IoT Security Market Is Projected To Grow $35.2 billion by 2023 with CAGR of 33.7% |MarketsandMarkets™

It is one of the important aspects when it comes to securing the IoT ecosystem. It consists of wireless communication, remote access security, and gateway. Wireless communication is carried out with the help of various secure protocols, including LPWAN, Zig-bee, 6LowPAN, Bluetooth, Z-Wave, and NFC.

In the IoT ecosystem, a huge amount of data is communicated through remote devices; therefore, the security of this wireless communication plays a significant role in network security.

The integration of IoT with all these aspects helps reduce costs to develop, test, and deploy the interconnected networks in the ultimate energy grids. Security threats to energy networks include malware injections, denial of service, attacks on privacy, and thefts of data and energy.

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Key IoT Security Market Players

The major vendors in the market include Cisco (US), IBM (US), Infineon (Germany), Intel (US), Symantec (US), Gemalto (Netherlands), Allot (Israel), Fortinet (US), Zingbox (US), Mocana (US), SecuriThings (Israel), CENTRI (Germany), Armis (US), ForgeRock (US), and NewSky (US).