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IoT Security Spend to Grow 300 Percent by 2023, Juniper Research Forecasts

A new study from Juniper Research found that spending on Internet of Things (IoT) cybersecurity solutions is set to reach over $6 billion globally by 2023. The UK-based consultancy highlighted rapid growth, with spending by product and service providers (in consumer markets) and end-customers (in industrial and public services markets) to rise by nearly 300 percent over the forecast period.

Airrion AndrewsJuly 18, 2018Juniper Research, Internet of Things, IoT, IoT security, IoT applications, lifecycle management, device security, smart energy, smart home IoT security, standards, regulations, near-real-time IoT, business risk