IoT Security Market Research Report

The growing number of ransomware attacks on IoT devices and the rising data risk in IoT networks globally are the major factors driving the growth of the global IoT security market. The hackers are attacking IoT devices and taking benefit of known vulnerabilities, such as those regarding the default username, static code backdoor, and password. Thereby, the growing vulnerability of critical systems promotes the government of numerous countries to opt for IoT-enabled security.

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