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Internet of Things (IoT) Security Market Estimated To Witness a Phenomenal Growth by 2026
Internet of Things (IoT) is an ecosystem of connected physical objects that are accessible through the Internet.

BriefingWire.com, 9/20/2019 - Internet of Things (IoT) is an ecosystem of connected physical objects that are accessible through the Internet. Internet of Things (IoT) involves creation of smart communication environment between smart homes, smart transportation, and smart healthcare systems with the help of several devices in a network that enables transmission of data within these devices such as WSN (Wireless Sensor Network), RFID (Radio Frequency Identification), cloud services, NFC (Near Field Communication), gateways, data storage & analytics, and visualization elements. Moreover, embedded software, hardware devices, IT services, and communication services are interconnected with IoT for monitoring, detecting, prevention of unauthorized access, and managing numerous interrelated devices, efficiently.

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Internet of Things security is used to protect and secure the network connecting IoT devices to back-end systems on the internet. Key features include traditional endpoint security such as antivirus and antimalware along with firewalls and interruption prevention and detection systems. IoT security authenticate an IoT device by managing multiple users of a single device platform, for example a connected car. Moreover it is ranging from simple static password or pins to more robust authentication mechanisms such as two-factor authentication, digital certificates and biometrics.

IoT Security Market Taxonomy

On the basis of component, the global IoT security market is segmented into:

Services

Solutions

On the basis of security type, the global IoT security market is segmented into:

Network Security

Application Security

Cloud Security

End-Point Security

Wireless Security

On the basis of application, the global IoT security market is segmented into:

Smart Manufacturing

Smart Energy and Utilities

Connected Logistics

Consumer wearable

Connected Healthcare

Smart Government and Defense

Connected Vehicles

Smart Retail

Major players operating in the global IoT security market are AT&T, Inc., Gemalto NV, Infineon Technologies, International Business Machines Corporation (IBM), Cisco Systems, Inc., Check Point Security Software Technologies Ltd., Verizon Enterprise Solutions, Symantec Corporation., PTC Inc., and Digicert.

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