The internet of Things (IoT) is still a baby compared to other computing technologies, but the market has already exploded and continues to expand at a healthy pace. Telecommunications giant Ericsson estimates the number of IoT connections to grow from 10.8 billion in 2019 to 24.9 billion in 2025, or a 15 percent compound annual growth rate (CAGR).
Estimates from the international Data Corporation (IDC) are even more robust. IDC forecasts that by 2025, the number of connected IoT devices will grow to 41.6 billion — together generating 79.4 zettabytes of data. That’s enough data to stream close to 26.5 trillion hours of Netflix in high definition.
The mind-boggling growth of the world of IoT comes with a hefty challenge. Securing connected devices has been a problem all along, as IoT devices are notoriously vulnerable to attacks. The old but still good story about hackers breaching a casino network through a connected fish tank may be the best illustration of the IoT risks.
Connected toasters and light bulbs may not be the first things to come to mind in matters of national security concerns, but Japan thought otherwise. As the