Global IoT Security and Privacy Market 2021-2026

The “Global IoT Security and Privacy Market by Infrastructure, Solution, Deployment and Industry Verticals 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

This report assesses the current state of IoT security and privacy, analyzes current challenges, and evaluates potential opportunities. The report also looks at the need for security for IoT in different areas and identifies existing and needed solutions.

The report assesses the specific hardware and software solutions required to ensure IoT security and privacy. It also identifies market opportunities by security type across the ecosystem. The report also evaluates the impact of IoT security technologies on different industry verticals.

Select Report Findings

The overall security in IoT market will reach $52.3 billion globally by 2026
Distributed denial of service protection for IoT systems will reach $1.58 globally by 2026
Driven largely by commercial retrofits, IoT security in smart buildings will reach $4.55 globally by 2026
The largest deployment mode, cloud-based IoT security solutions will reach $30.33 billion globally by 2026
Network security will remain the largest global component through 2026, greater than end-point or application security

IoT networks and systems often represent a multi-vendor, multi-nodal and distributed environment and are therefore more prone to cyberattacks by virtue of many points of attack. Major concerns include illegal capture and abuse of IoT data which includes users’ activities, personal health or financial information, location of assets (humans, equipment, vehicles, etc.), corporate and personal information.

Industrial IoT (IIoT) is an emerging category of IoT which has been appreciated worldwide for its usability in streamlining business with real time analysis. The devices and things used in IIoT are very special and specific to industry needs. For example, sensors used in oil wells and mines are uniquely processed to adapt and stay working in severe conditions such as high temperature, low pressure, etc.

Similar requirements could be in factories where devices, gateways and sensors will be connected to high temperature boilers to cold cutting machines. In IIoT sensors and devices are attached to many missions’ critical machines or tools that cannot afford to stop working and need to work continuously. These sensors and edge devices are designed in such a way that they should remain unmonitored and away from physical interference for years.

The analyst sees investments associated with securing IoT growing at a rapid pace throughout this decade. Their most recent studies indicate rapidly growing awareness among enterprise, industrial and government sectors about the importance of securing their products and applications from malicious attacks. Moreover, the will and budgetary commitment to take actions is increasing among market leaders.

IoT Security Market Drivers