IoT Security Market Outlook 2019 – Explains the impact of COVID-19, emerging technologies, share and future growth, size, dynamic analysis and development suggestions and forecast till 2027

Major Key Vendors Covered in IoT Security Market Research Report are Cisco Systems Inc. (California, United States), IBM Corporation (New York, United States), Intel Corporation (California, United States) , Thales Group (Gemalto) (La Défense, France), Forgerock (California, United States), Infineon Technologies AG (Neubiberg, Germany), Mocana Corporation (California, United States), NortonLifeLock Inc. (Arizona, United States ), Allot Ltd. (Hod Hasharon, Israel), Fortinet, Inc. (California, United States), New Sky Internet Limited (Hong Kong), others.

Pune, India, December 21, 2021 (GLOBE NEWSWIRE) – The world IoT Security Market The size is expected to reach USD 20,776.1 million by 2027, showing an excellent CAGR of 32.3% during the forecast period. The growing implementation of blockchain technology for enhanced security will have a massive effect on market growth, says Fortune Business Insights, in a report titled “IoT Security Market Size, Share & COVID-19 Impact Analysis, By Component (Software & Services), By Company Size (SMB & Large Enterprises), By Deployment (Cloud & On-Premises), By Type Of product (network security, endpoint security, application security, cloud security and others), by application (smart home, smart manufacturing, connected logistics, connected healthcare, smart retail and others), by industry of use final (Consumer IoT, Manufacturing, Retail, IT & Telecommunications, BFSI, Government, Transportation & Automotive, Energy & Utilities, Healthcare & Others) and Regional Forecast, 2020-2027. The market size was USD 2,221.0 million in 2019.

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The IoT Security Market Report encompasses:

  • Comprehensive analysis of dominant regions

  • Key factors and constraints

  • Latest trends

  • Key information about leading players

  • Aerial view of the COVID-19 situation

Key development:

January 2020: Mocana Corporation announced its collaboration with Automotive Grade Linux (AGL), an open source project of the Linux Foundation to strengthen the security of connected and autonomous vehicles.

Lists of Key IoT Security Market Companies:

  • Cisco Systems Inc. (California, United States)

  • IBM Corporation (New York, United States)

  • Intel Corporation (California, United States)

  • Thales Group (Gemalto) (La Défense, France)

  • Forgerock (California, United States)

  • Infineon Technologies AG (Neubiberg, Germany)

  • Mocana Corporation (California, United States)

  • NortonLifeLock Inc. (Arizona, United States)

  • Allot Ltd. (Hod Hasharon, Israel)

  • Fortinet, Inc. (California, United States)

  • New Sky Internet Limited (Hong Kong)

Scope and segmentation of the report

Cover of the report


Forecast period

2020 to 2027

Forecast period 2020 to 2027 CAGR


2027 value projection

$ 20,776.1 million

Year of reference


Market size in 2019

$ 2,221.0 million

Historical data for

2016 to 2018

Number of pages


Covered segments

Component, Deployment, Company Size, Product Type, End User Industry, Application, Geography

Growth drivers

Increased security concerns associated with malware attacks to increase growth

Switch to smart connected devices to uplift the market amid coronavirus

Government initiatives on the rise to propel the market in Europe

Market engine:

Increased security concerns associated with malware attacks to increase growth

Growing malware attacks on IoT devices are expected to fuel demand for IoT security in the years to come. For example, Telnet, Mirai, and Denial of Service (DDoS) attacks have become common. Mirai malware can penetrate and attack corporate IoT devices such as digital display televisions (TVs) or wireless presentation systems. The growing need for security to prevent DDoS attacks by hackers will allow the market to expand rapidly. In addition, the escalation of malware attacks will lead to IoT network security solutions among organizations.

Switch to smart connected devices to uplift the market amid coronavirus

The inclination towards machine learning, artificial intelligence, will influence the healthy growth of the market during the coronavirus. Improvements in vehicles and controlled devices will simultaneously encourage the development of the market. Additionally, the growing demand for wireless connected devices in the healthcare industry may have a huge impact on the market amid COVID-19. In addition, AI can help obtain accurate data on the symptoms of COVID-19 in individuals, thereby promoting the reach of the market.

Regional analysis:

Government initiatives on the rise to propel the market in Europe

The IoT security market in Europe is expected to show a rapid CAGR in the coming years. The growth in the region is attributed to growing government support for robust security built into wireless products. For example, in October 2018, the government released the Consumer IoT Security Code of Practice. In addition, the government’s announcement of regulatory proposals will further promote healthy market growth. For example, in May 2019, the UK government launched a consultation on regulatory proposals for consumer connected device security.

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Detailed table of contents:

  • introduction

  • Key points to remember

  • Market dynamics

    • Macro and micro economic indicators

    • Drivers, constraints, opportunities and trends

    • Impact of COVID-19

      • Short term impact

      • Long term impact

  • Competition landscape

    • Business strategies adopted by key players

    • Consolidated SWOT analysis of the main players

    • PESTLE analysis

    • Porter’s Five Forces Analysis

    • Ecosystem analysis

    • Global Market Share Analysis and Matrix, 2019

  • Key market insights and strategic recommendations

  • Profiles of key players (Provided for key 10 players only)

    • Overview

      • Key management

      • Headquarters, etc.

    • Offers / business segments

    • Key details (Key details are subject to data availability in the public domain and / or on chargeable databases)

      • Employee size

      • Key financial data

        • Past and current income

        • Gross margin

        • Geographic share

        • Share of business segment

    • Recent developments

  • Answers to the main interview

  • Annex / Appendix

COT continues … !!!

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