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The global IoT Security market is expected to grow at 17% until 2025

Global IoT Security market is expected to grow at a robust pace of around 17% until 2025 due to the growing demand for cloud-based services for authentication process and increasing number of malware attacks on IoT devices. Increasing expenditure by the major vendors operating in the industry on Internet of Things and enhancements is anticipated to positively impact the growth of market over the next few years. However, absence of standardization for IoT devices and lack of awareness of security risks is negatively impacting the market growth.

Tel Aviv | May 5, 2020

The global Internet of Things (IoT) security market size is expected to grow from USD 8.2 billion in 2018 to USD 35.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 33.7%

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