IoT Security Global Market to Reach $15.06 Billion by 2026 at a CAGR of 31.2%
The global IoT security market is expected to grow from $3.86 billion in 2021 to $5.09 billion in 2022 at a compound annual growth rate (CAGR) of 31.7%.
- The global IoT security market is expected to grow from $3.86 billion in 2021 to $5.09 billion in 2022 at a compound annual growth rate (CAGR) of 31.7%.
- The market is expected to reach $15.06 billion in 2026 at a CAGR of 31.2%.
- The emergence of smart city concept is the driving force for the rise in demand for IoT Security.
- Lack of awareness regards the importance of IoT security and risk mitigating measures among the people may hinder the IOT security market growth.