FMI Forecasts Revenue from the Global IoT Security Product Market to Increase from US $12 Bn in 2017 to About US $48 Bn by 2027
Increasing adoption of digital technologies including web-based services, online education, and online banking has accelerated adoption of smartphone among individuals, which in turn has necessitated security of such technologies against cyber-attacks. Various governments across the globe have imposed stringent laws, in order to ensure secure environment and maintain privacy for connected devices. In addition, several enterprises are focusing on implementation of Internet of Things (IoT)-based solutions, encouraging employees in bringing their own devices for flexibility.
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