Setting

Global IoT Security Market 2020-2030 by Component (Software & Solutions, Services), Security Type (Cloud, Network, Endpoint, Application), Deployment (Cloud-based, On-premises), End User, Organization Size, and Region: Trend Forecast and Growth Opportunity

Published: 28 Apr 2021 | Report Code: 10247967 | Pages: 179

Global IoT security market will reach $115.6 billion by 2030, growing by 24.8% annually over 2020-2030, owing to an increasing number of malware attacks on IoT devices, the growing demand for cloud-based services for authentication process, growing IoT security regulations, rising security concerns over critical infrastructures, and rapid development of 5G network across the globe. Highlighted with 83 tables and 94 figures, this 179-page report “Global IoT Security Market 2020-2030 by Component (Software & Solutions, Services), Security Type (Cloud, Network, Endpoint, Application), Deployment (Cloud-based, On-premises), End User, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global IoT security market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global IoT security market in every aspect of the classification from perspectives of Component, Security Type, Deployment, End User, Organization Size, and Region. Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Software & Solutions o Identity Access & Management o Data Encryption & Tokenization o Device Authentication and Management o Intrusion Prevention/Intrusion Detection Systems o Distributed Denial of Service (DDoS) Protection o Other IoT Security Solutions • Services o Consulting Service o Maintenance Service o Managed Service o Other Services Based on Security Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Cloud Security • Network Security • Endpoint Security • Application Security • Other Security Types Based on Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Cloud-based IoT Security • On-premises IoT Security Based on End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Manufacturing Industry • Automotive Industry • Energy and Utilities • Government & Defense • Retail and eCommerce • Healthcare Industry • Smart Home & Consumer Electronics • Transportation & Logistics • IT & Telecom • Other End Users Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Small & Medium Enterprises (SMEs) • Large Enterprises Geographically, the following regions together with the listed national/local markets are fully investigated: • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) • North America (U.S., Canada, and Mexico) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (UAE, Saudi Arabia, South Africa) For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Component, Security Type, and End User over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key Players (this may not be a complete list and extra companies can be added upon request): Allot Ltd. Armis Broadcom Corporation (Symantec Corporation) CENTRI Technology Inc. Cisco Systems, Inc. Forgerock Fortinet Inc. Gemalto NV IBM Corporation Infineon Technologies AG Intel Corporation Mocana Corporation Newsky Palo Alto Networks, Inc. Securithings (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table Of Contents

1 Introduction	9
1.1 Industry Definition and Research Scope	9
1.1.1 Industry Definition	9
1.1.2 Research Scope	10
1.2 Research Methodology	13
1.2.1 Overview of Market Research Methodology	13
1.2.2 Market Assumption	14
1.2.3 Secondary Data	14
1.2.4 Primary Data	14
1.2.5 Data Filtration and Model Design	16
1.2.6 Market Size/Share Estimation	17
1.2.7 Research Limitations	18
1.3 Executive Summary	19
2 Market Overview and Dynamics	22
2.1 Market Size and Forecast	22
2.1.1 Impact of COVID-19 on World Economy	23
2.1.2 Impact of COVID-19 on the Market	25
2.2 Major Growth Drivers	27
2.3 Market Restraints and Challenges	31
2.4 Emerging Opportunities and Market Trends	34
2.5 Porter’s Fiver Forces Analysis	38
3 Segmentation of Global Market by Component	42
3.1 Market Overview by Component	42
3.2 Software & Solutions	44
3.2.1 Identity Access & Management	46
3.2.2 Data Encryption & Tokenization	47
3.2.3 Device Authentication and Management	48
3.2.4 Intrusion Prevention/Intrusion Detection Systems	49
3.2.5 Distributed Denial of Service (DDoS) Protection	50
3.2.6 Other IoT Security Solutions	51
3.3 Services	52
3.3.1 Consulting Service	53
3.3.2 Maintenance Service	54
3.3.3 Managed Service	55
3.3.4 Other Services	56
4 Segmentation of Global Market by Security Type	57
4.1 Market Overview by Security Type	57
4.2 Cloud Security	59
4.3 Network Security	60
4.4 Endpoint Security	61
4.5 Application Security	62
4.6 Other Security Types	63
5 Segmentation of Global Market by Deployment	64
5.1 Market Overview by Deployment	64
5.2 Cloud-based IoT Security	66
5.3 On-premises IoT Security	67
6 Segmentation of Global Market by End User	69
6.1 Market Overview by End User	69
6.2 Manufacturing Industry	71
6.3 Automotive Industry	72
6.4 Energy and Utilities	73
6.5 Government & Defense	74
6.6 Retail and eCommerce	75
6.7 Healthcare Industry	76
6.8 Smart Home & Consumer Electronics	77
6.9 Transportation & Logistics	78
6.10 IT & Telecom	79
6.11 Other End Users	80
7 Segmentation of Global Market by Organization Size	81
7.1 Market Overview by Organization Size	81
7.2 Small & Medium Enterprises (SMEs)	83
7.3 Large Enterprises	84
8 Segmentation of Global Market by Region	85
8.1 Geographic Market Overview 2019-2030	85
8.2 North America Market 2019-2030 by Country	89
8.2.1 Overview of North America Market	89
8.2.2 U.S.	93
8.2.3 Canada	97
8.2.4 Mexico	99
8.3 European Market 2019-2030 by Country	101
8.3.1 Overview of European Market	101
8.3.2 Germany	105
8.3.3 U.K.	107
8.3.4 France	109
8.3.5 Spain	112
8.3.6 Italy	114
8.3.7 Russia	116
8.3.8 Rest of European Market	119
8.4 Asia-Pacific Market 2019-2030 by Country	121
8.4.1 Overview of Asia-Pacific Market	121
8.4.2 Japan	125
8.4.3 China	129
8.4.4 Australia	131
8.4.5 India	133
8.4.6 South Korea	135
8.4.7 Rest of APAC Region	137
8.5 South America Market 2019-2030 by Country	139
8.5.1 Argentina	142
8.5.2 Brazil	144
8.5.3 Chile	146
8.5.4 Rest of South America Market	148
8.6 MEA Market 2019-2030 by Country	149
8.6.1 UAE	152
8.6.2 Saudi Arabia	154
8.6.3 South Africa	156
8.6.4 Other National Markets	158
9 Competitive Landscape	159
9.1 Overview of Key Vendors	159
9.2 New Product Launch, Partnership, Investment, and M&A	162
9.3 Company Profiles	163
Allot Ltd.	163
Armis	165
Broadcom Corporation (Symantec Corporation)	166
CENTRI Technology Inc.	167
Cisco Systems, Inc.	168
Forgerock	169
Fortinet Inc.	170
Gemalto NV	171
IBM Corporation	172
Infineon Technologies AG	173
Intel Corporation	174
Mocana Corporation	175
Newsky	176
Palo Alto Networks, Inc.	177
Securithings	178
Related Reports and Products	179
List Of Tables

Table 1.  Snapshot of Global IoT Security Market in Balanced Perspective, 2019-2030	20
Table 2. Growth Rate of World GDP, 2020-2022	24
Table 3.  Main Product Trends and Market Opportunities in Global IoT Security Market	34
Table 4. Global IoT Security Market by Component, 2019-2030, $ mn	42
Table 5. Global IoT Security Market: Software & Solutions by Type, 2019-2030, $ mn	45
Table 6. Global IoT Security Market: Services by Type, 2019-2030, $ mn	52
Table 7. Global IoT Security Market by Security Type, 2019-2030, $ mn	57
Table 8. Global IoT Security Market by Deployment, 2019-2030, $ mn	64
Table 9. Global IoT Security Market by End User, 2019-2030, $ mn	69
Table 10. Global IoT Security Market by Organization Size, 2019-2030, $ mn	81
Table 11. Global IoT Security Market by Region, 2019-2030, $ mn	86
Table 12.  Leading National IoT Security Market, 2019 and 2030F, $ mn	88
Table 13. North America IoT Security Market by Country, 2019-2030, $ mn	91
Table 14. U.S. IoT Security Market by Component, 2019-2030, $ mn	95
Table 15. U.S. IoT Security Market by Security Type, 2019-2030, $ mn	95
Table 16. U.S. IoT Security Market by End User, 2019-2030, $ mn	95
Table 17. Canada IoT Security Market by Component, 2019-2030, $ mn	98
Table 18. Canada IoT Security Market by Security Type, 2019-2030, $ mn	98
Table 19. Canada IoT Security Market by End User, 2019-2030, $ mn	98
Table 20. Mexico IoT Security Market by Component, 2019-2030, $ mn	100
Table 21. Mexico IoT Security Market by Security Type, 2019-2030, $ mn	100
Table 22. Mexico IoT Security Market by End User, 2019-2030, $ mn	100
Table 23. Europe IoT Security Market by Country, 2019-2030, $ mn	104
Table 24. Germany IoT Security Market by Component, 2019-2030, $ mn	106
Table 25. Germany IoT Security Market by Security Type, 2019-2030, $ mn	106
Table 26. Germany IoT Security Market by End User, 2019-2030, $ mn	106
Table 27. U.K. IoT Security Market by Component, 2019-2030, $ mn	108
Table 28. U.K. IoT Security Market by Security Type, 2019-2030, $ mn	108
Table 29. U.K. IoT Security Market by End User, 2019-2030, $ mn	108
Table 30. France IoT Security Market by Component, 2019-2030, $ mn	110
Table 31. France IoT Security Market by Security Type, 2019-2030, $ mn	110
Table 32. France IoT Security Market by End User, 2019-2030, $ mn	110
Table 33. Spain IoT Security Market by Component, 2019-2030, $ mn	113
Table 34. Spain IoT Security Market by Security Type, 2019-2030, $ mn	113
Table 35. Spain IoT Security Market by End User, 2019-2030, $ mn	113
Table 36. Italy IoT Security Market by Component, 2019-2030, $ mn	115
Table 37. Italy IoT Security Market by Security Type, 2019-2030, $ mn	115
Table 38. Italy IoT Security Market by End User, 2019-2030, $ mn	115
Table 39. Russia IoT Security Market by Component, 2019-2030, $ mn	117
Table 40. Russia IoT Security Market by Security Type, 2019-2030, $ mn	117
Table 41. Russia IoT Security Market by End User, 2019-2030, $ mn	117
Table 42. IoT Security Market in Rest of Europe by Country, 2019-2030, $ mn	120
Table 43. APAC IoT Security Market by Country, 2019-2030, $ mn	123
Table 44. Japan IoT Security Market by Component, 2019-2030, $ mn	127
Table 45. Japan IoT Security Market by Security Type, 2019-2030, $ mn	127
Table 46. Japan IoT Security Market by End User, 2019-2030, $ mn	127
Table 47. China IoT Security Market by Component, 2019-2030, $ mn	130
Table 48. China IoT Security Market by Security Type, 2019-2030, $ mn	130
Table 49. China IoT Security Market by End User, 2019-2030, $ mn	130
Table 50. Australia IoT Security Market by Component, 2019-2030, $ mn	132
Table 51. Australia IoT Security Market by Security Type, 2019-2030, $ mn	132
Table 52. Australia IoT Security Market by End User, 2019-2030, $ mn	132
Table 53. India IoT Security Market by Component, 2019-2030, $ mn	134
Table 54. India IoT Security Market by Security Type, 2019-2030, $ mn	134
Table 55. India IoT Security Market by End User, 2019-2030, $ mn	134
Table 56. South Korea IoT Security Market by Component, 2019-2030, $ mn	136
Table 57. South Korea IoT Security Market by Security Type, 2019-2030, $ mn	136
Table 58. South Korea IoT Security Market by End User, 2019-2030, $ mn	136
Table 59. IoT Security Market in Rest of APAC by Country/Region, 2019-2030, $ mn	138
Table 60. South America IoT Security Market by Country, 2019-2030, $ mn	141
Table 61. Argentina IoT Security Market by Component, 2019-2030, $ mn	143
Table 62. Argentina IoT Security Market by Security Type, 2019-2030, $ mn	143
Table 63. Argentina IoT Security Market by End User, 2019-2030, $ mn	143
Table 64. Brazil IoT Security Market by Component, 2019-2030, $ mn	145
Table 65. Brazil IoT Security Market by Security Type, 2019-2030, $ mn	145
Table 66. Brazil IoT Security Market by End User, 2019-2030, $ mn	145
Table 67. Chile IoT Security Market by Component, 2019-2030, $ mn	147
Table 68. Chile IoT Security Market by Security Type, 2019-2030, $ mn	147
Table 69. Chile IoT Security Market by End User, 2019-2030, $ mn	147
Table 70. MEA IoT Security Market by Country, 2019-2030, $ mn	151
Table 71. UAE IoT Security Market by Component, 2019-2030, $ mn	153
Table 72. UAE IoT Security Market by Security Type, 2019-2030, $ mn	153
Table 73. UAE IoT Security Market by End User, 2019-2030, $ mn	153
Table 74. Saudi Arabia IoT Security Market by Component, 2019-2030, $ mn	155
Table 75. Saudi Arabia IoT Security Market by Security Type, 2019-2030, $ mn	155
Table 76. Saudi Arabia IoT Security Market by End User, 2019-2030, $ mn	155
Table 77. South Africa IoT Security Market by Component, 2019-2030, $ mn	157
Table 78. South Africa IoT Security Market by Security Type, 2019-2030, $ mn	157
Table 79. South Africa IoT Security Market by End User, 2019-2030, $ mn	157
Table 80. Allot Ltd.: Company Snapshot	163
Table 81. Allot Ltd.: Business Segmentation	163
Table 82. Allot Ltd.: Product Portfolio	164
Table 83. Allot Ltd.: Revenue, 2017-2019, $ mn	164
List Of Figures

Figure 1. Research Method Flow Chart	13
Figure 2. Breakdown of Primary Research	15
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation	17
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030	19
Figure 5. Global IoT Security Market, 2019-2030, $ mn	22
Figure 6. Impact of COVID-19 on Business	25
Figure 7. Primary Drivers and Impact Factors of Global IoT Security Market	27
Figure 8. World Industrial IoT Market, 2019-2030, $ mn	30
Figure 9. Primary Restraints and Impact Factors of Global IoT Security Market	31
Figure 10. Investment Opportunity Analysis	35
Figure 11. Porter’s Fiver Forces Analysis of Global IoT Security Market	38
Figure 12. Breakdown of Global IoT Security Market by Component, 2019-2030, % of Revenue	43
Figure 13. Global Addressable Market Cap in 2021-2030 by Component, Value ($ mn) and Share (%)	43
Figure 14. Global IoT Security Market: Software & Solutions, 2019-2030, $ mn	44
Figure 15. Global IoT Security Market: Identity Access & Management, 2019-2030, $ mn	46
Figure 16. Global IoT Security Market: Data Encryption & Tokenization, 2019-2030, $ mn	47
Figure 17. Global IoT Security Market: Device Authentication and Management, 2019-2030, $ mn	48
Figure 18. Global IoT Security Market: Intrusion Prevention/Intrusion Detection Systems, 2019-2030, $ mn	49
Figure 19. Global IoT Security Market: Distributed Denial of Service (DDoS) Protection, 2019-2030, $ mn	50
Figure 20. Global IoT Security Market: Other IoT Security Solutions, 2019-2030, $ mn	51
Figure 21. Global IoT Security Market: Services, 2019-2030, $ mn	52
Figure 22. Global IoT Security Market: Consulting Service, 2019-2030, $ mn	53
Figure 23. Global IoT Security Market: Maintenance Service, 2019-2030, $ mn	54
Figure 24. Global IoT Security Market: Managed Service, 2019-2030, $ mn	55
Figure 25. Global IoT Security Market: Other Services, 2019-2030, $ mn	56
Figure 26. Breakdown of Global IoT Security Market by Security Type, 2019-2030, % of Sales Revenue	58
Figure 27. Global Addressable Market Cap in 2021-2030 by Security Type, Value ($ mn) and Share (%)	58
Figure 28. Global IoT Security Market: Cloud Security, 2019-2030, $ mn	59
Figure 29. Global IoT Security Market: Network Security, 2019-2030, $ mn	60
Figure 30. Global IoT Security Market: Endpoint Security, 2019-2030, $ mn	61
Figure 31. Global IoT Security Market: Application Security, 2019-2030, $ mn	62
Figure 32. Global IoT Security Market: Other Security Types, 2019-2030, $ mn	63
Figure 33. Breakdown of Global IoT Security Market by Deployment, 2019-2030, % of Sales Revenue	65
Figure 34. Global Addressable Market Cap in 2021-2030 by Deployment, Value ($ mn) and Share (%)	65
Figure 35. Global IoT Security Market: Cloud-based IoT Security, 2019-2030, $ mn	66
Figure 36. Global IoT Security Market: On-premises IoT Security, 2019-2030, $ mn	67
Figure 37. Breakdown of Global IoT Security Market by End User, 2019-2030, % of Revenue	70
Figure 38. Global Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%)	70
Figure 39. Global IoT Security Market: Manufacturing Industry, 2019-2030, $ mn	71
Figure 40. Global IoT Security Market: Automotive Industry, 2019-2030, $ mn	72
Figure 41. Global IoT Security Market: Energy and Utilities, 2019-2030, $ mn	73
Figure 42. Global IoT Security Market: Government & Defense, 2019-2030, $ mn	74
Figure 43. Global IoT Security Market: Retail and eCommerce, 2019-2030, $ mn	75
Figure 44. Global IoT Security Market: Healthcare Industry, 2019-2030, $ mn	76
Figure 45. Global IoT Security Market: Smart Home & Consumer Electronics, 2019-2030, $ mn	77
Figure 46. Global IoT Security Market: Transportation & Logistics, 2019-2030, $ mn	78
Figure 47. Global IoT Security Market: IT & Telecom, 2019-2030, $ mn	79
Figure 48. Global IoT Security Market: Other End Users, 2019-2030, $ mn	80
Figure 49. Breakdown of Global IoT Security Market by Organization Size, 2019-2030, % of Revenue	82
Figure 50. Global Addressable Market Cap in 2021-2030 by Organization Size, Value ($ mn) and Share (%)	82
Figure 51. Global IoT Security Market: Small & Medium Enterprises (SMEs), 2019-2030, $ mn	83
Figure 52. Global IoT Security Market: Large Enterprises, 2019-2030, $ mn	84
Figure 53.  Global Market Snapshot by Region	85
Figure 54.  Geographic Spread of Worldwide IoT Security Market, 2019-2030, % of Sales Revenue	86
Figure 55. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%)	87
Figure 56.  North American IoT Security Market, 2019-2030, $ mn	90
Figure 57. Breakdown of North America IoT Security Market by Country, 2019 and 2030F, % of Revenue	91
Figure 58. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)	92
Figure 59. U.S. IoT Security Market, 2019-2030, $ mn	94
Figure 60. Canada IoT Security Market, 2019-2030, $ mn	97
Figure 61.  IoT Security Market in Mexico, 2015-2030F, $ mn	99
Figure 62.  European IoT Security Market, 2019-2030, $ mn	102
Figure 63. Breakdown of European IoT Security Market by Country, 2019 and 2030F, % of Revenue	103
Figure 64. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)	104
Figure 65.  IoT Security Market in Germany, 2019-2030, $ mn	105
Figure 66.  IoT Security Market in U.K., 2019-2030, $ mn	107
Figure 67.  IoT Security Market in France, 2019-2030, $ mn	109
Figure 68.  IoT Security Market in Spain, 2019-2030, $ mn	112
Figure 69.  IoT Security Market in Italy, 2019-2030, $ mn	114
Figure 70.  IoT Security Market in Russia, 2019-2030, $ mn	116
Figure 71.  IoT Security Market in Rest of Europe, 2019-2030, $ mn	119
Figure 72. Asia-Pacific IoT Security Market, 2019-2030, $ mn	122
Figure 73. Breakdown of APAC IoT Security Market by Country, 2019 and 2030F, % of Revenue	122
Figure 74. Contribution to APAC 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)	124
Figure 75.  IoT Security Market in Japan, 2019-2030, $ mn	126
Figure 76.  IoT Security Market in China, 2019-2030, $ mn	129
Figure 77.  IoT Security Market in Australia, 2019-2030, $ mn	131
Figure 78.  IoT Security Market in India, 2019-2030, $ mn	133
Figure 79.  IoT Security Market in South Korea, 2019-2030, $ mn	135
Figure 80.  IoT Security Market in Rest of APAC, 2019-2030, $ mn	137
Figure 81. South America IoT Security Market, 2019-2030, $ mn	140
Figure 82. Breakdown of South America IoT Security Market by Country, 2019 and 2030F, % of Revenue	140
Figure 83. Contribution to South America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)	141
Figure 84.  IoT Security Market in Argentina, 2019-2030, $ mn	142
Figure 85.  IoT Security Market in Brazil, 2019-2030, $ mn	144
Figure 86.  IoT Security Market in Chile, 2019-2030, $ mn	146
Figure 87.  IoT Security Market in Rest of South America, 2019-2030, $ mn	148
Figure 88. IoT Security Market in Middle East and Africa (MEA), 2019-2030, $ mn	150
Figure 89. Breakdown of MEA IoT Security Market by Country, 2019 and 2030F, % of Revenue	150
Figure 90. Contribution to MEA 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)	151
Figure 91.  IoT Security Market in UAE, 2019-2030, $ mn	152
Figure 92.  IoT Security Market in Saudi Arabia, 2019-2030, $ mn	154
Figure 93.  IoT Security Market in South Africa, 2019-2030, $ mn	156
Figure 94. Growth Stage of Global IoT Security Industry over the Forecast Period	159
Key Players (this may not be a complete list and extra companies can be added upon request): 
Allot Ltd.
Armis
Broadcom Corporation (Symantec Corporation)
CENTRI Technology Inc.
Cisco Systems, Inc.
Forgerock
Fortinet Inc.
Gemalto NV
IBM Corporation
Infineon Technologies AG
Intel Corporation
Mocana Corporation
Newsky
Palo Alto Networks, Inc.
Securithings 
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)