Press Release
A new study from Juniper Research, the foremost experts in the Internet of Things market, has found that the global number of IoT devices protected by cybersecurity solutions will reach 28 billion by 2028; rising from only 14 billion in 2024. This represents a growth of over 100% over the next four years. However, despite this sizable growth, it warned that as the complexity of IoT networks’ grows, frameworks that underpin security solutions are increasingly necessary to counter fragmented approaches to IoT cybersecurity.
ZTA Frameworks Enable Scalability
With weak IoT security, enterprise IoT users risk events such as data breaches, financial losses and regulatory non-compliance. To best position IoT networks against these threats, the study identified the implementation of zero-trust architecture (ZTA) frameworks as a priority. ZTA frameworks operate on the principle that no device on a network is to be inherently trusted; requiring constant authentication. These frameworks also offer greater visibility of IoT device activity through continuous authentication; enabling earlier threat detection and mitigation.
Given the scale of expected IoT growth, and rapid digitalisation by small-to-medium enterprises (SMEs), these frameworks will need to be deployed across IoT networks of various sizes. As the number of networks grow, vendors must leverage the scalability of ZTA frameworks to ensure that cybersecurity solutions keep pace.
Research author Michelle Joynson stated, “The IoT cybersecurity market is expected to reach $51 billion by 2028; partly driven by adoption from SMEs. To capitalise, vendors must simplify their solutions in a time when IoT architectures are becoming increasingly complex, and a greater number of connectivity technologies are used.”
About the Research
The research suite offers a comprehensive assessment of the IoT cybersecurity market to date, including insightful market analysis and in-depth forecasts for 60 countries. The dataset contains over 18,200 market statistics within a five-year period. It includes a ‘Competitor Leaderboard’ and product and service analysis to examine the current and future market opportunities.
