The global Internet of Things (IoT) security market is slated to witness a tremendous growth during the forecast period from 2016 to 2024. The growth can be traced to a growing adoption of cloud based services for authentication process. Cloud is being used for the storage of biometrics information. As most organizations today are adopting cloud technology for storing their confidential data, there arises need for developing security measures to protect the cloud against unauthorized access. The high adoption of cloud based services by small and medium scale enterprises such as pay per use model, is offering flexibility and scalability to these enterprises and this has resulted in a staggering increase in the adoption of cloud based services for the purpose of data storage. This is expected to create a heightened need for IoT security solutions and drive the market worldwide.
Source : Web NewsWire