IoT Security Market Is Estimated to Grow at a Cagr +34% by 2023
The major factors driving the market are increased sophistication of cyber-attacks and growing dependency on the connected devices. IoT Security market is estimated to grow from USD 6.17 Billion in 2016 to USD +26.00 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of +34%. Also rising security needs of Internet of Things (IoT) and increased deployment of web & cloud-based business applications are also boosting the growth of the market.
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