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10 Biggest security challenges for IoT

January 01, 2020 / PEERBITS

The IoT market size in Europe is estimated to reach €242,222 million by the end of 2020. This rise in popularity of IoT-connected devices leading to rise in IoT app development does come with its fair share of concerns and security challenges. As manufacturers continue to compete on who would get the latest device in the hands of consumers first? Very few of them are considering the security issues associated with data access & management as well as with that of the IoT devices themselves.But what is the largest security challenges currently plaguing the field of IoT-connected devices? Currently, there are over 23 billion IoT connected devices worldwide. This number will further rise up to reach 30 billion by 2020 and over 60 billion by the end of 2025. This massive wave of new gadgets doesn’t come without a cost.