Internet of Things (IoT) security is a whole new ball game for enterprise security to deal with. It concerns securing tens of billions of devices that each represent a port of entry to organizational systems.
Yet, despite the obvious security nightmare posed by the IoT, there is a strong desire to fully exploit its business and management potential. Governments around the world, for example, are partnering with IoT vendors to add connected sensors and devices as part of smart city projects. Manufacturers are connecting disparate systems within their operations to provide far more granularity into processes, output, and products. Consumers, too, are being armed with IoT sensors that do such tasks as remind them to order certain groceries. This mushrooming number of connected devices is fueling IoT innovation.
IoT Raises Threat Potential
According to the Internet of Things (IoT) Security Product market report, rising penetration of mobile network connectivity greatly increases security threat and overall risk. This perceived threat is driving the Internet of Things (IoT) security product market, which is growing at a robust rate of 15% per year between now and 2030.
“Demand for IoT is significantly increasing owing to rising demand for connected devices, such as smart cars, smart meters and machine-to-machine (M2M) communications — such factors are increasing demand for the Internet of Things (IoT) security product market,” the report says.
Specific to applications, the smart grid segment is expected to witness the highest rate of growth during this decade. Smart grids are very much in demand, are part of ongoing U.S. Department of Energy efficiency programs and are being supported by utilities, IT vendors, and the consumer population at large.
Continue reading: https://www.datamation.com/security/iot-security-market/
Yet, despite the obvious security nightmare posed by the IoT, there is a strong desire to fully exploit its business and management potential. Governments around the world, for example, are partnering with IoT vendors to add connected sensors and devices as part of smart city projects. Manufacturers are connecting disparate systems within their operations to provide far more granularity into processes, output, and products. Consumers, too, are being armed with IoT sensors that do such tasks as remind them to order certain groceries. This mushrooming number of connected devices is fueling IoT innovation.
IoT Raises Threat Potential
According to the Internet of Things (IoT) Security Product market report, rising penetration of mobile network connectivity greatly increases security threat and overall risk. This perceived threat is driving the Internet of Things (IoT) security product market, which is growing at a robust rate of 15% per year between now and 2030.
“Demand for IoT is significantly increasing owing to rising demand for connected devices, such as smart cars, smart meters and machine-to-machine (M2M) communications — such factors are increasing demand for the Internet of Things (IoT) security product market,” the report says.
Specific to applications, the smart grid segment is expected to witness the highest rate of growth during this decade. Smart grids are very much in demand, are part of ongoing U.S. Department of Energy efficiency programs and are being supported by utilities, IT vendors, and the consumer population at large.
Continue reading: https://www.datamation.com/security/iot-security-market/
