The size of the global IoT security market was estimated at USD 2,221.0 million in 2019, and it is anticipated to grow to USD 20,776.1 million by 2027, at a CAGR of 32.3%.
98% of the traffic from IoT devices is unencrypted, according to Palo Alto Networks, Inc.'s Unit 42 IoT threat report from March 2020. This data shows that the majority of sensitive and private information on the...
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