IoT Security Spending to Top $1.5 Billion This Year

Tara Seals

Internet of things (IoT)-based attacks continue to make headlines and are becoming more frequent. According to a Gartner survey, nearly one-fifth of organizations have observed at least one IoT-based attack in the past three years. Accordingly, worldwide spending on IoT security will reach $1.5 billion in 2018, the firm said.

That’s a 28% increase from 2017 spending of $1.2 billion. Further out, IoT security spending is expected to reach $3.1 million in 2021.

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