GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Iot Industry Statistics

The IoT industry is expected to face a substantial increase in cybersecurity breaches, with research indicating that nearly half of all organizations experienced an IoT security incident in 2020.

Statistic 1

"57% of IoT devices are vulnerable to medium- or high-severity attacks."

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Statistic 2

"80% of security professionals claim that IoT devices are not secure enough."

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Statistic 3

"68% of manufacturers expect to invest in IoT security technology over the next year."

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Statistic 4

"IoT devices experience an average of 5,200 attacks per month."

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Statistic 5

"Factory downtime from IoT cyber attacks costs manufacturers up to $50 billion annually."

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Statistic 6

"By 2030, it is estimated that over $1.1 trillion will be invested in IoT security."

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Statistic 7

"The global IoT security market size is expected to reach $73 billion by 2026."

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Statistic 8

"60% of consumers claim they won’t buy IoT devices if they know it lacks strong security."

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Statistic 9

"By 2025, there will be more than 75 billion IoT devices connected globally."

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Statistic 10

"IoT-related cyber incidents cost businesses an average of $330,000."

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Statistic 11

"The healthcare sector is one of the hardest hit, making up 30% of all IoT attacks."

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Statistic 12

"IoT ransomware attacks have increased by 150% year-over-year."

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Statistic 13

"Automated machines and industrial robots are primary targets in manufacturing, with 37% of attacks targeting them."

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Statistic 14

"82% of organizations have difficulty identifying all the devices connected to their network."

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Statistic 15

"Around 83% of organizations have experienced a cybersecurity breach in their IoT ecosystem."

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Statistic 16

"Roughly 48% of consumers are concerned about the security of IoT devices."

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Statistic 17

"By 2027, IoT security spending is expected to surpass $3.1 billion."

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Statistic 18

"The energy sector reports about 18% of all IoT attacks."

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Statistic 19

"Financial services see around 22% of IoT-based cyberattacks."

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Statistic 20

"21% of IoT devices still use legacy operating systems that no longer receive updates."

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