Technavio Announces Top Five Vendors in the Global IoT Security Market Until 2020

LONDON--()--Technavio has announced the top five leading vendors for the global IoT security market in their latest research report. This report also lists 12 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, we considered revenues generated from the sales of network security solutions including hardware, software, and services (including managed services) provided by vendors.

The report provides a detailed analysis of the following:

  • End-users: Utilities, automotive, and healthcare
  • Network security components: Hardware, software, and services
  • Regions: The Americas; Europe, the Middle East, and Africa (EMEA); and APAC

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“The growing number of connected devices in organizations across the globe is driving the demand for IoT security. Connected devices include imaging devices with cellular communications, portable navigation devices, and media players. In 2015, the number of connected devices across the globe was 10.83 billion. By 2020, the number will reach 41.15 billion,” said Amrita Choudhury, one of Technavio’s lead analysts for IT security.

“With an increase in the number of connected devices, it is difficult for organizations to monitor, manage, and maintain data traversing between these devices through wired and wireless networks. Thus, the need for IoT security solutions increases among organizations in order to maintain data confidentiality,” added Amrita.

Top five leading vendors in the global IoT security market:

Cisco Systems

Cisco Systems offers products and services related to IT and communications industries across the globe. The company's products and security solutions include switches, IP phones, workstations, access points, call center and messaging products, telepresence systems, firewalls, intrusion prevention, cloud managed solutions, fabric interconnects, and data center products.

The products and solutions provided by the company include, Cisco 3000 Series Industrial Security Appliances (ISA), Cisco AMP, Cisco AMP Threat Grid, Cisco ASA 5506H-X with FirePOWER Services Ruggedized Security Appliance, Cisco FirePOWER Next-Generation Intrusion Prevention Service (IPS), and Cisco Identity Services Engine.

GE (Wurldtech Security Technologies)

Wurldtech Security Technologies is a software company that provides cyber security solutions for connected devices to prevent persistent and dynamic cyber threats. The company provides innovative assessment products to discover and analyze different threats and vulnerability profiles and to mitigate known vulnerabilities in installed networks with Achilles Threat Intelligence Software. The products and solutions provided by the company include Achilles Industrial Next-gen Firewall, Achilles Test Platform, Achilles Test Software, and OpShield.

Infineon Technologies

Infineon Technologies, a Germany-based company, develops semiconductors and system solutions for automotive and industrial electronics, chip cards, and security applications. Its operations are diversified across four main divisions: industrial power control, automotive, power management, and chip card and security. The industrial power control division designs and manufactures semiconductors and system solutions for use in industrial electronic applications and for customer-specific product requirements. The automotive division offers semiconductors for use in automotive applications. The power management division focuses on components for power management of high-frequency applications. The chip card and security division offers different security controllers and security memories for chip card and security applications.

Intel

Intel manufactures integrated digital technology platforms. The company sells these platforms to OEMs, original design manufacturers, and industrial and communications equipment manufacturers in different industries. Their platforms are used in applications such as PCs, data centers, tablets, smartphones, automobiles, automated factory systems and medical devices. Intel also develops and sells software and services primarily focused on security and technology integration. It offers platforms that incorporate different components and technologies, including a microprocessor and chipset.

Symantec

Symantec is headquartered in Mountain View, California, US. The company is a worldwide leader in security, backup, and availability solutions. Its products and services are designed to protect information in any environment. The company's products and services range from mobile devices to enterprise data centers and cloud-based systems.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

Technavio has announced the top five leading vendors for the global IoT security market in their latest research report from 2016-2020.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com