Global Internet of Things (IoT) Security Market Size, Trends & Growth Opportunity, By Component (Solution, and Service), By Type (Network Security, Endpoint Security, Application Security, Cloud Security), By Application (Smart Manufacturing, Smart Energy & Utilities, Connected Logistics, Smart Home and Consumer Electronics, Connected Healthcare, Connected Vehicles), By Region and Forecast till 2027
Global Internet of Things (IoT) Security Market
The global Internet of Things (IoT) Security market was valued at USD 14.9 billion in 2021 and it is expected to reach at USD 40.98 billion in 2027 at a CAGR of 22.3 % during forecast period 2022-2027.
Internet of Things (IoT) security is a technology which connects devices including industrial machinery and consumer items to a network allowing data collecting and software management of these systems to impel effectiveness and allow new services. It is helpful to develop smart communications environments including smart shopping, smart healthcare, smart housing as well as smart transport. 
Market Drivers
Increase in number or IoT security regulation among developing countries is the key driving factor which is expected to boost the global internet of things (IoT) security market growth. Furthermore, rise in malware and phishing threats among different organizations will positively contribute the market growth. Moreover, increase in need for IoT security solution and adoption of Internet Of Things (IoT) security solutions by developing countries will propel the market growth in near future. In addition to that, rise in use of 3G and 4G long-term evolution (LTE) and wireless networks and technologies is augmenting risks of cyber attacks which is expected to fuel the internet of things (IoT) security market growth during this forecast period.
Market Restraints
However, lack of awareness about benefits and availability of IoT security solutions is the major challenging factor which is expected to hinder the global internet of things (IOT) security market growth. Also, high cost of installation and lack of expertise in technical handling will affect the market growth during this analysis period.
COVID-19 Impact 
Due to outbreak of covid-19 as government announce lockdown and quarantine because of  fear of virus as peoples are not steeping out from homes remote working ,video streaming is enhance where cybersecurity is a major factor required  which fuels the growth of market.
Recent development 
In 2021, AWS launch AWS IoT Device Defender which  detect behavior anomalies which allows customers to use The Audit One-Click feature with preset configurations enabling all available audit checks and a daily audit schedule.Cisco and Telstra paterned  and continue their bridge regions with the powerful loT network to help various industries, including retail, financial, and government.
In 2020, Argus Cyber Security paterned with  Microsoft Azure IoT and joined the Microsoft partner network to prove vehicle manufacturers the ability to monitor, detect, and mitigate attacks in the cloud. 
Market Segmentation
Global Internet of Things (IoT) Security Market is segmented into component such as Solution, and Service, by deployment mode such as On-Premise, and Cloud, by type such as Network Security, Endpoint Security, Application Security, Cloud Security, and Others. Further, market is segmented into application such as Smart Manufacturing, Smart Energy & Utilities, Connected Logistics, Smart Home and Consumer Electronics, Connected Healthcare, Connected Vehicles, and Others.
Also, Global Internet of Things (IoT) Security Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as CISCO, IBM, INTEL, INFINEON, NORTONLIFELOCK, GEMALTO, ALLOT, FORTINET, and ZINGBOX
Market Taxonomy
By Component
• Solution
• Service
By Deployment Mode
• On-Premise
• Cloud
By Type
• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Others
By Application
• Smart Manufacturing
• Smart Energy & Utilities
• Connected Logistics
• Smart Home and Consumer Electronics
• Connected Healthcare
• Connected Vehicles
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Internet of Things (IoT) Security Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

I
 

Global Internet of Things (IoT) Security Market TOC 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Internet of Things (IoT) Security Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Internet of Things (IoT) Security Market, By Component
5.1 Y-o-Y Growth Comparison, By Component 
5.2 Global Internet of Things (IoT) Security Market Share Analysis, By Component 
5.3 Global Internet of Things (IoT) Security Market Size and Forecast, By Component
5.3.1 Solution
5.3.2 Services
6 Global Internet of Things (IoT) Security Market, By Deployment Mode
6.1 Y-o-Y Growth Comparison, By Deployment Mode
6.2 Global Internet of Things (IoT) Security Market Share Analysis, By Deployment Mode
6.3 Global Internet of Things (IoT) Security Market Size and Forecast, By Deployment Mode
6.3.1 On-Premise
6.3.2 Cloud
7 Global Internet of Things (IoT) Security Market, By Type
7.1 Y-o-Y Growth Comparison, By Type
7.2 Global Internet of Things (IoT) Security Market Share Analysis, By Type
7.3 Global Internet of Things (IoT) Security Market Size and Forecast, By Type
7.3.1 Network Security
7.3.2 Endpoint Security
7.3.3. Application Security
7.3.4. Cloud Security
7.3.5.Others
8 Global Internet of Things (IoT) Security Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Internet of Things (IoT) Security Market Share Analysis, By Application
8.3 Global Internet of Things (IoT) Security Market Size and Forecast, By Application
8.3.1 Smart Manufacturing
8.3.2 Smart Energy & Utilities
8.3.3 Connected Logistics
8.3.4. Smart Home and Consumer Electronics
8.3.5. Connected Healthcare
8.3.6Connnected Vehicles
8.3.7.Others
9Global Internet of Things (IoT) Security Market, By Region
9.1 Global Internet of Things (IoT) Security Market Share Analysis, By Region
9.2 Global Internet of Things (IoT) Security Market Share Analysis, By Region
9.3 Global Internet of Things (IoT) Security Market Size and Forecast, By Region
10 North America Internet of Things (IoT) Security Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Internet of Things (IoT) Security Product Market Share Analysis, By Component
10.3 North America Internet of Things (IoT) Security Product Market Size and Forecast, By Deployment Mode
10.4 North America Internet of Things (IoT) Security Product Market Size and Forecast, By Type
10.5 North America Internet of Things (IoT) Security Product Market Size and Forecast, By Application
10.6 North America Internet of Things (IoT) Security Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11Europe Internet of Things (IoT) Security Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Internet of Things (IoT) Security Product Market Share Analysis, By Component 
11.3 Europe Internet of Things (IoT) Security Product Market Size and Forecast, By Deployment Mode 
11.4 Europe Internet of Things (IoT) Security Product Market Size and Forecast, By Type
11.5 Europe Internet of Things (IoT) Security Product Market Size and Forecast, By Application
11.6 Europe Internet of Things (IoT) Security Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12Asia Pacific Internet of Things (IoT) Security Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Internet of Things (IoT) Security Product Market Share Analysis, By Component 
12.3 Asia Pacific Internet of Things (IoT) Security Product Market Size and Forecast, By Deployment Mode  
12.4 Asia Pacific Internet of Things (IoT) Security Product Market Size and Forecast, By Type
12.5 Asia Pacific Internet of Things (IoT) Security Product Market Size and Forecast, By Application
12.6 Asia Pacific Internet of Things (IoT) Security Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Internet of Things (IoT) Security Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Internet of Things (IoT) Security Product Market Share Analysis, By Component 
13.3 Latin America Internet of Things (IoT) Security Product Market Size and Forecast, By Deployment Mode 
13.4 Latin America Internet of Things (IoT) Security Product Market Size and Forecast, By Type
13.5 Latin America Internet of Things (IoT) Security Product Market Size and Forecast, By Application
13.6 Latin America Internet of Things (IoT) Security Product Market Size and Forecast, By Country
14Middle East Internet of Things (IoT) Security Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Internet of Things (IoT) Security Product Market Share Analysis, By Component 
14.3 Middle East Internet of Things (IoT) Security Product Market Size and Forecast, By Deployment Mode 
14.4 Middle East Internet of Things (IoT) Security Product Market Size and Forecast, By Type
14.5 Middle East Internet of Things (IoT) Security Product Market Size and Forecast, By Application
14.6 Middle East Internet of Things (IoT) Security Product Market Size and Forecast, By Country
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16Company Profiles
16.1  CISCO
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 IBM
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 INTEL
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 INFINEON
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 NORTONLIFELOCK
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 GEMALTO
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 ALLOT
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies 
16.8 FORTINET
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies 
16.9 ZINGBOX
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies