The global market for IoT devices and service platforms was approximately $1.1 billion in 2017 in entire IoT platform markets. It will continue to grow rapidly at an average of 36.2% annually to be a huge market worth $61.6 billion by 2030.
Industry of IoT is growing and as cyber-attacks targeting IoT systems are becoming a reality and the damage is increasing, the IoT security market is growing as well.