Gartner: Global IoT security spending to hit $348m in 2016

The rapid growth of the Internet of Things (IoT) and the tandem acceleration in malicious attacks on connected devices will drive worldwide expenditures on IoT security by 24% this year to $348 million. And that’s the good news; according to a new report that momentum is expected to accelerate significantly after 2020. An Information Week article reported Gartner’s latest predictions on the IoT security market in a new market report released this week entitled “Forecast: IoT Security, Worldwide, 2016”.