Internet of Things (IoT) security spending will reach a hefty $348m in 2016, according to Gartner, an increase of 23.7 per cent on the $281.5m in 2015. Ruggero Contu, a research director at Gartner, explained that the IoT security market is small but growing as businesses and consumers adopt smart and networked devices. “Gartner forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 per cent from 2015, and will reach 11.4 billion by 2018. However, considerable variation exists among different industry sectors as a result of different levels of prioritisation and security awareness,” he said.
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ORIGINAL SOURCE: Computing