Press release published by: https://www.iottechnews.com
Source URL: https://www.iottechnews.com/news/2018/mar/23/gartner-global-expenditure-iot-security-hit-15-billion-2018/
A new report from Gartner has projected that expenditure on IoT security across the globe will hit $1.5 billion in 2018 from $1.2 billion in 2017 due to the growing efforts from enterprises to shield themselves from IoT-based threats.
According to Gartner forecast, the leading obstacle to IoT security spending growth will arise from a lack of prioritisation and implementation of security best practices and tools in IoT initiative planning. This will slow down the possible expenditure on IoT security by 80%.
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