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United States Iot Security Market Forecast 2021-2026

The United States IoT security market is predicted to record a CAGR of 21.15% during the forecast period, 2021-2026. The increasing demand for security solutions is accredited to the growing demand for security solutions for cloud technology. Moreover, the intense virtualization has led to the vulnerability of networks to threats like malware or defective processes.

The United States is considered as one of the early adopters of technologies like mobility, big data, and IoT, offering market growth opportunities. Also, the rising security concern in the BFSI sector with regard to safeguarding user identity and securing financial data will contribute to market growth. Most end-users like retail, e-commerce, government, defense, transportation, healthcare, etc., are moving towards digitalization. They are increasingly incorporating friendly smart devices and internet networks.
Further, the trend of machine learning, seamless connectivity, and artificial intelligence, are becoming integrated across various IoT applications. For instance, the COVID-19 pandemic has surged the demand for wirelessly connected devices in the healthcare sector. This has also increased the concerns regarding the privacy and security of the patient data. Moreover, the trend of smart homes has increased the demand for connected cameras, smart speakers, smart locks, etc. The constrained nature of IoT devices, in terms of resource, restrict the implementation of standardized security solutions. This makes smart homes vulnerable to security threats. There are almost 30 million US households estimated to incorporate smart home technology. Such factors are expected to result in market growth opportunities.

Some of the prominent companies in the market include, IBM Corporation, Fortinet Inc, Palo Alto Networks Inc, Microsoft Corporation, Intel Corporation, Cisco Systems Inc, etc.

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