The global Internet of Things security market was valued at US$ 5,654.5 Mn in 2016 and is projected to reach US$ 49,502.5 Mn in 2026 at a CAGR of 34.9% from 2017 to 2026. The hardware segment in the global Internet of Things security market is estimated to account for the major revenue share of 45.7% in 2017, owing to factors such as increasing use of security-enabled hardware components.
Internet of Things connect multiple devices in an organization via wireless sensor networks and cloud services, and this connection provides access to operational technology networks and information technology. Hence, increasing dependency on cloud storage and wireless network connectivity gives rise to challenges such as cyber-attacks and security threats. IoT security solutions and services are essential for protecting confidential and private data and to provide secure access to authorized users and individuals.
Companies profiled in the report are BASF, American Aerogel Corporation, Dow Corning, Cobot Corporation, Svenska Aerogel AB, Airglass AB, JIOS AEROGEL, Aspen Aerogels Inc., Active Space Technologies, Acoustiblok UK Ltd.