It comes as no surprise that the Security marketplace for the Internet of Things is on the verge of exploding. A recent Research & Markets report, “Internet of Things (IoT) Integration Market – Global Forecast to 2022” has it reaching almost $30 billion just five years from now.
The IoT security market size is forecast to grow from USD 6.62 Billion in 2017 to USD 29.02 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 34.4%. The increasing ransomware attacks on IoT systems, securing the ubiquitous environment, and increasing need for data-centric security are some of the driving factors for the growth of Internet of Things (IoT) security market.
