IoT startups fill security gaps
As the volume of IoT devices connecting to enterprise networks continues to climb, the number of security threats has been increasing in lockstep. Cybersecurity threats, alongside supply chain issues, chip shortages and geopolitical instability, are a major reason that IoT growth has been slower than many analysts had predicted.
Even so, the scale of the IoT security problem is great enough that 52 IoT startups raised a total of $840 million in the latest quarter, and even cautious analysts believe the IoT market will grow steadily in the coming years. In fact, research firm IDC predicts that the IoT market will expand to 55.7 billion connected IoT devices by 2025, with those devices generating 80B zettabytes (ZB) of data.