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Smart Insights: IoT to generate EUR 21.5 billion in revenues for security solution providers by 2022
February 2017 by Smart Insights
Intelling is publishing a new Smart Insights Report “Security solutions to expand smart IoT markets” that analyzes the Internet of Things (IoT) security business opportunity. Service providers rely on IoT solutions to reach new efficiencies and performance optimization along with the introduction of new big data analytics. Although the potential benefits are undeniable, today most IoT systems lack adapted security architectures to face the risks of a connected world. IoT complexity demands the implementation of security solutions from end-to-end of the value chain.
Smart Insights Report “Security solutions to expand smart IoT markets” focuses on secure IoT opportunities in six market segments (smart home, consumer devices, automotive, smart cities, industrial IoT and healthcare). It analyzes major trends and challenges, the IoT security architecture and security solutions available, the value chain as well as the positioning and business models of the multiple stakeholders in this industry. Standardization, interoperability, regulation and privacy issues, among others, are also discussed.
The Smart Insights Report: “Security solutions to expand smart IoT markets,” forecasts secure IoT device shipments and their installed base in six market segments between 2017 and 2022. In each market segment, shipments are also calculated according to the type of security solution adopted (i.e. software, hybrid or hardware.) Moreover, product and services revenues are also computed for each segment during the forecast period.
Thierry Spanjaard, CEO of Smart Insights declares: “IoT is the major business opportunity our industry has seen since mobile phones. But to reach its full potential, security must be the cornerstone of IoT systems. The secure transactions industry has a long standing experience securing connected devices; its stakeholders are the logical choice for IoT security platform providers.”
Silvana Pintão, industry analyst for Smart Insights and author of the report adds: “IoT will bring major opportunities for our industry security providers, including hardware and software sales, but also services delivery. The true value of IoT will be in the value-added services that will transform the end-user experience.”
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Smart Insights Report “Security solutions to expand smart IoT markets” has been conducted combining Smart Insights long-standing experience and unique positioning in the secure transactions industry with interviews with key players in the IoT industry. It is an essential tool to all key stakeholders in secure transactions and IoT industries such as solution providers, hardware and software providers, system integrators, standards organizations, technology developers, etc.
