A comprehensive new report which was compiled by Juniper Research has projected that spending on Internet of Things cybersecurity solutions is set to rise by an incredible 300% in the next five years. The global research firm has estimated that investment in Internet of Things cybersecurity solutions will reach $6bn globally by 2023.
A new study compiled by the International Data Corporation (IDC) has projected that global IoT spending will surpass $1.2 trillion by 2022. The comprehensive study indicates that the market will experience a compound annual growth rate (CAGR) of 13.6% over the 2017-2022 forecast period on its way to hitting the eye-watering figure of $1.2 trillion.
The Brazilian government is continuing to aggressively pursue its ambitions to digitize the country after announcing a new initiative aimed at discovering and subsequently integrating new Internet of Things solutions into its cities.
US telecommunications incumbent AT&T has announced that it is collaborating with the City of San Jose in a public-private partnership which aims to foster the creation of a smart city.
AT&T and Nokia are teaming up to provide virtually seamless Internet of Things (IoT) connectivity around the world. The companies are using Nokia's Worldwide IoT Network Grid (WING) to offer AT&T's enterprise customers the benefits of Nokia's global IoT ecosystem. These include core network, dedicated IoT operations, billing, security, data analytics, and more.
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