Internet of Things (IoT) Security: North American Markets | 2023
Summary The North American IoT security markets are experiencing good market growth rate, which is creating intense competition. Consequently, many cloud and managed service providers are facing intense competition from in-house IT teams for IoT security solution deployment. Many upcoming IoT projects intend to implement in-house security systems to implement various security solutions. This may work well in the proof-of-concept stage, but in the longer term, many in-house solutions cannot scale to meet the demands of IoT projects. IoT solution providers who can benefit such companies with purpose built, modular solutions are using SaaS model. This is expected to be best prepared to meet the demand for IoT security as the IoT market matures and the need for security increases. ...