The worldwide spending on Internet of Things (IoT) security will reach $1.5 billion in 2018 — a 28 percent increase from the 2017 spending of $1.2 billion, according to a Gartner forecast on Wednesday.

Global spending on IoT security is expected to reach $3.1 billion in 2021, the report, titled “Forecast: IoT Security, Worldwide, 2018”, said.

Source: Internet of Things: IoT security spending to reach $1.5 billion in 2018 – Gartner : The Economic Times