Security is the big buzzword for the Internet of Things as more devices become connected to networks – and subsequently IoT users grapple with more security vulnerabilities.
While a significant concern for customers, IoT security also presents a huge opportunity for the technology industry. According to market research firm IDC, worldwide IoT security spending will skyrocket to $547.2 million in 2018, up from $348.3 million in 2016.
Dozens of startups are popping up with new security solutions for IoT applications – both on the consumer and enterprise side, but also for new vertical markets such as manufacturing and health care.
