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IoT Security Spending To Be US$1.5Bn in 2018

Overall Internet of things (IoT) spending is springing as this technology takeover every business. To sound more overwhelming, latest report reckons that Internet of Things (IoT) security spend to touch US$1.5 billion this year.

IoT SecurityThe latest year-on-year report represents that the latest IoT security spend figure by Gartner is set to balloon about 28 per cent from the US$1.2 billion spent on security in the IoT space in 2017.

“Industries having to comply with regulations and guidelines aimed at improving critical infrastructure protection (CIP) are being compelled to increase their focus on security as a result of IoT permeating the industrial world,” the analyst firm said.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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