A Juniper Research study forecasts that the number of IoT devices secured by cybersecurity solutions will double to 28 billion by 2028, up from 14 billion in 2024.
The study, titled “Smart Defences for Smart Devices: AI in IoT Cybersecurity,” analyzed over 18,200 market statistics from the past five years.
This growth reflects the increasing security challenges linked to network complexity. The IoT cybersecurity market is projected to reach $51 billion by 2028, driven partly by the adoption of security measures by small-to-medium enterprises (SMEs).
The report highlights that while expanding IoT ecosystems improve business efficiency and connectivity, the complexity increases vulnerability, making each device a potential attack entry point. Weak IoT systems can lead to data breaches, financial losses, and regulatory issues.
Researchers identify zero-trust architecture (ZTA) as a crucial cybersecurity measure for IoT devices, as it enables continuous authentication and real-time threat detection, operating under the principle of not trusting any device. This technology can mitigate security risks effectively and is scalable for growing IoT systems.
To leverage market growth, research author Michelle Joynson emphasizes that vendors need to simplify their solutions amidst increasing IoT complexity and varied connectivity technologies.
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