Beecham Research has published a report on solution security for the machine-to-machine (M2M) and internet of things marketplace. The report findings indicate that the M2M solution security market will reach $700 million by 2018.
The report also identifies end-to-end solution security as the leading concern for solution providers and for adopters of new M2M solutions. It highlights the importance of right-sizing security for M2M solutions and examines the varying degrees of security required for M2M solutions in different verticals. It suggests service providers exercise caution while reviewing threats and risks in order to help organisations avoid adopting overly strict security policies at the expense of the economic viability of the solution to be deployed.
Further, the report examines the value of security, assessing the costs versus the potential returns, and proposes four key revenue stream elements to cover solution security from a holistic viewpoint. The report also looks at the best practices and new business and partnership opportunities to create a more secure M2M market.
