Global IoT Security Market Report, Forecast 2027

   2021-04-08       10        Business
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The global IoT security market was valued at USD 8,689.0 million in 2019 and is expected to a significant CAGR of 27.0% over the forecast period, 2019-2027

While relatively new as a technology, the Internet of Things (IoT) has evolved from its initial stage of incubation into a clearly defined set of use cases that provide discernible advantages to a variety of market verticals. Through allowing the integration of IT and operational technology (OT) networks, IoT significantly improves process automation, supply chain management and regulatory enforcement and significantly reduce capital and operating costs.

 

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In fact, IoT is a key enabler of digital transformation in an enterprise with the capacity to improve labor productivity, market efficiency and profitability, and overall employee engagement. IoT defense can be described as a security strategy and a protection mechanism that specifically protects against cyber-attacks on IoT devices that are connected to the network and deliberately built for a specified set of functions. Without robust security, every linked IoT device is susceptible to being hacked, exploited and operated by a bad actor to potentially steal user data and bring down systems.

 

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Network security and operations teams will integrate IoT Security into the standard practice, process and protocol and ensure that these unmanaged devices come within the same degree of vi""

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