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The IoT security opportunity: turning defence into attack



The GSMA Intelligence IoT Enterprise Survey Q4 2018 revealed that security (along with integration with legacy systems and cost) is a top three IoT deployment challenge. Enterprises have high demands of the IoT ecosystem, expecting security to be a core capability of an IoT solution and relying on specialist third-party security consultants to address their security concerns. By 2025 IoT security revenue will account for a small proportion of overall IoT revenue, as security is often taken for granted or deemed a hygiene factor. However, the relatively low revenue contribution understates the actual importance of security given that it is an all-or-nothing factor.

IoT stakeholders have different approaches to enabling secure IoT deployments. Practising secure-by-design principles is a default position required by legislation. Beyond that, providing security features at each of the four IoT deployment stages (manufacturing, development, launch and usage) is the key focus for providers of security solutions – but it is also the most competitive space. This report examines which players are best-placed to capture the IoT security opportunity.


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