Global Internet Of Things Security Market 2016-2020
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Global Internet Of Things Security Market 2016-2020 
The market research analyst has estimated the global Internet of Things (IoT) security market to grow profoundly at a CAGR of over 55% by 2020.
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Much of this growth can be attributed to the rapid adoption of cloud-based services for video management systems, authentication processes, and storing biometrics information. Since numerous organizations are using the cloud to store their confidential data, the need for security measures to secure the cloud against unauthorized access will increase significantly. The adoption of cloud-based services is increasing rapidly in SMEs as cloud-based services work on a pay-per-use model and offer flexibility and scalability to accommodate the varying needs of consumers. Consequently, with the augmented use of cloud-based services for data storage purposes, the need for IoT security solutions will also increase.
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Global Internet Of Things Security Market 2016-2020 
An important factor that will impel the prospects for growth in this market is the advent of integrated security solutions. The preference for IoT security solutions among end users is increasing as they provide overall security to devices and networks. As stand-alone IoT security solutions are extremely costly, many end users prefer integrated IoT security solutions as it provides better support and functionality to the customers. Furthermore, with the integration of IoT security solutions with data loss prevention (DLP) and firewalls, the overall cost of owning IoT security solutions will decrease.
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End-user segmentation and analysis of the IoT security market: Utilities, Automotive, Healthcare
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Among all the end users, the utilities sector will witness the highest adoption of IoT security solutions during the forecast period. Much of this growth can be attributed to the extensive implementation of smart meters and IoT for utility management systems like water, oil, gas, and energy. Since the transmission of data through wireless networks in such utilities are prone to cyber-attacks, the need for IoT security solutions in this sector will increase. An extensive market study carried out by the analysts has shown that the utilities sector will grow at a CAGR of nearly 54% by 2020.
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Global Internet Of Things Security Market 2016-2020
The global IoT security market is heavily fragmented due to the presence of many multinational vendors and small regional players. To survive and succeed in this market, the large vendors often acquire smaller vendors to expand their product portfolio and market share. Also, it is of utmost importance for vendors to distinguish their product and service offerings through a clear and unique selling proposition as it will help them to survive in this competitive market.
Key vendors in this market are – Cisco, GE, Infineon Technologies, Intel, Symantec
Other prominent vendors in this market are Axeda Machine Cloud, Broadcom, Digi International, Ericsson, Eurotech, Fortinet, Gemalto, IBM, Kore Wireless, NetComm Wireless, Nokia, Numerex, Palo Alto Networks, Rockwell Automation, Secure Crossing, Sierra Wireless, Sophos, Systech Solutions, Telit, Tofino, and Ventus Wireless.
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Global Internet Of Things Security Market 2016-2020
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global IoT security market?
What are the key market trends impacting the growth of the IoT security market?
What are the challenges to market growth?
Who are the key vendors in the IoT security market?
What are the market opportunities and threats faced by the vendors in the IoT security market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the IoT security market?
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