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Report overview
The global IoT Security Services market size was valued at US$ 5.67 billion in 2024 and is projected to reach US$ 15.89 billion by 2030, at a CAGR of 18.7% during the forecast period 2024-2030.
The United States IoT Security Services market size was valued at US$ 1.89 billion in 2024 and is projected to reach US$ 4.98 billion by 2030, at a CAGR of 17.5% during the forecast period 2024-2030.
Managed security services for IoT devices and networks.
The global market is growing rapidly, driven by security threats. In 2023, total service contracts reached 250,000, with enterprise clients accounting for 60% of demand. The SME segment is growing at 20.2% annually. The market saw a 58% increase in demand for managed services in 2023. Managed security services dominate with a 65% market share, while consulting services are growing at 21% annually. North America leads with a 42% market share, while Asia Pacific is the fastest-growing region at 19.8% CAGR. The industry is focusing on developing automated threat response, with a 65% growth in R&D investments.
Report Overview
IoT security is the area of endeavor concerned with safeguarding connected devices and networks in the Internet of things (IoT).
IoT Security Services Market provides a deep insight into the global IoT Security Services market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global IoT Security Services Market, IoT Security Services Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, IoT Security Services Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the IoT Security Services market in any manner.
Global IoT Security Services Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
