The increasingly severe security issues in the Internet of Things require urgent industrial development

wide range of fields, with a large number of connected devices and significantly increased diversity and complexity, making the security issues faced by the Internet of Things even more severe.

The number of global cyber threats, cyber attacks, and criminal incidents is increasing, and the means are showing a trend of specialization, commercialization, and organization. Different from computers and smart phones, the processing capacity and memory of devices connected to the Internet of Things are usually small, and they lack powerful security solutions and encryption protocols. These devices connect to the Internet and face security problems every day. With the increasing size of the IoT market and the rising frequency of security incidents, the IoT security industry is facing significant challenges and opportunities for development.

According to the report, the global IoT security market maintains an average annual compound growth rate of over 30%, and the market size is expected to reach 28.9 billion US dollars by 2020, with extremely broad market prospects. China's Internet technology has made rapid progress. Driven by smart cities, smart manufacturing, smart homes and other fields, the Internet of Things market has flourished. Under the huge attraction, traditional IT infrastructure suppliers, Internet security enterprises, emerging start-ups and others have entered the Internet of Things security field layout, and the development of upstream and downstream industrial chains has become increasingly perfect.

Driven by national policies and market demand, China's information security industry has made significant progress. It has developed certain protection, supervision, and control capabilities against various types of cyber threats, and its overall strength continues to improve. However, compared to traditional network security, the diversity of security issues in the Internet of Things is more prominent, and the complexity of security protection is more severe. 70% of IT decision-makers in China believe that the development speed of the Internet of Things security field has not kept up with the development speed of the Internet of Things, making it difficult to meet the constantly changing market demands.

Our country's economy is undergoing transformation and upgrading, and the combination of various fields with technologies such as big data, cloud computing, and artificial intelligence has become a development trend. The arrival of the Internet of Things era is irreversible. The level of informatization in industries such as industry, agriculture, healthcare, and education in our country is increasingly high. In addition, with the development of smart cities, advances in autonomous driving technology, and the arrival of the 5G era, the security risks of the Internet of Things will rapidly increase. Once a cyber attack occurs, it will cause varying degrees of damage to national security, social order, public interests, and other fields. The development of China's IoT security industry is urgent.

The scale of China's IoT market is growing rapidly, with an increasing number of connected devices and expanding fields involved. The fragmentation, complexity, and diversity of IoT security issues are becoming more apparent, and the market has higher requirements for the technology, experience, and other aspects of the IoT security industry. The core of IoT applications is big data, and the secure and effective management of massive data to prevent leakage and tampering is a key concern for enterprises. In the future, enterprises that can create a secure ecosystem for the Internet of Things and have core competitiveness will be in an advantageous position.