Global internet of things (IOT) in security market is expected to grow with a CAGR of around 37% during the forecast period 2016-2023. The rising security concerns for critical infrastructure is one of the major factor which is increasing the demand of internet of things (IOT) in security in global market. Increasing deployment of internet of things across various verticals such as BFSI, retail, healthcare, etc. is rising security concerns for critical infrastructure that is driving the growth in the global internet of things (IOT) in security market. In addition to driving factor there are factors such as necessity of technological skills is one of the key restraining factors that is restricting growth of the global internet of things (IOT) in security market.

North America held the highest revenue share in 2016 in global internet of things (IOT) in security market. Growth in North American market is majorly driven by the increasing adoption of social media. Asia pacific internet of things (IOT) in security market is expected to grow with an impressive CAGR during the forecast period 2016-2023. Growth in the region is mainly driven by massive expenditure by country such as India and China for the development of new security and surveillance system in the region that is creating huge growth opportunity for internet of things (IoT) in security market.

Global internet of things (IOT) in security market is filled with number of players. Key players actively working for the development of new technology are IBM Corporation (U.S.), Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), Symantec Corporation (U.S.), Huawei Technologies (China), Hewlett Packard Enterprises (U.S.) and Gemalto NV (Netherland), Ltd etc. all such players are adopting various strategic initiative such as product development, investment, research and development, expansion, etc. to sustain in the dynamic market.

Internet of things (IoT) in security market is segmented on the basis of service, application, solution, type, vertical and geography. The service segment in internet of things in security market report are professional service and managed service. The type segment included in internet of things in security market report are application security, cloud security, endpoint security, network security and others. The application of internet of things in security includes asset optimization, building and home automation, communication technology management, customer information security, energy and utilities management, manufacturing process management, patient information management, supply chain management, telematics, wearables and others.