The Future of IoT Security

Information Technology The Future of IoT Security

Technology Strategies for Securing Connectivity, Devices, Data, Applications and Networks from Cyberthreats


RELEASE DATE
10-Oct-2023
REGION
Global
DELIVERABLE TYPE
Market Research

RESEARCH CODE
K95C-01-00-00-00
SKU
IT_2023_206
Yes
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The Future of IoT Security
Published on: 10-Oct-2023 | SKU: IT_2023_206

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IoT security refers to cybersecurity measures taken to protect connected devices and networks. With the increasing volume of data being transmitted from external sources and the larger attack surface in the IoT era, the need for robust security solutions has become crucial for reliable IoT operations.

Malfunctioning or compromised IoT devices, whether malicious or accidental, can pose significant risks to consumers, businesses, and societies. Limited compute and storage capabilities, high volumes of data, and industry fragmentation present unique challenges in securing the IoT.

The demand for IoT security is driven by the increasing internet penetration and rapid technological advancements that have enabled high-speed internet connectivity.

Key Features

To be a component of the Internet-of-Things (IoT) Frost & Sullivan considers any product, application, or service that is a part of a larger solution that comprises these 4 elements:

  • Objects that are virtualized and imbued with data measurement capabilities
  • The ability to grant identities to physical and virtual objects
  • Interconnections between these objects for monitoring and interaction
  • The ability to generate real-time insights from data and incorporate them into existing business processes

The analytics covers the following:

  • Key IoT security strategies: overview, current trends, and recent developments
  • Profiles of top tech companies in the ecosystem
  • Drivers and restraints for market growth
  • Forecasts of IoT security by type and by segment
  • Growth opportunities for market participants

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Internet of Things (IoT) Security Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Definition of IoT

IoT Devices Forecast

IoT Devices Forecast by Application

IoT Security: Ecosystem Components—Global, 2023

Overview of IoT Security

Overview of IoT Security (continued)

Overview of IoT Security (continued)

Importance of Device Discovery, Threat Detection, and Incident Response for IoT Security

Key Attributes for Device Protection in IoT Security

Process Simplification, Consumer Empowerment, and Ongoing Protection for Effective IoT Security

Essential Processes and Security Functions for Device Lifecycle Protection

Risks and Threats in IoT Security

Challenges of IoT Security

Common IoT Security Vulnerabilities

IoT Malware Attacks Worldwide

Share of IoT Device Vulnerability—2021

Key IoT Security Strategies

Top IoT Security Trends

Recent Developments in IoT Security

Scope of Analysis

Segmentation by Type

Segmentation by Segment

Key Competitors by Segment

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Type

Revenue Forecast by Segment

Revenue Forecast Analysis

Revenue Forecast Analysis by Type

Revenue Forecast Analysis by Segment

Microsoft

AWS

IBM

Palo Alto Networks

Telefónica Tech

HPE Aruba Networking

Fortinet

Thales

Growth Opportunity 1: Integration of AI, ML, and Blockchain into IoT Security Solutions

Growth Opportunity 1: Integration of AI, ML, and Blockchain into IoT Security Solutions (continued)

Growth Opportunity 2: IoT Cloud Security

Growth Opportunity 2: IoT Cloud Security (continued)

Growth Opportunity 3: IoT Network Security

Growth Opportunity 3: IoT Network Security (continued)

Growth Opportunity 4: IoT Software Security

Growth Opportunity 4: IoT Software Security (continued)

Growth Opportunity 5: IoT Managed Services Security

Growth Opportunity 5: IoT Managed Services Security (continued)

Growth Opportunity 6: IoT Enterprise Security

Growth Opportunity 6: IoT Enterprise Security (continued)

Growth Opportunity 7: IIoT Security

Growth Opportunity 7: IIoT Security (continued)

Definition

List of Exhibits

Legal Disclaimer

List of Figures
  • IoT Devices Forecast, Global, 2018–2027
  • IoT Devices Forecast by Application, Global, 2018–2027
  • Annual Number of IoT Cyberattacks in Million, Global, 2018–2022
  • IoT Security: Growth Metrics, Global, 2022
  • IoT Security: Growth Drivers, Global, 2023–2028
  • IoT Security: Growth Restraints, Global, 2023–2028
  • IoT Security: Revenue Forecast, Global, 2022–2028
  • IoT Security: Revenue Forecast by Type, Global, 2022–2028
  • IoT Security: Revenue Forecast by Segment, Global, 2022–2028

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IoT security refers to cybersecurity measures taken to protect connected devices and networks. With the increasing volume of data being transmitted from external sources and the larger attack surface in the IoT era, the need for robust security solutions has become crucial for reliable IoT operations. Malfunctioning or compromised IoT devices, whether malicious or accidental, can pose significant risks to consumers, businesses, and societies. Limited compute and storage capabilities, high volumes of data, and industry fragmentation present unique challenges in securing the IoT. The demand for IoT security is driven by the increasing internet penetration and rapid technological advancements that have enabled high-speed internet connectivity.--BEGIN PROMO--

Key Features

To be a component of the Internet-of-Things (IoT) Frost & Sullivan considers any product, application, or service that is a part of a larger solution that comprises these 4 elements:

  • Objects that are virtualized and imbued with data measurement capabilities
  • The ability to grant identities to physical and virtual objects
  • Interconnections between these objects for monitoring and interaction
  • The ability to generate real-time insights from data and incorporate them into existing business processes

The analytics covers the following:

  • Key IoT security strategies: overview, current trends, and recent developments
  • Profiles of top tech companies in the ecosystem
  • Drivers and restraints for market growth
  • Forecasts of IoT security by type and by segment
  • Growth opportunities for market participants
More Information
Deliverable Type Market Research
Author Constanza Ingaramo
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 IoT Security Market Analysis
Keyword 2 Cybersecurity for IoT Devices
Keyword 3 IoT Security Technologies Overview
List of Charts and Figures IoT Devices Forecast, Global, 2018–2027~ IoT Devices Forecast by Application, Global, 2018–2027~ Annual Number of IoT Cyberattacks in Million, Global, 2018–2022~ IoT Security: Growth Metrics, Global, 2022~ IoT Security: Growth Drivers, Global, 2023–2028~ IoT Security: Growth Restraints, Global, 2023–2028~ IoT Security: Revenue Forecast, Global, 2022–2028~ IoT Security: Revenue Forecast by Type, Global, 2022–2028~ IoT Security: Revenue Forecast by Segment, Global, 2022–2028~
Podcast No
WIP Number K95C-01-00-00-00