IoT Security Market Insights: Growth to $56.2 Billion by 2029
The global IoT security market size is projected to grow from USD 24.2 billion in 2024 to USD 56.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. Organizations face significant financial losses and reputational damage because of increasing cyberattacks on IoT devices. This has made the organizations aware and adopt robust security solutions to protect against threats like device hijacking, data theft, and supply chain intrusions. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=67064836 Based on the Offerings, the Solutions segment accounts for the highest market size during the forecast period. Organizations across industries experience the benefits of IoT, the complexity and vulnerability of their networks increase exponentially. For this, Providers such as IBM, Microsoft, Check Point, Fortinet, Atos offer IoT security solutions such as device authentication, data encryption, secu...