Global Internet of Things Security Market 2016-2020

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IoT is the communication between connected devices within a network. Data transmission takes place between smart devices, such as thermostats and sensors, which can be further connected to an individuals mobile devices. IoT works efficiently due to the interconnection between embedded hardware devices, communication services, software, and IT services. It helps in efficient remote monitoring and management of numerous interconnected devices. IoT also enables the creation of smart homes, smart shopping, smart transportation, and smart healthcare.

Technavios analysts forecast the global IoT security market to grow at a CAGR of 55.01% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global IoT security market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sales of network security solutions including hardware, software, and services (including managed services) provided by vendors.

The market is divided into the following segments based on geography:




Technavio’s report, Global IoT Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Cisco Systems

Infineon Technologies


GE (Wurldtech Security Technologies)


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Other prominent vendors

Axeda Machine Cloud


Digi International






Kore Wireless

NetComm Wireless



Palo Alto Networks

Rockwell Automation

Secure Crossing

Sierra Wireless


Systech Solutions



Ventus Wireless

Market driver

Need to comply with stringent regulations

For a full, detailed list, view our report

Market challenge

High total cost of ownership (TCO) of IoT security solutions

For a full, detailed list, view our report

Market trend

Emergence of integrated security solutions

For a full, detailed list, view our report

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