Growing security spending dedicated to the Internet of Things

The global security spending within the Internet of Things will go up to the $ 348 million in 2016, marking a growth of 23.7% over the $ 281.5 million recorded in spending over the past year. For 2018 spending on IoT security will reach 547 million dollars. Although these stages the volume of spending appears to be moderate, the market analyst firm Gartner, who oversaw the study, says that growth will take a more rapid pace after 2020.

Ruggero Contu, Gartner research director, said: "The market for IoT security is currently small but is growing with companies and consumers starting to use the devices connected to an increasing extent. We expect that in the course of 2016 will grow to 6.4 billion the number of connected devices, to reach 11.4 billion in 2018. Among the various sectors, there are substantial differences, and as a result there are different levels of priority and security knowledge. "


The market for security products IoT depends directly on the rate of adoption in the consumer sector and in business. The endpoint spending will mainly consist of the connected car, as well as other complex machines and vehicles, such as heavy transport, commercial aircraft and machinery for agriculture and construction.

According to Gartner, by 2020 more than 25% of identified attacks in the enterprise will involve IoT, although in this area will be allocated less than 10% of the IT security budget. The vendors of security products and solutions will thus find ways to offer security features IoT usable, although initially there will be a greater focus on identifying individual vulnerabilities instead of a long-term approach to better protection for connected devices .