Are we on the edge of an explosion of the Internet of Things (IoT)? It appears so, and it seems like organizations are serious about securing the IoT, according to new Gartner research. According to ZDNet, Gartner predicts that:
global spending on security for the Internet of Things (IoT) will reach $348 million this year, a 23.7 percent increase from last year’s $281.5 million spend.
As the IoT gains momentum, Gartner expects the 2017 worldwide spend to fall just shy of $434 million, whilst the 2018 predicted spend is $547 million.
It sounds like a lot of money, but Gartner says that this is a drop in the bucket when you compare it to overall security spending. The analyst group also predicts that in the next four years, a quarter of all attacks will target the IoT, well out-gaining the percentage of security dollars budgeted for IoT security.
Where will the bulk of enterprise IoT security threats be? According to new research from Spiceworks, expect that threat to be coming primarily from wearable technologies. The majority of IT professionals said their greatest IoT security concern is wearables, followed by video equipment.