Latest report Global Internet of Things Security Market 2016-2020 analysis key players like Cisco, GE, Infineon Technologies, Intel, Symantec.

Sandlerresearch.org includes new research report internet of things (IoT) security market in its store titled Global Internet of Things Security Market 2016-2020.

The global IoT security market is heavily fragmented due to the presence of many multinational vendors and small regional players. To survive and succeed in this market, the large vendors often acquire smaller vendors to expand their product portfolio and market share.

Also, it is of utmost importance for vendors to distinguish their product and service offerings through a clear and unique selling proposition as it will help them to survive in this competitive market.

Complete report available @ www.sandlerresearch.org/global-…-2020.html .

The market research analyst has estimated the global Internet of Things (IoT) security market to grow profoundly at a CAGR of over 55% by 2020. Much of this growth can be attributed to the rapid adoption of cloud-based services for video management systems, authentication processes, and storing biometrics information.

Since numerous organizations are using the cloud to store their confidential data, the need for security measures to secure the cloud against unauthorized access will increase significantly. The adoption of cloud-based services is increasing rapidly in SMEs as cloud-based services work on a pay-per-use model and offer flexibility and scalability to accommodate the varying needs of consumers.

Consequently, with the augmented use of cloud-based services for data storage purposes, the need for IoT security solutions will also increase.

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The hardware segment will account for the largest share of the market during the forecast period and will post an impressive market value of more than USD 18 billion by 2020. Due to the recent increase in sales of hardware security components, the revenue of this market segment will increase.

Also, factors such as the rapid adoption of firewall and IDP hardware for integrated security of network infrastructures will also aid in the growth of this market segment during the forecast period.

Key vendors in this market are -

Cisco

GE

Infineon Technologies

Intel

Symantec

Other prominent vendors

Axeda Machine Cloud

Broadcom

Digi International

Ericsson

Eurotech

Fortinet

Gemalto

IBMKore Wireless

NetComm Wireless

NokiaNumerex

Palo Alto Networks

Rockwell Automation

Secure Crossing

Sierra Wireless

Sophos

Systech Solutions

Telit

Tofino

Ventus Wireless

List of Exhibits

Exhibit 01: IoT security features and their implementation

Exhibit 02: Evolution of IoT from M2M

Exhibit 03: Growing opportunities with IoT

Exhibit 04: Value chain analysis

Exhibit 05: Global IoT security market

Exhibit 06: Global IoT security market 2015-2020 ($ billions)

Exhibit 07: Life cycle analysis

Exhibit 08: Segmentation of global IoT security market by end-users 2015-2020

Exhibit 09: Global IoT security market by utilities sector 2015-2020 ($ billions)

Exhibit 10: Global IoT security market by automotive sector 2015-2020 ($ billions)

Exhibit 11: Global IoT security market by healthcare sector 2015-2020 ($ billions) and more..