The Global IoT Security Market is projected to see significant growth, according to a report by RationalStat. Expected to be valued at $19.6 billion in 2023, it’s predicted to grow by a CAGR of 24.8% between 2023-2030. This growth is driven by the rise in cyber threats which necessitate improved IoT security solutions, notably in sectors like healthcare and manufacturing. Network security is predicted to dominate market growth.
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