Tag: Internet of Things

Global Internet of things (IoT) Security Market – GMI Research

Global Internet of things (IoT) Security Market – GMI Research

Global IoT Security Market by Security Type (Network Security, Cloud Security, End point Security, Application Security and Others), by Solutions (Security Analytics, Data Encryption, Identity Access Management (IAM), Unified Threat Management, Intrusion Detection Systems and Others), by Services (Professional and Managed), by End-User (Healthcare, Retail, Financial and Insurance Services, IT and Telecomm Services, Government and Defense Services and Others) and by Geography – Opportunities & Forecast, 2018-2025

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Internet of Things (IoT) security solutions help in providing security to the IoT enabled devices. These security solutions help in detecting the presence of the malicious software, and help the systems recover from such malicious attacks. The various types of the Internet of Things (IoT) security solutions are Identity Access Management (IAM), data encryption, security analytics, unified threat management, intrusion detection systems etc. Internet of Things (IoT) security solutions help in effective data management and monitoring of the interconnected devices.

Major factors driving the growth of the IoT security market include: increasing demand for IoT enabled devices, rising cyber-attacks, and adoption of cloud technologies by organizations. For instance, the growing trends of Bring Your Own Device (BYOD), which raises concerns about data security, because individuals are using different devices in their workplace, which in turn increases the threat of data loss. Due to this, organizations are moving towards Internet of Things (IoT) security-enabled devices. However, lack of awareness about benefits, the availability of security method and the high costs of installation are some factors that are restraining the growth of the IoT security market. Also, lack of expertise people is also inhibiting the growth of the IoT security market.

Various notable players operating in the market, include PTC, Inc, Juniper Networks Inc., Macafee LLC, Symantec Corporation, Cisco Systems, Inc, Verizon Enterprise Solutions, Trustwave, Infineon Technologies, IBM Cooperation, Check Point Security Software Technologies Ltd., Gemalto NV, AT&T, Inc., among others. Some major players are focusing and working on secure and encrypt technologies for data and systems protection and employee safety. For instance, in Jul 2018, Check Point Software Technologies Ltd launched CloudGuard to protect from Gen V cyber-attacks on cloud applications.

The Global IoT security market has been segmented on the basis of security type, solutions type, services type, end user and key geographies. Based on security type, the market is segmented into network security, cloud security, endpoint security, application security, and others. On the basis of solutions, the market is categorized into security analytics, data encryption, Identity access management, unified threat management, intrusion detection systems, and others. Based on services, the market is segmented into professional and managed. Based on the end user, the market is segmented into healthcare, retail, financial and insurance services, IT and telecom services, government and defense and others.

The research report “global IoT security market” provides in-depth analysis of global hearing implants market based on security type, solutions, services, end-user and major geographies for the forecast period from 2018 to 2025. The report also highlights major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global IoT security market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report
1- At what pace is the IoT security market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the IoT security market?
4- What are the various application areas and how they are poised to grow?

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Market Segmentation
By Security Type
• Network Security
• Cloud Security
• End point Security
• Application Security
• Others

By Solutions
• Security Analytics
• Data Encryption
• Identity Access Management (IAM)
• Unified Threat Management
• Intrusion Detection Systems
• Others

By Services
• Professional
• Managed

By End User
• Healthcare
• Retail
• Financial and Insurance Services
• IT and Telecom
• Government and Defense
• Others

By Geography
• North America
As a part of the customization
o By Security Type
o By Solutions
o By Services
o By End User
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Security Type
o By Solutions
o By Services
o By End User
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Security Type
o By Solutions
o By Services
o By End User
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Security Type
o By Solutions
o By Services
o By End User
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• PTC, Inc.
• Symantec Corporation
• Juniper Networks Inc.
• Verizon Enterprise Solutions
• Trustwave Holding Inc.
• Infineon Technologies
• Mcafee LLC
• Check Point Security Software Technologies Ltd.
• Gemalto NV
• AT&T, Inc.

*Other prominent players in the market which can be profiled as a part of customization:
• Trend Micro Inc.
• Cisco Systems Inc.
• IBM Cooperations
• DigiCert Inc.
• Arm Holdings
• NXP Semiconductors
• Inside Secure

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Global Healthcare IoT Market exhibited a value of USD 66,102.3 million in 2017

Global Healthcare IoT Market exhibited a value of USD 66,102.3 million in 2017

Inpatient management in 2017 held the maximum share in the global healthcare iot market and is expected to witness a significant growth during the forecast period (2018-2025) owing to technological advantage and cost effectiveness – GMI Research

The global healthcare IoT market exhibited a value of USD 66,102.3 million in 2017, and is projected to reach USD 305,980.9 million by 2025, growing at a CAGR of 21.2% during 2018–2025.

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The key factors boosting the market growth are:
•    Increase in the prevalence of chronic diseases, such as heart failure, obesity, diabetes and hypertension that are boosting the demand for technologically advanced medical devices.
•    New tech generation connected medical devices enabling real-time patient monitoring; thereby, helping the medical professionals to swiftly respond to the patients’ needs.
•    The growing geriatric population, and the high unmet medical needs for home healthcare and long-term healthcare services.

Furthermore, increasing adoption of new generation medical devices at hospitals and clinics, growing incidence of chronic diseases, rising technological advancement and spending on healthcare facilities across the globe have led to the burgeoning market growth of healthcare IoT market.

Medical device product type is expected to dominate the global healthcare IoT market during the forecast period. In 2017, more than half of the market share was held by the medical device. However, systems and software product type is expected to witness the fastest growth rate in the coming years on account of growing adoption among healthcare professionals and patients due to extreme advancement in technology.

The healthcare practitioners are using technology platforms to serve the growing hospital and patient needs. Additionally, numerous routine activities such as patient data recording, storage of data and data analysis have been streamlined using software’s and cloud storage systems, leading to significant reduction in healthcare operational costs and errors. The penetration of technologically advanced connected medical devices, introduction of smart phones, and use of software automation, to enable faster and accurate patient testing, and provide better accuracy, ease of usage & portability is expected to serve Internet of Things in healthcare market as high-impact rendering driver over the forecast period.

“Market leaders and key players consistently investing in research & development activities to keep their leadership in the competitive healthcare IoT market. Further, the healthcare IoT market is witnessing significant growth in Asia-Pacific due to growing number of chronic disease population in the region, specifically, in the countries, such as China and India.”
—-GMI Research

In 2017, North America held the largest share in the market on the back of increased adoption of technology, high volume of hospitals & clinics procedures and need of accurate diagnosis. In addition, there has been a rise in incidence of chronic disease and; hence, increased government and private funding on healthcare infrastructure. Europe is a third fastest growing region for healthcare IoT market and is predicted to grow at a moderate rate during the forecast period.

Key takeaways:
•    In 2017, the hospitals and clinics held most of the market share.
•    Cisco Ltd, Medtronic Plc and Phillips, and IBM are the leading players holding approximately around one third of the market share.
•    The systems and software product type is anticipated to grow at the highest rate during the forecast period from 2018 to 2025.
•    North America region occupied the maximum revenue share in the global healthcare iot market in 2017.

Some of the key players operating in the global healthcare IoT market include Cisco Systems, Inc, Koninklijke Philips N.V, IBM Corporation, Stanley Healthcare, Medtronic plc, Qualcomm Life, Inc, Honeywell Care Solution, Microsoft Corporation, GE Healthcare & Apple Inc and others.

The global healthcare IoT market has been segmented on the basis of product type, application type, end user and key geographies. Based on product type, the global healthcare IoT market comprises of medical devices, systems and software, and services. The application type includes clinical and work flow management, telemedicine, inpatient management and others. The end user segment includes, clinical research organizations, diagnostic laboratories, hospitals & clinics and others.

The research report on healthcare IoT market provides in-depth analysis of the global healthcare IoT market, based on: product type, application type, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for healthcare IoT market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

For more details, browse the Table of Contents: https://www.gmiresearch.com/report/global-healthcare-iot-market-2108-2025-share-nih-trends-medical-device-software-application.html


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