Market Trends:
The growing adoption of IoT devices in various industries, such as healthcare, transportation, and manufacturing, is driving the demand for IoT security solutions. The increasing number of cyberattacks targeting IoT devices and networks is also bolstering the market growth. Additionally, the rising trend of remote work and the need for secure connections between devices and networks are further propelling the demand for IoT security solutions.
The market is also being driven by the rising adoption of cloud-based IoT security solutions, which offer scalability, cost-effectiveness, and ease of deployment. Furthermore, the emergence of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), is expected to enhance the capabilities of IoT security solutions, further driving the market growth.