Hackers drive huge global IoT security market growth

The widespread deployment of Internet of Things (IoT) technology is driving increased security breaches that will spark incredible growth in the IoT security industry.

 

A recent study by MarketResearchReports.biz predicts that compound annual growth in the IoT security market will reach nearly 55% over the next year.

 

Ÿ??With the continuously widening expanse of 2G, 3G, and 4G networks across the globe, the threat to digital data is also rising,Ÿ? the report press release stated. Ÿ??A rising number of highly sophisticated and complex data hacking incidences has rocked the digital world in the past few years, bringing the issue of data security to the forefront.Ÿ?

 

The report entitled Ÿ??Global IoT Security Market 2015-2019Ÿ? looked at the competitive landscape in the IoT space and how security concerns were mounting there.

 

Ÿ??With the mounting volumes of digital data being communicated between devices and people, governments are taking strict measures to secure network from viruses and hackers by establishing stringent regulations and policies,Ÿ? it said.

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