As per the research conducted by Inkwood Research, the global IoT security market is projected to register a CAGR of 21.99% between 2021 and 2026, and is anticipated to generate revenue of $39230 million by 2026. IoT (Internet of Things) has become a critical component of digitization across different industries. From manufacturing to shopping to travel, there is increasing involvement of IoT in almost all the steps of the process. GLOBAL IOT SECURITY MARKET FORECAST... Read more
The Asia Pacific IoT security market is projected to record a CAGR of 23.68% during the forecast period, 2021-2026. The increasing penetration of the internet, the growing usage of mobile data, the rising trend of BYOD, the increasing volume of data, and the shift towards digitization, are the key factors propelling the market growth. China, South Korea, Japan, Singapore, Thailand, India, Australia & New Zealand, Indonesia, and the rest of Asia Pacific, are analyzed for the... Read more
The Europe IoT security market is predicted to project a CAGR of 21.30% during the forecast period, 2021-2026. The major factors driving the market growth include the increasing number of mobile workforces, advanced persistent threats (APTs), and the adoption of cloud-based services. The region also offers high-speed connectivity and numerous quality online services. The United Kingdom, Russia, France, Italy, Poland, Germany, Belgium, and the rest of Europe, are assessed for the Europe IoT security market growth... Read more
The North America IoT security market is set to record a CAGR of 21.32% during the forecast period, 2021-2026. The diverse emerging applications, like human resources, forecasting, decision making, marketing, etc., is a major driver of market growth in the region. Canada and the United States are assessed for the North America IoT security market growth analysis. The US benefits from technological advancements. The IoT security, along with other technologies, have carved a decisive space in... Read more
The United States IoT security market is set to grow at a CAGR of 21.15% during the forecast period, 2021-2026. The primary factors influencing the growth of the market in the United States include the rising cyberattacks, the high adoption of advanced technologies, and the increasing number of connected devices. The base year considered for the study is 2020. The US is considered to be one of the dominant regions for IoT deployment. The country is... Read more