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Global Cellular Connectivity IoT Network Security Market to Grow at a CAGR of 24.50% During 2022-2027, Propelled by the Growing Trend of Remote Working and E-Learning

Published on Oct 12, 2022

The latest report by IMARC, titled “Cellular Connectivity IoT Network Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global cellular connectivity IoT network security market is expected to exhibit a CAGR of 24.50% during the forecast period (2022-2027). Cellular connectivity IoT network security refers to cybersecurity strategies and protection mechanisms that are used to safeguard and protect the integration of telecommunication with the internet. It includes numerous solutions, such as intrusion prevention systems, data encryption and tokenization, identity access management, and device authentication and management. Cellular connectivity IoT network security fixes vulnerabilities, identifies and monitors risks, and helps avoid security threats and breaches. In recent years, cellular connectivity IoT security has gained momentum as it is widely utilized in numerous industry verticals, including manufacturing, telecommunication, healthcare, energy and utilities, government, and transportation.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will be integrated into the report.

Global Cellular Connectivity IoT Network Security Market Trends:

One of the primary factors driving the market is the rising prevalence of security breaches and the increasing popularity of IoT-based solutions. Additionally, the rising popularity of narrowband internet of things (NB-IoT) systems that are integrated with the existing mobile networks to provide encrypted data transfer, device-level access, effective communication, and improved end-to-end security are creating a positive market outlook. Other than this, the emerging trend of remote working and e-learning platforms due to the sudden outbreak of coronavirus disease (COVID-19) is also escalating the demand for cellular connectivity IoT network security. Besides this, the growing consumer concerns about unauthorized intrusions in the corporate sector to prevent data losses and safeguard the network infrastructures are positively influencing the market growth. Moreover, the increasing commercialization of 5G in developing economies, the shifting preferences toward cellular IoT weather monitoring and infrastructure security are other major growth-inducing factors.

Market Summary:

  • Based on the end use industry, the market has been divided into telecom, manufacturing, energy and utilities, healthcare, government, transportation, and others.
  • Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been analyzed, with some of the key players being Aeris Communications India Pvt. Ltd, Allot, Asavie (Akamai Technologies), Check Point Software Technologies Ltd., Emnify, Ericsson AB, FirstPoint, FORESCOUT, Fortinet Inc., Pod Group (Giesecke+ Devirient), Nokia Corporation, Palo Alto Networks, Subex Limited, Tempered Networks In., and ZARIOT.
     

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