IoT Cybersecurity Industry Analysis 2024-2030

Description

Overview

Across all industries, IoT cybersecurity maturity remains relatively low despite some industries being further along than others. The maturity of IoT cybersecurity lags behind the rapid growth in IoT deployments, highlighting the escalating necessity for security measures. As the complexity, scale and scope of IoT deployments evolve, and the growing number of devices expands attack surfaces, security will become increasingly critical. Westlands advisory estimates that expenditure on IoT security in 2023 was $7.3B or 3.7% of the global spend on cybersecurity. By 2030 IoT will make up 5% of expenditure.

Investment is being driven by regulation, weak native device security, device proliferation and growing adversarial interest in IoT devices. Investment is particularly strong in critical national infrastructure (utilities, transportation, and financial sectors) and life critical applications (aerospace, automotive, and healthcare) . A growing focus on critical infrastructure cybersecurity and the rapid adoption of IoT devices in these fields will drive significant growth in highly regulated industries. Accordingly, these are the largest market segments and investment will continue to increase rapidly to 2030.

The rollout of 5G technology is catalysing rapid IoT growth by providing fast, more reliable connectivity thereby facilitating more widespread 'Massive' and 'Critical' IoT deployments. The increasing recognition of data's intrinsic value is further driving IoT adoption as organisations seek to leverage real time insights for improved decision making and operational efficiency. As IoT adoption increases, the number of connected devices is expected to grow, necessitating comprehensive Device Asset Management to effectively handle this expansion. Poor native device security has made these devices particularly weak links in the security of digital deployments. As such there is a growing focus on secure by design and embedded device protection, particularly accelerated by legislative initiatives and national certification schemes aimed at enhancing IoT product security.

By 2030 WA expects IoT cybersecurity maturity to have advanced significantly within the automotive and aerospace industries with transportation and utilities following closely behind. Many organisations will integrate IoT security into their overall cybersecurity strategy as these devices become increasingly integral to their operations and infrastructure. WA also expects far greater native device security as regulation drives investment in secure-by-design practices. Although the scale and scope of IoT adoption and cyber security maturity will vary greatly across industries and geographies, the trend towards greater IoT security awareness and implementation is expected to continue its upward trajectory.

Definition

The project focuses on cybersecurity technologies and solutions used to establish trust and security at the device, edge and network level. This does not include security of Virtual Private Clouds, the IoT data residing in the cloud, or IoT applications. Using the Azure IoT Trust Model, the focus of the work includes protection of devices, gateways, networks, and data in transit between the field gateway and the cloud gateway. The professional and managed security services segment includes services related to advising, implementing and monitoring IoT devices and networks which may include the cloud services.

Segmentation

Deliverables

1. Definitions & Segmentation

Executive Summary

1. Executive Summary
2. Total Available Market by Industry Segment
3. Market Forecast by Industry Segment
4. Market Share and Growth Rates by Industry Segment
5. Market Size by Country
6. Market Size by Region and Industry Segment
7. Market Expenditure and Growth Rate by Technology and Service

Cybersecurity Investment Drivers

1. Summary of Investment Drivers
2. Economics Summary
3. Technology Summary
4. Regulatory Summary
5. Summary of Major Regulatory Developments
6. Regulatory Impact on Industries
7. Risk Summary
8. Summary of IoT Threats and Vulnerabilities
9. Threat Trends
10. Vulnerability Trends
11. Risk Trends

IoT Architectures

1. High Level IoT Platform Architecture
2. High Level IoT Platform Architecture and Project Scope
3. IoT Scenarios
4. AWS Architecture
5. Azure Architecture
6. Rockwell Automation, PTC & Azure Architecture
7. IoT Connectivity Requirements
8. IoT Connectivity Technologies
9. IoT Stack Mapped to Threats and Security Measures

Technology Lifecycle & Use Cases

1. IoT Device Trust Definition
2. IoT Device Trust Trends
3. Device Trust Solutions
4. IoT Device Security Management Definition
5. IoT Device Security Management Trends
6. IoT Device Security Management Solutions
7. IoT Threat Detection Definition
8. IoT Threat Detection Trends
9. IoT Threat Detection Solutions
10. Network Protection Definition
11. Network Protection Trends
12. Network Protection Solutions
13. IoT Endpoint Protection Definition
14. IoT Endpoint Protection Trends
15. IoT Endpoint Protection Solutions
16. Professional Security Services Definition
17. Professional Security Services Trends
18. Managed Security Services Definition
19. Managed Security Services Trends
20. IoT Security Technology and Services Forecast 2023-2030

Market Expenditure & Outlook

1. Summary
2. Market Forecast by Industry Segment 2023-2030
3. Industry Segment by Expenditure & Growth Rate
4. North America Market Forecast by Industry Segment 2023-2030
5. North America Expenditure 2030 and CAGR by Industry Segment
6. North America Market Forecast by Country 2023-2030
7. Asia-Pacific Market Forecast by Industry Segment 2023-2030
8. Asia-Pacific Expenditure 2030 and CAGR by Industry Segment
9. Asia-Pacific Market Forecast by Country 2023-2030
10. Europe Market Forecast by Industry Segment 2023-2030
11. Europe Expenditure 2030 and CAGR by Industry Segment
12. Europe Market Forecast by Country 2023-2030
13. Africa Market Forecast by Industry Segment 2023-2030
14. Africa Expenditure 2030 and CAGR by Industry Segment
15. Africa Market Forecast by Country 2023-2030
16. Middle East Market Forecast by Industry Segment 2023-2030
17. Middle East Expenditure 2030 and CAGR by Industry Segment
18. Middle East Market Forecast by Country 2023-2030
19. Latin America Market Forecast by Industry Segment 2023-2030
20. Latin America Expenditure 2030 and CAGR by Industry Segment
21. Latin America Market Forecast by Country 2023-2030
22. Central Asia Market Forecast by Industry Segment 2023-2030
23. Central Asia Expenditure 2030 and CAGR by Industry Segment
24. Central Asia Market Forecast by Country 2023-2030

IoT Cybersecurity Ecosystem

1. Summary
2. Ecosystem
3. Product Map by Vendor
4. IoT Platforms and Security Services

Vertical Market Forecast

1. Aerospace Trends
2. Aerospace Market Expenditure 2023-2030 and by Region
3. Agriculture Trends
4. Agriculture Market Expenditure 2023-2030 and by Region
5. Automotive Trends
6. Automotive Market Expenditure 2023-2030 and by Region
7. Education Trends
8. Education Market Expenditure 2023-2030 and by Region
9. Healthcare Trends
10. Healthcare Market Expenditure 2023-2030 and by Region
11. Hospitality and Entertainment Trends
12. Hospitality and Entertainment Market Expenditure 2023-2030 and by Region
13. Industrial Trends
14. Industrial Market Expenditure 2023-2030 and by Region
15. Logistics Trends
16. Logistics Market Expenditure 2023-2030 and by Region
17. Transportation Trends
18. Transportation Market Expenditure 2023-2030 and by Region
19. Utilities Trends
20. Utilities Market Expenditure 2023-2030 and by Region
21. Retail Trends
22. Retail Market Expenditure 2023-2030 and by Region
23. Defence Trends
24. Defence Market Expenditure 2023-2030 and by Region
25. Finance Trends
26. Finance Market Expenditure 2023-2030 and by Region
27. Public Safety Trends
28. Public Safety Market Expenditure 2023-2030 and by Region