This article was 1st published on our sister Site, The Internet Of All Things.
Basingstoke, England, April 1, 2020: A new study by Juniper Research has found that the total number of IoT connections will touch 83 billion by 2024, up from the present-day 35 billion connections.
This, said the research firm, represents a growth of 130 percent over the next 4 years. The industrial sector will be the key driver of this growth.
The new research, The Internet of Things: Consumer, Industrial & Public Services 2020-2024, found that the industrial sector, including manufacturing, retail and agriculture, would account for over 70 percent of all IoT connections by 2024. It anticipated that the emergence of cost-efficient private cellular networks would be a key driver of growth over the next 4 years.
Research co-author Sam Barker has said: “Industrial networks will need to scale rapidly as industrial IoT users adopt new technologies to expand the services available on their networks. However, IoT platforms must ensure that the security processes can scale alongside this network growth.”
Growing networks raise new security concerns
The research noted that the increasing complexity of private IoT networks will mean that platforms must implement steps to maximise security in all layers of the IoT ecosystem, including devices, connectivity and the platform itself.
The research has also urged vendors to implement security procedures that were highly scalable and could cope as network architectures become increasingly complex. It has suggested two key areas of focus; the use of network segmentation to mitigate the risks of lateral movement cybersecurity attacks and ensuring that the lifecycle management of network assets is properly maintained.
