Threat mitigation market to see solid growth prospects in relentless and increasingly virulent cybersecurity battles

#News(Security) [ via IoTGroup ]

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This is the world of threat mitigation, where providers of cybersecurity solutions battle new, ever-evolving perils seeking to infiltrate and destabilize the IoT ecosystem.
These and other findings are in my new report, Threat Mitigation in IoT, which examines the threat landscape of the IoT technology ecosystem.

Other examples of threat mitigation solutions and approaches include firewalls and their more comprehensive version known as next-generation firewalls (NGFW), united threat management (UTM), web application firewalls (WAF), intrusion detection and prevention systems (IDPS), DDoS mitigation, advanced threat protection (ATP), data loss prevention (DLP), penetration testing, and secure web gateway.

The report also addresses the security response in threat mitigation, and the trajectory of threats discernible in trends across domain, technology, region, and vertical segmentation.
Ironically, the installed base of IoT devices is the largest contributor to the IoT cybersecurity threat landscape, as every new device connected to the internet provides one more means for potential compromise.
As security solutions of the past become inadequate in addressing the modern threats introduced by many newer devices, IHS Markit believes the monumental challenge to secure the expanding IoT will demand a concentrated and comprehensive effort from all contributing parties, extending throughout the entire information collection and transmission cycle.
In the IoT cybersecurity market, threat mitigation solutions are defined as those including any products, services, and solutions designed to implement the necessary corrective methods to combat cyberattacks or to reduce various risks of a similar nature that may be present in an information system.
Threat mitigation currently accounts for about 10%–one of the smaller sectors—of the IoT cybersecurity market.
One prominent proponent of threat mitigation is Japan, which has announced its intention to secure more than 200 million IoT devices operating in the country.
The only region where threat mitigation will remain flat is Central and Latin America (CALA), at present still a burgeoning IoT security market.
The list of vendors providing IoT threat mitigation solutions is a short one, with most of the market currently held by giant entities such as Microsoft, Dell, GE, and SAP

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