Smart Buildings

Global Revenues for Smart Building Cyber Security will Reach $8.65Bn by 2021

Today we have published a brand new report, which is an objective assessment of the market for Cyber Security Hardware, Software & Services in Commercial Buildings from 2016 to 2021. The rise of the Internet of Things in Buildings (BIoT) offers up tangible business benefits and many new opportunities for innovation, but these need to be carefully weighed up against the potential risks of increased cyber security vulnerability. Our report finds that if threats are not properly managed by stakeholders across the supply chain, we run the risk of undermining consumer confidence in the market. The increased proliferation of smart devices, combined with persistent concerns over cyber risk and data privacy and an increased incidence of cyber attacks against smart buildings will drive a significant increase in demand for new cyber security hardware, software and services in the market. We estimate that global revenues for smart building cyber security will reach $8.65 billion by 2021, […]

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