This article originally appeared on Electronic Specifier, December 21, 2021 by Mick Elliott
With significant growth projected in the global IoT market over the next 6 years, the need to subsequently secure devices at the edge from attacks, safe and secure through the manufacturing process, and managed securely throughout the life of the product will follow a similar trajectory, predict experts at Sequitur Labs.
Recent reports indicate that the global IoT market is expected to reach nearly $1.5 trillion by 2027 as driving factors of increased demand of Smart Sensors, the development of Smart Cities and industry developments in the field of AI continue to proliferate, with a Compound Annual Growth Rate of 24.9 percent during the forecast period.
This market growth will propel a rise in the IoT security market by a similar percentage as organisations remain increasingly vulnerable to cyberattacks as devices come online.
By integrating security solutions with IoT devices, device manufacturers will be able to provide customers with real-time protection from threats.
While connected devices deliver a plethora of benefits to businesses, the necessity of being connected to public networks and the internet leave them particularly vulnerable to attack. Look for increased attacks on IoT-enabled environments and infrastructure as the ability of cybercriminals to infiltrate connected systems continues to be a profitable endeavor.
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Because of the rise in IoT device development, the threat of cyberattacks targeting edge devices will also significantly increase in the upcoming year
