Internet of Things Security Market by 2020

The Internet of Things (IoT) security market has witnessed a major growth over recent years with the increased automation in different verticals and the resulting threats.
This has pushed the organizations to look for better security solutions for connected devices. As the risks and attacks are on the rise and the impact of these attacks has been diversified due to the vast coverage of connected devices, the companies and the governing bodies are increasing investments in the IoT security market.
The primary drivers for the IoT security market include rising concerns for security in critical infrastructures and strict security regulations imposed by regulating bodies. The IoT security market is expected to witness a high growth rate in the developing countries as the cost of shifting security infrastructure would be minimum due to the lack of legacy infrastructure in these countries. However, the lack of awareness about IoT security in different regions is acting as a restraint for the growth of market.