By 2025, global IoT adoption is expected to peak, potentially generating $4-11 trillion in economic value. However, this surge in IoT devices also brings security risks, leading to a rise in global IoT attacks. While IoT networks empower enterprises, the market is not fully prepared to invest in IoT security.

The value of data is increasing, and that value is stimulating the Internet of Things (IoT) Advanced Analytics Market, with the emergence of accessible out-of-the-box and off-the-shelf machine learning (ML) and artificial intelligence (AI) solutions.Vendors are now easing access to ML and AI toolsets by expanding availability through deployment options that include the edge, on-premises, cloud, Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). Global tech market advisory firm, ABI Research, finds that the IoT ML and AI market will reach US$1.09 billion in 2020 and grow to US$10.6 billion in 2026.

Nearly 20 percent of organizations observed at least one Internet of Things-based attack in the past three years. To protect against those threats, Gartner forecasts that worldwide spending on IoT security will reach $1.5 billion in 2018, a 28 percent increase from 2017 spending of $1.2 billion.