TOP 10 COMPANIES IN IOT SECURITY MARKET

The IoT Security Market is expected to reach $59.16 billion by 2029, at a CAGR of 21.2% during the forecast period of 2022 to 2029. The rising number of IoT security regulations, the growing significance of IoT security solutions in the manufacturing sector and increasing IoT deployment are the major factors driving the growth of this market. In addition, the development of smart infrastructure and the growing need for IoT security solutions among SMEs are expected to offer significant growth opportunities for the growth of this market. However, failure to manage device updates restrains the growth of this market to a certain extent.

Here are the top 10 companies operating in the IoT Security Market

Cisco Systems, Inc.

Incorporated in 1984 and headquartered in California, U.S., Cisco Systems, Inc. designs and sells a broad range of technologies that power the Internet. Its intent-based technologies continuously learn and adapt to provide customers with highly secure, intelligent platforms for their digital businesses across networking, security, collaborations, applications, and the cloud. The company operates through four business segments – Infrastructure Platforms, Services, Applications, and Security. The company offers advanced technologies such as IP, security, home networking, optical networking, storage area networking, and wireless portals.

The company has a presence across the Americas, EMEA, and APJC through its subsidiaries and a strong distribution network. Some of its subsidiaries are Cisco WebEx, Inc. (U.S.), OpenDNS (U.S.), and BroadSoft, Inc. (U.S.). As of July 2021, the company had a headcount of 79,500 across the world.

Palo Alto Networks, Inc.

Incorporated in 2005 and headquartered in California, U.S., Palo Alto Networks, Inc. is the global cybersecurity leader, continually delivering innovation to enable secure digital transformation. The company offers zero trust network security, cloud security, SASE, security analytics & automation, threat intelligence, and security consulting services. The company operates through two business segments – Product and Subscription and Support. In addition, the company provides cybersecurity and IoT strategies to detect, prevent, and resolve IoT security risks. The company’s IoT security framework includes end-to-end visibility solutions through vulnerability management, asset management, EDR, ZTNA, and NAC.

With its subsidiaries and strong distribution network, the company has its presence across the Americas, EMEA, and APAC. Some of its subsidiaries are ZingBox Inc. (U.S.), RedLock Inc. (U.S.), Aporeto Inc. (U.S.), and Demisto (U.S.). As of July 2021, the company had a headcount of 10,473 across the world.

Fortinet, Inc.

Founded in 2000 and headquartered in California, U.S., Fortinet, Inc. is a leading provider of security appliances. The company’s portfolio of security gateways, subscription services, and complementary products delivers network, content, and IoT security for enterprises of all sizes, service providers, and telecommunications carriers. The company operates through two business segments – Product and Service. The company’s IoT security portfolio comprises identity gateway intelligent access, IoT identity broker, identity governance, and endpoint detection and response services.

The company has its geographical presence across the Americas, EMEA, and APAC through its subsidiaries and a strong distribution network. Some of its subsidiaries are Meru Networks (U.S.), Panopta (U.S.), Sken, Inc. (U.S.), and enSilo, Inc. (U.S.). As of December 2021, the company had a headcount of 10,195 across the world.

ForgeRock, Inc.

Incorporated in 2010 and headquartered in San Francisco, U.S., ForgeRock, Inc. is a global leader in digital identity management. The company delivers modern, comprehensive identity and access management solutions for consumers and IoT. The company operates through two business segments – Subscriptions and Perpetual Licenses and Professional Services. The company’s IoT security portfolio comprises the identity of things, identity and access management, and identity gateway.

The company has its geographical presence across the Americas, EMEA, and APAC through its subsidiaries and a strong distribution network. Some of its subsidiaries are ForgeRock US, Inc. (U.S.). As of December 2021, the company had a headcount of 786 across the world.

Rapid7, Inc.

Founded in 2000 and headquartered in Massachusetts, U.S., Rapid7, Inc. is a leading security data and analytics service provider. The company offers IT security solutions that help make informed decisions and create credible action plans. The company operates through two business segments – Products and Professional Services. The company’s IoT security portfolio comprises vulnerability risk management, incident detection and response, application security, cloud security, and security orchestration and automation response

The company has its geographical presence across the U.S., Canada, Europe, Asia-Pacific, and Australia through its subsidiaries and a strong distribution network. Some of its subsidiaries are Mobilisafe, Inc. (U.S.), Alcide.IO Ltd. (Israel), NT OBJECTives, Inc. (U.S.), and Komand, Inc. (U.S.). As of December 2021, the company had a headcount of 2,353 across the world.

Meticulous Research in its latest publication on IoT Security Market has predicted the growth of 21.2% during the forecast year 2022-2029.

Karamba Security Ltd.

Founded in 2015 and headquartered in Israel, Karamba Security Ltd. is the leading provider of endpoint security solutions. The company provides embedded cybersecurity solutions to offer protection from cyber-attacks to all types of connected systems, including automotive ECUs, Industry 4.0 controllers, enterprise edge devices, and IoT endpoints. The company’s IoT security portfolio comprises vulnerability management systems, intrusion detection and prevention system, and device authentication and management. The company has its presence across Israel, U.S., and Germany.

Note: Karamba Security Ltd is a privately held company, and no financial information is available in the public domain.

Checkpoint Software Technologies, Ltd.

Incorporated in 1993 and headquartered in Israel, Check Point Software Technologies Ltd. is a leading provider of cybersecurity solutions. The company specializes in providing network, endpoint, and data security solutions. Also, the company offers a multilevel security architecture called Infinity Total Protection with Gen V advanced threat prevention. This combined product architecture defends an enterprise’s cloud, network, and connected devices.

The company operates through three business segments – Product and Licenses, Security Subscriptions, and Software Updates and Maintenance. The company’s IoT security portfolio comprises endpoint protection, data loss prevention, advanced threat prevention, and security compliance.

The company has its geographical presence across the Americas, Europe, the Middle East and Africa, and Asia-Pacific through its subsidiaries and a strong distribution network. Some of its subsidiaries are Avanan, Inc. (U.S.), Odo Security Ltd. (Israel), and Zone Labs, L.L.C. (U.S.). As of December 2021, the company had a headcount of 2,626 across the world.

JFrog Ltd.

Founded in 2008 and headquartered in California, U.S., JFrog Ltd. is a leading provider of binary repository management solutions. The company offers solutions for artifact management, security & compliance, and CI/CD. The company’s IoT security portfolio comprises the JFrog artifactory, JFrog pipeline, JFrog container registry, JFrog xray, JFrog distribution, and JFrog connect. Moreover, the company provides end-to-end DevOps solutions that continuously update & secure IoT devices and inform & automate security strategies for applications & systems.

The company has its geographical presence across the United States, Israel, and the Rest of the World through its subsidiaries and strong distribution network. Some of its subsidiaries include VDOO Connected Trust Ltd. (Israel), Upswift Ltd. (Israel), CloudMunch Inc. (U.S.), and Shippable (U.S.). As of December 2021, the company had a headcount of 1,000 across the world.

Broadcom, Inc.

Founded in 1961 and headquartered in California, U.S., Broadcom Inc. is a global technology leader that designs and develops a broad range of software solutions. Broadcom’s leading product portfolio serves critical markets, including data centers, networking, enterprise software, broadband, wireless, storage, and industrial. The company operates through two business segments – Semiconductor solutions and Infrastructure software. The company provides infrastructure and cybersecurity solutions for monitoring and securing IoT devices.

The company has its presence across the Americas, Asia Pacific, Europe, and the Middle East & Africa through its subsidiaries and strong distribution network. Some of its subsidiaries include CA Technologies (U.S.), Brocade Communications Systems (U.S.), LSI Corporation (U.S), Broadcom Corporation (U.S.), and Agere Systems LLC (U.S.). As of October 2021, the company had a headcount of 20,000 across the world.

ARMIS Inc.

Founded in 2015 and headquartered in Palo Alto, California. U.S. Armis, Inc. is a leading enterprise-class agentless device security platform that addresses the new threat landscape of unmanaged and IoT devices. The company provides real-time and continuous cyber-security management. It offers critical security controls (CIS), MITRE ATT&CK for ICS, NIST (National Institute of Standards and Technology), and zero trust solutions and provides overall control of every device available on its network to detect the threat and resolve issues. Insight Partners, Inc. acquired Armis, Inc. in February 2020. The company has its geographical presence across the U.S., Australia, and Israel.

Note: Armis, Inc. is a privately held company, and no financial information is available in the public domain.

Authoritative Research on the IoT Security Market – Global Opportunity Analysis and Industry Forecast (2022-2029)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.