United States Internet of Things Security Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 20.1 Billion by 2030, growing at a CAGR of 39.2% from 2024 to 2030.
The US Internet of Things (IoT) security market is rapidly expanding as more industries adopt IoT devices for automation, connectivity, and data collection. The growing need for secure and reliable networks has led to an increasing demand for robust IoT security solutions. Businesses across various sectors, from healthcare to manufacturing, are now prioritizing IoT security to protect their critical infrastructure from emerging cyber threats. As IoT adoption increases, so does the necessity for advanced security protocols to ensure data privacy and system integrity.
One key factor driving the growth of the IoT security market is the rising number of connected devices in everyday life. It is estimated that by 2025, there will be over 75 billion IoT devices globally, creating more points of entry for cybercriminals. Consequently, industries need to implement comprehensive security measures to safeguard their systems and mitigate the risk of data breaches. IoT security solutions must address unique challenges such as device authentication, data encryption, and vulnerability management.
Industries have specific requirements when it comes to IoT security. For example, healthcare organizations need IoT security to protect patient data and ensure compliance with regulations like HIPAA. In the manufacturing sector, where IoT devices control vital equipment and production lines, security vulnerabilities can lead to costly downtimes and intellectual property theft. The energy sector also requires robust IoT security solutions to protect critical infrastructure such as power grids from cyber-attacks that could disrupt service on a large scale.
As more industries recognize the need for IoT security, the market is seeing an increase in the adoption of artificial intelligence (AI) and machine learning (ML) to detect and mitigate security risks in real-time. These advanced technologies enable automated threat detection, reducing the workload for human security teams while enhancing the overall effectiveness of IoT security systems.
In conclusion, the US IoT security market continues to grow as industries seek solutions to protect their interconnected devices and networks. With increasing threats and a rapidly expanding IoT ecosystem, the demand for comprehensive security measures will only intensify, making IoT security an essential focus for organizations across all sectors.
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Check Point Security Software Technologies
Cisco Systems
Digicert
GE
Gemalto
Hewlett Packard Development Company
Infineon Technologies
Intel
IBM
NSIDE Secure
PTC
Sophos
Symantec Corporation
Trend Micro
Trustwave
Verizon Enterprise Solutions
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Internet of Things Security Market
On-Premise
Cloud-Based
Network Security
Endpoint Security
Application Security
Cloud Security
Data Security
Identity & Access Management (IAM)
Data Loss Prevention (DLP)
Encryption
Security Information and Event Management (SIEM)
Intrusion Detection System (IDS) & Intrusion Prevention System (IPS)
Healthcare
Manufacturing
Transportation & Logistics
Energy & Utilities
Retail
IT & Telecommunications
Smart Cities
Automotive
Hardware
Software
Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Internet of Things Security Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Internet of Things Security Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Internet of Things Security Market, By Type
6. US Internet of Things Security Market, By Application
7. US Internet of Things Security Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Internet of Things Security Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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