Skip to main content

IoT Data Security Solutions Demand Gains Momentum

Internet of Things (IoT) technology deployments have increased across the globe, as more CIOs and CTOs explore new commercial applications. However, many organizations continue to seek IoT solutions that include comprehensive data protection capabilities.

Security continues to be a major concern for IT professionals when deploying IoT projects within their organizations, according to the latest worldwide market study by 451 Research.

When asked to rank which technologies or processes their organizations considered for current or planned IoT initiatives, 55 percent of respondents ranked IoT security as their top priority.

IoT Security Market Development

As 451 Research data consistently shows, security is a headwind that must be overcome. Survey respondents have consistently rated IoT security as their highest priority – but why?

"The nature of IoT deployments make them particularly difficult to secure against cyber threats," said Brian Partridge, vice president at 451 Research. “As industrial equipment is increasingly connected to the Internet for data collection and analysis, enterprises open themselves to the sophisticated world of security intrusions."

IoT projects often straddle OT and IT domains, which have struggled independently to secure against internal and external threats. When these domains come together driven by IoT, the overall attack surface can increase exponentially.


According to 451 Research analysts, some business leaders have stayed on the sidelines of IoT because they believe the risks are still too high against potential returns, but for those that do initiate IoT projects, security is still a top priority.

Beyond extolling IoT security as the top requirement in their IoT deployments, enterprises value security capabilities as the top reason for choosing a commercial IoT platform, with 58 percent of survey respondents ranking it as the top attribute in choosing a vendor partner.

Furthermore, in an IoT Workloads survey in 2017, enterprises ranked the IoT attack vectors that most concerned them. At the top of this list were poor authentication of IoT endpoints such as sensors and network modules (64.3 percent), unsecured enterprise IoT applications (63 percent) and vulnerabilities in how end users access their IoT devices and applications.

Outlook for IoT Security Products and Services

So where’s the opportunity for IoT providers? According to Brian Partridge, "The silver lining in all of this is that IoT security breaches have raised overall awareness of the issues and consequences when ‘things’ go wrong."

It’s also raised the bar for suppliers who are increasingly fighting for deals based on their security credibility. There's still a need for trusted vendors and services providers that can bring IoT security together holistically for their customers.

Popular posts from this blog

How Savvy Pioneers Lead the Future of Work

Hybrid and fully remote work are inevitable in the Global Networked Economy where high-performance talent demands flexibility from employers. To enable these progressive work models, organizations are investing in a wide range of technologies to support more agile types of employment.  According to the latest worldwide market study by International Data Corporation (IDC), leading organizations will spend nearly $1 billion on the Future of Work (FoW) in 2023 -- that's an increase of 18.8 percent over 2022. Future of Work Market Development "Work models continue to evolve, but 37 percent of decision-makers in a recent global survey note that Remote and Hybrid work models will be an embedded part of accepted work practices, supported by a continued shift to the cloud, increasingly instrumented and interconnected physical workplaces, and intelligent digital workspaces," said Holly Muscolino, group vice president at IDC . According to the IDC assessment, organizations must mak

Human Resource Transformation Enabled by IT

Many senior executives are taking a proactive approach to digital business transformation in order to achieve their strategic goals. Delivering revenue growth and profitability is now imperative for every function, including Human Resources (HR). The top 3 priority HR technologies this year are skills management, learning experience platforms, and internal talent marketplaces, according to the latest worldwide market study by Gartner. "With a tumultuous global economy, HR technology leaders face a balancing act in 2023," said Sam Grinter, director at Gartner . "Leaders must anticipate greater levels of accountability and demand for measurable outcomes to justify new technology investments." HR Transformation Market Development Forty-four percent of HR leaders report driving better business outcomes is their number one strategic priority for HR technology transformation over the next three years. Growth in headcount and skills (26 percent) and cost optimization (17 p

Virtual Reality Market Set to Reach $100 Billion

Virtual Reality (VR) market growth is now finally coming to fruition. Thanks to current actions and market momentum, VR is approaching what can be considered critical mass. And, not a moment too soon. This growth momentum comes from new hardware and content releases, accelerating enterprise value recognition, and a significant metaverse wild card that could potentially lift adoption and usage. According to the latest worldwide market study by ABI Research, over 85 million VR Head Mounted Displays (HMDs) will be shipped in 2027 across consumer and enterprise segments, creating a $100 billion VR market that includes hardware, software, and services. Virtual Reality Market Development "Expectations have been high in VR for years, and even decades, without notable growth to show. That growth is finally coming over the next five years," said Eric Abbruzzese, research director at ABI Research . The barrier to entry is lower than ever, all while content performance and user experien