Hope Frank, Contributing Editor
SPECIAL INTERNATIONAL REPORT
The IoT Security Report provides Internet of Things (IoT) security trends, statistics, best practices, and resources for chief information security officers (CISOs) and IT security staff.
Multi trillion dollar global Internet of Things market will lift security research and spending through 2025.
In a McKinsey & Company report ‘Unlocking the potential of the Internet of Things‘, their bottom-up analysis for the applications they size estimates that the IoT has a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025. At the top end, that level of value would be equivalent to about 11 percent of the world economy. The report states “with policy actions to encourage interoperability, ensure security, and protect privacy and property rights, the Internet of Things can begin to reach its full potential.”
The Internet of Things (IoT) Security Market is expected to grow from $6.89 Billion (USD) in 2015 to $28.90 Billion by 2020, according to a new market research report published by Markets and Markets.
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