The CAGR of IoT Security Market is Estimated to Grow at 23.2% Over the Forecast Years (2019 – 2027), Owing to the Need for Preventing the Plethora of Consumer Data Breach Methods: Says Absolute Markets Insights
According to new research report on Global IoT Security Market is projected to grow at a 23.2% of CAGR during forecast period 2019-2027.
With the growing incidences of misuse of consumer data, the necessity for IoT data protection and privacy has become evident. As the most harmless and mundane household devices gather personal data about users’ day-to-day lives, it has become crucial to secure the data generated through IoT systems.
In terms of revenue, the IoT security market stood at US$ 2,239.8 Mn in 2018 and is anticipated to reach US$ 14,741.0 Mnby 2027, expanding at a CAGR of 23.2% from 2019 – 2027. This research study aims at providing the reader with quantitative and qualitative analysis of global IoT Security Market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The supply side analysis covers the prominent players and their regional and global presence and key business strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
SecureRF is listed as one of the primary players in the IoT security market.
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