IoT Security Market by Type (Network Security, Endpoint, Application Security, & Cloud Security), Offerings (Solutions & Services), Application Area (Smart Manufacturing, Connected Logistics & Transportation), Data Sensitivity - Global Forecast to 2028

Abstract
The services segment is expected to grow at a higher CAGR of 23.1% during the forecast period. It is expected to grow from USD 20.9 billion in 2023 to USD 59.2 billion by 2028 due to the increasing demand for support and integration services to many IoT-deployed devices.

Based on the solutions, the Identity Access Management segment is expected to account for the largest market share during the forecast period

Identity and access management is a comprehensive business process framework designed to enable organizations to effectively regulate and control employee access to technology resources. This framework encompasses policies and technologies that facilitate the management of attributes like phone numbers, email addresses, and social security numbers while verifying the authenticity of identities. The adoption of loT is rapidly increasing across various industries, thanks to its robust capabilities.

As loT expands its reach, it allows for the connection of multiple end users and devices to networks. Unauthorized access to networks through intrusions is a major contributing factor to cyberattacks. IAM plays a crucial role in mitigating this risk by granting users on the network limited access based on their specific requirements. The growing number of attacks targeting loT devices is expected to fuel the demand for IAM solutions, driving the growth of the identity access management segment.

Based on the type, the cloud security segment is expected to grow at the highest CAGR during the forecast period

The cloud security segment is expected to grow at the highest CAGR of 27.5% during the forecast period due to the rising concern of securing a large number of data generated by a huge number of IoT devices and stored in databases. Cloud security is a part of cybersecurity dedicated to securing cloud computing systems. This, in turn, includes keeping data private and safe across online-based infrastructure, applications, and platforms. Cloud security includes data security, application governance, identity access management, encryption, data retention and business continuity planning, and Security Information and Event Management (SIEM). Cloud security is one of the most important aspects of IoT security, as IoT data is saved in Virtual Machines (VMs) and susceptible to cyberattacks.

Based on region, the North American segment is expected to account for the largest market share during the forecast period

North America has witnessed significant growth in the IoT security market, and it leads the market in terms of market share. North America has led in witnessing cyberattack incidents globally. It is regarded to be the most advanced region regarding information technology security adoption and infrastructure. The rising concern to safeguard critical infrastructure and sensitive data has enlarged government intermediacy in recent years. Numerous government industry-collaborative efforts have been considered to boost the IoT security market. Peculiar budget allocation, mandated information consulting policies, and collaboration with the private sectors are expected to make North America the most lucrative market.

The break-up of the profile of primary participants in the IoT Security Market:
The study contains insights from various industry experts, from solution vendors to Tier 1 companies.

The break-up of the primaries is as follows:
•By Company Type: Tier 1 – 15%, Tier 2 – 40%, and Tier 3 – 45%
•By Designation: C-level –40%, D-level – 35%, and Others – 25%
•By Region: North America – 45%, Asia Pacific – 15%, Europe – 30%, Rest of the World – 10%

The major players in the IoT Security market are Microsoft (US), AWS (US), Google (US), IBM (US), Intel (US), Cisco (US), Ericsson (Sweden), Thales (France), Allot (Israel), Infenion (Germany), Atos (France), etc. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the IoT Security market.

Research Coverage
The market study covers the IoT Security market size across different segments. It aims at estimating the market size and the growth potential across different segments, including operational model, subscribers, enterprise verticals, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the IoT Security market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
•Analysis of key drivers (Growing demand for IoT connectivity, Increasing adoption of cloud computing, Growing need of IoT security, Increased need for an efficient cellular network), restraints (Rapid increase in deployment costs, Increasing security, and privacy concerns), opportunities (Increase in adoption of network virtualization, Acceleration of IP and cloud data traffic), and challenges (Excessive cost of equipment, Lack of interoperability of solutions) influencing the growth of the IoT Security market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IoT Security market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the IoT Security market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT Security market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Microsoft (US), AWS (US), Google (US), IBM (US), Intel (US), Cisco (US), Ericsson (Sweden), Thales (France), Allot (Israel), Infenion (Germany), Atos (France), etc.

Content
Table of Contents

1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.3STUDY SCOPE40
1.3.1MARKETS COVERED40
FIGURE 1IOT SECURITY MARKET SEGMENTATION40
1.3.2GEOGRAPHICAL SCOPE41
FIGURE 2IOT SECURITY MARKET: GEOGRAPHICAL SCOPE41
1.3.3INCLUSIONS AND EXCLUSIONS41
1.3.4YEARS CONSIDERED42
1.4CURRENCY CONSIDERED42
TABLE 1USD EXCHANGE RATES, 2020–202242
1.5STAKEHOLDERS43
1.6SUMMARY OF CHANGES43
1.6.1RECESSION IMPACT43
2RESEARCH METHODOLOGY44
2.1RESEARCH DATA44
FIGURE 3IOT SECURITY MARKET: RESEARCH DESIGN44
2.1.1SECONDARY DATA45
2.1.1.1Secondary sources45
2.1.2PRIMARY DATA45
2.1.2.1Key primary interview participants46
2.1.2.2Breakdown of primary profiles46
2.1.2.3Primary sources47
2.1.2.4Key industry insights47
2.2MARKET SIZE ESTIMATION48
FIGURE 4RESEARCH METHODOLOGY: APPROACH48
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF SERVICES IN IOT SECURITY MARKET49
2.2.1BOTTOM-UP APPROACH49
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF IOT SECURITY VENDORS50
FIGURE 7BOTTOM-UP APPROACH50
2.2.2TOP-DOWN APPROACH50
FIGURE 8TOP-DOWN APPROACH51
2.3DATA TRIANGULATION52
FIGURE 9DATA TRIANGULATION52
 
2.4FACTOR ANALYSIS53
TABLE 2FACTOR ANALYSIS53
2.5ASSUMPTIONS54
2.6LIMITATIONS54
2.7IMPLICATIONS OF RECESSION ON IOT SECURITY MARKET55
FIGURE 10IOT SECURITY MARKET TO WITNESS SLIGHT Y-O-Y DIP IN 202355
3EXECUTIVE SUMMARY56
TABLE 3IOT SECURITY MARKET SIZE AND GROWTH RATE, 2023–2028 (USD MILLION, Y-O-Y GROWTH)57
FIGURE 11IOT SECURITY MARKET, BY REGION, 202358
4PREMIUM INSIGHTS59
4.1IOT SECURITY MARKET OVERVIEW59
FIGURE 12RISING SOPHISTICATION OF CYBERATTACKS TO FUEL GROWTH OF IOT SECURITY MARKET59
4.2IOT SECURITY MARKET, BY OFFERING59
FIGURE 13SOLUTIONS SEGMENT TO DOMINATE MARKET THROUGH 202359
4.3IOT SECURITY MARKET, BY PROFESSIONAL SERVICE60
FIGURE 14IMPLEMENTATION SEGMENT TO LEAD MARKET IN 202360
4.4NORTH AMERICA: IOT SECURITY MARKET, BY TOP THREE TYPES AND APPLICATIONS60
FIGURE 15NETWORK SECURITY AND SMART MANUFACTURING SEGMENTS TO ACCOUNT FOR HIGHEST MARKET SHARES IN 202360
5MARKET OVERVIEW61
5.1INTRODUCTION61
5.2MARKET DYNAMICS61
FIGURE 16DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IOT SECURITY MARKET61
5.2.1DRIVERS62
5.2.1.1Rapid increase in IoT security incidents related to Industry 4.062
TABLE 4IOT CONNECTIONS, 2022 VS. 2028 (BILLION)62
5.2.1.2Need to effectively deal with IoT vulnerabilities62
5.2.1.3Growing number of IoT security regulations63
5.2.1.4Rising security concerns related to critical infrastructure63
FIGURE 17IOT ATTACK ORIGINATION, BY COUNTRY63
5.2.1.5Increase in data volumes due to 5G64
5.2.1.6Standardization of IPv664
TABLE 5COUNTRY-WISE ADOPTION OF IPV6, 202264
5.2.2RESTRAINTS65
5.2.2.1Lack of awareness about new variants of IoT threats65
5.2.2.2Budgetary constraints of SMEs in developing economies65
 
5.2.3OPPORTUNITIES65
5.2.3.1New wave of IoT applications due to 5G networks65
5.2.3.2Development of smart infrastructure66
5.2.4CHALLENGES66
5.2.4.1Lack of standardization in IoT protocol66
5.2.4.2Threat to enterprise networks from shadow IoT devices66
5.2.4.3Need to ensure secure communication across networks67
FIGURE 18INCREASE IN DATA VOLUMES DUE TO 5G TO ACCELERATE GROWTH OF IOT SECURITY MARKET67
FIGURE 19LACK OF STANDARDIZATION IN IOT PROTOCOL TO RESTRICT MARKET GROWTH68
5.3BRIEF HISTORY/EVOLUTION OF IOT SECURITY68
5.4USE CASES69
TABLE 6USE CASE 1: PALO ALTO HELPS NDIT TEAM TO BETTER MANAGE NETWORK TRAFFIC LOAD69
TABLE 7USE CASE 2: PROHEATLH USES ORDR SCE PLATFORM TO IMPROVE SECURITY OF IOT DEVICES FOR PROHEALTH70
TABLE 8USE CASE 3: CLAROTY PLATFORM HELPS PHARMA COMPANY ACHIEVE FULL ASSET VISIBILITY70
TABLE 9USE CASE 4: END-POINT SECURITY SOLUTIONS FROM TREND MICRO MINIMIZE ESCALATIONS FOR ANTHEM BIOSCIENCES71
TABLE 10USE CASE 5: HAPPIEST MINDS HELPS WATER TREATMENT COMPANY REDUCE SECURITY RISKS FROM DESIGN TO ROLLOUT71
5.5PORTER’S FIVE FORCES MODEL ANALYSIS72
TABLE 11PORTER’S FIVE FORCES IMPACT ANALYSIS72
5.5.1THREAT OF NEW ENTRANTS72
5.5.2THREAT OF SUBSTITUTES72
5.5.3BARGAINING POWER OF SUPPLIERS73
5.5.4BARGAINING POWER OF BUYERS73
5.5.5INTENSITY OF COMPETITIVE RIVALRY73
5.6VALUE CHAIN ANALYSIS74
FIGURE 20IOT SECURITY MARKET: VALUE CHAIN ANALYSIS75
5.7ECOSYSTEM75
TABLE 12IOT SECURITY MARKET: ECOSYSTEM75
5.8PATENT ANALYSIS76
FIGURE 21COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS76
TABLE 13TOP TWENTY PATENT OWNERS77
FIGURE 22NUMBER OF PATENTS GRANTED PER YEAR, 2018-202377
5.9PRICING ANALYSIS78
TABLE 14AVERAGE SELLING PRICE/PRICING MODEL OF IDENTITY AND ACCESS MANAGEMENT SOLUTION – IOT SECURITY MARKET78
5.10REGULATORY IMPLICATIONS79
5.10.1GENERAL DATA PROTECTION REGULATION79
5.10.2FEDERAL INFORMATION SECURITY MANAGEMENT ACT79
5.10.3PAYMENT CARD INDUSTRY DATA SECURITY STANDARD80
5.10.4SARBANES–OXLEY ACT80
5.10.5SOC280
5.10.6HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT80
5.10.7GRAMM-LEACH-BLILEY ACT81
5.11TECHNOLOGY ANALYSIS81
5.11.1MACHINE LEARNING81
5.11.2BLOCKCHAIN82
5.11.3USER AND ENTITY BEHAVIOR ANALYTICS AND CYBERSECURITY FRAMEWORK82
5.11.4TOKENIZATION AND CYBERSECURITY FRAMEWORK82
5.12TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS83
FIGURE 23REVENUE SHIFT IN IOT SECURITY MARKET83
5.13BEST PRACTICES IN IOT SECURITY MARKET84
5.14ADOPTION OF IOT SECURITY84
6IOT SECURITY MARKET, BY OFFERING86
6.1INTRODUCTION87
6.1.1DRIVERS: IOT SECURITY MARKET, BY 0FFERING87
FIGURE 24SERVICES SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD87
TABLE 15IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)87
TABLE 16IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)88
6.2SOLUTIONS88
6.2.1OFFER MULTIPLE FEATURES TO PROTECT DEVICES FROM ATTACKS88
TABLE 17SOLUTIONS: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)88
TABLE 18SOLUTIONS: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)88
6.3SERVICES89
6.3.1PREVENT UNAUTHORIZED ACCESS, DISCLOSURE, OR MODIFICATION OF DATA89
TABLE 19SERVICES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)89
TABLE 20SERVICES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)89
7IOT SECURITY MARKET, BY SOLUTION90
7.1INTRODUCTION91
7.1.1DRIVERS: IOT SECURITY MARKET, BY SOLUTION91
FIGURE 25IDENTITY AND ACCESS MANAGEMENT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD91
TABLE 21IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)92
TABLE 22IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)92
 
7.2IDENTITY AND ACCESS MANAGEMENT93
7.2.1PREVENTS UNAUTHORIZED ACCESS TO NETWORKS93
TABLE 23IDENTITY AND ACCESS MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)93
TABLE 24IDENTITY AND ACCESS MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)93
7.3DATA ENCRYPTION AND TOKENIZATION94
7.3.1REPLACES SENSITIVE DATA WITH UNIQUE IDENTIFICATION SYMBOLS94
TABLE 25DATA ENCRYPTION AND TOKENIZATION: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)94
TABLE 26DATA ENCRYPTION AND TOKENIZATION: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)94
7.4INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM95
7.4.1MONITORS NETWORK FOR MALICIOUS ACTIVITIES OR POLICY VIOLATIONS95
TABLE 27INTRUSION DETECTION SYSTEM /INTRUSION PREVENTION SYSTEM: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)95
TABLE 28INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)95
7.5DEVICE AUTHENTICATION AND MANAGEMENT96
7.5.1AUTHENTICATES UNIQUE IDENTITY OF CONNECTED DEVICES96
TABLE 29DEVICE AUTHENTICATION AND MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)96
TABLE 30DEVICE AUTHENTICATION AND MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)96
7.6SECURE COMMUNICATIONS97
7.6.1ENABLES SEAMLESS CONNECTION BETWEEN DEVICES97
TABLE 31SECURE COMMUNICATIONS: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)97
TABLE 32SECURE COMMUNICATIONS: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)97
7.7PUBLIC KEY INFRASTRUCTURE LIFECYCLE MANAGEMENT98
7.7.1PROVIDES FRAMEWORK TO VERIFY IDENTITY OF DEVICES98
TABLE 33PUBLIC KEY INFRASTRUCTURE LIFECYCLE MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)98
TABLE 34PUBLIC KEY INFRASTRUCTURE LIFECYCLE MANAGEMENT: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)98
7.8DISTRIBUTED DENIAL OF SERVICE PROTECTION99
7.8.1PREVENTS DISRUPTION OF NORMAL SERVICES99
TABLE 35DISTRIBUTED DENIAL OF SERVICE PROTECTION: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)99
TABLE 36DISTRIBUTED DENIAL OF SERVICE PROTECTION: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)99
 
7.9SECURITY ANALYTICS100
7.9.1PROVIDES ADVANCED SECURITY BREACH PREDICTIONS100
TABLE 37SECURITY ANALYTICS: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)100
TABLE 38SECURITY ANALYTICS: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)100
7.10OTHER SOLUTIONS101
7.10.1SHIFT TO DISTRIBUTED FIREWALLS FOR EMBEDDED DEVICES101
TABLE 39OTHER SOLUTIONS: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)101
TABLE 40OTHER SOLUTIONS: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)101
8IOT SECURITY MARKET, BY SERVICE102
8.1INTRODUCTION103
8.1.1DRIVERS: IOT SECURITY MARKET, BY SERVICE103
FIGURE 26MANAGED SERVICES SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD103
TABLE 41IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)103
TABLE 42IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)104
8.2PROFESSIONAL SERVICES104
8.2.1HELP TO SPEED UP IOT SECURITY SOLUTION DEVELOPMENT104
TABLE 43PROFESSIONAL SERVICES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)104
TABLE 44PROFESSIONAL SERVICES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)104
TABLE 45PROFESSIONAL SERVICES: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)105
TABLE 46PROFESSIONAL SERVICES: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)105
8.2.2IMPLEMENTATION SERVICES105
8.2.2.1Enable organizations to offer transparent and secure IoT experience105
TABLE 47IMPLEMENTATION SERVICES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)105
TABLE 48IMPLEMENTATION SERVICES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)106
8.2.3CONSULTING SERVICES106
8.2.3.1Provide customization for maximum product assurance106
TABLE 49CONSULTING SERVICES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)106
TABLE 50CONSULTING SERVICES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)107
 
8.2.4SUPPORT AND MAINTENANCE SERVICES107
8.2.4.1Offer clients ongoing repair and inspection assistance107
TABLE 51SUPPORT AND MAINTENANCE SERVICES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)107
TABLE 52SUPPORT AND MAINTENANCE SERVICES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)108
8.3MANAGED SERVICES108
8.3.1PROVIDE WIDE-RANGING TECHNICAL SUPPORT TO CUSTOMERS108
TABLE 53MANAGED SERVICES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)108
TABLE 54MANAGED SERVICES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)109
9IOT SECURITY MARKET, BY TYPE110
9.1INTRODUCTION111
9.1.1DRIVERS: IOT SECURITY MARKET, BY TYPE111
FIGURE 27CLOUD SECURITY SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD111
TABLE 55IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)112
TABLE 56IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)112
9.2NETWORK SECURITY112
9.2.1SAFEGUARDS INTEGRITY AND ACCESSIBILITY OF COMPUTER NETWORKS AND DATA112
TABLE 57NETWORK SECURITY: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)113
TABLE 58NETWORK SECURITY: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)113
9.3ENDPOINT SECURITY113
9.3.1INCREASES PRODUCTIVITY BY PREVENTING DOWNTIME AND DATA LOSS113
TABLE 59ENDPOINT SECURITY: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)114
TABLE 60ENDPOINT SECURITY: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)114
9.4APPLICATION SECURITY114
9.4.1ENABLES ENTERPRISES TO SECURE BUSINESS-SENSITIVE APPLICATIONS114
TABLE 61APPLICATION SECURITY: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)115
TABLE 62APPLICATION SECURITY: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)115
9.5CLOUD SECURITY115
9.5.1HELPS SAFEGUARD DATA ON IOT DEVICES115
TABLE 63CLOUD SECURITY: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)116
TABLE 64CLOUD SECURITY: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)116
 
9.6OTHER SECURITY TYPES116
9.6.1OFFER CONTINUOUS PROTECTION TO IOT ECOSYSTEM116
TABLE 65OTHER SECURITY TYPES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)117
TABLE 66OTHER SECURITY TYPES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)117
10IOT SECURITY MARKET, BY DATA SENSITIVITY118
10.1INTRODUCTION119
10.1.1DRIVERS: IOT SECURITY MARKET, BY DATA SENSITIVITY119
10.2HIGH-SENSITIVITY DATA119
10.2.1THEFT OF DATA LIKELY TO CAUSE SERIOUS LOSSES119
10.3LOW- AND MODERATE-SENSITIVITY DATA120
10.3.1POSSIBILITY OF MISUSE TO COMMIT FRAUD OR IDENTITY THEFT120
11IOT SECURITY MARKET, BY APPLICATION AREA121
11.1INTRODUCTION122
11.1.1DRIVERS: IOT SECURITY MARKET, BY APPLICATION AREA122
FIGURE 28SMART MANUFACTURING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD123
TABLE 67IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)123
TABLE 68IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)124
11.2SMART MANUFACTURING124
11.2.1RISING NEED TO ENHANCE EFFICIENCY OF BUSINESS PROCESSES AND PRODUCTION OUTPUT124
TABLE 69SMART MANUFACTURING: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)125
TABLE 70SMART MANUFACTURING: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)125
11.3SMART ENERGY AND UTILITIES125
11.3.1GROWING USE OF SECURITY SOLUTIONS TO PROTECT PERSONAL DATA125
TABLE 71SMART ENERGY AND UTILITIES: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)126
TABLE 72SMART ENERGY AND UTILITIES: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)126
11.4CONNECTED LOGISTICS AND TRANSPORTATION126
11.4.1RISING NEED TO SECURE IOT DEVICES TO PREVENT LOSS OF LIFE OR GOODS126
TABLE 73CONNECTED LOGISTICS AND TRANSPORTATION: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)127
TABLE 74CONNECTED LOGISTICS AND TRANSPORTATION: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)127
11.5SMART HOME AND CONSUMER ELECTRONICS127
11.5.1GROWING RISK OF MALWARE AND OTHER FORMS OF ATTACKS127
TABLE 75SMART HOME AND CONSUMER ELECTRONICS: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)128
TABLE 76SMART HOME AND CONSUMER ELECTRONICS: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)128
11.6CONNECTED HEALTHCARE128
11.6.1IOT SECURITY ESSENTIAL TO SAFEGUARD PATIENT DATA128
TABLE 77CONNECTED HEALTHCARE: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)129
TABLE 78CONNECTED HEALTHCARE: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)129
11.7SMART GOVERNMENT AND DEFENSE129
11.7.1DEMAND FOR IOT SECURITY TO PROTECT CRITICAL INFORMATION129
TABLE 79SMART GOVERNMENT AND DEFENSE: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)130
TABLE 80SMART GOVERNMENT AND DEFENSE: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)130
11.8SMART RETAIL130
11.8.1RISING REQUIREMENT TO SECURE MULTIPLE NETWORK POINTS130
TABLE 81SMART RETAIL: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)131
TABLE 82SMART RETAIL: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)131
11.9OTHER APPLICATION AREAS131
11.9.1INCREASING TECHNOLOGY ADOPTION IN AGRICULTURE TO CREATE DEMAND131
TABLE 83OTHER APPLICATION AREAS: IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)132
TABLE 84OTHER APPLICATION AREAS: IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)132
12IOT SECURITY MARKET, BY REGION133
12.1INTRODUCTION134
TABLE 85IOT SECURITY MARKET, BY REGION, 2018–2022 (USD MILLION)134
TABLE 86IOT SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)134
12.2NORTH AMERICA135
12.2.1NORTH AMERICA: IOT SECURITY MARKET DRIVERS135
12.2.2NORTH AMERICA: RECESSION IMPACT135
12.2.3NORTH AMERICA: IOT SECURITY REGULATIONS135
FIGURE 29NORTH AMERICA: MARKET SNAPSHOT136
TABLE 87NORTH AMERICA: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)137
TABLE 88NORTH AMERICA: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)137
TABLE 89NORTH AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)137
TABLE 90NORTH AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)138
TABLE 91NORTH AMERICA: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)138
TABLE 92NORTH AMERICA: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)138
TABLE 93NORTH AMERICA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)139
TABLE 94NORTH AMERICA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)139
TABLE 95NORTH AMERICA: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)139
TABLE 96NORTH AMERICA: IOT SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION)140
TABLE 97NORTH AMERICA: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)140
TABLE 98NORTH AMERICA: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)141
TABLE 99NORTH AMERICA: IOT SECURITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)141
TABLE 100NORTH AMERICA: IOT SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)141
12.2.4US141
12.2.4.1Government investments in IT infrastructure to boost market141
TABLE 101US: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)142
TABLE 102US: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)142
TABLE 103US: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)142
TABLE 104US: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)143
TABLE 105US: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)143
TABLE 106US: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)143
TABLE 107US: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)144
TABLE 108US: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)144
TABLE 109US: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)144
TABLE 110US: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)144
TABLE 111US: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)145
TABLE 112US: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)145
12.2.5CANADA145
12.2.5.1Collaborative efforts to strengthen cybersecurity to drive market145
12.3EUROPE146
12.3.1EUROPE: MARKET DRIVERS146
12.3.2EUROPE: RECESSION IMPACT146
12.3.3EUROPE: REGULATORY LANDSCAPE147
TABLE 113EUROPE: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)147
TABLE 114EUROPE: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)148
TABLE 115EUROPE: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)148
TABLE 116EUROPE: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)148
TABLE 117EUROPE: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)149
TABLE 118EUROPE: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)149
TABLE 119EUROPE: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)149
TABLE 120EUROPE: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)149
TABLE 121EUROPE: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)150
TABLE 122EUROPE: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)150
TABLE 123EUROPE: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)150
TABLE 124EUROPE: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)151
TABLE 125EUROPE: IOT SECURITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)151
TABLE 126EUROPE: IOT SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)151
12.3.4UK152
12.3.4.1National cybersecurity strategy to boost market152
TABLE 127UK: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)152
TABLE 128UK: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)152
TABLE 129UK: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)153
TABLE 130UK: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)153
TABLE 131UK: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)154
TABLE 132UK: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)154
TABLE 133UK: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)154
TABLE 134UK: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)154
TABLE 135UK: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)155
TABLE 136UK: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)155
TABLE 137UK: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)155
TABLE 138UK: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)156
12.3.5GERMANY156
12.3.5.1IoT adoption in automotive and manufacturing sectors to drive market156
12.3.6REST OF EUROPE156
12.3.6.1Government initiatives to provide training for security professionals to propel market156
12.4ASIA PACIFIC157
12.4.1ASIA PACIFIC: MARKET DRIVERS157
12.4.2ASIA PACIFIC: RECESSION IMPACT157
FIGURE 30ASIA PACIFIC: MARKET SNAPSHOT158
TABLE 139ASIA PACIFIC: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)158
TABLE 140ASIA PACIFIC: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)159
TABLE 141ASIA PACIFIC: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)159
TABLE 142ASIA PACIFIC: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)159
TABLE 143ASIA PACIFIC: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)160
TABLE 144ASIA PACIFIC: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)160
TABLE 145ASIA PACIFIC: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)160
TABLE 146ASIA PACIFIC: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)160
TABLE 147ASIA PACIFIC: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)161
TABLE 148ASIA PACIFIC: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)161
TABLE 149ASIA PACIFIC: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)161
TABLE 150ASIA PACIFIC: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)162
TABLE 151ASIA PACIFIC: IOT SECURITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)162
TABLE 152ASIA PACIFIC: IOT SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)162
12.4.3CHINA163
12.4.3.1Huge IoT market to drive demand for security solutions163
TABLE 153CHINA: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)163
TABLE 154CHINA: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)163
TABLE 155CHINA: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)164
TABLE 156CHINA: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)164
TABLE 157CHINA: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)165
TABLE 158CHINA: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)165
TABLE 159CHINA: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)165
TABLE 160CHINA: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)165
TABLE 161CHINA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)166
TABLE 162CHINA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)166
TABLE 163CHINA: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)166
TABLE 164CHINA: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)167
12.4.4INDIA167
12.4.4.1Government initiatives to boost market growth167
12.4.5REST OF ASIA PACIFIC167
12.4.5.1Significant expenditure on cybersecurity to fuel market167
 
12.5MIDDLE EAST & AFRICA168
12.5.1MIDDLE EAST & AFRICA: MARKET DRIVERS168
12.5.2MIDDLE EAST & AFRICA: RECESSION IMPACT168
12.5.3MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE168
TABLE 165MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)169
TABLE 166MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)169
TABLE 167MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)169
TABLE 168MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)170
TABLE 169MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)170
TABLE 170MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)170
TABLE 171MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)171
TABLE 172MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)171
TABLE 173MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)171
TABLE 174MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)172
TABLE 175MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)172
TABLE 176MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)173
TABLE 177MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)173
TABLE 178MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)173
12.5.4KINGDOM OF SAUDI ARABIA174
12.5.4.1Use of advanced IT systems to generate demand174
12.5.5ISRAEL174
12.5.5.1Increased investments in IoT infrastructure to drive market174
12.5.6UNITED ARAB EMIRATES174
12.5.6.1Rising need for IIoT to fuel demand for security solutions174
12.5.7REST OF MIDDLE EAST & AFRICA174
12.5.7.1Growing technology sector to boost market174
12.6LATIN AMERICA175
12.6.1LATIN AMERICA: MARKET DRIVERS175
12.6.2LATIN AMERICA: RECESSION IMPACT175
12.6.3LATIN AMERICA: REGULATORY LANDSCAPE175
TABLE 179LATIN AMERICA: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)175
TABLE 180LATIN AMERICA: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)176
TABLE 181LATIN AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)176
TABLE 182LATIN AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)177
TABLE 183LATIN AMERICA: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)177
TABLE 184LATIN AMERICA: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)177
TABLE 185LATIN AMERICA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)178
TABLE 186LATIN AMERICA: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)178
TABLE 187LATIN AMERICA: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)178
TABLE 188LATIN AMERICA: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)179
TABLE 189LATIN AMERICA: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)179
TABLE 190LATIN AMERICA: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)180
TABLE 191LATIN AMERICA: IOT SECURITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)180
TABLE 192LATIN AMERICA: IOT SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)180
12.6.4BRAZIL181
12.6.4.1Government support for IoT to boost market181
TABLE 193BRAZIL: IOT SECURITY MARKET, BY OFFERING, 2018–2022 (USD MILLION)181
TABLE 194BRAZIL: IOT SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)181
TABLE 195BRAZIL: IOT SECURITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION)181
TABLE 196BRAZIL: IOT SECURITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)182
TABLE 197BRAZIL: IOT SECURITY MARKET, BY SERVICE, 2018–2022 (USD MILLION)182
TABLE 198BRAZIL: IOT SECURITY MARKET, BY SERVICE, 2023–2028 (USD MILLION)182
TABLE 199BRAZIL: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)183
TABLE 200BRAZIL: IOT SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)183
TABLE 201BRAZIL: IOT SECURITY MARKET, BY TYPE, 2018–2022 (USD MILLION)183
TABLE 202BRAZIL: IOT SECURITY MARKET, BY TYPE, 2023–2028 (USD MILLION)183
TABLE 203BRAZIL: IOT SECURITY MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION)184
TABLE 204BRAZIL: IOT SECURITY MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION)184
 
12.6.5MEXICO184
12.6.5.1Increasing adoption of IoT to drive demand for security solutions184
12.6.6REST OF LATIN AMERICA185
12.6.6.1Mandatory use of IoT in business processes to fuel market185
13COMPETITIVE LANDSCAPE186
13.1OVERVIEW186
13.2KEY PLAYER STRATEGIES186
TABLE 205OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN IOT SECURITY MARKET186
13.3HISTORICAL REVENUE ANALYSIS187
FIGURE 31HISTORICAL REVENUE ANALYSIS, BY VENDOR, 2020–2022187
13.4MARKET SHARE ANALYSIS OF TOP PLAYERS188
TABLE 206IOT SECURITY MARKET: DEGREE OF COMPETITION188
13.5COMPANY MARKET RANKING ANALYSIS188
FIGURE 32RANKING OF KEY PLAYERS IN IOT SECURITY MARKET, 2023188
13.6EVALUATION QUADRANT MATRIX METHODOLOGY FOR KEY PLAYERS189
FIGURE 33EVALUATION QUADRANT MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE189
13.6.1STARS189
13.6.2EMERGING LEADERS189
13.6.3PERVASIVE PLAYERS190
13.6.4PARTICIPANTS190
FIGURE 34IOT SECURITY MARKET, COMPANY EVALUATION MATRIX, 2023190
13.7COMPANY FOOTPRINT ANALYSIS191
TABLE 207COMPANY PRODUCT FOOTPRINT191
TABLE 208COMPANY APPLICATION FOOTPRINT192
TABLE 209COMPANY SECURITY TYPE FOOTPRINT193
TABLE 210COMPANY REGION FOOTPRINT194
13.8EVALUATION QUADRANT MATRIX METHODOLOGY FOR STARTUPS/SMES195
FIGURE 35EVALUATION QUADRANT MATRIX FOR STARTUPS/SMES: CRITERIA WEIGHTAGE195
13.8.1PROGRESSIVE COMPANIES195
13.8.2RESPONSIVE COMPANIES195
13.8.3DYNAMIC COMPANIES195
13.8.4STARTING BLOCKS196
FIGURE 36IOT SECURITY MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2023196
13.9COMPETITIVE SCENARIO197
13.9.1PRODUCT LAUNCHES197
TABLE 211IOT SECURITY MARKET: PRODUCT LAUNCHES, JANUARY 2021–MAY 2023197
13.9.2DEALS198
TABLE 212IOT SECURITY MARKET: DEALS, JANUARY 2021–MAY 2023198