The global IoT security market is expected to reach a market size of USD 88.09 Billion by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the IoT Security market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market. Increasing regulations for IoT security is expected to further propel the global IoT security market growth over the forecast period. Rising emphasis among governments of developing countries for development of smart cities is also expected to boost growth of the global IoT security market during the forecast period.

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The researchers have considered all the factors influencing the growth of the IoT Security market on the global and regional scale. . The report also offers a current and future impact of the COVID-19 pandemic on the market. The report considers the COVID-19 pandemic as one of the key influencing factors of the IoT Security market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the IoT Security market and its key segments

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Emergen Research has segmented the global IoT security market on the basis of type, component, end-use.

• Type Outlook (Revenue, USD Billion; 2021–2028)
  • Network Security
  • Application Security
• Component Outlook (Revenue, USD Billion; 2021–2028)
  • Services
    1. Managed Services
    2. Professional Services
  • Solutions
    1. Data Loss Protection
    2. Others
  • End-use Outlook (Revenue, USD Billion; 2021–2028)
    • Manufacturing
    • Defense

The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the IoT Security market. Key players in the market include International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Siemens AG, Infineon Technologies AG, Broadcom Inc., Fortinet Inc., Palo Alto Networks, Inc., Mocana Corporation, and Karamba Security Ltd.

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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