Security News > 2021 > September > IoT interest is growing, but so are cybersecurity concerns

The report finds a growing interest in using the IoT in several ways, such as improving the efficiency of the supply chain, running shop floor equipment, and powering autonomous vehicles.

"Most large enterprises, having chosen their IoT platforms by now, are interested in scaling their IoT initiatives globally."

While the pandemic slowed overall investment in the IoT in 2020, the manufacturing industry, for one, increased its spending on IoT outsourcing contracts, the report says, in line with strong growth in smart manufacturing initiatives before the pandemic.

In addition to pandemic-related impacts, many companies rolling out the IoT are concerned about cybersecurity, and they're turning to service providers to help them protect the data flowing over IoT systems, the report says.

IoT service providers are building security services into their consulting and managed services engagements, especially those focused on IT and operational technology convergence, the report adds.

The report sees a growing interest in 5G networking technologies as a way to connect IoT networks, but it notes spectrum availability is inconsistent across the globe.

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