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