In 2024, it was estimated there were over 42 million global users of the healthcare internet of things. By 2028, this was forecast to reach around 67.5 million users.

Global revenue in the healthcare IoT segment of the internet of things market was forecast to continuously increase between 2024 and 2029 by over 50 billion U.S. dollars. After the eleventh consecutive increasing year, the indicator was forecast to reach 134.43 billion U.S. dollars and therefore a new peak in 2029.

The Internet of Things (IoT) is changing the way healthcare is delivered through interconnected technology and remote patient monitoring. One of the main challenges associated with the IoT is security. As of 2018, North America held the highest share of the healthcare IoT security market with about 47 percent of the market. By 2028, the Asia-Pacific region is expected to increase their hold on the market from about 17 percent to 22 percent.

Revenue in the healthcare IoT segment of the internet of things market in North America was worth around 31.5 billion U.S. dollars in 2024. The healthcare IoT market increased year-on-year and was forecast to continue increasing in the future to over 51 billion U.S. dollars by 2029.

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Internet Of Things Sensors Market Size 2024-2028

The internet of things sensors market size is forecast to increase by USD 63.09 billion at a CAGR of 41.29% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing demand for smart factories and Industrial IoT (IIoT) is driving the market, as sensors play a crucial role in enabling real-time monitoring and automation of industrial processes. 
Additionally, the need for remote monitoring of various applications, such as healthcare services and agriculture, is leading to a surge in demand for IoT sensors. Furthermore, regulatory compliance is becoming increasingly important, and sensors are essential for ensuring adherence to various standards and regulations. These factors are expected to continue fueling the growth of the IoT sensors market in the coming years.

What will be the Size of the IoT Sensors Market During the Forecast Period?

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The market is experiencing robust growth, driven by the increasing adoption of IoT technologies in various industries. IoT sensors play a crucial role in building security systems, connected healthcare, supply chain optimization, and smart home automation, among others. These sensors enable real-time data analysis, response time improvement, and AI-powered decision making in areas such as temperature and lighting control, edge computing, and error identification.
Market trends include the integration of IoT sensors in industrial automation, workflow optimization, and smart grid technology. In the realm of consumer devices, wearable technology trends, inertial sensors, and proximity-based systems are gaining traction. IoT sensors are also revolutionizing sectors like healthcare with applications in health monitoring, including electrocardiograms and occupancy sensors.
Additionally, IoT sensors are essential for digital transformation strategies in industries like transportation, enabling sustainable transportation solutions and autonomous vehicle development. In the realm of smart cities, IoT sensors are instrumental in optimizing energy management, air quality monitoring, and smart city infrastructure. Furthermore, IoT sensors are transforming industries like agriculture with precision farming and process optimization. In the realm of security, IoT sensors are being used for advanced robotics and occupancy detection, providing enhanced security measures. Overall, the IoT sensors market is a dynamic and evolving landscape, offering numerous opportunities for businesses seeking to leverage real-time data and improve operational efficiency.

How is this Internet Of Things Sensors Industry segmented and which is the largest segment?

The IoT sensors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Consumer electronics
  Automotive
  Food and beverages
  Healthcare
  Others


Type

  Temperature sensor
  Pressure sensor
  Humidity sensor
  Flow sensor
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By End-user Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period.

IoT sensors play a pivotal role in the consumer electronics industry, fueling the growth of markets such as wearable technology and smart homes. The integration of IoT sensors in devices enables enhanced functionality and responsiveness. Notable consumer electronics incorporating these sensors include smartphones, smartwatches, and fitness trackers, which monitor environmental changes, track user movement, and measure vital signs. The advent of IoT sensors has facilitated the development of smart homes, where devices can be remotely controlled via mobile applications. Additionally, IoT sensors are employed in industries like manufacturing, healthcare, transportation, and energy to optimize processes, improve response times, and enable remote monitoring.

Innovations such as connected cars, autonomous driving technologies, smart cities, aerospace, and industrial automation further expand the application scope of IoT sensors. These sensors contribute to energy efficiency, asset tracking, temperature and humidity control, and building automation, among other applications. IoT sensors enable data-driven strategies and facilitate the integration of machine learning and artificial intelligence, enhancing overall system performance.

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The Consumer electronics segment was valued at USD 1.18 billion in 2018 and showed a grad

The Internet of Things (IoT) medical and healthcare technology market in Japan was estimated at approximately 230 billion Japanese yen in 2018. The market was forecast to grow until 2024, reaching a size of around 320 billion yen.

Revenue in the healthcare IoT segment of the internet of things market in Europe was around 15.7 billion U.S. dollars in 2024. The market was forecast to continue increasing, and by 2029 it would be worth at least 23 billion U.S. dollars.

The global healthcare industry is increasingly embracing digital technologies, such as cloud, Big Data, Internet of Things (IoT), remote monitoring, and more, to deliver the best patient care. However, as more digital technologies are utilized, the greater potential there is for cyberattack. Healthcare data is particularly sensitive to cyberattack, since healthcare cyber breaches often involve loss of sensitive personal information and medical records. Digitally-connected medical devices are also susceptible to cyberattack, and interference with how these devices operate could potentially lead to patient harm or even death. Health system data breaches have occurred in the past and continue to occur. In 2019, there were 510 healthcare breaches of 500 records or more (up from 371 in 2018) reported to the US Department of Health and Human Services (HHS), which in total affected over 41 million patient records. Read More

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IoT Analytics Market Size and Trends

The IoT analytics market size is forecast to increase by USD 153.66 billion, at a CAGR of 46.4% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for data-driven insights in various industries. One of the key drivers is the need to enhance business efficiency, particularly in sectors such as healthcare with the use of heart rate tracking and other vital sign monitoring. However, challenges persist, including the sluggish connectivity for Internet of Things devices, which can hinder the seamless flow of data within the IoT ecosystem. The connected car market is also expected to contribute significantly to the growth of IoT analytics, as real-time data analysis becomes increasingly important for optimizing vehicle performance and enhancing the user experience. On-premise IoT analytics solutions continue to be popular due to concerns around data security and privacy. Overall, the market is poised for continued expansion as businesses seek to unlock the value of the vast amounts of data generated by IoT devices.

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The market has revolutionized various industries by enabling the generation and collection of vast amounts of data. This data, in turn, is fueling the automation and optimization of business processes across sectors such as manufacturing, healthcare, agriculture, supply chain management, energy-intensive industries, and smart homes. IoT technology is transforming industries by providing real-time data from various sources, including autonomous vehicles, global positioning systems, and wearable devices. This data is essential for process optimization and improving operational efficiency. For instance, in manufacturing, real-time data from machines can help identify potential issues before they escalate, reducing downtime and increasing productivity. In healthcare, IoT analytics is enabling a patient-centric model by providing personalized recommendations based on real-time data from wearable devices, such as heart rate tracking. This data can help healthcare professionals monitor patients' health status and provide timely interventions, leading to better patient outcomes. Similarly, in agriculture, IoT analytics is helping farmers optimize irrigation, monitor crop health, and manage livestock, leading to increased productivity and reduced costs.

In energy-intensive industries, real-time data from sensors can help identify energy wastage and optimize energy usage, leading to cost savings and reduced carbon footprint. IoT analytics is also transforming supply chain management by providing real-time visibility into inventory levels, shipping status, and delivery schedules. This data can help businesses optimize their supply chain operations, reduce lead times, and improve customer satisfaction. Furthermore, IoT analytics is enabling the development of smart homes, where data from various sensors can be used to optimize energy usage, improve safety, and provide personalized recommendations to residents. In conclusion, IoT analytics is transforming various industries by providing real-time data from various sources, enabling process optimization, and improving operational efficiency. The use of descriptive analytics in IoT data can help businesses gain insights into their operations, identify trends, and make data-driven decisions. By leveraging IoT analytics, businesses can gain a competitive edge and improve their bottom line.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Component

  Software
  Services


End-user

  Manufacturing
  Retail
  Healthcare
  Telecommunication and IT
  Others


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan


  Europe

    Germany
    UK
    France
    Spain


  Middle East and Africa



  South America

By Component Insights

The software segment is estimated to witness significant growth during the forecast period. In the market, software solutions held the largest share in 2023, according to the global market size. This dominance is driven by the expanding reach of IT and retail companies, leading to an increased need for managing vast amounts of data. SMEs in emerging economies, such as China, India, Brazil, Indonesia, and Mexico, are fueling the demand for IoT analytics software. These businesses require insights to drive growth and remain competitive.

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The software segment was valued at USD 6.94 billion in 2018. Companies cater to various industries, offering software solutions for real-time data collection and analysis. Ensuring data security is crucial

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Medical Device Security Solutions Market Size 2024-2028

The medical device security solutions market size is forecast to increase by USD 2.62 billion at a CAGR of 11.96% between 2023 and 2028. In the dynamic landscape of medical technology, the security of medical device solutions has emerged as a critical concern. The integration of advanced technologies such as Proteomics and Genomics in healthcare has led to the proliferation of Connected Medical Devices (CMDs) and Internet of Medical Things (IoMT) devices. While these innovations offer numerous benefits, they also introduce new vulnerabilities, making cybersecurity a priority. Data breach incidents have become increasingly common, with cybercriminals exploiting weaknesses in software and outdated platforms. Ransomware attacks on healthcare organizations have become a significant threat, putting sensitive patient information at risk. To mitigate these challenges, a strong cybersecurity strategy is essential. Market trends indicate a growing focus on securing medical devices, with an increasing number of organizations adopting advanced security solutions. Despite these efforts, the use of outdated platforms in the healthcare industry persists, leaving many devices vulnerable to cyber threats. To stay ahead, stakeholders must remain vigilant and invest in the latest cybersecurity technologies and best practices.

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Medical devices, including pacemakers, insulin pumps, and other implanted and wearable gadgets, have become increasingly integrated with the internet and hospital networks. While these advancements bring numerous benefits, they also expose sensitive data and medical equipment to cyber-attacks. Cyber threats to medical devices can lead to illegal access control, compromising patient privacy and potentially endangering lives. Sensitive data transmitted wirelessly between medical facilities, IoT technologies, and computing power can be intercepted, leading to data breaches and unauthorized access. The internet and cell phone connectivity in healthcare settings further expand the attack surface.

Similarly, cybercriminals can exploit vulnerabilities in these devices and networks, causing disruptions, data theft, and even manipulating medical device functionality. To counteract these threats, new technologies and cyber-secure measures are being adopted to protect medical devices and the data they generate. These advancements include Iot technologies, data analytics techniques, and big data solutions. Data analytics techniques and big data can help medical facilities identify and respond to cyber threats in real-time. By analyzing patterns and anomalies in medical device data, healthcare providers can detect and mitigate potential attacks before they cause harm. Proteomics and genomics data, which are increasingly being used in personalized medicine, also require strong security measures.

Moreover, ensuring the cyber security of these data types is crucial for maintaining patient privacy and confidentiality. Incorporating cyber security into medical device design is essential. This includes implementing secure access control mechanisms, encrypting data transmission, and regularly updating software and firmware to address vulnerabilities. Wireless technologies used in medical devices must also be secured to prevent unauthorized access and data interception. Encryption, authentication, and secure communication protocols are essential for maintaining the security of wireless medical devices. As medical devices become more interconnected and data-driven, the importance of cyber security in healthcare settings will only continue to grow. By implementing advanced security solutions, healthcare providers can protect patient data, ensure the integrity of medical devices, and maintain the trust of their patients.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Device

  Wearable and external medical devices
  Hospital medical devices
  Internally embedded medical devices


End-user

  Healthcare providers
  Medical devices manufacturers
  Healthcare payers


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Device Insights

The wearable and external medical devices segment is estimated to witness significant growth during the forecast period. In recent years, the healthcare industry has experienced significant transformation, integrating the Internet of Things (IoT) and advanced medical devices into the system. This shift towards decentralized care, from hospitals to homes, has led to the centralization of patient data in cloud-based hospital system

Global Cellular Connectivity IoT Network Security Market:

The global cellular connectivity IoT network security market size reached US$ 4.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2032, exhibiting a growth rate (CAGR) of 14.85% during 2024-2032. The growing prevalence of security breaches and cyber threats is stimulating the market.

Cellular Connectivity IoT Network Security Market Analysis:

• Major Market Drivers: The increasing concerns among individuals toward unauthorized intrusions in the corporate sector to secure network infrastructures are bolstering the market.
• Key Market Trends: The inflating popularity of industrial automation for efficiently managing IoT deployments, improving network reliability, enhancing wireless connectivity, etc., is acting as a significant growth-inducing factor.
• Competitive Landscape: Some of the prominent companies in the market include Aeris, Allot, Asavie (Akamai Technologies), Check Point Software Technologies Ltd, Emnify, Ericsson AB, FirstPoint, FORESCOUT, Fortinet, Inc., Pod Group (Giesecke+Devrient), Nokia, Palo Alto Networks, SUBEX, Tempered Networks, Inc., and ZARIOT, among many others.
• Geographical Trends: As per the cellular connectivity IoT network security market forecast report, the widespread installation of enterprise virtual private network (VPN) servers is stimulating the market in North America. Moreover, stringent regulations imposed by government bodies for security are further catalyzing the market in Europe. Besides this, the elevating commercialization of 5G is also fueling the market in Asia Pacific. Additionally, the expanding telecommunications sector is bolstering the market in Latin America.
• Challenges and Opportunities: The challenge of securing vast devices and data streams is hindering the market. However, the implementation of comprehensive threat detection systems will continue to fuel the market over the forecasted period.
  

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Cellular Connectivity IoT Network Security Market Trends:

Rising Focus on Data Security

Regulatory requirements are becoming stricter, which is compelling organizations to improve their security practices. Moreover, compliance generally involves detailed risk assessments, regular audits, and the adoption of privacy-by-design principles in IoT systems. In April 2024, one of the integrated cellular Internet of Things (IoT) connectivity services providers, Eseye, launched the Hera 200, designed specifically to simplify IoT device connectivity to the cloud and customer systems, ensuring network connections are reliable and that data transfer is secure and resilient. Furthermore, it also provides highly reliable and secure cellular, Wi-Fi, and Ethernet access options to globally deployed IoT devices that rely on single data communications paths. This is expanding the cellular connectivity IoT network security market share.

Growing Adoption of 5G

The shift toward 5G technology is offering lower latency, higher bandwidth, and greater connectivity. As more sectors integrate 5G into their IoT ecosystems, the focus will be on creating resilient security frameworks that can handle the increased volume and complexity of data transmitted. In May 2024, iONLINE Connected Networks, an enterprise private LTE/5G provider supplying IoT connectivity solutions across the globe, introduced FlexiSIM™, an intelligent network switching (eUICC) SIM, in the United States. It is further affordable, adaptable, reliable, and secure. This is positively influencing the cellular connectivity IoT network security market outlook report.

Continuous Technological Advancements

Innovations, including the introduction of edge computing, are bolstering the market. This shift introduces new security challenges, such as ensuring data integrity during transmission and securing edge devices. In June 2024, Crypto Quantique, a provider of quantum-driven security for IoT, and ZARIOT partnered with Kigen to implement quantum-safe hardware root-of-trust for cellular IoT. This is elevating the cellular connectivity IoT network security market outlook.

Global Cellular Connectivity IoT Network Security Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the cellular connectivity IoT network security market forecast at the global and regional levels for 2024-2032. Our report has categorized the market based on the end use industry.

Breakup by End Use Industry:

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• Telecom
• Manufacturing
• Energy and Utilities
• Healthcare
• Government
• Transportation
• Others
  

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes telecom, manufacturing, energy and utilities, healthcare, government, transportation, and others.

In the telecom industry, cellular connectivity IoT network security is essential due to the need for reliable, high-speed networks and the extensive use of connected devices. In the manufacturing sector, IoT devices are used for monitoring, automation, and data collection. The energy and utilities sector relies extensively on IoT for managing and monitoring critical infrastructure, such as power grids and water supply systems. Apart from this, the rising requirement for diagnostics, patient monitoring, and data management is fueling the market in healthcare. Furthermore, government organizations conduct regular security assessments to mitigate risks. In the transportation industry, IoT devices are used for fleet management, vehicle tracking, and infrastructure monitoring. This is escalating the cellular connectivity IoT network security market demand.

Breakup by Region:

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• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
  

The cellular connectivity IoT network security market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

In North America, the region's focus on smart cities, connected vehicles, and advanced manufacturing has heightened the demand for secure IoT networks. In Europe, the market is shaped by stringent data protection regulations, including GDPR. As per the cellular connectivity IoT network security market analysis report, brands, including Trend Micro, offer comprehensive protection through AI-driven threat intelligence and secure cloud services. Furthermore,

Market Overview:

Vietnam IoT security market size is projected to exhibit a growth rate (CAGR) of 33.83% during 2024-2032. The widespread adoption of advanced technologies to automate processes, along with the growing incidence of cybersecurity attacks, is primarily driving the market growth.

IoT security encompasses the adoption of strategies and precautions aimed at preserving the integrity of Internet of Things (IoT) devices, networks, and data. Its primary objective is to ensure the proper functionality of IoT devices, guarding against any malicious tampering. IoT security serves to shield sensitive data against unauthorized access and leaks while fortifying the entire network environment to deter potential cyber threats. It plays a pivotal role in aligning with legal and compliance standards pertaining to data protection and cybersecurity. This is achieved through the regulation of incoming and outgoing network traffic based on predefined security protocols, along with the constant monitoring of network and system activities to identify any signs of malicious behavior or security breaches. A critical facet of IoT security is the preservation of the integrity and confidentiality of health-related data collected by devices like wearable fitness trackers and other medical equipment.

Vietnam IoT Security Market Trends:

The Vietnam IoT security market is primarily stimulated by the increasing number of cyber terrorism and the swift integration of IoT technologies across a wide array of industries. Furthermore, the evolution of smart cities and the growing automation within various industry sectors have accentuated the demand for more robust and efficient security solutions, aimed at safeguarding highly sensitive personal and organizational data from potential malware intrusions, which is positively influencing the regional market. Concurrently, the advent of several contemporary trends, including Bring Your Own Device (BYOD) practices in corporate environments, is contributing to market expansion, as organizations are actively encouraging the implementation of IoT security solutions to manage their employees' communications and digital identities across on-premises, cloud, and hybrid environments. Additionally, the advancements in 4G and 5G technologies, coupled with the pervasive use of social media platforms leading to a substantial surge in identity theft and data breaches, are expected to serve as key drivers propelling the growth of the market over the forecasted period.

Vietnam IoT Security Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, security type, and vertical.

Component Insights:

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• Solutions
• Services
  

The report has provided a detailed breakup and analysis of the market based on the component. This includes solutions and services.

Security Type Insights:

• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Others
  

A detailed breakup and analysis of the market based on the security type have also been provided in the report. This includes network security, endpoint security, application security, cloud security, and others.

Vertical Insights:

• Energy and Utilities
• Manufacturing
• Automotive
• Transport
• Consumer Electronics
• Healthcare
• Others
  

The report has provided a detailed breakup and analysis of the market based on the vertical. This includes energy and utilities, manufacturing, automotive, transport, consumer electronics, healthcare, and others.

Regional Insights:

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• Northern Vietnam
• Central Vietnam
• Southern Vietnam
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam IoT Security Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam IoT security market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Vietnam IoT security market?
• What is the breakup of the Vietnam IoT security market on the basis of component?
• What is the breakup of the Vietnam IoT security market on the basis of

Snapshot img

Internet Of Things (IoT) Market Size 2024-2028

The internet of things (iot) market size is forecast to increase by USD 1554.5 billion at a CAGR of 18.52% between 2023 and 2028.

The market is experiencing significant growth and transformation, driven by technological advancements in various platforms and applications. One of the most prominent areas of development is in wearable devices, which are revolutionizing the way we monitor human health and environmental conditions. This trend is expected to continue as the technology becomes more sophisticated and affordable, creating new opportunities for businesses and individuals alike. However, the IoT market also faces challenges that must be addressed for continued growth. One of the most pressing issues is the lack of awareness and efficient management of IoT initiatives and investments. As the number of connected devices continues to increase, it becomes increasingly important for organizations to have a clear strategy for implementing and managing their IoT projects. Failure to do so can result in wasted resources and missed opportunities. Companies seeking to capitalize on the IoT market must focus on developing strategies for managing their initiatives and investments, while also staying abreast of the latest technological developments and trends. By doing so, they will be well-positioned to navigate the challenges and seize the opportunities presented by this dynamic and rapidly evolving market.

What will be the Size of the Internet Of Things (IoT) Market during the forecast period?

Request Free SampleThe market is experiencing growth, driven by the increasing integration of interconnected devices into various industries and applications. According to recent reports, the global IoT market is projected to reach a value of over USD1 trillion by 2026, with significant growth in sectors such as manufacturing, healthcare, and transportation. This expansion is fueled by the widespread adoption of IoT technology in areas like smart factories, logistics chain optimization, and intelligent disease monitoring. IoT is revolutionizing industries by enabling real-time data processing, cloud adoption, and improved service delivery. IoT devices, including those utilizing Bluetooth technology, are transforming industries by enhancing operational efficiency, reducing costs, and improving customer experiences. The market's direction is clear: IoT is poised to continue reshaping the business landscape and driving innovation across multiple sectors.

How is this Internet Of Things (IoT) Industry segmented?

The internet of things (iot) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationIndustrialRetailHealthcareICTOthersTechnologyRFIDSensorsNFCCloud servicesOthersGeographyAPACChinaNorth AmericaUSEuropeFranceGermanyNorwayMiddle East and AfricaSouth America

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period.The Industrial sector is experiencing significant growth in the adoption of IoT technology, which is transforming business operations by enhancing productivity and providing a competitive edge. IoT technology enables machinery and devices to connect to the Internet via software, generating valuable data for predictive maintenance and performance optimization. However, this segment encounters challenges, including the need for increased investments, business model redesign, security concerns, standardization, and interoperability issues. Favorable government policies and collaborations among IoT stakeholders can help mitigate these challenges and advance industry expertise. IoT technology is revolutionizing various sectors, including logistics chain, smart factory automation, and the energy sector. Service providers, such as SAS Software, VMware Tanzu, and Bluetooth technology companies, are capitalizing on this trend by offering IoT solutions. The revenue forecast for the IoT market is promising, driven by cloud adoption, data processing, and the implementation of smart city initiatives. 5G technology, physical events, and operational efficiency are other areas where IoT technology is making a significant impact. Telecom infrastructure and networking infrastructure providers, such as 4G technology and Internet connectivity companies, are essential partners in this digital transformation. Consumer behavior is also evolving, with real-time marketing analysis and autonomous systems becoming increasingly important. IoT technology offers numerous revenue-generating opportunities for hardware companies, network companies, and software companies. Canadian companies, in particular, are investing in smart citizen services, public safety, and emergency medi

Edge Computing Market size was valued at USD 6.24 Billion in 2023 and is projected to reach USD 34.81 Billion by 2031, growing at a CAGR of 23.97% from 2024 to 2031.

Key Market Drivers
Proliferation of Internet of Things (IoT) devices: The rapid proliferation of IoT devices is fueling the demand for edge computing, which processes data closer to its source. According to the International Data Corporation (IDC), the number of IoT devices worldwide is expected to reach 41.6 billion by 2025, creating 79.4 zettabytes of data. This vast amount of data necessitates real-time processing capabilities, which edge computing can deliver, accelerating market growth.
Growing Demand for Low-latency Applications: Edge computing is gaining popularity as more applications require real-time data processing and low latency. According to Cisco’s Annual Internet Report (2018-2023), the number of devices linked to IP networks will exceed three times the world population by 2023. The report also estimates that by 2023, 50% of all networked devices and communications will be machine-to-machine, with many of them requiring the low-latency capabilities provided by edge computing.
Increasing Adoption of 5G Technology: The deployment of 5G networks is accelerating the development of edge computing. According to the Global System for Mobile Communications Association (GSMA), 5G connections are estimated to total 1.8 billion by 2025, accounting for 21% of all mobile connections. This high-speed, low-latency network architecture enhances edge computing capabilities, allowing for faster data processing and increased performance across a wide range of applications.

Market Overview:

United States structural health monitoring market size is projected to exhibit a growth rate (CAGR) of 13.40% during 2024-2032. The rising construction of residential and commercial buildings, increasing frequency of natural disasters, such as hurricanes and earthquakes, and the growing emphasis on sustainability and reducing the environmental footprint of infrastructure projects represent some of the key factors driving the market.

Structural health monitoring (SHM) is a systematic process of monitoring and assessing the condition and performance of various structures, such as buildings, bridges, dams, and aerospace components, to ensure their safety, longevity, and efficiency. It relies on the integration of sensors, data analysis techniques, and advanced technologies to detect, evaluate, and predict potential issues or defects in these structures. It provides real-time or periodic monitoring, enabling early detection of structural damage or degradation. It helps identify potential structural issues before they become critical, minimizing the risk of accidents or failures. It reduces the need for expensive repairs or replacements, ultimately saving on maintenance costs. It enables proactive maintenance, ensuring that structures operate at their best performance levels. It is extensively used in assessing the health of bridges, buildings, and tunnels, ensuring the safety of infrastructure. It is also utilized in wind turbines and power plants to monitor critical components and prevent downtime. Moreover, it is employed in offshore platforms and pipelines to detect corrosion and structural weaknesses.

United States Structural Health Monitoring Market Trends:

The rising construction of residential and commercial buildings in the United States represents one of the primary factors driving the demand for SHM. Additionally, the increasing number of aging infrastructures is offering a favorable market outlook. SHM provides real-time data on the condition of these aging structures, aiding in timely maintenance and repairs. Along with this, the increasing frequency of natural disasters, such as hurricanes and earthquakes, is driving the need for continuous structural monitoring to detect vulnerabilities and potential failures. Apart from this, regulatory bodies in the United States are imposing stricter guidelines for the maintenance of critical infrastructure, which is catalyzing the demand for SHM. Furthermore, the development of advanced sensors, data analytics tools, and communication technologies is enhancing the capabilities of SHM systems. These technological advancements make SHM more accessible and effective, driving its adoption. Moreover, the growing emphasis on sustainability and reducing the environmental footprint of infrastructure projects is influencing the market positively. SHM can contribute to sustainability efforts by extending the lifespan of structures and reducing the need for resource-intensive reconstruction. In line with this, the increasing reliance of organizations in the United States on data-driven insights to make informed decisions is creating a positive outlook for the market. Besides this, the integration of the Internet of Things (IoT) into SHM systems is allowing for the collection of vast amounts of data from sensors distributed throughout structures. This data can be analyzed in real-time, enabling predictive maintenance and reducing downtime.

United States Structural Health Monitoring Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, technology, implementation method, and vertical.

Component Insights:

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• Hardware
• Software
• Services
  

The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware, software, and services.

Technology Insights:

• Wired
• Wireless
  

A detailed breakup and analysis of the market based on technology have also been provided in the report. This includes wired and wireless.

Implementation Method Insights:

• New Construction
• Retrofitting
  

The report has provided a detailed breakup and analysis of the market based on the implementation method. This includes new construction and retrofitting.

Vertical Insights:

• Civil Infrastructure
• Aerospace and Defense
• Energy
• Mining
• Others
  

A detailed breakup and analysis of the market based on vertical have also been provided in the report. This includes civil infrastructure, aerospace and defense, energy, mining, and others.

Regional Insights:

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• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Structural Health Monitoring Market Report Coverage:

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Wearable Health Sensors Market Size 2024-2028

The wearable health sensors market size is forecast to increase by USD 524.2 million at a CAGR of 10.7% between 2023 and 2028.

The market is experiencing significant growth due to increasing healthcare spending and the rising preference for remote monitoring services. Optical sensors and medical sensors are at the forefront of this trend, with applications in smart watches, fitness bands, smart glasses, smart fabric, bodywear, and footwear. These devices enable users to monitor their vital signs and health metrics in real-time, promoting proactive healthcare and disease management. However, concerns over data privacy remain a challenge, as the collection and sharing of sensitive health information raises ethical and security concerns. To address this, companies must prioritize data security and transparency, ensuring user data is protected and used only with consent. As awareness of the benefits of wearable health sensors continues to grow, the market is poised for continued expansion.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth as consumers increasingly prioritize fitness awareness and health maintenance. This trend is driven by the digitalization of healthcare and the widespread adoption of consumer electronics, such as smartphones, tablets, and smart devices. Wearable sensors, including accelerometers, optical sensors, and medical sensors, are integral components of this market. These sensors enable the collection of real-time health data, facilitating remote patient monitoring and self-health monitoring. Cardiovascular diseases (CVDS) represent a major health concern, and wearable sensors offer a promising solution. By monitoring heart rate, blood pressure sensors, and other vital signs, these sensors enable early detection and prevention of CVDS. The Internet of Things (IoT) and Machine-to-Machine (M2M) communication play a crucial role in the wearable sensors market. Smart platforms facilitate the seamless exchange of data between sensors, smart devices, and healthcare providers, enhancing the overall effectiveness of remote patient monitoring.



However, home healthcare is another sector benefiting from wearable sensors. These devices enable elderly individuals and those with chronic conditions to live independently while ensuring their health is closely monitored. Security is a critical concern in the wearable sensors market. Advanced encryption and authentication technologies ensure that sensitive health data remains protected. The integration of wearable sensors with smart technology, such as smartphones and smartwatches, offers unparalleled convenience and accessibility. Users can easily track their fitness and health metrics, receive real-time alerts, and access valuable insights to make informed decisions about their wellbeing. Next-generation sensors continue to emerge, offering enhanced capabilities and functionality. These advancements will further fuel the growth of the wearable sensors market, as consumers increasingly demand more sophisticated health monitoring solutions.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Heart rate sensors
  Pedometers
  Pressure and temperature sensors


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  South America

    Brazil


  Middle East and Africa

By Type Insights

The heart rate sensors segment is estimated to witness significant growth during the forecast period.

Wearable health sensors, including optical sensors and medical sensors, have gained significant traction in the US market with the increasing awareness of health and wellness. These sensors are integrated into various wearable devices such as smartwatches, fitness bands, smart glasses, smart fabric, bodywear, and footwear. Heart rate monitoring sensors, which utilize a methodology called photoplethysmography (PPG), are among the most common sensors used in wearables.

Furthermore, these sensors employ small light-emitting diodes (LEDs) on the underside of the device to measure blood flow in the user's wrist. The interaction of light with the blood is captured by another sensor, which then processes the data using other sensors and algorithms to generate pulse readings. Most wearables in the form of wristbands utilize these sensors to monitor fitness and health metrics. The inadequate awareness of these advanced health monitoring technologies and the rising healthcare spending are driving the demand for remot

Market Overview:

United States streaming analytics market size is projected to exhibit a growth rate (CAGR) of 20.87% during 2024-2032. The surge in real-time data volume, widespread adoption of cloud computing, expansion of the Internet of Things (IoT), demand for proactive decision-making, integration of artificial intelligence (AI) and machine learning (ML), escalating cybersecurity concerns, stringent regulatory requirements, and customer experience enhancement represent some of the key factors driving the market.

Streaming analytics refers to the process of continuously analyzing and processing real-time data streams to extract meaningful insights and make immediate, data-driven decisions. Compared to traditional batch processing, which deals with static datasets, streaming analytics focuses on dynamic, often time-sensitive information. This technology is particularly crucial in today's fast-paced digital landscape, where large volumes of data are generated in real-time from various sources such as sensors, social media, devices, and applications. Streaming analytics enables organizations to monitor, analyze, and respond to events as they occur, providing a proactive approach to data management. It involves the use of complex algorithms and analytics tools to identify patterns, detect anomalies, and extract valuable information in real-time. This instantaneous analysis is especially valuable in industries, such as finance, telecommunications, healthcare, and IoT, where timely decision-making is critical. Streaming analytics enhances operational efficiency, facilitates predictive maintenance, improves customer experiences, and supports a wide range of applications that benefit from rapid and continuous data analysis for actionable insights. It empowers organizations to harness the power of real-time data to gain a competitive edge and respond swiftly to evolving trends and challenges.

United States Streaming Analytics Market Trends:

The exponential increase in the volume of real-time data generated from diverse sources such as IoT devices, social media, and sensors represents the key factor driving the demand for streaming analytics solutions in the United States. Besides this, as organizations seek to extract actionable insights from this data deluge, the demand for streaming analytics solutions has surged, creating a favorable outlook for market expansion. Moreover, the widespread adoption of cloud computing has facilitated the scalability and flexibility required for processing and analyzing streaming data in real time, strengthening the market growth. In confluence with this, the continuous expansion of the IoT ecosystem is creating an unprecedented demand for streaming analytics to process and analyze the vast streams of data generated by interconnected devices, providing an impetus to the market growth. The market is further supported by the increasing need for immediate and proactive decision-making in industries such as finance, healthcare, and telecommunications, fueling the adoption of streaming analytics. Concurrently, the urgency to detect anomalies, identify patterns, and respond swiftly to events in real-time is acting as another significant growth-inducing factor. In addition to this, the rising awareness of the value of predictive analytics is contributing to the market expansion, with organizations leveraging streaming analytics to forecast trends, preempt potential issues, and optimize operations in real-time. Furthermore, the rising integration of AI and ML algorithms into streaming analytics platforms to enhance the ability to derive actionable insights by automatically identifying complex patterns and trends is presenting lucrative opportunities for market expansion.

United States Streaming Analytics Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, deployment mode, organization size, application, and industry vertical.

Component Insights:

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• Software
• Service
  

The report has provided a detailed breakup and analysis of the market based on the component. This includes software and service.

Deployment Mode Insights:

• Cloud-based
• On-premises
  

A detailed breakup and analysis of the market based on the deployment mode have also been provided in the report. This includes cloud-based and on-premises.

Organization Size Insights:

• Large Enterprises
• Small and Medium-sized Enterprises
  

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes large enterprises and small and medium-sized enterprises.

Application Insights:

• Fraud Detection
• Predictive Asset Management
• Risk Management
• Network Management and Optimization
• Sales and Marketing
• Supply Chain Management
• Location Intelligence
• Others
  

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes fraud detection, predictive asset management, risk management, network management and optimization, sales and marketing, supply chain management, location intelligence, and others.

Industry Vertical Insights:

• IT and Telecom
• BFSI
• Manufacturing
• Government
• Retail and E-Commerce
• Media and Entertainment
• Healthcare
• Energy and Utilities
• Others
  

The report has provided a detailed breakup and analysis of the market based on the industry vertical. This includes IT and telecom, BFSI, manufacturing, government, retail and E-commerce, media and entertainment, healthcare, energy and utilities, and others.

Regional Insights:

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• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Streaming Analytics Market Report Coverage:

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Medical Technologies Market Size 2024-2028

The medical technologies market size is forecast to increase by USD 325.9 billion at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing prevalence of diseases and an aging population. The market is also fueled by the growing adoption of connected devices and technologies, enabling remote monitoring and telemedicine services. However, the market faces challenges such as declining reimbursement rates and cost containment measures, which may impact profitability for market participants. Companies seeking to capitalize on market opportunities must focus on developing innovative solutions that address these challenges while improving patient outcomes and reducing healthcare costs. Strategic partnerships, collaborations, and mergers and acquisitions can also help companies expand their reach and enhance their offerings in this dynamic and competitive market. Overall, the market presents significant growth potential for investors and businesses, with opportunities in areas such as remote patient monitoring, telemedicine, medical imaging, and diagnostic equipment.

What will be the Size of the Medical Technologies Market during the forecast period?

Request Free SampleThe market encompasses a diverse range of products and services, including non-imaging diagnostics, research-related equipment, and medical devices. With advancements in technology, sectors such as GLP-1 therapies, artificial intelligence (AI), and machine learning (ML) are gaining significant traction. The aging global population is driving demand for healthcare solutions, leading to increased revenue for public companies in this sector. Medical devices, including wearable devices and implantables, are experiencing growth due to their ability to facilitate patient-centric care and improve healthcare outcomes. Healthcare providers are increasingly adopting mobile apps and telemedicine services to enhance efficiency and accessibility. Trading multiples for medical technology companies remain attractive, offering cash returns for investors. Inpatient admissions, surgical procedures, diagnostic procedures, elective ries, emergency room visits, and dental procedures continue to fuel market expansion. Orthopedic ries, in particular, are expected to witness substantial growth due to the rising prevalence of musculoskeletal disorders. The integration of AI and ML in medical technologies is revolutionizing diagnostics and treatment plans, enabling more accurate and personalized care. Overall, the market is poised for continued growth, driven by technological advancements, demographic trends, and evolving healthcare needs.

How is this Medical Technologies Industry segmented?

The medical technologies industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationMedical devicesIn-vitro diagnosticsEnd-userHospitalsClinicsOthersGeographyNorth AmericaUSEuropeFranceGermanyAsiaRest of World (ROW)

By Application Insights

The medical devices segment is estimated to witness significant growth during the forecast period.Medical devices encompass instruments, apparatus, appliances, materials, and articles used for disease diagnosis, prevention, monitoring, treatment, and alleviation. Major categories include therapeutic and surgical devices, patient monitoring, diagnostic and medical imaging devices, and others. Factors fueling growth include disease prevalence, aging population, health initiatives, and increasing healthcare expenditures. For example, by 2023, over 22% of the European Union population will be aged 65 or above (The World Bank Group). The medical devices market is further by advancements in technology, such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). Key segments include in-vitro diagnostics (IVD), wearable medical devices, and surgical robotics. Payment models, reimbursement policies, and regulatory standards also impact market dynamics. Chronic diseases, healthcare providers, and care delivery systems are significant end-users. Emerging economies offer growth opportunities, while macroeconomic factors and healthcare agencies influence market trends.

Get a glance at the market report of share of various segments Request Free Sample

The Medical devices segment was valued at USD 407.00 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on th

Market Overview:

Vietnam wireless connectivity market size is projected to exhibit a growth rate (CAGR) of 12.50% during 2024-2032. The inflating application of 5G networks, which offer faster data speeds, lower latency, and increased network capacity compared to previous generations, is driving the market.

Wireless connectivity refers to the ability of electronic devices to communicate and exchange data without the need for physical cables or wires. This technology utilizes various wireless communication protocols, such as Wi-Fi, Bluetooth, and cellular networks, enabling seamless data transfer between devices over short or long distances. Wireless connectivity has become ubiquitous in modern life, powering the communication between smartphones, laptops, tablets, smartwatches, and a plethora of other devices. It offers the convenience of untethered mobility, allowing users to access information, share data, and connect to networks without the constraints of physical connections. This technology has revolutionized industries, from telecommunications to healthcare, enabling the Internet of Things (IoT) and fostering a more interconnected and efficient world.

Vietnam Wireless Connectivity Market Trends:

The wireless connectivity market in Vietnam is thriving, driven by several key factors that are shaping the technological landscape. Firstly, the increasing demand for seamless and high-speed connectivity has propelled the adoption of wireless technologies across various industries. Moreover, the ubiquitous use of smartphones and smart devices has created a surge in data traffic, necessitating robust wireless infrastructure. Additionally, the proliferation of IoT devices, ranging from smart home gadgets to industrial sensors, has further intensified the need for reliable wireless connectivity. Furthermore, the advent of 5G technology has emerged as a significant driver, promising unparalleled speed and bandwidth for a wide range of applications. This next-generation connectivity is set to revolutionize industries such as healthcare, autonomous vehicles, and augmented reality. Simultaneously, the ongoing digital transformation across sectors has fueled the demand for flexible and scalable wireless solutions, fostering innovation and efficiency. In conclusion, a confluence of factors, including the demand for high-speed connectivity, the prevalence of smart devices, the rise of IoT, and the evolution of 5G technology, collectively propel the regional wireless connectivity market forward, creating a dynamic and interconnected future.

Vietnam Wireless Connectivity Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on technology, network type, and end user.

Technology Insights:

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• Bluetooth
• Wi-Fi
• Ultra-Wide Band
• NFC
• Cellular
• Zigbee
• GPS
• Others
  

The report has provided a detailed breakup and analysis of the market based on the technology. This includes bluetooth, wi-fi, ultra-wide band, NFC, cellular, zigbee, GPS, and others.

Network Type Insights:

• Wireless Wide Area Network (WWAN)
• Wireless Personal Area Network (WPAN)
• Wireless Local Area Network (WLAN)
  

A detailed breakup and analysis of the market based on the network type have also been provided in the report. This includes wireless wide area network (WWAN), wireless personal area network (WPAN), and wireless local area network (WLAN).

End User Insights:

• Automotive and Transportation
• Building Automation
• Consumer Electronics and Wearables
• Energy and Utilities
• Healthcare
• Industrial
• IT and Telecom
• Others
  

The report has provided a detailed breakup and analysis of the market based on the end user. This includes automotive and transportation, building automation, consumer electronics and wearables, energy and utilities, healthcare, industrial, IT and telecom, and others.

Regional Insights:

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• Northern Vietnam
• Central Vietnam
• Southern Vietnam
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Wireless Connectivity Market Report Coverage:

By 2025, forecasts suggest that there will be more than 75 billion Internet of Things (IoT) connected devices in use. This would be a nearly threefold increase from the IoT installed base in 2019.

What is the Internet of Things?

The IoT refers to a network of devices that are connected to the internet and can “communicate” with each other. Such devices include daily tech gadgets such as the smartphones and the wearables, smart home devices such as smart meters, as well as industrial devices like smart machines. These smart connected devices are able to gather, share, and analyze information and create actions accordingly. By 2023, global spending on IoT will reach 1.1 trillion U.S. dollars.

How does Internet of Things work?

IoT devices make use of sensors and processors to collect and analyze data acquired from their environments. The data collected from the sensors will be shared by being sent to a gateway or to other IoT devices. It will then be either sent to and analyzed in the cloud or analyzed locally. By 2025, the data volume created by IoT connections is projected to reach a massive total of 79.4 zettabytes.

Privacy and security concerns 

Given the amount of data generated by IoT devices, it is no wonder that data privacy and security are among the major concerns with regard to IoT adoption. Once devices are connected to the Internet, they become vulnerable to possible security breaches in the form of hacking, phishing, etc. Frequent data leaks from social media raise earnest concerns about information security standards in today’s world; were the IoT to become the next new reality, serious efforts to create strict security stands need to be prioritized.