The lead analyst of the report said, North America generated the highest revenue in 2020 accounting for $5.07 billion. There is a huge market for IoT security in North America. North American homes have the highest density of internet of things (IoT) devices of any region in the world, according to researchers at Stanford University and Avast.

Generally speaking, cyber insurance provides companies or persons with economic security and covers against Internet-based risks. It helps to protect their assets and viability, and, unsurprisingly, costs far less than the price of shutting down business operations.

Organisations are increasingly adopting IIoT for improved operational efficiency, improved uptime, and asset utilisation through predictive maintenance and remote management.

With new technologies being developed on an almost daily basis, the cybersecurity industry has become one of today’s fastest-growing sectors. This is in large part due to the increasing numbers of web-savvy individuals and more services moving to online platforms than ever before. As one of today’s leading market insight firms, Visiongain has made it a point to provide the …