This IDC study provides an update to IDC's worldwide IoT security products market outlook by taking into account total hardware and software revenue. The document also highlights key considerations for technology suppliers in this burgeoning, and complex, market as well as some of the drivers and inhibitors to growth throughout the forecast period.
"Consumers are already reaping some of the benefits of the Internet of Things, and as the technology is introduced into the workplace, organizations will need to assess the risk to critical corporate assets. Security vendors are playing a critical role in helping foster a dialog about these risks and identify ways IT processes and security products could apply to emerging data security and privacy use cases. This will translate into significant revenue growth over this period," said Robert Westervelt, research manager, Security Products, IDC.