News Article | May 17, 2017
NEW YORK, May 17, 2017 /PRNewswire/ -- Smart homes are the residences that are equipped with information and computing technology devices that anticipates and responds to the requirement of the owner in an effective and efficient manner. Smart homes involves automation and control of Heating, Ventilation, Air Conditioning and Security system (HVAC), lighting and home appliances like refrigerators, ovens and dryers. The smart home devices use Wi-Fi for monitoring remotely and are a part of Internet of Things (IoTs). Modern systems comprises sensors and switches connected to a central hub sometimes known as gateway from which systems are controlled with a user interface that is interrelated with a mobile phone software, web interface, or a wall mounted terminal. Further, smart homes use fingerprint identification or key cards in place of conventional locks, making the homes more secure. Smart homes market is fragmented market with various medium and small companies present in the market. Moreover, there are very few worldwide accepted industry standards in this market. Widespread communications protocol for products embraces Ethernet, X10, 6LoWPAN, RS-485, ZigBee Bluetooth LE (BLE) and Z-Wave, or other proprietary protocols that are incompatible with each other. Read the full report: http://www.reportlinker.com/p04907919/Smart-Homes-Market-Global-Industry-Analysis-Size-Share-Growth-Trends-and-Forecast.html Global Smart Home Market: Trends and Opportunities Increasing mobility is one of the emerging trends in the global smart home market during the forecast period. In the modern era, mobility is one of the important factors that allow people to be connected with their devices at home. Since all the devices are connected to a smart phone or tablet, no matter which corner of the house a person may be, can control everything via their smartphones thus, enhancing the mobility. Increasing consumer acceptance is an important factor bolstering the demand of smart homes in the global market. Customers have identified the security, value and energy-efficient solutions offered by smart homes. The ease of monitoring, managing and controlling devices and home appliances at any time, from any place are boosting the customers' acceptance of smart homes. The advent of the Internet of Things (IoT), technologies such as wearable's, near field communications, Wi-Fi, smartphones, Bluetooth and ZigBee protocols, have additionally amplified the demand for smart home solutions. Advancement in Internet of Things is also one of the major factors driving the smart home market worldwide. Increasing drops in the price of processors and sensors and higher networking capabilities alongside extensive Wi-Fi access have allowed extensive growth of Internet of Things . All the devices used in smart homes are now operates through internet of things. Since the IoTs excels a simple tech market and is likely to be applied in every field, thereby, allowing huge improvement of productivity and quality. However, issues pertaining to privacy and security breach are restraining the growth of the smart home market during the forecast period. With the increasing demand of smart home devices, security and privacy breach is also increasing. Since the devices are connected to Internet of Things , there are chances that these devices likely be hacked or breached and exploited. Network security vulnerabilities from these devices is a major concern for the consumers or users. Another major issue with the smart home devices is the default passwords that the consumers use. Majority of the population does not change the default passwords of their devices that are easily hacked. In addition, majority of the IoT devices are not deliberated with strict protection ability, therefore, they are vulnerable to attack. Global Smart Home Market: Segmentation The global Smart Home market is segmented on the basis of application and geography. Based on application, the smart home market is bifurcated into lighting control, security and access control, HVAC control, entertainment control and others. The HVAC control segment accounted for the highest market revenue share in 2016 and is expected to remain the same during the forecast period. Need for energy efficient devices and concern for optimizing the use of energy are the factors bolstering the demand of HVAC control system in the global smart home market during the forecast period. By geography, the global Smart Home market has been bifurcated into five regions that include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In 2016, the North America smart home market accounted for the highest market revenue share followed by Europe and Asia Pacific. Increasing demand of home healthcare is boosting the demand of smart home market in North America. Companies Mentioned in the Report Some of the key players in the global smart home market include Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd., Johnson Controls Inc., Emerson Electric Company, Samsung Electronics Co., Ltd., LG Electronics Inc., United Technologies Corporation and Crestron Electronics, Inc. among others.? The segments covered in the global Smart Home market are as follows: By Application Lighting Control Security and Access Control HVAC Control Entertainment Control Others By Geography North America U.S. Canada Rest of North America Europe U.K. Germany France Italy Rest of Europe Asia Pacific China India Japan Rest of Asia Pacific Middle East and Africa South Africa U.A.E. Rest of MEA Latin America Brazil Read the full report: http://www.reportlinker.com/p04907919/Smart-Homes-Market-Global-Industry-Analysis-Size-Share-Growth-Trends-and-Forecast.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/smart-homes-market---global-industry-analysis-size-share-growth-trends-and-forecast-2017---2025-300459540.html
News Article | July 19, 2017
NEW YORK, July 19, 2017 /PRNewswire/ -- Global Internet of Things Market: Overview The Internet of Things refers to the interrelated devices that are able to transfer data over a network without requiring computer and human interaction devices. Internet of Things is directly and indirectly associated with daily lifestyle products across the globe. Internet connectivity is one of the major requirements of different application as it is expected to grow at high rate in next forecast period. Furthermore, internet connectivity requires more monitoring through applications and human interactions. Moreover, Internet of Things offers an easier and comfortable controlling of different electronic devices from one place. Internet of Things is definite as an invisible and intelligent network of things that correspond directly or indirectly with each other which is fueling the enlargement during the forecast period. Read the full report: http://www.reportlinker.com/p03431570/ Internet -of- Things -Market-Global-Industry-Analysis-Size-Share-Growth-Trends-and-Forecast.html Global Internet of Things Market: Drivers IoT is expected to transform how we work, live and other things. Smart object and their different applications such as smart cities, smart homes, and smart environment is dynamic the evolution of the universal market. Moreover, increasing demand of smart wearable electronic products in different application is boosting the market growth. The prospective for cyber physical systems to improve productivity in the production process and supply chain are growing the demand of industrial sector in Internet of Things market. Additionally, fast technological advancement is increasing the global IoT market growth. Wi-Fi connectivity is growing rapidly and due to various government initiatives supporting the widespread usage of WiFi and collaboration between various companies, market is experiencing a surge and is forecasted to grow considerably during the forecast period. Consequently, all drivers are set to contribute to the expansion of global market of Internet of Things in the upcoming years. Moreover, IoT finds in application such as urban planning and environmental planning, is could create immense opportunities for the IoT market. Growing acceptance in the various industrial segments along with strong economic growth in growing economies are contributing to the prospective growth opportunities of the global Internet of Things market. Internet of Things is anticipated to increase acceptance through end-user applications like medical and manufacturing and this will lead to the increase in the growth of IoT market in the upcoming years. However, the major challenge that Internet of Things markets likely to face is the lack of standardization in IoT products and interoperability problems. The privacy and security problems with usage of cloud technology is likely to obstruct the anticipated growth of IoT market. Global Internet of Things Market: Scope of the Study Based on application, the Internet of market is generally classified into media, manufacturing, medical and healthcare, consumer application, energy management and others. Geographically, Internet of Things market is classified into Europe, North America, Latin America and Asia Pacific. The key companies in the global Internet of Things market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies accepted by these key players and their recent developments in the field of Internet of Things . Furthermore, the report contains analysis of market attractiveness of different applications and provides an insight into various application areas of the Internet of Things . A detailed analysis of the various dynamics of the market of global Internet of Things market is provided in the report. Opportunities, restraints and market drivers are also covered in this report. Thus, the report of global Internet of Things offers a detailed report of the market and that includes the projection of the global IoT market revenue-wise (USD Million) from the period of 2016 to 2024. The global Internet of Things market is characterized by the presence of numerous major players in the market. The major players of the market compete their competition on the basis of factors such as price, performance, quality, support services and innovations of product. Major players in IoT market are Intel Corp. (U.S), Amazon (U.S), Microsoft Corp. (U.S), Cisco Systems Inc. (U.S), Google Inc. (U.S), AT&T (U.S) and Apple Inc. (U.S) among others. The global high resolution dispensing systems and equipment market has been segmented into: Internet of Things Market, by Technology Zigbee Bluetooth Low Energy Near Field Communication Wi-Fi RFID Internet of Things Market, by Application Media Manufacturing Medical and Healthcare Consumer Application Energy Management Others Internet of Things Market, by Geography: The market is broadly segmented on the basis of geography into: North America Europe Asia Pacific Middle East and Africa Read the full report: http://www.reportlinker.com/p03431570/ Internet -of- Things -Market-Global-Industry-Analysis-Size-Share-Growth-Trends-and-Forecast.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
News Article | May 30, 2017
· The growing demand and adoption of cloud computing, coupled with the Scalability of IPv6-3.4X 10^38 IP address, are presumed to drive the market over the forecast period. · The ability of IoT to reduce costs has been the prime factor for its adoption in the industrial sector. · The emergence of low-power hardware devices, cloud integration, big data analytics, robotics & automation, and smart sensors are also driving IIoT market growth. · The global industrial IoT market size exceeded USD 100 billion in 2016 and is presumed to grow at a CAGR of over 25% from 2017 to 2025 The global industrial IoT market is expected to reach USD 933.62 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand and adoption of cloud computing, coupled with the Scalability of IPv6-3.4X 10^38 IP address, are presumed to drive the market over the forecast period. Businesses, across the globe, are seeking new operating models to create a connected enterprise for merging operational and information departments of the industry. This transformation is predicted to increase the overall productivity, enhance operational efficiency, improve visibility, and reduce the complexities of different processes in the industry. The ability of IoT to reduce costs has been the prime factor for its adoption in the industrial sector. However, several significant investment incentives, such as increased productivity, process automation, and time-to-market, have also been boosting this adoption. The falling prices of sensors have reduced the overall cost associated with data collection and analytics. An emerging trend among enterprises worldwide is the transformation of technical focus to improving connectivity in order to undertake data collection with the right security measures in place and with improved connections to the cloud. The emergence of low-power hardware devices, cloud integration, big data analytics, robotics & automation, and smart sensors are also driving IIoT market growth. However, there are a few factors that are anticipated to limit the global IIoT growth. The major factors challenging the market growth are the lack of a defined protocol or standardization and use of old equipment. Security-related concerns, associated with big data, are also expected to limit the market growth. Further key findings from the report suggest: The global industrial IoT market size exceeded USD 100 billion in 2016 and is presumed to grow at a CAGR of over 25% from 2017 to 2025 Manufacturers are increasingly leveraging the benefits of IIoT solutions to enhance their analytics functionalities (through predictive maintenance), consolidate their control rooms, and track assets The managed IIoT services segment is predicted to growth over the next eight years, as implementation of IoT technology requires integration of managed IIoT services at every layer of the IIoT ecosystem The Asia Pacific regional market is anticipated to outgrow the North American market and emerge as the highest revenue-generating region, with China spearheading the growth, by the end of 2025 Read the full report: http://www.reportlinker.com/p04899211/Industrial-Internet-of-Things-IIoT-Market-Analysis-By-Component-Solution-Services-Platform-By-End-Use-Manufacturing-Energy-Power-Oil-Gas-Healthcare-Logistics-Transport-Agriculture-And-Segment-Forecasts.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/industrial-internet-of-things-iiot-market-is-expected-to-reach-usd-93362-billion-by-2025-300465783.html
News Article | June 1, 2017
NEW YORK, June 1, 2017 /PRNewswire/ -- Report Details As the Internet of things transforms businesses, IoT platforms have emerged as the backbone of the IoT infrastructure. IoT platforms provide a set of functionalities which forms a solid architecture to build IoT applications. Vsiongain assesses that Internet of Things (IoT) platform revenues will reach $8.8bn in 2017. Read the full report: http://www.reportlinker.com/p04753867/ Internet -of- Things -IoT-Platform-Market-Report.html Essentially there are five building blocks of IoT infrastructure: Security, Hardware, Communication, Software Backend and Applications. IoT platforms are part of the Software Backend of the IoT infrastructure. The IoT platform manages all the connected devices, applications and networks and provides the necessary data integration solutions and interfaces. The IoT platform enables the communication between two objects and connects the real and the virtual world. Visiongain's in depth report analyses the future outlook for IoT platform and reveals the investment opportunities available to your company. 5 Reasons why you must order and read this report today: 1) The report provides detailed profiles of 8 leading companies operating within the IoT platform market space - Amazon Web Services (AWS) IoT/2lemetry - Arrayent Inc., - Cisco IoT - GE Predix - IBM Watson IoT - Oracle - PTC Inc - Red Hat Inc 2) The study reveals the regional development for IoT platforms from 2017-2022 We show you the prospects for the following regions: - North America IoT platform market 2017-2022: - US IoT platform market 2017-2022 - Canada IoT platform market 2017-2022 - Mexico IoT platform market 2017-2022 - Europe IoT platform market 2017-2022: - Germany IoT platform market 2017-2022 - France IoT platform market 2017-2022 - UK IoT platform market 2017-2022 - Other IoT platform market 2017-2022 - APAC IoT platform market 2017-2022: - China IoT platform market 2017-2022 - India IoT platform market 2017-2022 - Japan IoT platform market 2017-2022 - Australia IoT platform market 2017-2022 - RoAPAC IoT platform market 2017-2022 - RoW IoT platform market 2017-2022: - Brazil IoT platform market 2017-2022 - Argentina IoT platform market 2017-2022 - Others IoT platform market 2017-2022 3) Forecasts by IoT platform type from 2017-2022 - Application Enablement IoT platform market 2017-2022 - Device Management IoT platform market 2017-2022 - Connectivity Management IoT platform market 2017-2022 4) Our overview also forecasts and analyses IoT platforms by end user from 2017-2022 - Small Enterprise IoT platform market 2017-2022 - Medium Enterprise IoT platform market 2017-2022 - Large Enterprise IoT platform market 2017-2022 5) Our overview also forecasts and analyses these IoT platforms by service from 2017-2022 - System Integration IoT platform market 2017-2022 - Professional Services IoT platform market 2017-2022 6) Our study also forecasts and analyses these IoT platform applications by industry vertical from 2017-2022 - Manufacturing IoT platform market 2017-2022 - Government IoT platform market 2017-2022 - BFSI IoT platform market 2017-2022 - Retail IoT platform market 2017-2022 - Healthcare IoT platform market 2017-2022 - Pharmaceutical IoT platform market 2017-2022 - Energy & Power IoT platform market 2017-2022 - Oil & Gas IoT platform market 2017-2022 - IT & Telecommunications IoT platform market 2017-2022 - Others IoT platform market 2017-2022 Competitive advantage This independent, report guarantees you are better informed than your competitors. With an array of tables and figures examining the IoT platform market space, the report gives you an immediate, one-stop breakdown of the IoT platform market. as well as analysis, from 2017-2022 keeping your knowledge that one step ahead of your rivals. Who should read this report? - Anyone within the Internet of Things (IoT) value chain. - IoT companies - Smart mobile device companies - Connected device companies - Component suppliers - Existing companies - Companies looking to enter this market - Component suppliers - Technological solution providers And also - Executives - Investors - Business development managers - Marketing managers - Banks Read the full report: http://www.reportlinker.com/p04753867/ Internet -of- Things -IoT-Platform-Market-Report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/internet-of-things-iot-platform-market-report-2017-2022-300467447.html
News Article | August 1, 2017
Report Details Interested or involved in Industrial Internet of Things ? Visiongain has produced an in-depth market research report into Industrial Internet of Things , forecasting the rapid growth of this market. This report offers forecasts for specific industries, whilst profiles of leading national/regional markets offers you insights into region-specific opportunities and developments. Visiongain has estimated this market to be worth $228.4bn in 2017. Read the full report: http://www.reportlinker.com/p05038744/Industrial- Internet -Of- Things -Iot-Market.html • North America - USA • Asia Pacific - China - Japan - India • Europe - UK - Germany - France - Italy - Russia • Middle East & Africa • Latin America - Brazil The development of this market and industry interest in IoT continues, with Visiongain forecasting significant growth rates for this market. This report covers forecasts for the market, as well as other factors that could affect Industrial Internet of Things . By also covering the below submarkets, the report gives readers a concise overview of the market: • Aerospace/Defense IIoT • Healthcare IIoT • Automotive & Transportation IIoT • Energy & Utilities IIoT • Agriculture IIoT • Retail IIoT • Manufacturing IIoT • Others IIoT Detailed information on Industrial Internet of Things can be used to help develop your business plans and strategy. With a Visiongain report, the reader is able to see a clear overview of a market. Concise, clear analysis supports Visiongain's conclusions, and our market evaluations will help your company when considering the Industrial Internet of Things market. View company profiles of key players within the market: • ARM • AT&T • Blackberry • Bosch • Cisco • Emerson Electric • General Electric (GE) • Alphabet Inc./Google • Hewlett-Packard (HP) • IBM • Intel • NXP • Microsoft • Omron • Oracle • PTC • Qualcomm • Rockwell Automation • RTI • Samsung • SAP • Texas Instruments Read the full report: http://www.reportlinker.com/p05038744/Industrial- Internet -Of- Things -Iot-Market.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
News Article | June 26, 2017
· The era of the Internet of Things (IoT) has arrived, and it brings with it numerous opportunities and challenges for various IoT market players. · Security of IoT systems has become one of the biggest challenges, and it is even threatening a global slowdown in the adoption of IoT. · With the exponential growth in connected devices, security of these IoT devices and their data has become an urgent and concerning issue for the IoT industry. · This report provides an overview of the most recent developments in the IoT industry, along with a basis for expectation of its growth over the next five years. - The global market for Internet of Things (IoT) security solutions reached nearly $3.7 billion in 2016, and it is expected to grow at a compound annual growth rate (CAGR) of 25.6% over the next five years to reach a market size of more than $11.4 billion by 2021. - Hardware-based solutions as a segment reached $2.8 billion in 2016 and should reach $8.1 billion by 2021, with a CAGR of 23.4%. - Software-based solutions as a segment reached $825 million in 2016 and $3.3 billion by 2021, with a CAGR of 32.0%. Introduction The era of the Internet of Things (IoT) has arrived, and it brings with it numerous opportunities and challenges for various IoT market players. Security of IoT systems has become one of the biggest challenges, and it is even threatening a global slowdown in the adoption of IoT. With the exponential growth in connected devices, security of these IoT devices and their data has become an urgent and concerning issue for the IoT industry. This report therefore addresses the key issues faced by the IoT industry from a security standpoint, as well as the technology used to secure IoT device data and an analysis of the different market players that provide these IoT security solutions. Based on the need for different types of solutions across the different layers in an IoT system, this market has been broadly segmented into: - Device layer security (providing hardware based root of trust, identification, authentication and encryption). - Security for data across the connectivity layer (secure wireless connectivity and IoT gateways). - Security of data across the application and cloud layers. - Real-time threat management solutions that provide the extra layer of security. - End-to-end security platforms that weave all the different solutions into a single platform solution. Study Goals and Objectives This report provides an overview of the most recent developments in the IoT industry, along with a basis for expectation of its growth over the next five years. IoT security solutions provide a set of security features developed to meet the unique security needs of a large network of low-cost, resource-constrained embedded IoT devices. Therefore, this report will focus on hardware- and software-based IoT-specific security solutions that address these needs. Market estimates are based on revenues generated by the sale of these solutions to the original equipment manufacturers (OEMs), which integrate these solutions into their IoT devices, IoT platform developers, network connectivity operators, cloud platforms and system integrators as consumers of the solution despite the fact that the solutions maybe further deployed after value addition. The report covers revenues reported from the actual deployment and sale of the software and hardware solutions and excludes services to integrate the solutions. This report will analyze IoT security solution technologies and the markets they serve. Analysis provided in this report will address: - The key market players in the IoT security solutions market, their 2016 revenue trends from these solutions and their estimated market shares. An analysis of the top 10 market players, as well as the top vendors by different solution subsegments is also included. - A short discussion of the various market solutions and the different security features is included to give an understanding of how security technologies are provided through these solutions. - The market has been segmented by solutions to secure data at the device layer and data being transported across the connectivity networks, application and the cloud, as well as threat detection and IoT security platforms. - An analysis of security features for top IoT platforms by type is included to provide an understanding of the ways security solutions support IoT platforms. - An overview of the trends in regional adoption of these solutions and pointers toward growth markets until 2021 is included. - The application of these solutions in vertical industries such as the healthcare, automotive, smart homes, smart energy, and the manufacturing and industrial sectors is discussed, with an overview of some solutions that provide IoT security for these verticals. Reasons for Doing This Study The IoT security solutions market is a nascent market, but it shows great promise as a game changer in the connected IoT world. Businesses are exploring the various facets of certain IoT security solutions and methods for securing their data assets, so it is prudent to understand the market for IoT security solutions, as well the different data security technologies shaping present and future solutions. It is crucial for the solution provider to gain a holistic view of the overall market conditions, insights into competition, growth markets and technology developments. This report provides some good insights and perspectives from industry experts and market players that will help to provide a better understanding of the market and its technologies. This report aims to provide a holistic understanding of the different facets of the IoT security solutions market and gauge the market potential for these solutions today and in the next five years. This study provides an understanding of forces driving the IoT security solutions market and their evolution over the forecast period from 2017 through 2021. This study will also address who, how and what will impact the growth of this market segment and next opportunities for market growth. Scope of Report This report analyzes the market for commercialized IoT security solutions. It helps readers to understand how the IoT security solutions market will evolve, as well as the trends that will impact its adoption. The report focuses on security solutions that have been developed or customized to meet the unique needs of IoT systems. Services provided for integrating such solutions or managed security services are not included in the scope of this report. This BCC Research study was conducted with a global perspective in terms of the IoT security solution technology and its applications. Market projections have been conducted for five geographic regions: North America, South America, Europe, Middle East and Africa, and Asia-Pacific. All market reported revenues are in constant 2016 U.S. dollars. The report also provides an understanding of the technologies used for IoT security solutions and the roles that new standards may have on these solutions in the foreseeable future. The report contains: - An in-depth analysis of the market for technologies used in most IoT security solutions by different applications. - New technology developments for IoT security solutions that will impact the development of future products. - Current and potential demand for such solutions across different verticals such as automotive, healthcare, smart homes and smart cities. - Current and future market projections for IoT security solutions from 2015 to 2021 - Profiles of current industry players, including IoT security solution providers and industry groups working toward developing industry standards. - Overview of partnerships, important acquisitions and venture capital funding activity in IoT security solution startups. - A review of the market opportunities and challenges for current and new industry participants. Information Sources The material presented in this report is based on information gathered from primary contact with participants within the IoT security solutions industry, as well as an analysis of the technologies, issues and concerns gathered from technical papers and industry conferences. The final analysis and projections combine the consensus of primary contacts and derived assumptions regarding the impact of both historical and emerging trends. Additional data were obtained from analysis of secondary sources, including trade publications, trade associations, company literature and online databases. This research was done to supplement the understanding of applications, markets and trends in the IoT security industry. All dollar estimates in this report are based on 2016 constant dollars. Methodology The market numbers provided in this report are based on a bottom-up methodology of research analysis. First data from secondary and primary sources was gathered on the various solutions and players in the market. This data was analyzed to determine the key technology segments and their applications. Data regarding regional markets addressed by each of the players, total revenues from IoT security solutions and the vertical markets they target was analyzed to develop a market data model. The data were then validated through primary research and discussion with market experts. Geographic Breakdown In this report, the regions considered for market analysis include: North America - U.S. - Mexico - Canada South America - Brazil - Argentina Europe - France - Germany - Italy - U.K. - Spain Asia-Pacific - Australia - China - India - Japan - South Korea Middle East and Africa - Israel - Saudi Arabia - South Africa Summary and Highlights The market for commercial Internet of Things (IoT) security solutions is still in a nascent stage, but it is rapidly growing, as the threat of IoT data security breaches is becoming a major roadblock to overall growth of the IoT market. The global market for these security solutions was estimated to reach nearly $3.7 billion in 2016, and it is expected to grow at a steady pace of 25.6% over the next five years to a market size of more than $11.4 billion by 2021. The key segments of IoT security on which most of these solutions focus are providing a strong root of trust at the device layer, crypto-authentication of data (both in motion and at rest) from the edge and across the connectivity network to the cloud, real-time threat detection and IoT security platforms. The largest market subsegment (65% of the market revenues) in 2016 was for the device layer security at nearly $2.4 billion. Solutions that secure IoT device data through hardware (i.e., silicon)-based secure environments, identity access management (IAM) and crypto-authentication solutions that use public key infrastructure (PKI) techniques form the majority of solutions in this subsegment. PKI solutions are also expected to continue to be the dominant technologies for future IoT security solutions, with a handful of vendors such as DigiCert, Symantec and GlobalSign already providing end-to-end IoT PKI solutions with an expectation that more players will be joining this technology space in the next few years. Hardware-based solutions (e.g., network security appliances, chip level security) form the largest type of security solutions, with 77% of solutions falling in this category. This is not surprising, as it is commonly known that software-based solutions are easier to hack, whereas hardware-embedded security is more secure and provides a higher trust level. The industrial IoT (IIoT) had seen the highest adoption (41%) for IoT security solutions until recently, as the value of lost business due to data security breaches is considered to be high. Consumer IoT, however, is still lagging in its uptake of security solutions, which is a paradox, as these were the easiest targets for most of the malicious IoT data breaches that took place in 2016. These vertical markets will continue to grow in importance as new niche solutions that address the unique needs of IoT applications emerge in the next five years. In 2016, the IoT security solutions marketspace was highly fragmented with a handful of established security solution vendors followed by numerous growing small private vendors and startups. Looking ahead, the North America and European region will continue to dominate the startup scene for IoT solutions and be the technology innovation hotbed, with the establishment of many IoT innovations centers by such entities as Cisco, IBM, Microsoft and AT&T. The 2016 market leaders for commercial security solutions were Intel, Gemalto, NXP Semiconductors, Microchip, Cisco and Symantec. Together these vendors accounted for nearly 30% of the market. Further consolidation of players in this market is expected, as the next few years will be ripe for acquisitions and mergers with large IT services and network solution companies trying to build comprehensive and profitable IoT solution portfolios. This is a move already seen with numerous IoT- related acquisitions by Intel, Cisco, Qualcomm and IBM within the last two years. On the technology front, IoT security platforms are seeing good traction and will likely comprise the winning strategy in the next five years. Blockchain and hypervisors are seeing a considerable push in application for IoT security. With the establishment of data security standards and device security regulations, the market is expected to see further activity and growth potential, especially in the European and Asia-Pacific region. The largest regional market will continue to be North America. The maturity of the U.S. IoT market will continue to be a driver for growth in the North American market. The IoT security solutions market is also moving gradually to the cloud-based model, a trend that is expected to only become stronger in the overall IoT market. Many current IoT security solutions vendors are already offering cloud-based subscription model pricing and deployment for their solutions. This trend is expected to be a growth driver as these solutions become more cost-efficient for small- and medium-sized IoT projects. The strong collaboration between the business, government and consumer sides of IoT for standards and better security for the connected world is the key driver for the IoT security solutions market, and it will help build new innovative security solutions and standards that will give a strong foundation for the development of this market in the future. Read the full report: http://www.reportlinker.com/p04959557/Global-Markets-for-Security-Technologies-for-the- Internet -of- Things -IoT.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-markets-for-security-technologies-is-expected-to-reach-114-billion-by-2021-300479844.html
News Article | June 19, 2017
· The report considers 2017 as the estimated year for the study and the market size forecast is done from 2017 to 2022. · The bottom-up procedure was employed to arrive at the total market size of the IoT market from the revenue of the key IoT service providers in the market. · After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through a primary research, by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. · To know about the assumptions considered for this research report, download the pdf brochure The Internet of Things (IoT) market is expected to grow from USD 170.57 billion in 2017 to USD 561.04 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.9%. The report considers 2017 as the estimated year for the study and the market size forecast is done from 2017 to 2022. Objectives of the study - To define, describe, and forecast the IoT market on the basis of platforms, software solutions, services, application areas, and regions with respect to the individual growth trends and contribution toward the overall market - To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and restraints) - To analyze micro markets with respect to individual growth trends, future prospects, and contributions to the overall market - To analyze the opportunities in the market and the details of the competitive landscape for stakeholders and market leaders - To forecast the market size of segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America - To profile the key players and analyze their market shares and core competencies - To analyze competitive developments, such as, mergers and acquisitions, new partnerships, new contracts, and new product developments in the IoT market The research methodology used to estimate and forecast the IoT market began with the collection and analysis of data on key vendor revenues through the secondary research, such as annual reports and press releases, investor presentations of companies, conferences and associations, such as IoT Association, Institute of Electrical and Electronics Engineers (IEEE) Standards Association, IoT Alliance Australia, white papers, technology journals, certified publications, and articles from recognized authors, directories, and databases. The vendor offerings were taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the IoT market from the revenue of the key IoT service providers in the market. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through a primary research, by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub segments. The breakdown of profiles of primary is depicted in the below figure: BREAKDOWN OF PRIMARY PARTICIPANTS "To know about the assumptions considered for this research report, download the pdf brochure" The IoT market comprises vendors providing IoT services to their commercial clients. Companies such as Intel Corporation (US), SAP SE (Germany), Cisco Systems, Inc. (US), Microsoft Corporation (US), Oracle Corporation (US), International Business Machine (IBM) Corporation (US), PTC Inc. (US), Google Inc. (US), Hewlett Packard Enterprise (US), Amazon Web Services Inc. (US), Bosch Software Innovation GmbH (Germany), and General Electric (US) have adopted partnerships and collaborations as their key strategy to expand their market reach. This strategy accounted for the largest share of the total strategies adopted by the market players. Target Audience • Machine-to-Machine (M2M), and Telecom and IoT providers • IoT platform/middleware providers • Device and sensor providers • Application developers and aggregators • Third-party integration providers • Application Program Interface (API) integrators • Consultancy firms and advisory firms • Regulatory agencies • Governments "Study answers several questions for the stakeholders, primarily which market segments to focus in next 2 to 5 years for prioritizing the efforts and investments." Scope of the Report The research report segments the IoT market into the following submarkets: By Software Solution • Real- time Streaming Analytics • Security solution • Data management • Remote monitoring system • Network bandwidth management By Platform • Device management • Application management • Network management By Service • Professional service - Deployment and integration - Support and maintenance - Consulting service • Managed service By Application Area • Building and home automation • Smart energy and utilities • Smart manufacturing • Connected logistics • Smart retail • Smart mobility and transportation • Others By Region • North America • Europe • Asia Pacific (APAC) • Middle East and Africa (MEA) • Latin America Available Customizations With the given market data, MarketsandMarkets offers customizations as per the company's specific needs. The following customization options are available for the report: Geographic Analysis • Further breakdown of the European IoT market • Further breakdown of the APAC IoT market Company Information • Detailed analysis and profiling of additional market players Read the full report: http://www.reportlinker.com/p04944762/ Internet -of- Things -Market-by-Software-Solution-Service-Platform-Application-Area-and-Region-Global-Forecast-to.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/internet-of-things-market-to-reach-usd-56104-billion-by-2022-300476010.html
News Article | December 1, 2016
NEW YORK, Nov. 30, 2016 /PRNewswire/ -- KEY FINDINGS Internet of Things finds application in multiple verticals like smart energy, building and home automation, smart manufacturing, connected logistics, smart retail, connected health, smart environment, smart mobility and...
News Article | December 6, 2016
NEW YORK, Dec. 6, 2016 /PRNewswire/ -- KEY FINDINGSInternet of Things finds application in multiple verticals like smart energy, building and home automation, smart manufacturing, connected logistics, smart retail, connected health, smart environment, smart mobility and transport and...
News Article | March 1, 2017
NEW YORK, Feb. 28, 2017 /PRNewswire/ -- The global IoT in retail market is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the merging of digital and in-store operations in retail stores. Digital channels...