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Security in the Internet of Things Value Chain
Technology Strategy Formulation driven by an Understanding of Security Challenges and Key Stakeholder Responsibilities
19-Dec-2022
Global
Technology Research
DA62-01-00-00-00
IT04640-GL-TR_27278
The Internet of Things (IoT) has been playing a critical role in accelerating digital transformation across various sectors, leading the IoT market to exponential growth in terms of revenue and the number of devices adopted. However, with billions of IoT devices in use and more to enter the fray with the introduction of 5G, it is becoming increasingly challenging for companies to gain an in-depth understanding of the security nodes in the IoT value chain and manage the roles of different stakeholders. IoT security has thus become a critical concern.
In this study, Frost & Sullivan assesses the IoT value chain from a security perspective. The study provides an overview of the different roles and responsibilities in the IoT industry and analyzes stakeholder involvement in IoT device development. Emerging trends, including drivers, restraints, and their impact on the IoT market, have also been examined. The study also identifies the growth opportunities emerging from the changes in this space for stakeholders and market players to leverage.
Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Internet of Things (IoT) Security Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Methodology
Summary of Findings
Scope of Analysis
Growth Drivers
Growth Restraints
Important IoT Devices in the Global Digital Ecosystem
Types of IoT Devices: Industrial and Consumer
IoT Devices: Application Areas Across Sectors
IoT Security: Exploring Vulnerabilities
Mapping IoT Vulnerabilities and Attack Types
Headlining IoT Security Lapses in History
Headlining IoT Security Lapses in History (continued)
Headlining IoT Security Lapses in History (continued)
IoT Stakeholder Ecosystem: A Network of Design, Manufacturing, and Application Players
Exploring Stakeholder Involvement: IC Design Houses and ASIC Manufacturers Prioritize Firmware and Hardware Security Nodes
Exploring Stakeholder Involvement: Are Crucial in Ensuring End-product Security
Exploring Stakeholder Involvement: IoT Platform Builders Devoted to Ensuring Security Across Majority Virtual Nodes
Exploring Stakeholder Involvement: IoT Solution Creators Focus on Data and Application Security Nodes
Exploring Stakeholder Involvement: are
Armis: Unified Asset Visibility and Security Platform
Armis: Cyberphysical Integrity of a Building Management System (BMS)
CUJO: Network and Device Intelligence for Network Service Providers (NSPs)
CUJO: Media Access Control (MAC) Addresses Randomization
Finite State: Automated Security Platform for Connected and Embedded Devices
Finite State: Open-source Risk Management for Connected Devices through DCA
Karamba Security: Embedded Security Management Platform for Automotive
Karamba Security: Verifying Product Security with Seamless Analysis of Product Binaries with Karamba’s VCode
Forescout Technologies: End-to-end Zero-trust Security Management Across the Device Life Cycle
Forescout Technologies: IT Service Management (ITSM) Solutions
Shield-IoT: Monitoring and Securing Distributed IoT and IIoT Assets
Shield IoT: Urban Smart Lighting Deployments
Viakoo: Vulnerability Management for Enterprise IoT Devices
Viakoo: Automated IoT Vulnerability Remediation at Enterprise Scale
Nozomi Networks: IoT and OT Security Platform for IIoT
Nozomi Networks: ICS Cybersecurity Upgrade and Operational Development for Power Sector Operator
Emerging Trends in the IoT Security Ecosystem and their Impacts
Emerging Trends in the IoT Security Ecosystem and their Impact (continued)
Growth Opportunity 1: Advisory Solutions
Growth Opportunity 1: Advisory Solutions (continued)
Growth Opportunity 2: Sector-specific Security Solutions
Growth Opportunity 2: Sector-specific Security Solutions (continued)
Growth Opportunity 3: Industry-specific Certifications
Growth Opportunity 3: Industry-specific Certifications (continued)
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