Gartner: 2018 IoT Security Spending To Reach $1.5 Billion

Gartner: 2018 IoT Security Spending To Reach $1.5 Billion

Gartner predict that worldwide spending on IoT security will reach $1.5 billion in 2018. Comparing with 2017 IoT security spending will increase by 28% (from $1.2 billion). Gartner says by 2021, such concerns will push IoT security spending to over $3.1 billion. Worldwide IoT Security Spending Forecast (Millions of Dollars) 2016 2017 2018 2019 2020 2021 Endpoint Security 240 302 373 459 541 631 Gateway Security 102 138 186 251 327 415 Professional Services 570 734 946 1,221 1,589 2,071 Total 912 1,174 1,506 1,931 2,457 3,118 Source: Gartner (March 2018) https://www.gartner.com/newsroom/id/3869181