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Internet of Things (IoT) Integration Market to Reach $29 Billion by 2022 - Analysis by Service, Organization Size, Application Area & Region - Research and MarketsThe "Internet of Things (IoT) Integration Market - Global Forecast to 2022" report has been added to Research and Markets' offering. The IoT security market size is forecast to grow from USD 6.62 Billion in 2017 to USD 29.02 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 34.4%. The increasing ransomware attacks on IoT systems, securing the ubiquitous environment, and increasing need for data-centric security are some of the driving factors for the growth of Internet of Things (IoT) security market. The IoT security market is segmented by type, solution, service, application area, and region. The service segment is expected to grow at a higher CAGR than the solution segment during the forecast period because services help organizations to easily deploy the software on the cloud. The services segment is further categorized into professional services and managed services. Furthermore, the professional services segment is classified into consulting service, support and maintenance, and integration services. The integration service segment is growing at a rapid pace as compared to the other professional service segments, owing to the lack of standardization and increase in diverse protocols, and connectivity of technologies and devices. The data encryption and tokenization solution is the fastest growing solution in the IoT security market, as the problems of data breach and data thefts are increasing in enterprises. Moreover, as numerus devices are connected to each other in an IoT system, the security of data becomes complex due to the non-standardization and non-compatibility of devices. Due to such humungous connectivity, it has become easier for hackers/attackers to perform malicious activities by finding an unsecured link. Thus, IoT security solution vendors are investing large capitals in Research and Development (R&D) of security solutions, as data security is also one of the major challenges faced by organizations while deploying IoT solutions. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview And Industry Trends 6 IoT Integration Market Analysis, By Service 7 IoT Integration Market Analysis, By Organization Size 8 IoT Integration Market Analysis, By Application Area 9 Geographic Analysis 10 Competitive Landscape 11 Company Profiles 12 Appendix For more information about this report visit https://www.researchandmarkets.com/research/8rrght/internet_of View source version on businesswire.com: http://www.businesswire.com/news/home/20170718005852/en/ |
