NEW RESEARCH ON IOT SECURITY SHOWS NONE OF THE 150 GLOBAL VENDORS OFFER A HOLISTIC END-TO-END SOLUTION
The 2017 list of IoT security companies contains extensive information on 150 independent IoT security vendors, including classification based on capabilities, revenue, and industry focus.
PRESS RELEASE: Hamburg, Germany – July 26, 2017 // IoT Analytics, a leading provider of market insights and strategic business intelligence for Industry 4.0 and the Internet of Things (IoT), just released its inaugural Global IoT Security Companies List. The comprehensive database, which is the first of its kind on the market, includes 150 IoT Security companies worldwide.
With billions of IoT devices now connected to the internet and many new threats emerging, cybersecurity is evolving quickly into the main concern for businesses and consumers alike. Most of the independent security vendors analyzed have a background in either traditional IT security or in OT security. While all are adapting their security solutions in the IoT context, at this stage no single vendor has an offering that covers all 21 analyzed technology elements of an end-to-end IoT security solution. The most comprehensive vendors cover 12 out of the 21 elements. Many only focus on one or two of the 21 elements (e.g., chip security, or update and patch management).
Commenting on the list, IoT Analytics Managing Director Knud Lasse Lueth said: “The results of the meta-analysis of the list are somewhat alarming: Uncertainty about system security is currently limiting overall IoT market growth. At the same time attacks on IoT systems are on the rise. From an end-user point of view, it can be preferable to work with one vendor that can provide a solution to all or most types of attacks. That vendor does not exist today, probably because the landscape is just too complex. However, I expect that one of the companies on that list will become that go-to IoT Security company in the coming 4-6 years.”
The IoT Security database itemizes the 150 market participants in greater detail across 60 sets of information.
Technology insight: The majority of IoT security companies tend to focus on specific areas of IoT security. Most of the companies focus on unified threat management (41%) and activity monitoring (30%). Many companies partner with other vendors to provide holistic end-to-end security for the overall IoT solution.
Segment insights: Of the 12 industries analyzed, most of the vendors focus on supporting IoT Security Solutions in Industrial/Manufacturing (52%), Government, Public Services, Military & Defense (47%) and Healthcare verticals (47%). Followed by Energy (52%), Connected car (30%) and Retail (29%). Compared to the number of enterprise IoT projects tracked, focus on healthcare security appears to be above average while Smart City Security seems to be underserved by the vendors.
Regional insights: Even though IoT security companies from 17 countries worldwide are represented, more than two thirds of the firms in the list are headquartered in the US.
Market dynamics insights: More than one third of the IoT security companies listed have started operating within the last 5 years. Most funding has been invested in IoT security companies offering infrastructure and endpoint security. Total funding stands at $6.8B but a large part of that has gone into companies mainly focusing on IT security.
Note: The list only considers those that offer independent IoT security products, not those that secure their own IoT platform or IoT solution in-house.
Apart from general company information, the 2017 IoT Security database includes the following insights:
- Ranking of platforms by revenue
- Information on security capabilities for each vendor across four layers:
- Lifecycle Management
- Valuable business insights for each vendor:
- Estimated company revenue
- Security company classification by industry
- Funding information such as funding, investors, acquisitions (if available)
- Link to the companies’ IoT security product example
- Separate charts highlighting key IoT Security takeaways
- Breakdown by industry
- Breakdown by technology
- Breakdown by country
- Breakdown by operating region
For more on IoT security from our research stream, look out for our IoT Security Market Report 2017-2022 to be released in August 2017.
IoT Security Companies mentioned (selected vendors only):
ARM, Bayshore Networks, Cisco, Device Authority, Dell, Endian, Forescout Technologies, Gemalto, HPE, IBM, Infineon Technologies, Intel, Juniper, Kaspersky Labs, Lightcyber, Microsoft, Mocana, NXP, Palo Alto, Risucre, Symantec, Thales e-Security, Utimaco, Venafi, Wurldtech, ZingBox
Database Structure – IoT Security Companies List 2017
- General Information
- Company Name
- Company Description
- IoT Security Product Strategy (Horizontal, Vertical, No specific)
- Operating Geographic Presence (North America, EMEA, APAC, Latin America)
- Headquarters Location (City, State, Country)
- Technology Focus Area
- Device layer (Physical security, Data at Rest, Chip security, Secure Boot, Device authentication, Device Identity Management)
- Communication layer (Access Management, Network firewall / IPS / IDS, E2E encryption)
- Cloud layer (Data at Rest & Data Loss Protection, Cloud Platform Security & Application Integrity, Unified threat management)
- Lifecycle management (Update & Patch management, Risk assessment, Policy Enforcement & Auditing, Vendor Control, Activity Monitoring, Secure decommissioning, User Awareness Assessment & training)
- Other (Consulting, Prof. Services, Testing, Training, Other technology)
- Segment Focus
- Connected car
- B2C – Wearables and other Consumer IoT
- Government, Public Services, Defense & Military
- Energy, Power, Oil & Gas
- Healthcare / Medical devices
- Industrial / Manufacturing
- Retail / Hospitality
- Smart Cities, Smart Buildings
- B2C – Smart Home
- Supply Chain, Logistics
- Transportation, Rail, Avionics, Aerospace
- Financing Information (if available)
- Total Funding
- Number Of Funding Rounds
- Lead investor
- Investments / acquisitions
- Further Information (if available)
- License Model
- Deployment Model
- Key capabilities
- Other Business Focus Areas
- IoT Security Revenue Estimate (USD$M)
- Acquired / Subsidary Comment
- Notable IoT security partnerships
- IoT Security Product Example
About IoT Analytics
IoT Analytics is the leading provider of market insights & competitive intelligence for the Internet of Things (IoT), M2M, and Industry 4.0. The specialized data-driven research firm helps more than 40,000 Internet of Things decision-makers understand IoT markets every month. IoT Analytics tracks important data around the IoT ecosystem such as M&A activity, Startup funding, company projects, use cases and latest developments. Product offerings include in-depth market reports, technical whitepapers, sponsored research, regular newsletter, as well as Go2Market and consulting services. As a research pioneer, IoT Analytics combines traditional methods of market research such as interviews and surveys with state-of-the art web-mining tools to generate high-caliber insights.
IoT Analytics is headquartered in Hamburg, Germany.
For more information, visit www.iot-analytics.com
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