IoT Security Market Set to Spike

The Internet of Things (IoT) security market, which consists of smart technology solutions and services that aim at securing the network of connected devices, is expected to reach $28.90 billion by 2020. According to a market research report from MarketsandMarkets, security issues that started with the connection of computer systems and with the growth of networking have now become exacerbated by ever-increasing levels of complexity; so, security solutions providers are working towards the integration efficient security solutions. As a result, the firm expects the rise of security concerns in critical infrastructures such as utilities, smart grids and manufacturing facilities to remain the key driver of the IoT security market in the coming years.