28 bn IoT devices will be installed by 2020: Tripwire survey

The number of installed Internet of Things (IoT) devices will reach 28 billion by 2020 which will deliver global economic value add of $1.9 trillion, said Tripwire in a survey.

The survey mentioned 68 percent of respondents believe that business efficiency requirements are forcing their organizations to adopt smart technology in spite of security risks.

In addition, 87 percent of respondents said their organization has a policy which places restrictions on employees connecting smart tools to the corporate network.

According to the survey, 62 percent of respondents said they already have connected personal devices.

73 percent of the respondents said functionality is the primary concern while purchasing a new smart device and not security.

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Additionally, 27 percent of the respondents own between five and ten smart devices excluding smart phones and laptops.

“Even though many organizations have policies against connecting personal smart devices to their corporate networks, employees often feel that connecting these devices via USB to charge them isn’t a problem,” said Ken Westin, security analyst for Tripwire.

Last month, Juniper Research mentioned in report, number of Internet of Things (IoT) connected devices will reach 38.5 billion units in 2020 up from 13.4 billion in 2015 while experiencing rise of over 285 percent.

Shilpa Khatri

[email protected]

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