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IOT SECURITY MARKET-THE FUTURE OF SMART CITIES AND BETTER LIVING STANDARDS
Published Date : 2018-04-30

Internet of Things (IoT) is projected to be driven by awareness of cyber-attacks and crimes. Also, its usage across IoT domains can boost the sales of IoT security. These kinds of safety measures are being implemented to protect the sectors of oil & gas, mining, transport, and manufacturing.

IoT provides various advantages to customers. It has the ability to alter the manner in which clients interact with technologies. In the coming years, IoT is predicted to fill the gaps between physical & virtual worlds in a hard to understand way. However; from the perspective of safety, the insertion/installation of IoT devices at different locations, some of them being quite weird, can hinder their growth.

EnOcean is a leading provider of wireless technology. It recently exhibited self-powered wireless services for IoT. It also displayed wireless devices &switches for Bluetooth wireless energy. The company’s battery-less tools enable clients to uphold & administer large quantities of information produced by the sensors in IoT networks.

These products/tools offer maintenance-free and highly adjustable applications for users. Smart homes, LED lighting controls, construction mechanization, etc. are all examples of such applications.Looking closely, self-powered & battery-less wireless switches render IoT services more cost & energy efficient.

Of late, Toyota declared the launch of Amazon Alexa in its automobiles. The car manufacturer is all set to integrate Amazon Alexa within the chosen Lexus and Toyota models. Lexus models having the Enform 2.0 system and Toyotas with Entune 3.0 infotainment system would be equipped with Alexa features soon. With its vast interactive capacity, Alexa will enable many 3rd party smart home products to connect with one another for usability & convenience.

IoT has set grounds under which technology biggies and connected cities augur well for the market. For the same cause, Bosch is spending heavily on smart cities and willing to take it ahead. It plans to adopt “Climo” for the real-time evaluation of air-quality.Smart cities need a mix of artificial intelligence, data analytics, & IoT to link various devices to each other and bring all of them on a single platform.Flexible IoT portals are very resourceful, as they can monitor & administer a broad range of products.

The firm, Qualcomm recently unveiled 2 home hub portals. Both these portals back Google website’s Android Things. With increasing firms laying emphasis on consumer Internet of Things, advanced home systems are likely to show up in many regions all over the globe. But, high expenses and complications associated with these IoT-related systems could pose major threats to the global industry.

The worldwide IoT security market is reported to witness a CAGR of about 35 percent from 2017 to 2022 (forecast period). Kinds, applications, and geographies form the industry categories. Prominent companies working in the IoT security market are Trend Micro, Verizon, Trustwave, Symantec Corporation, and Cisco Systems. Majority of the firms emphasize product developments and their launches to gain dominance.

Tags : IOT security market size, IOT security market forecast, gartner IOT security forecast, IOT safety industry, IOT security testing tools

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