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(I-SoftwareNews.Com, February 21, 2018 ) Network security market comprise largest market share among all five security types and is expected to continue its dominance throughout the forecast period. The demand for network security solutions is highly influenced by rising demand for security solutions for the cloud technology. Also, intensive use of virtualization has raised the vulnerability of networks to certain threats such as, malware or defective processes that are reducing the efficiency of the hypervisor. IoT security market is expected to grow US$ 30.9 billion by 2025 from US$ 7.28 billion in 2016.
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One of the factor which drive the market for IoT security is that increasing demand for IoT security solution at workshop. Some of the companies are trying to develop the approach of combine physical and cyber security component for employee’s safety and to ensure the efficient functionality of smartphones, tablets and PDAs at workplace. In addition to this there are several other factors which drives the market such as comfort, safety & efficiency, assisted decision making and reduced time & increased revenue. However, the factors hindering the growth of IoT security market are lack of knowledge about benefits of IoT security solution, complexity, compatibility & data integration, threat to security and privacy concern. Concept such as Bring Your Own Device (BYOD), Bring Your Own PC (BYOPC) and Bring Your Own Phone (BYOP) is expected to boost IoT security market over coming years.
IoT Security market by application is segmented as smart home, connected car, information & communication technology, smart factories, BFSI, smart retail, smart healthcare, smart transportation, wearable and others. The growing security concern in BFSI industry sector in order to safeguard user identity and theft of financial data are some of the trends contributing to the growing IoT security market. Almost all the end-user application segment are gradually moving towards digitalization and are becoming more friendly to smart devices and internet network, which is rising the security concern and use of IoT security solution.
The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, China, Australia, Japan, India, South Korea, South Africa, South Arabia and Brazil.
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IoT Security Market Players:
Cisco Systems, Inc.
IBM Corp.
Infineon Technologies
Intel Corporation
Symantec Corporation
ARM Holdings
NXP Semiconductor
INSIDE Secure
Gemalto NV
Trend Micro, Inc.
Synopsys
ESCRYPT
Palo Alto Networks, Inc.
Microchip Technologies Inc.
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Source: EmailWire.Com 
Source: EmailWire.com
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