IoT Security Market Research Report - Global Forecast till 2027

IoT Security Market Research Report: Information by Type (Network Security, Endpoint Security, Solution Security, and Cloud Security), Solution (Identity Access Management, Device Authentication and Management, Secure Communication, Security Analytics, Trusted Identification, Data Encryption and Tokenization, and Others), Technology (Facial Recognition, Iris Recognition, and Fingerprint Identification), Vertical (Retail, Manufacturing, Healthcare, Transportation, Energy & Utilities, IT and Telecommunication, BFSI, and Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America)—Forecast till 2027

ID: MRFR/ICT/1658-HCR | February 2021 | Region: Global | 100 pages

IoT Security Market Synopsis


The IoT security market is expected to register 32.6% CAGR during the forecast period to reach USD 42.92 billion by 2025. IoT security is needed to secure the Internet of Things devices (IoT devices) and the networks, to which these are connected. In any organization, IoT devices include industrial machines, smart energy grids, building automation, and personal IoT devices which employees use for work. It is estimated that approximately 75 billion connected devices will be present globally in 2025. With such huge number of IoT devices such as wearables, pacemakers, thermometers and smart plugs in the enterprises and the home, criminal minds can leverage them in cyber attacks. The vulnerabilities make these IoT devices more susceptible to cyber attacks as these devices can connect, which can form an IoT botnet.


The increasing number of cyberattacks on IoT systems is the major reason for boosting the growth of the market. According to Symantec, more than 90% of the 2018 IoT attacks exploited the Telnet protocol, up from 50% in 2017 as the IoT devices are older types of equipment which do not get replaced or updated rapidly. The major growth driver of IoT security market is the high adoption of cloud-based technology by organizations and government agencies. BFSI, healthcare, and manufacturing are increasingly shifting their traditional data storage methods towards cloud-based data storage thereby required high-security services. Another factor such as increasing digital data transmission via smartphones, evolving network services namely 3G, 4G has increased growth of digital technology thereby has increased vulnerability for data loss or cyber-attacks in telecommunication and high demand for IoT security services by healthcare sector is also driving growth in the market during forecast period 2019-2025.  However, lack of awareness about various available security methods and complex security infrastructure has projected to be some of the growth constraints for IoT security market.


Cyber solution companies are providing various security solutions to secure the use of IoT devices. Gemalto, a leading digital security provider offers secure element (SE) technology for automotive and utility sectors. This secure element technology protects advanced digital technology & life-cycle management by providing encryption and access control limitation over sensitive data. Another major market player, Microsoft Corporation, is also working to include BitLocker encryption & secure boot technology into its Window 10 IoT software.


IoT Security Market Segmentation


The global IoT security market has been segmented based on type, technology, solution, vertical, and region/country.


Based on type, the global IoT security market has been divided into network security, endpoint security, solution security, and cloud security.


Based on technology, the global IoT security market has been divided into facial recognition, iris recognition, and fingerprint identification.


Based on solution, the global IoT security market has been divided into identity access management, device authentication and management, secure communication, security analytics, trusted identification, data encryption and tokenization, and others.


Based on vertical, the global IoT security market has been divided into retail, manufacturing, healthcare, transportation, energy & utilities, IT and telecommunication, BFSI and others.


The global IoT security market has been analyzed for five regions—North America, Europe, Asia-Pacific, Middle East & Africa, and South America.


Regional Analysis


The global IoT security market is estimated to grow at a CAGR of 32.6% during the forecast period from 2019 to 2025. The geographic analysis of the global IoT security market has been conducted for North America, Europe, Asia-Pacific, Middle East & Africa, and South America.


North America accounted for the highest market share, owing to the enterprises deploying the IoT security solutions and services for securing the IoT devices and sensors. For analysis, the North American market has been segmented into the US, Canada, and Mexico. The US leads the market in North America as it is one of the most technologically advanced countries and also has implemented IoT on a large scale.


Asia-Pacific is anticipated to be the fastest-growing market during the review period due to the tremendous growth in the IoT data and the growing demand for advanced analytics. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific.


Competitive Analysis


The global IoT security market is witnessing a high demand globally due to the rise in demand from industries such as IT and telecommunication and healthcare. Major players have opted for acquisitions, partnerships, and product development as their key organic growth strategies to strengthen their position in the market and cater to the demands of enterprises across verticals. In June 2019, Google (US) announced that it is planning to acquire Looker Data Sciences, Inc. (US), an analytics startup company.


IoT Security Market Key Players


The key players in the global IoT security market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include PTC (US), Symantec Corporation (US), Infineon Technologies (Germany), Trustwave Holdings (US), Check Point Security Software Technologies Ltd. (US), IBM Corporation (US), Cisco Systems, Inc. (US), Gemalto NV (Netherlands), AT&T Inc. (US), Trend Micro, Inc. (Japan), DigiCert (US), Intel Corporation (US), General Electric (US), Verizon (US) and Sophos Group (UK). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.


Intended Audience



  • Service providers and distributors

  • Independent software vendors

  • Analytics consulting companies

  • Market research and consulting firms

  • Solution providers

  • Technology investors

  • Research institutes

  • System Integrators

  • Research/consultancy firms

  • Network providers

  • Device manufacturers

  • Cybersecurity providers

  • Government and security agencies



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Frequently Asked Questions (FAQ) :


The market will be striking 32.6% CAGR for its growth in the coming years.

The market will be achieving a valuation of USD 42.92 billion by 2025, as per the study.

The major growth driver of IoT security market is directed towards the high adoption of cloud-based technology by organizations and government bodies.

Gemalto is the leading digital security provider that offers secure element (SE) technology for automotive and utility sectors.

Type, technology, solution, vertical are the segments that are involved in the segmental analysis of the market.

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global IoT Security Market, by Type

1.1.2. Global IoT Security Market, by Solution

1.1.3. Global IoT Security Market, by Technology

1.1.4. Global IoT Security Market, by Vertical

1.1.5. Global IoT Security Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Solution

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.2.1. Increase in Cyber-Attacks on IoT Systems

4.2.2. Adoption of Cloud-Based Technologies by Organizations and Government Agencies Demanding High Security Services

4.2.3. High Demand for IoT Security Services by Healthcare and Telecommunications Sector

4.3. Restraints

4.3.1. High Costs Associated with IoT Security Implementations and Innovations

4.4. Opportunities

4.4.1. Data Risks in Huge IoT Systems

4.4.2. Increased Use of Freeware in IoT Operating Systems

4.5. Challenges

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis/Supply Chain Analysis

5.2. Porter’s Five Forces Solution

5.2.1. Bargaining Power of Suppliers

5.2.2. Bargaining Power of Buyers

5.2.3. Threat of New Entrants

5.2.4. Threat of Substitutes

5.2.5. Intensity of Rivalry

6. GLOBAL IOT SECURITY MARKET, BY TYPE

6.1. Introduction

6.1.1. Network Security

6.1.2. Endpoint Security

6.1.3. Application Security

6.1.4. Cloud Security

7. GLOBAL IOT SECURITY MARKET, BY SOLUTION

7.1. Introduction

7.2. Identity Access Management

7.3. Device Authentication and Management

7.4. Secure Communication

7.5. Security Analytics

7.6. Trusted Identification

7.7. Data Encryption and Tokenization

7.8. Others

8. GLOBAL IOT SECURITY MARKET, BY TECHNOLOGY

8.1. Introduction

8.2. Facial Recognition

8.3. Iris Recognition

8.4. Fingerprint Identification

9. GLOBAL IOT SECURITY MARKET, BY VERTICAL

9.1. Introduction

9.2. Retail

9.3. Manufacturing

9.4. Healthcare

9.5. Transportation

9.6. Energy & Utilities

9.7. IT and Telecommunication

9.8. BFSI

9.9. Others

10. GLOBAL IOT SECURITY MARKET, BY REGION

10.1. Overview

10.2. North America

10.2.1. US

10.2.2. Canada

10.2.3. Mexico

10.3. Europe

10.3.1. Germany

10.3.2. UK

10.3.3. France

10.3.4. Rest of Europe

10.4. Asia Pacific

10.4.1. China

10.4.2. Japan

10.4.3. India

10.4.4. Rest of Asia-Pacific

10.5. Middle East & Africa

10.6. South America

11. COMPETITIVE LANDSCAPE

11.1. Introduction

11.2. Competitive Benchmarking

11.3. Key Developments & Growth Strategies

11.4. Vendor Share Analysis

12. COMPANY PROFILES

12.1. PTC

12.1.1. Company Overview

12.1.2. Financial Overview

12.1.3. Products Offered

12.1.4. Key Developments

12.1.5. SWOT Analysis

12.1.6. Key Strategies

12.2. Symantec Corporation

12.2.1. Company Overview

12.2.2. Financial Overview

12.2.3. Products Offered

12.2.4. Key Developments

12.2.5. SWOT Analysis

12.2.6. Key Strategies

12.3. Infineon Technologies

12.3.1. Company Overview

12.3.2. Financial Overview

12.3.3. Products Offered

12.3.4. Key Developments

12.3.5. SWOT Analysis

12.3.6. Key Strategies

12.4. Trustwave

12.4.1. Company Overview

12.4.2. Financial Overview

12.4.3. Products Offered

12.4.4. Key Developments

12.4.5. SWOT Analysis

12.4.6. Key Strategies

12.5. Check Point Security Software Technologies Ltd.

12.5.1. Company Overview

12.5.2. Financial Overview

12.5.3. Products Offered

12.5.4. Key Developments

12.5.5. SWOT Analysis

12.5.6. Key Strategies

12.6. IBM Corporation

12.6.1. Company Overview

12.6.2. Financial Overview

12.6.3. Products Offered

12.6.4. Key Developments

12.6.5. SWOT Analysis

12.6.6. Key Strategies

12.7. Cisco Systems, Inc.

12.7.1. Company Overview

12.7.2. Financial Overview

12.7.3. Products Offered

12.7.4. Key Developments

12.7.5. SWOT Analysis

12.7.6. Key Strategies

12.8. Gemalto NV

12.8.1. Company Overview

12.8.2. Financial Overview

12.8.3. Products Offered

12.8.4. Key Developments

12.8.5. SWOT Analysis

12.8.6. Key Strategies

12.9. AT&T Inc.

12.9.1. Company Overview

12.9.2. Financial Overview

12.9.3. Products Offered

12.9.4. Key Developments

12.9.5. SWOT Analysis

12.9.6. Key Strategies

12.10. Trend Micro, Inc

12.10.1. Company Overview

12.10.2. Financial Overview

12.10.3. Products Offered

12.10.4. Key Developments

12.10.5. SWOT Analysis

12.10.6. Key Strategies

12.11. DigiCert

12.11.1. Company Overview

12.11.2. Financial Overview

12.11.3. Products Offered

12.11.4. Key Developments

12.11.5. SWOT Analysis

12.11.6. Key Strategies

12.12. Intel Corporation

12.12.1. Company Overview

12.12.2. Financial Overview

12.12.3. Products Offered

12.12.4. Key Developments

12.12.5. SWOT Analysis

12.12.6. Key Strategies

12.13. General Electric

12.13.1. Company Overview

12.13.2. Financial Overview

12.13.3. Products Offered

12.13.4. Key Developments

12.13.5. SWOT Analysis

12.13.6. Key Strategies

12.14. Verizon

12.14.1. Company Overview

12.14.2. Financial Overview

12.14.3. Products Offered

12.14.4. Key Developments

12.14.5. SWOT Analysis

12.14.6. Key Strategies

List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 3 GLOBAL IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 4 GLOBAL IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 6 GLOBAL IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 7 GLOBAL IOT SECURITY MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: IOT SECURITY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 10 NORTH AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 11 NORTH AMERICA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 13 NORTH AMERICA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 14 US: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 15 US: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 16 US: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 18 US: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 19 CANADA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 20 CANADA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 21 CANADA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 23 CANADA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 24 MEXICO: IOT SECURITY MARKET, BY TYPE, 2020–2027 (MEXICOD MILLION)

TABLE 25 MEXICO: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (MEXICOD MILLION)

TABLE 26 MEXICO: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (MEXICOD MILLION)

TABLE 28 MEXICO: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (MEXICOD MILLION)

TABLE 29 EUROPE: IOT SECURITY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 30 EUROPE: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 31 EUROPE: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 32 EUROPE: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 34 EUROPE: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 35 UK: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 36 UK: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 37 UK: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 39 UK: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 40 GERMANY: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 41 GERMANY: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 42 GERMANY: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 44 GERMANY: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 45 FRANCE: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 46 FRANCE: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 47 FRANCE: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 49 FRANCE: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 50 REST OF EUROPE: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 51 REST OF EUROPE: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 52 REST OF EUROPE: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 54 REST OF EUROPE: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 55 ASIA-PACIFIC: IOT SECURITY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 56 ASIA-PACIFIC: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 57 ASIA-PACIFIC: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 58 ASIA-PACIFIC: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 60 ASIA-PACIFIC: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 61 CHINA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 62 CHINA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 63 CHINA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 65 CHINA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 66 INDIA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 67 INDIA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 68 INDIA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 70 INDIA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 71 JAPAN: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 72 JAPAN: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 73 JAPAN: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 75 JAPAN: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 76 REST OF ASIA-PACIFIC: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 77 REST OF ASIA-PACIFIC: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 78 REST OF ASIA-PACIFIC: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 80 REST OF ASIA-PACIFIC: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 81 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 82 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 83 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 85 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 86 SOUTH AMERICA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 87 SOUTH AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

TABLE 88 SOUTH AMERICA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 90 SOUTH AMERICA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)



LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 RESEARCH PROCESS OF MRFR

FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACH

FIGURE 4 GLOBAL IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 5 GLOBAL IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 6 GLOBAL IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

FIGURE 8 GLOBAL IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 9 GLOBAL IOT SECURITY MARKET, BY REGION, 2020–2027 (USD MILLION)

FIGURE 10 GLOBAL IOT SECURITY MARKET, BY REGION, 2020–2027 (USD MILLION)

FIGURE 11 NORTH AMERICA: IOT SECURITY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 12 NORTH AMERICA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 13 NORTH AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 14 NORTH AMERICA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

FIGURE 16 NORTH AMERICA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 17 EUROPE: IOT SECURITY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 18 EUROPE: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 19 EUROPE: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 20 EUROPE: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

FIGURE 22 EUROPE: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 23 ASIA-PACIFIC: IOT SECURITY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 24 ASIA-PACIFIC: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 25 ASIA-PACIFIC: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 26 ASIA-PACIFIC: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

FIGURE 28 ASIA-PACIFIC: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 29 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 30 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 31 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

FIGURE 33 MIDDLE EAST & AFRICA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 34 SOUTH AMERICA: IOT SECURITY MARKET, BY TYPE, 2020–2027 (USD MILLION)

FIGURE 35 SOUTH AMERICA: IOT SECURITY MARKET, BY SOLUTION, 2020–2027 (USD MILLION)

FIGURE 36 SOUTH AMERICA: IOT SECURITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

FIGURE 38 SOUTH AMERICA: IOT SECURITY MARKET, BY VERTICAL, 2020–2027 (USD MILLION)