IoT Security Market Forecast Report 2020 – 2027 – Top Key Players Analysis
The key drivers contributing to the growth of the IoT security market, including the strong demand for IoT enabled devices, increasing number of cyber-attacks, and the accelerating adoption of cloud technologies by organizations.
By: GMI Research
Leading Players in the IoT Security Market
The notable players in the IoT Security market include Macafee LLC, Trustwave, Infineon Technologies, IBM Cooperation, Symantec Corporation, PTC, Inc, Juniper Networks Inc., Cisco Systems, Inc, Verizon Enterprise Solutions, Check Point Security Software Technologies Ltd., Gemalto NV, and AT&T, Inc., among others
Key Drivers in the IoT Security Market
The key drivers contributing to the growth of the IoT security market, including the strong demand for IoT enabled devices, increasing number of cyber-attacks, and the accelerating adoption of cloud technologies by organizations. For instance, the growing trends of Bring Your Own Device (BYOD), which increases concerns about data security, because individuals are using different devices in their workplace, which is rising the threat of data loss. Due to this, the organizations are focusing on the Internet of Things (IoT) security-enabled devices.
On the other hand, the lack of awareness about benefits, the easy availability of security methods, and the high costs of installation are likely to hamper the growth of the Internet of Things (IoT) security market.
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