Securing Smart Devices
Surging demand for enhanced privacy and increased government efforts to restrict the amount of data collected by IoT devices in the financial services, retail and healthcare industries is expected to drive increased investment in IoT security. Safeguarding the future of internet-connected devices and giving customers the choice to opt-out of data collection are the main reasons people are investing in the area.
The implementation of internet-connected devices in areas such as health monitors, smart home appliances, smart city projects, and smart retail is rising exponentially, which is turn has created the need for additional IoT security. Integrating firewalls and/or data loss prevention with an IoT security offering strengthens an organization’s posture when squaring off against cyber threats.
The global IoT security market is expected to grow at a compound annual growth rate (CAGR) of 29.7 percent and reach $9.88 billion by 2025, according to Grand View Research. North America is expected to remain the largest region for IoT security through 2025, while Asia-pacific is expected to witness the highest IoT security growth rate over the next few years.
As part of CRN’s 2022 Internet of Things 50 list, here’s a look at the tools and vendors leading the way in IoT security.