The global Internet of Things security market was valued at US$ 5,654.5 Mn in 2016 and is projected to reach US$ 49,502.5 Mn in 2026 at a CAGR of 34.9% from 2017 to 2026. By network security component: Hardware segment is estimated to register a CAGR of over 34.4%. By end user: Industrial sector segment is expected for highest revenue share among the end user segments, registering a CAGR of over 34.6% over the forecast period. By region: The market in The Americas accounted for highest revenue share in the global Internet of Things (IoT) security market in 2016, and is expected to record highest CAGR of over 33.2% between 2017 and 2026.
CAGR Of 34.9%: Global Internet of Things (IoT) Security Market about to hit CAGR of 34.9% from 2017 to 2026