Internet of Things applications are becoming more widespread, and attacks against the Internet of Things are increasing. Market research firm Gartner said that IoT-based attacks have become a reality. A recent CEB (now acquired by Gartner) survey found that nearly 20% of organizations in the past three years have observed at least one Internet-based attack. To counter these attacks, Gartner expects global IoT security spending to reach $1.5 billion in 2018, up 28% from $1.2 billion in 2017.
Gartner Research Director Ruggero Contu said: "In terms of IoT measures, organizations have no control over the source and nature of software and hardware, and how they are used by smart connected devices. We expect to see market improvement and asset management. Software and hardware security assessment tools and services will be in demand. In addition, organizations hope to increase their understanding of externalized network connections. These factors will be the main driving force for the expected growth period of IoT security expenses, and the Internet of Things in 2021 Security spending is expected to reach $3.1 billion."
While global spending is growing year-on-year, Gartner expects that the lack of prioritization of safety best practices and the lack of tools in IoT initiatives will now be the biggest drag on IoT security growth. This will reduce the potential cost of the Internet of Things by up to 80%.
Contu explained: “Although IoT security continues to be a top priority, most IoT security implementations are planned, deployed and implemented at the level of an independent department, which also includes collaboration with the IT department to ensure access to equipment. The impact of the information technology component can be fully addressed. The cooperation or general security strategy through general construction is very important, but it is often overlooked, and most of the selected product and service providers are impromptu, all based on equipment supply. The relationship between the business and the partner, or based on the main system for strengthening or replacing equipment."
Gartner expects compliance to become the main driver of IoT security spending in 2021. Given that the Internet of Things is now penetrating the industrial world, industries that need to comply with rules or guidelines to improve Critical Infrastructure Assurance (CIP) will focus on security issues.
Contu said: "The need to improve automation through the deployment of smart connected devices, such as sensors, robots and remote connections, is often via cloud devices. This innovation is often referred to as Industrial Internet of Things (IIoT) or Industry 4.0. , has now affected the deployment of operational technology (OT) industrial safety, such as energy, oil and gas fuel, transportation and manufacturing."
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