the IoT security projects for these leading companies?

• What are the implication of IoT security projects taking place now and over the next 10 years?


You need to discover how this will impact the IoT security market today, and over the next 10 years:

• Our 540+ page report provides 725 tables and 699 charts/graphs exclusively to you.

• The report highlights key lucrative areas in the industry so you can target them – NOW.

• Contains in-depth analysis of global, regional and national sales and growth

• Highlights for you the key successful trends, changes and revenue projections made by your competitors


Read on to discover the most lucrative areas in the industry and the future market prospects. Our new study lets you assess forecasted sales at overall world market and regional level. See financial results, trends, opportunities, and revenue predictions. Much opportunity remains in this growing IoT Security Market. See how to exploit the opportunities.


Forecasts to 2031 and other analysis reveal the IoT security prospects

• In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares.

• You find original analysis, with business outlooks and developments.

• Discover qualitative analysis (including market dynamics, drivers, opportunities, restraints and challenges), product profiles and project developments.

• Discover how the COVID 19 pandemic has impacted the world market and submarkets, and what are the projected recovery patterns


This report includes data analysis and invaluable insight into how COVID-19 will affect your industry. Four COVID-19 recovery patterns and their impact, namely, V, L, W, and U are discussed in this report.


IoT Security: By Component


• Solution

• Identity & Access Management

• Data Encryption & Tokenization

• Intrusion Detection System & Intrusion Prevention System

• Device Authentication & Management

• Secure Communications

• Public Key Infrastructure Lifecycle Management

• Distributed Denial of Service Protection

• Security Analytics

• Others


• Service

• Professional Services

• Managed Services


IoT Security: By Type

• Network Security

• Endpoint Security

• Application Security

• Cloud Security

• Others


IoT Security: By Application

• Smart Manufacturing

• Smart Energy & Utilities

• Connected Logistics & Transportation

• Smart Home & Consumer Electronics

• Connected Healthcare

• Smart Government & Defence

• Smart Retail

• Others


In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 5 regional and 19 leading national markets:

• North America

• U.S.

• Canada

• Mexico


• Europe

• Germany

• UK

• France

• Italy

• Russia

• Rest of Europe


• Asia Pacific

• China

• Japan

• India

• South Korea

• Rest of Asia Pacific


• Middle East & Africa

• UAE

• Saudi Arabia

• South Africa

­• Rest of Middle East & Africa


• South America

­• Brazil

­• Argentina

• Rest of South America


The report also includes profiles and for some of the leading companies in the IoT security market, with a focus on this segment of these companies’ operations.


Leading companies and the potential for market growth

• Allot Communications Ltd.

• CA Technologies (Broadcom Inc.)

• CENTRI Technologies

• Cisco Systems Inc.

• Fortinet, Inc.

• Gemalto, Inc. (Thales DIS)

• IBM Corporation

• Infineon Technologies AG

• Intel Corporation

• Microsoft Corporation

• NortonLifeLock Inc.

• Palo Alto Networks, Inc.

• SecuriThing

• Trend Micro Inc.

• Zingbox


Overall world revenue for IoT security market will surpass US$xx million in 2021, our work calculates. We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.


How the IoT Security Market report helps you

In summary, our 540+ page report provides you with the following knowledge:


• Revenue forecasts to 2031 for IoT Security Market, with forecasts for Type, Component, and Application each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues


• Revenue forecasts to 2031 for 5 regional and 19 key national markets – See forecasts for the IoT security market in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also forecasted is the market in the US, Canada, Mexico, Germany, Russia, UK, China, India, Indonesia and UAE among other prominent economies.


• Prospects for established firms and those seeking to enter the market– including company profiles for 15 of the major companies involved in the IoT security market. Some of the company’s profiled in this report include Allot Communications Ltd., CA Technologies (Broadcom Inc.), CENTRI Technologies, Cisco Systems Inc., Fortinet, Inc., Gemalto, Inc. (Thales DIS), IBM Corporation, Infineon Technologies AG, Intel Corporation, Microsoft Corporation, NortonLifeLock Inc., Palo Alto Networks, Inc., SecuriThing, Trend Micro Inc., and Zingbox.


Find quantitative and qualitative analysis with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.


Information found nowhere else

With our new report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analysis, and decisions. Our study is for everybody needing commercial analysis for the IoT security market and leading companies. You will find data, trends and predictions in the report.

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1 Report Overview
1.1 Introduction to the IoT Security Market
1.2 IoT Security Market Definition
1.3 Why You Should Read This Report
1.4 What This Report Delivers
1.5 Key Questions Answered By This Analytical Report Include:
1.6 Who is This Report For?
1.7 Methodology
1.7.1 Primary Research
1.7.2 Secondary Research
1.7.3 Market Evaluation & Forecasting Methodology
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Reports
1.10 About

2 Executive Summary

3 Market Dynamics
3.1 Market Drivers
3.1.1 Rising Security Concerns as Hackers are Targeting IoT Devices
3.1.2 Increase In Adoption Of Mobile Device Applications And Platforms
3.2 Market Restraints
3.2.1 Expensive IoT Security Solutions and Shortage of Funds among SMEs
3.2.2 Lack of Trust of Individuals in IoT Systems Can Have a Negative Effect on the Security Market
3.3 Market Opportunities
3.3.1 Growing Need For IoT Security Solutions With A Rise In Cybercriminals
3.3.2 COVID-19 Has Resulted in A Rise In Malware And Phishing Threats Among Enterprises
3.4 Market Challenges
3.4.1 Lack of Standardized Procedures for IoT Solutions
3.4.2 Connectivity Issues of IoT Systems May Slow Down the IoT Security Growth
3.5 SWOT Analysis
3.5.1 Market Strengths
3.5.1.1 A Rise in the Number of IoT Security Providers Owing to an Increase in the Adoption of IoT Devices
3.5.1.2 Different IoT security Methods To Help In Combating the Threat of Cybercrime and Cyberterrorism
3.5.2 Market Weaknesses
3.5.2.1 The IoT Security Systems Tend to Become Inefficient Owing to A Large Number of Interconnections Between IoT Devices
3.5.2.2 Vulnerabilities in the IoT Security Systems that Allows Mismanagement of Data
3.5.3 Market Opportunities
3.5.3.1 The Adoption of IoT Devices by Automotive, Healthcare, and Other Sectors is Expected to Fuel the Growth of the Security Market
3.5.3.2 A Significant Increase in New Variants of IoT Threats and Increasing Data risks in IoT Networks
3.5.4 Market Threats
3.5.4.1 IoT Security Systems are Prone to Cyber Attacks and Abuse
3.5.4.2 Lack of Standardization of IoT Security Solutions
3.6 Porter’s Five Force Analysis
3.6.1 Competitive Rivalry (High)
3.6.2 Bargaining Power of Suppliers (High)
3.6.3 Bargaining Power of Buyers (Moderate)
3.6.4 Threat of Substitute (Moderate)
3.6.5 Threat of New Entrant (Low)
3.7 PEST Analysis
3.7.1 Political Factors
3.7.1.1 IoT Standards Are Absent or Immature Which is Expected to Discourage Customers from Adopting IoT Devices
3.7.1.2 Public-Private Partnerships For Cyber Security in Many Regions
3.7.2 Economic Factors
3.7.2.1 Rising Need of IoT Security System Due to Increase in the Adoption of IoT Devices
3.7.2.2 Expensive IoT Security Solutions Preventing Small Businesses from Investing in Them
3.7.3 Social Factors
3.7.3.1 Rise in Cyber Crimes Supporting the Growth of IoT Security Solutions
3.7.3.2 Concerns Regarding Safety & Privacy and Failure of IoT Security Systems
3.7.4 Technological Factors
3.7.4.1 Development of Various IoT Security Methods With Growing Threats

4 Global IoT Security Market Forecast, by Component, 2021-2031
4.1 Solution Segment Market Forecast, 2021-2031
4.1.1 Demand for IAM Grew During the COVID-19 Pandemic
4.1.2 Encryption and Tokenization Secure Digital Payments
4.1.3 Solution, By Type
4.1.3.1 Identity & Access Management
4.1.3.2 Data Encryption & Tokenization
4.1.3.3 Intrusion Detection System & Intrusion Prevention System
4.1.3.4 Device Authentication & Management
4.1.3.5 Secure Communications
4.1.3.6 Public Key Infrastructure Lifecycle Management
4.1.3.7 Distributed Denial of Service Protection
4.1.3.8 Security Analytics
4.1.3.9 Others
4.1.4 Pre-COVID Market Scenario
4.1.5 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
4.1.5.1 “V” Shaped Recovery Scenario
4.1.5.2 “U” Shaped Recovery Scenario
4.1.5.3 “W” Shaped Recovery Scenario
4.1.5.4 “L” Shaped Recovery Scenario
4.2 Services Segment Market Forecast, 2021-2031
4.2.1 Professional Solutions are on the Rise in the Healthcare Segment and Other Industries
4.2.2 Widespread Application of Managed Services in Automotive, Consumer Electronics, IT & Telecom
4.2.3 Services, By Type
4.2.4 Professional Services
4.2.5 Managed Services
4.2.6 Pre-COVID Market Scenario
4.2.7 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
4.2.7.1 “V” Shaped Recovery Scenario
4.2.7.2 “U” Shaped Recovery Scenario
4.2.7.3 “W” Shaped Recovery Scenario
4.2.7.4 “L” Shaped Recovery Scenario

5 Global IoT Security Market Forecast, by Type, 2021-2031
5.1 Network Security Segment Market Forecast, 2021-2031
5.1.1 Companies Adopting Various Measures to Secure Their IoT Networks Including NSA Upgrade
5.1.2 BYOD Policies and Remote Work Expected to Increase the Need for Company Network Security
5.1.3 Pre-COVID Market Scenario
5.1.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
5.1.4.1 “V” Shaped Recovery Scenario
5.1.4.2 “U” Shaped Recovery Scenario
5.1.4.3 “W” Shaped Recovery Scenario
5.1.4.4 “L” Shaped Recovery Scenario
5.2 Endpoint Security Segment Market Forecast, 2021-2031
5.2.1 Greater Adoption of End User Devices with Technological Advancements and Cheaper Costs
5.2.2 Software Companies Enhancing Endpoint Security as Rising Ransomware Attacks Increase During the Pandemic
5.2.3 Pre-COVID Market Scenario
5.2.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
5.2.4.1 “V” Shaped Recovery Scenario
5.2.4.2 “U” Shaped Recovery Scenario
5.2.4.3 “W” Shaped Recovery Scenario
5.2.4.4 “L” Shaped Recovery Scenario
5.3 Application Security Segment Market Forecast, 2021-2031
5.3.1 Application Software Weaknesses Amplifies the Importance of Application Security
5.3.2 Pre-COVID Market Scenario
5.3.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
5.3.3.1 “V” Shaped Recovery Scenario
5.3.3.2 “U” Shaped Recovery Scenario
5.3.3.3 “W” Shaped Recovery Scenario
5.3.3.4 “L” Shaped Recovery Scenario
5.4 Cloud Security Segment Market Forecast, 2021-2031
5.4.1 Centralization and Multi-Tenant Storage Cloud Structure Necessitates Cloud Security
5.4.2 Legislation to Ensure Cloud Security
5.4.3 Pre-COVID Market Scenario
5.4.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
5.4.4.1 “V” Shaped Recovery Scenario
5.4.4.2 “U” Shaped Recovery Scenario
5.4.4.3 “W” Shaped Recovery Scenario
5.4.4.4 “L” Shaped Recovery Scenario
5.5 Others Segment Market Forecast, 2021-2031
5.5.1 Ensuring Security of IoT Devices by Securing, Devices, Network, Data, OS & Servers
5.5.2 Pre-COVID Market Scenario
5.5.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
5.5.3.1 “V” Shaped Recovery Scenario
5.5.3.2 “U” Shaped Recovery Scenario
5.5.3.3 “W” Shaped Recovery Scenario
5.5.3.4 “L” Shaped Recovery Scenario

6 Global IoT Security Market Forecast, by Application, 2021-2031
6.1 Smart Manufacturing Segment Market Forecast, 2021-2031
6.1.1 Increase in the Use of IoT in Manufacturing Processes
6.1.2 Rising IoT Threats in Manufacturing Processes and the Requirement of Smart Security Systems
6.1.3 Pre-COVID Market Scenario
6.1.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.1.4.1 “V” Shaped Recovery Scenario
6.1.4.2 “U” Shaped Recovery Scenario
6.1.4.3 “W” Shaped Recovery Scenario
6.1.4.4 “L” Shaped Recovery Scenario
6.2 Smart Energy & Utilities Segment Market Forecast, 2021-2031
6.2.1 Enhancing the Security of Smart Metering Solutions For Utilities And Grid Managers
6.2.2 Pre-COVID Market Scenario
6.2.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.2.3.1 “V” Shaped Recovery Scenario
6.2.3.2 “U” Shaped Recovery Scenario
6.2.3.3 “W” Shaped Recovery Scenario
6.2.3.4 “L” Shaped Recovery Scenario
6.3 Connected Logistics & Transportation Segment Market Forecast, 2021-2031
6.3.1 Securing Connected Logistics and Supply Chains
6.3.2 The Cyber Risks of Maritime Transportation’s Connected IoT Systems
6.3.3 Pre-COVID Market Scenario
6.3.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.3.4.1 “V” Shaped Recovery Scenario
6.3.4.2 “U” Shaped Recovery Scenario
6.3.4.3 “W” Shaped Recovery Scenario
6.3.4.4 “L” Shaped Recovery Scenario
6.4 Smart Home & Consumer Electronics Segment Market Forecast, 2021-2031
6.4.1 Increase In Adoption of Smart Home Technology And the Need for Security
6.4.2 Pre-COVID Market Scenario
6.4.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.4.3.1 “V” Shaped Recovery Scenario
6.4.3.2 “U” Shaped Recovery Scenario
6.4.3.3 “W” Shaped Recovery Scenario
6.4.3.4 “L” Shaped Recovery Scenario
6.5 Connected Healthcare Segment Market Forecast, 2021-2031
6.5.1 Managing the Security of IoMT Devices
6.5.2 The Implementation of Zero Trust Architecture to Protect Health Data and IoT
6.5.3 Pre-COVID Market Scenario
6.5.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.5.4.1 “V” Shaped Recovery Scenario
6.5.4.2 “U” Shaped Recovery Scenario
6.5.4.3 “W” Shaped Recovery Scenario
6.5.4.4 “L” Shaped Recovery Scenario
6.6 Smart Government & Defense Segment Market Forecast, 2021-2031
6.6.1 Secure and Sustainable Smart Cities with IoT Security
6.6.2 Security Framework for Military IoT Systems
6.6.3 Pre-COVID Market Scenario
6.6.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.6.4.1 “V” Shaped Recovery Scenario
6.6.4.2 “U” Shaped Recovery Scenario
6.6.4.3 “W” Shaped Recovery Scenario
6.6.4.4 “L” Shaped Recovery Scenario
6.7 Smart Retail Segment Market Forecast, 2021-2031
6.7.1 The Role of IoT Cybersecurity in Retail
6.7.2 Pre-COVID Market Scenario
6.7.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.7.3.1 “V” Shaped Recovery Scenario
6.7.3.2 “U” Shaped Recovery Scenario
6.7.3.3 “W” Shaped Recovery Scenario
6.7.3.4 “L” Shaped Recovery Scenario
6.8 Others Segment Market Forecast, 2021-2031
6.8.1 Rising IoT Threat to the Agricultural Sector
6.8.2 IoT Makes Security And Privacy A Challenge for Wearables
6.8.3 Pre-COVID Market Scenario
6.8.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
6.8.4.1 “V” Shaped Recovery Scenario
6.8.4.2 “U” Shaped Recovery Scenario
6.8.4.3 “W” Shaped Recovery Scenario
6.8.4.4 “L” Shaped Recovery Scenario

7 Global IoT Security Market Forecast, by Region, 2021-2031
7.1 Pre-COVID Market Scenario
7.2 COVID-19 Impact Market Recovery Scenario (V,W,U,L)

8 North America IoT Security Market Forecast, 2021-2031
8.1 Governmental Policies Aimed at Strengthening IoT Security
8.2 Major Partnerships and Investments To Aid The Growth of the IoT Security Market
8.3 North America IoT Security Market Forecast by Country, 2021-2031
8.4 North America IoT Security Market Forecast by Component, 2021-2031
8.4.1 North America Solution Segment Market Forecast, 2021-2031, By Type
8.4.2 North America Services Segment Market Forecast, 2021-2031, By Type
8.4.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
8.5 North America IoT Security Market Forecast by Type, 2021-2031
8.5.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
8.6 North America IoT Security Market Forecast by Application, 2021-2031
8.6.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
8.7 U.S. IoT Security Market Forecast 2021-2031
8.7.1 The U.S. Government Gets Serious About IoT Security With a New Law
8.7.2 Google Invests in ADT To Boost IoT Security Devices
8.7.3 The IoT Security Act of California
8.7.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
8.8 Canada IoT Security Market Forecast 2021-2031
8.8.1 Major Collaborations in Canada to Strengthen the Country’s Cyber Security Scenario
8.8.2 Canadian Multistakeholder Process for Enhancing IoT Security
8.8.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
8.9 Mexico IoT Security Market Forecast 2021-2031
8.9.1 IoT Expected to Increase Demand for Cyber Security Systems
8.9.2 COVID-19 Impact Market Recovery Scenario (V,W,U,L)

9 Europe IoT Security Market Forecast, 2021-2031
9.1 Governments Introducing Legislation to Enhance IoT Security
9.2 ENISA Publishes Guidelines on Securing the IoT Supply Chain
9.3 Europe IoT Security Market Forecast by Country, 2021-2031
9.4 Europe IoT Security Market Forecast by Component, 2021-2031
9.4.1 Europe Solution Segment Market Forecast, 2021-2031, By Type
9.4.2 Europe Services Segment Market Forecast, 2021-2031, By Type
9.4.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.5 Europe IoT Security Market Forecast by Type, 2021-2031
9.5.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.6 Europe IoT Security Market Forecast by Application, 2021-2031
9.6.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.7 UK IoT Security Market Forecast 2021-2031
9.7.1 IoT Could Help The UK Decarbonise
9.7.2 UK Government Strengthening Consumer IoT Security Standards
9.7.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.8 Germany IoT Security Market Forecast 2021-2031
9.8.1 Bundeswehr Vulnerability Disclosure Program
9.8.2 The Radio Equipment Directive
9.8.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.9 France IoT Security Market Forecast 2021-2031
9.9.1 Cloud de Confiance To Ensure the French Digital Sovereignty
9.9.2 Cisco targets IoT Growth with Sentryo Acquisition
9.9.3 Internet Society Supports IoT Security in France
9.9.4 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.10 Italy IoT Security Market Forecast 2021-2031
9.10.1 Italy to Establish A National Agency to Fight Cyber Attacks
9.10.2 iSiCHECK Receives UL IoT Security Rating
9.10.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.11 Russia IoT Security Market Forecast 2021-2031
9.11.1 Safeguarding of the Russian Internet
9.11.2 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
9.12 Rest of Europe IoT Security Market Forecast 2021-2031
9.12.1 Rising Number of Start-ups in Czech Republic
9.12.2 The Governmental Agencies and Private Companies Support Growth of IoT Security in Rest of Europe
9.12.3 Rising Dependence of Swiss Companies on External Security Providers Owing to Rising Cyber Attacks
9.12.4 Teserakt’s Aims to Build a Universal Encryption Solution
9.12.5 COVID-19 Impact Market Recovery Scenario (V,W,U,L)

10 Asia Pacific IoT Security Market Forecast, 2021-2031
10.1 Rising Adoption of IoT Devices Expected to Propel the Growth of IoT Security Market in the Region
10.2 Asia Pacific IoT Security Market Forecast by Country, 2021-2031
10.3 Asia Pacific IoT Security Market Forecast by Component, 2021-2031
10.3.1 Asia Pacific Solution Segment Market Forecast, 2021-2031, By Type
10.3.2 Asia Pacific Services Segment Market Forecast, 2021-2031, By Type
10.3.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
10.4 Asia Pacific IoT Security Market Forecast by Type, 2021-2031
10.4.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
10.5 Asia Pacific IoT Security Market Forecast by Application, 2021-2031
10.5.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
10.6 China IoT Security Market Forecast 2021-2031
10.6.1 Chinese Government Prioritizes Research on IoT Security Vulnerabilities
10.6.2 China Started to Focus on IoT Security Ever Since its 12TH Five Year Plan
10.6.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
10.7 Japan IoT Security Market Forecast 2021-2031
10.7.1 Japan has Tested Numerous Internet-Connected Devices to See How Safe They Are from Cyberattacks
10.7.2 Japan Formulated a Framework of IoT Security Guidelines and IoT Safety/Security Development Guidelines as a Means of Providing IoT Security
10.7.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
10.8 India IoT Security Market Forecast 2021-2031
10.8.1 India is Working Towards Raising its IoT Security Standards
10.8.2 India’s Silicon Labs Have Launched Security Services to Support Zero Trust Security Model in IoT
10.8.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
10.9 South Korea IoT Security Market Forecast 2021-2031
10.9.1 South Korea has Deemed IoT Security as a Matter of National Security.
10.9.2 KISA releases guidelines on automatic processing, IoT, and Privacy by Design
10.9.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
10.10 Rest of Asia Pacific IoT Security Market Forecast 2021-2031
10.10.1 Government and Organizations Encouraging the Development of IoT Security Solutions
10.10.2 COVID-19 Impact Market Recovery Scenario (V,W,U,L)

11 Middle East & Africa IoT Security Market Forecast, 2021-2031
11.1 MEA is Expected to Increase its Spending on IoT Security and is Striving to Become a Data Centre Market
11.2 MEA’s VAD, Subex, and Spire are ensuring the Oil & Gas, Manufacturing, and Healthcare Segments are Safe from Cyberattacks
11.3 Middle East facing a situation of Rising Cyber Attacks Owing to an Increased Adoption of IoT Devices During the Pandemic
11.4 Middle East & Africa IoT Security Market Forecast by Country, 2021-2031
11.5 Middle East & Africa IoT Security Market Forecast by Component, 2021-2031
11.5.1 Middle East & Africa Solution Segment Market Forecast, 2021-2031, By Type
11.5.2 Middle East & Africa Services Segment Market Forecast, 2021-2031, By Type
11.5.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
11.6 Middle East & Africa IoT Security Market Forecast by Type, 2021-2031
11.6.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
11.7 Middle East & Africa IoT Security Market Forecast by Application, 2021-2031
11.7.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
11.8 UAE IoT Security Market Forecast 2021-2031
11.8.1 The UAE Has Introduced a new National Cyber Security Council to Address its Cyber Pandemic Situation
11.8.2 Huawei Working Towards Establishing UAE As a Cyber Security Hub
11.8.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
11.9 Saudi Arabia IoT Security Market Forecast 2021-2031
11.9.1 Zain KSA and Nokia Have Signed MoUs to Provide IoT Services and Security to the Kingdom
11.9.2 Saudi Arabia is Focussed on Enhancing its Cyber Security with the Help of NCA
11.9.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
11.10 South Africa IoT Security Market Forecast 2021-2031
11.10.1 INTERPOL Taking the Initiative to Fight Cyber Crime in Africa
11.10.2 The South African Cybersecurity and Data Protection Law
11.10.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
11.11 Rest of Middle East & Africa IoT Security Market Forecast 2021-2031
11.11.1 Partnerships and a Rising Adoption of IoT In Healthcare To Boost the IoT Security Market
11.11.2 African Countries Slowly Adopting Cyber Security Legislation to Increase Cyber Security
11.11.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)

12 South America IoT Security Market Forecast, 2021-2031
12.1 South America’s IoT Revolution Expected to Increase the Demand for IoT Security Products
12.2 Minerva Labs Helping South America Organizations Overcome Cyber Attacks
12.3 South America IoT Security Market Forecast by Country, 2021-2031
12.4 South America IoT Security Market Forecast by Component, 2021-2031
12.4.1 South America Solution Segment Market Forecast, 2021-2031, By Type
12.4.2 South America Services Segment Market Forecast, 2021-2031, By Type
12.4.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
12.5 South America IoT Security Market Forecast by Type, 2021-2031
12.5.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
12.6 South America IoT Security Market Forecast by Application, 2021-2031
12.6.1 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
12.7 Brazil IoT Security Market Forecast 2021-2031
12.7.1 Brazil is Pushing Itself to Increase IoT Solution and Security Adoption for Social and Economic benefits
12.7.2 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
12.8 Argentina IoT Security Market Forecast 2021-2031
12.8.1 Nokia Has Been Selected by Telecom Argentina to Help Enable a New Enterprise IoT services and Security in the Region
12.8.2 The City of San Nicolas de los Arroyos and Telefónica Have Conducted a Case Study by Using IoT Solutions and Security to Better Manage Urban Resource
12.8.3 COVID-19 Impact Market Recovery Scenario (V,W,U,L)
12.9 Rest of South America IoT Security Market Forecast 2021-2031
12.9.1 Rising Adoption of IoT Solutions to Foster the Growth of IoT Security Market
12.9.2 COVID-19 Impact Market Recovery Scenario (V,W,U,L)

13 Company Profiles
13.1 Company Market Share Analysis, 2020
13.2 Mergers & Acquisitions: Key Developments
13.3 Partnerships, Agreement, Contracts: Key Developments
13.4 Product Launch: Key Developments
13.5 Cisco Systems Inc.
13.5.1 Company Snapshot
13.5.2 Company Overview
13.5.3 Future Outlook
13.5.4 Financial Performance (2016-2020)
13.5.4.1 Net Revenue
13.5.4.2 Gross Profit
13.5.4.3 Geographical Revenue, 2020
13.5.4.4 Segmental Revenue, 2020
13.5.5 Product Benchmarking
13.5.6 Recent Developments, 2019-2021
13.6 IBM Corporation
13.6.1 Company Snapshot
13.6.2 Company Overview
13.6.3 Future Outlook
13.6.4 Financial Performance (2016-2020)
13.6.4.1 Net Revenue
13.6.4.2 Gross Profit
13.6.4.3 Geographical Revenue, 2020
13.6.4.4 Segmental Revenue, 2020
13.6.5 Product Benchmarking
13.6.6 Recent Developments, 2019-2021
13.7 Intel Corporation
13.7.1 Company Snapshot
13.7.2 Company Overview
13.7.3 Future Outlook
13.7.4 Financial Performance (2016-2020)
13.7.4.1 Net Revenue
13.7.4.2 Gross Profit
13.7.4.3 Geographical Revenue, 2020
13.7.4.4 Segmental Revenue, 2020
13.7.5 Product Benchmarking
13.7.6 Recent Developments, 2015-2020
13.8 Infineon Technologies AG
13.8.1 Company Snapshot
13.8.2 Company Overview
13.8.3 Future Outlook
13.8.4 Financial Performance (2016-2020)
13.8.4.1 Net Revenue
13.8.4.2 Gross Profit
13.8.4.3 Geographical Revenue, 2020
13.8.4.4 Segmental Revenue, 2020
13.8.5 Product Benchmarking
13.8.6 Recent Developments, 2016-2021
13.9 Palo Alto Networks, Inc.
13.9.1 Company Snapshot
13.9.2 Company Overview
13.9.3 Future Outlook
13.9.4 Financial Performance (2016-2020)
13.9.4.1 Net Revenue
13.9.4.2 Gross Profit
13.9.4.3 Geographical Revenue, 2020
13.9.5 Product Benchmarking
13.9.6 Recent Developments, 2016-2021
13.10 Trend Micro Inc.
13.10.1 Company Snapshot
13.10.2 Company Overview
13.10.3 Future Outlook
13.10.4 Financial Performance (2016-2020)
13.10.4.1 Net Revenue
13.10.4.2 Gross Profit
13.10.4.3 Geographical Revenue, 2020
13.10.5 Product Benchmarking
13.10.6 Recent Developments, 2021
13.11 CA Technologies (Broadcom Inc.)
13.11.1 Company Snapshot
13.11.2 Company Overview
13.11.3 Future Outlook
13.11.4 Financial Performance (2016-2020)
13.11.4.1 Net Revenue
13.11.4.2 Gross Profit
13.11.4.3 Geographical Revenue, 2020
13.11.4.4 Segmental Revenue, 2020
13.11.5 Product Benchmarking
13.11.6 Recent Developments, 2015-2020
13.12 Microsoft Corporation
13.12.1 Company Snapshot
13.12.2 Company Overview
13.12.3 Future Outlook
13.12.4 Financial Performance (2016-2020)
13.12.4.1 Net Revenue
13.12.4.2 Gross Profit
13.12.4.3 Geographical Revenue, 2020
13.12.4.4 Segmental Revenue, 2020
13.12.5 Product Benchmarking
13.12.6 Recent Developments, 2020-2021
13.13 NortonLifeLock Inc.
13.13.1 Company Snapshot
13.13.2 Company Overview
13.13.3 Future Outlook
13.13.4 Financial Performance (2016-2020)
13.13.4.1 Net Revenue
13.13.4.2 Gross Profit
13.13.4.3 Geographical Revenue, 2020
13.13.4.4 Segmental Revenue, 2020
13.13.5 Product Benchmarking
13.13.6 Recent Developments, 2016-2021
13.14 Allot Communications Ltd.
13.14.1 Company Snapshot
13.14.2 Company Overview
13.14.3 Future Outlook
13.14.4 Financial Performance (2016-2020)
13.14.4.1 Net Revenue
13.14.4.2 Gross Profit
13.14.4.3 Geographical Revenue, 2020
13.14.5 Product Benchmarking
13.14.6 Recent Developments, 2015-2020
13.15 Fortinet, Inc.
13.15.1 Company Snapshot
13.15.2 Company Overview
13.15.3 Future Outlook
13.15.4 Financial Performance (2016-2020)
13.15.4.1 Net Revenue
13.15.4.2 Gross Profit
13.15.4.3 Geographical Revenue, 2020
13.15.4.4 Segmental Revenue, 2020
13.15.5 Product Benchmarking
13.15.6 Recent Developments, 2018-2021
13.16 Gemalto, Inc. (Thales DIS)
13.16.1 Company Snapshot
13.16.2 Company Overview
13.16.3 Future Outlook
13.16.4 Product Benchmarking
13.16.5 Recent Developments, 2018-2019
13.17 Zingbox (Palo Alto)
13.17.1 Company Snapshot
13.17.2 Company Overview
13.17.3 Future Outlook
13.17.4 Product Benchmarking
13.17.5 Recent Developments, 2015-2020
13.18 SecuriThings
13.18.1 Company Snapshot
13.18.2 Company Overview
13.18.3 Future Outlook
13.18.4 Product Benchmarking
13.18.5 Recent Developments, 2015-2020
13.19 CENTRI Technology
13.19.1 Company Snapshot
13.19.2 Company Overview
13.19.3 Future Outlook
13.19.4 Product Benchmarking
13.19.5 Recent Developments, 2016-2019

14 Conclusion
14.1 Concluding Remarks from
14.2 Recommendations for Market Players
14.2.1 Investments in Developing Countries
14.2.2 Collaboration with Automotive Manufacturers
14.2.3 Continuous Investment in Improving Security

List of Tables
Table 1 IoT Security Market, 2021-2031 (US$ mn, CAGR %)
Table 2 Global IoT Security Market Forecast by Component, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 3 Global IoT Security Market for Solution Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 4 Global IoT Security Market Forecast for Solution, by Type, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 5 Global IoT Security Market Forecast for Solution, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 6 Global IoT Security Market Forecast for Solution, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 7 Global IoT Security Market Forecast for Solution, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 1 Global IoT Security Market Forecast for Solution, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 8 Global IoT Security Market for Services Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 9 Global IoT Security Market Forecast for Services, by Type, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 10 Global IoT Security Market Forecast for Services, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 11 Global IoT Security Market Forecast for Services, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 12 Global IoT Security Market Forecast for Services, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 13 Global IoT Security Market Forecast for Services, by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 14 Global IoT Security Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 15 Global IoT Security Market for Network Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 16 Global IoT Security Market for Network Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 17 Global IoT Security Market for Network Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 18 Global IoT Security Market for Network Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 19 Global IoT Security Market for Network Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 20 Global IoT Security Market for Endpoint Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 21 Global IoT Security Market for Endpoint Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 22 Global IoT Security Market for Endpoint Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 23 Global IoT Security Market for Endpoint Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 24 Global IoT Security Market for Endpoint Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 25 Global IoT Security Market for Application Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 26 Global IoT Security Market for Application Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 27 Global IoT Security Market for Application Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 28 Global IoT Security Market for Application Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 29 Global IoT Security Market for Application Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 30 Global IoT Security Market for Cloud Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 31 Global IoT Security Market for Cloud Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 32 Global IoT Security Market for Cloud Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 33 Global IoT Security Market for Cloud Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 34 Global IoT Security Market for Cloud Security Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 35 Global IoT Security Market for Others Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 36 Global IoT Security Market for Others Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 37 Global IoT Security Market for Others Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 38 Global IoT Security Market for Others Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 39 Global IoT Security Market for Others Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 40 Global IoT Security Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 41 Global IoT Security Market for Smart Manufacturing Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 42 Global IoT Security Market for Smart Manufacturing Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 43 Global IoT Security Market for Smart Manufacturing Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 44 Global IoT Security Market for Smart Manufacturing Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 45 Global IoT Security Market for Smart Manufacturing Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 46 Global IoT Security Market for Smart Energy & Utilities Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 47 Global IoT Security Market for Smart Energy & Utilities Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 48 Global IoT Security Market for Smart Energy & Utilities Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 49 Global IoT Security Market for Smart Energy & Utilities Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 50 Global IoT Security Market for Smart Energy & Utilities Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 51 Global IoT Security Market for Connected Logistics & Transportation Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 52 Global IoT Security Market for Connected Logistics & Transportation Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 53 Global IoT Security Market for Connected Logistics & Transportation Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 54 Global IoT Security Market for Connected Logistics & Transportation Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 55 Global IoT Security Market for Connected Logistics & Transportation Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 56 Global IoT Security Market for Smart Home & Consumer Electronics Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 57 Global IoT Security Market for Smart Home & Consumer Electronics Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 58 Global IoT Security Market for Smart Home & Consumer Electronics Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 59 Global IoT Security Market for Smart Home & Consumer Electronics Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 60 Global IoT Security Ma

Companies Profiled in the Report
Allot Communications Ltd.
CA Technologies (Broadcom Inc.)
CENTRI Technologies
Cisco Systems Inc.
Fortinet, Inc.
Gemalto, Inc. (Thales DIS)
IBM Corporation
Infineon Technologies AG
Intel Corporation
Microsoft Corporation
NortonLifeLock Inc.
Palo Alto Networks, Inc.
SecuriThing
Trend Micro Inc.
Zingbox

List of Companies Mentioned in the Report
Allot
Armis
Atonomi
AWS IoT Device Defender
Azure Defender for IoT
Bastille
Beezz
Bitdefender BOX
BlackBerry
BullGuard security of things
CENTRI
Cisco Cyber Vision
Cisco IoT security
Cortex Xpanse
CUJO
Cynerio
Entrust
F-Secure
Forescout
Fortinet NAC
Google Cloud IoT Core
IoT Security Foundation
Jfrog
Kudelski-iot
Mbed OS
McAfee Embedded Control
Mocana
Nanolock
Overwatch
Palo Alto Networks
Praetorian
Rack911 Labs
Rambus CryptoManager
Rapid7
Red Balloon Security
RIDDLE&CODE
SAM
Secure Thingz
Securithings
SensorHound
Sequitur Labs
Sternum IoT
Subex
Symantec for IoT
Tempered
Trustwave
Veridify
Webroot
WISeKey
Zymbit

List of Organizations Mentioned in the Report
Cloud Security Alliance (CSA)
EU Cyber Security Act (CSA) and Framework
European Union Agency for Network and Information Security (ENISA)
GSM Association (GSMA)
IEEE
Industrial Internet Consortium: Industrial Internet Security Framework
Internet Society Foundation
IoT Security Foundation: IoT Security Compliance Framework
Online Trust Alliance
The Internet Society’s Online Trust Alliance (OTA) IoT Trust Framework
UK National Cyber Security Centre (NCSC) Vulnerability Disclosure Toolkit
W3C
World Bank

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