Report: Regulation drives IoT security market

The market for “Internet of Things” security is expected to grow from $6.89 billion in 2015 to $28.9 billion by 2020, according to a new report by MarketsandMarkets, with government mandates acting as a “major driving force” for growth.

“Due to mandatory government regulations throughout Europe and North America regarding the security standards of data protection, investment towards IoT security in the region has been augmented,” the report states. “This has acted as a major driving force for the...