Juniper Research report: expenditures for IoT security to grow by 300% in 5 years
company believes that the global market will spend about $6 billion to provide cyber security by 2023. According to the analysts, key factors of such a growth will include the following: insufficient measures taken by regulators to protect Internet users’ data and the increasing amount of business risks.
Research stresses that the IoT power industry market is facing serious security challenges. However, strong regulation can make things better. By 2023, expenditures for energy sector security could reach $1 billion.
investigation shows that expenses on IoT security related to smart houses will be only 17% of the consumer market by 2023.