The Internet of Things Security Foundation was launched on 23 September 2015 with a mission to secure the Internet of things by promoting knowledge and best practice. Its founding board is made from technology providers and telecommunications companies. In addition, large IT companies are continually developing innovative solutions to ensure the security of IoT devices. In 2017, Mozilla launched Project Things, which allows to route IoT devices through a safe Web of Things gateway. As per the estimates from KBV Research, the overall IoT security market would grow at 27.9% rate during 2016–2022 as a result of growing infrastructural concerns and diversified usage of Internet of things. The Internet of things requires huge scalability in the network space to handle the surge of devices. Early adopters are ushering in relatively basic applications that provide a fairly immediate payoff. Advanced automated systems will be adopted by organizations as these technologies develop further.
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