Technology

Internet of Things (IoT) Security Market Begins to Take Bite Out of Versioned Long Term Growth

NEW JERSEY,Washington: U.S. is the most mature market for the ICT industry. However, the industry in the country is expected to witness steady growth owing to presence of major multinational firms, continuous innovations and consumer demand for advanced technologies. Moreover, advent of V2V communication and 5G technologies in the country are expected to provide major scope for growth in the next few years. Cost saving through the advent of such technologies is among the major benefits.

An informative study on the Internet of Things (IoT) Security market from 2020-2027 has lately released for the database of global info reports that helps by making business conclusions and shape the future of the organizations. 

Demand for faster internet speeds owing to increasing connectivity in every industrial segment, has led to development of 3G and 4G connectivity. However, players operating in the telecommunication industry are planning to develop 5G connectivity featuring theoretical wireless download speeds of 10k Mbps, broader bandwidth and capability to run complex internet applications (e.g. VR/AR applications). Industry participants such as Nokia, Samsung, Qualcomm, BT and Ericsson have already made notable advancements in this area. For instance, in June 2017, Keysight Technologies collaborated with Qualcomm Technologies Inc. for the development of 5G test solutions.

Development of this technology will help IoT gain significant leverage through its lower latency, high ubiquity and increased consumer usability. However, high costs of the technology may act as a considerable growth barrier over the coming years.

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The Leading Key Players during this Industry: AT&T, Inc., Gemalto NV, Infineon Technologies, International Business Machines Corporation (IBM), Cisco Systems, Inc., Check Point Security Software Technologies Ltd., Verizon Enterprise Solutions, Symantec Corporation., PTC Inc., and Digicert.

Industry Background

IBM, Microsoft, SAP, Oracle, Cisco, Apple, Samsung, Google, HP, Accenture, TCS and Amazon are among the top industry participants. The industry growth is driven by collaborative undertaken by key players to develop innovative products and technologies. R&D and product launches are also expected to strengthen the position of companies in the global industry. Mergers and acquisitions by players with the goal of forward integration, and business expansions are also predicted to strengthen their presence in the industry. For instance, AT&T entered a definitive agreement for the acquisition of Time Warner that was worth over US$ 85 billion, in October 2016. This was to help the company gain a strong foothold in the media and communications market.

Different types of cloud offerings include Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS). SaaS is the most preferred form of cloud computing. Hybrid cloud models are being increasingly adopted by enterprises and are contributing to the industry growth. Along with multiple benefits offered by these solutions, industry is expected to consistently face challenges such as data security threat, limited user control, and interoperability problems that may arise while migrating from a vendor to another.

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𝑢𝒖𝒓 𝑭𝒆𝒂𝒕𝒖𝒓𝒆 𝑹𝒆𝒑𝒐𝒓𝒕 π‘°π’π’”π’Šπ’ˆπ’‰π’•π’” π‘«π’†π’„π’†π’Žπ’ƒπ’†π’“ 2020: 

“Buy Now Pay Later Platforms Market”

Mastercard and Pine Labs to expand “pay later” instalment solution to five Southeast Asian markets in early 2021

Sourcehttps://www.fintechf.com  

The global “pay later” market is expected to grow from $7.3 billion in 2019 to $33.6 billion in 2027 at an annual rate of more than 21 percent, according to a study by Coherent Market Insights. The market intelligence and consulting group sees Asia Pacific as the fastest-growing region.

  • What is the expected market size of buy now pay later platforms market in 2022?

The global buy now pay later platforms market is expected to reach US$ 12,969.0 Million by 2022.

  • Which region held the largest market share in the global buy now pay later platforms market?

North America region held the largest share in the global buy now pay later platforms market in 2019, accounting for 43.7% share in terms of value.

  • What is the expected compound annual growth rate (CAGR) of the buy now pay later platforms market during the forecast period (2020-2027)?

The market is expected to witness CAGR of 21.2% during the forecast period (2020-2027).

  • Who are the key players operating in the global buy now pay later platforms market?

Key players operating in the global buy now pay later platforms market include Afterpay, Zippay, VISA, Sezzle, Affirm, Paypal, Splitit, Latitude Financial Services, Klarna, Humm, and Openpay.

  • What is the primary factor contributing to growth of the global buy now pay later platforms market?

Wide number of benefits offered by BNPL platforms is expected to drive growth of the buy now pay later platforms market during the forecast period.

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