“We have seen significant growth in the deployment of WFH devices, which has led to growing PC sales as well as investment in new secure connectivity like SD-WAN at scale to offer improved connectivity to the office as well as flexibility that VPN isn’t as well suited for.”
A multitude of new devices have been connected to the Internet already this year, and many more will connect in the coming weeks and months. That said, the Internet of Things (IoT) gateway has become an important link in the IoT security and device authentication value chain.
“IT leaders today are dealing with competing objectives: To keep the lights on — running mission-critical applications while protecting the business from outages — and to enable the business to react to market changes quickly and adopt new technologies or services when they need them (not necessarily when IT is ready or has the cash to spend on them).”
Enterprise spending on IT security products and services has experienced new growth in 2020, as many organizations invest in solutions to meet the needs of a much larger remote workforce, and a wide range of online security threats that create additional requirements.
Enterprise IT security leaders need to protect endpoint devices from cyber attacks. Moreover, they want to offer effective and secure remote access for employees who are now working from home. Besides, this demand will continue to grow as more organizations embrace flexible working models.
Desktop as a service (DaaS) is expected to have the most significant growth in 2020, increasing 95.4 percent to $1.2 billion. DaaS offers an inexpensive option for enterprises that are supporting the surge of remote workers and their need to securely access enterprise applications from multiple devices and locations.
“The sudden shift to remote work has massively amplified the problem of protecting proprietary information. As companies had to implement remote access technologies fast (or upgrade existing infrastructures) to ensure business continuity, they often fell back on improvisation.”
Secure device authentication currently stands among the top-tier investment priorities for key IoT markets. According to ABI Research, hardware-focused IoT authentication services will reach $8.4 billion in revenues by 2026.
“Digitalization is yielding vast quantities of data, which offer opportunities for business, human well-being and the environment, if used effectively. New business models and technologies are allowing organizations to use data to generate top-line value while preserving individual agency and privacy.”
“Many companies are lagging behind current data privacy requirements. By prioritizing best-in-class privacy practices, companies can reduce the risk of security incidents and demonstrate their trustworthiness to customers.”