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Europe Iot Security Market Forecast 2021-2026

KEY FINDINGS
The Europe IoT security market is estimated to record a CAGR of 21.30% during the forecast period, 2021-2026. Many organizations in Europe are dependent on digital networks and infrastructure, making them vulnerable to cyberattacks. Also, the increasing need for better risk and compliance solutions, and the growing penetration of the internet, are set to contribute to market growth.

MARKET INSIGHTS
The Europe IoT security market growth evaluation includes the assessment of France, Poland, Belgium, the United Kingdom, Germany, Italy, Russia, and the rest of Europe. In France, the rising affordable high-speed internet access and wireless connectivity are projected to sustain the demand for systems integration, in terms of omnichannel commerce solutions and e-commerce. Further, the launch of 5G is expected to boost the development of solutions in artificial intelligence and IoT. Such factors are set to propel market growth in France.
The Russian IT market is one of the largest IT markets. The IoT ecosystem is growing in the country, backed by economic recovery and huge investment in smart infrastructure and the manufacturing sector. Also, the rising need for connectivity, due to the increasing tech-savvy population boosts the demand for IoT. Further, the setting up of smart power grids, smart transportation, smart cities, and smart home appliances, offers growth opportunities for IoT. Moreover, industrial companies are integrating smart elements at their manufacturing facilities, while the state is initiating programs to create smart factories. The number of internet users is estimated to reach 124 million by 2025. Such developments are set to propel market growth in Russia.

COMPETITIVE INSIGHTS
Some of the eminent companies in the market include, Broadcom, Thales Digital Identity & Security, Trend Micro Inc, Infineon Technologies AG, Intel Corporation, etc.

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Europe Iot Security Market Forecast 2021-2026
Published By :Inkwood Research
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