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Internet of Things Security White Paper 2018
In 2014, the Internet of Things (IoT) had a global market of $2.99T (trillion); by 2020, that number will reach $8.9T, “...attaining a 19.92% Compound Annual Growth Rate.”1 Likewise, the number of deployed devices will increase from 6.6 billion in 2016 to 22.5 billion in 2021.2 As the IoT market grows with device deployments, the concern over security will grow with it; in fact, worldwide spending on IoT security will be $547.2 million in 2018 alone, an increase from $433.95 in 2017.
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