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The Europe IoT Security Market size would grow at a growth rate of 31.3% CAGR during the forecast period (2016 - 2022).
IoT security concerns with creating a safe environment for connected devices and networks in the Internet of things (IoT). The Internet of Things encapsulates objects and entities? known, in this context as things -- with unique identifiers and with an ability to automatically transfer data over an established network. Larger part of the share in IoT communication emerges from computing devices and embedded sensor systems used in industrial machine-to-machine (M2M) communication, smart energy grids, home and building automation, vehicle to vehicle communication and wearable computing devices. To improve security levels of IoT devices, the network access must be restricted and should be segmented into its own secure network.
The secure networks must then be under surveillance and monitored for activities that are not authorized. Potential threats must be monitored and action should be taken in cases where breach is eminent. The different types of IOT highlighted in the report include network IOT Security, endpoint IOT Security, application IOT Security cloud security and others. Network Security is the dominant segment across all applications. The most promising growth is witness in Cloud security during the forecast period. Based on the Solution Type, the IoT Market is segmented into Identity & Access Management, Threat Intelligence, Encryption, Unified Threat Management, Data Loss Protection, Intrusion DetectionPrevention System, Distributed Denial of Service Protection, Network Forensics, Device Management and Others. Identity & Access Management dominated the solution market throughout the period.
The application segment of IOT covered in the report are Building and Home Automation, Customer Information Security, Supply Chain Management, Manufacturing Process Management, Patient Information Management, Communication Technology Management, Telematics, Energy and Utilities Management, Wearable and Others. The verticals discussed in the report include BFSI, Retail, Manufacturing, Healthcare, Transportation, Government, Energy & Utilities, Telecommunication & IT and Others. The report also covers country-wise segmentation of Europe IOT Security market.
The countries covered in the reports are Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany is the dominating country in the Europe IoT Security market. Rest of Europe would witness maximum CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the IoT Security market. Key companies profiled in the report include IBM Corporation, Symantec Corporation, HP Enterprise Company, FireEye, Inc., Intel Corporation, Cisco Systems, Inc., Check Point Software Technologies and Infineon Technologies AG.