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.

As businesses become increasingly concerned about the impact cybersecurity can have on business outcomes, security leaders should harness that increased support to improve their organization’s resilience while elevating their own standing, Gartner Inc. says.