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Global iot security market size is expected to reach $26.82 Bn by 2028 at a rate of 31.9%, segmented as by type, network security, endpoint security, application security, cloud security, other types<br>
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IoT Security Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
IoT Security Market Segments The Business Research Company segments it’s IoT Security market report as: Network Security, Endpoint Security, Application Security, Cloud Security, Other Types By Type By Component Solution, Services By Application Healthcare & Life Sciences, Infrastructure & Cities, Industrial System & Sensors, Smart Home & Consumer, Transport & Urban Mobility
Market Statistics The IoT security market size has grown exponentially in recent years. It will grow from $6.73 billion in 2023 to $8.86 billion in 2024 at a compound annual growth rate (CAGR) of 31.8%. The IoT security market size is expected to see exponential growth in the next few years. It will grow to $26.82 billion in 2028 at a compound annual growth rate (CAGR) of 31.9%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The increased number of cyberattacks is expected to drive the market growth of IoT security. Trends Lack of awareness regards the importance of IoT security and risk-mitigating measures among the people may hinder the IoT security market growth. • Region The Asia-Pacific was the largest region in the Internet of Things IoT security market in 2023. The regions covered in the IoT security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Market Players • Major players in the IoT Security market are: • AT&T Inc • Huawei Technologies Co. Ltd • Siemens AG • Intel Corporation • International Business Machines Corporation And more. Get More Information On The IoT Security Market Report
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