Looking across the Internet of Things (IoT) overall security landscape, it's clear that 'consumer IoT' should be viewed as a separate segment, given that current trends in the implementation and adoption of robust security measures. The consumer market is composed of a very wide range of hardware vendors -- from large companies to crowdfunded start-ups. Competition in the market is high, but the IoT security value proposition is much more difficult to present to the end-user, relative to other IoT segments. For context, note that the overall number of connected IoT devices, sensors and actuators in all market segments are forecast to reach over 46 billion in 2021. Consumer IoT Security Market Development The consumer IoT installed base will reach over 15 billion units by 2021, an increase of 120 percent over 2016, according to the latest worldwide market study by Juniper Research. As evidenced at the CES show earlier this month, embedded connectivity is increas...
TMT Market Research and Analysis