tend to be enterprise-wide cybersecurity solutions rather than IoT-specific products, with additional security features bolted on later as needed.” “Enterprises struggle to understand the security risks that IoT devices bring to their network and technology ecosystems,” agreed Gartner analysts. “Enterprise investment in IoT security is generally insufficient and reliant on provider security.” Here again, the value chain ecosystem is rapidly forming. Approximately 80 percent of IoT providers surveyed by McKinsey are embedding security in some form into their IoT products, and roughly 70 percent of cybersecurity providers are making IoT-specific products. Further indicating early signs of convergence, approximately 60 percent of providers are partnering with security specialist to offer comprehensive IoT and cybersecurity solutions rather than building those capabilities in house. About half of providers, meanwhile, are building what McKinsey described as more “holistic solutions for both cybersecurity and the IoT.” Even so, “it’s hard to create a one-size-fits-all solution for cybersecurity needs across different verticals and use cases,” McKinsey researchers continued. “Specialized companies will continue to play a role in IoT and cybersecurity operations because of their differing functionality, their heterogenous operating systems and the lack of standard interfaces and criteria across regions, industries and requirements.” Getting Connected Things haven’t been all that much easier when it comes to managing connectivity. IoT deployments tend to require a bundle of connection technologies (LTE, wired, satellite, low-power wide-area (LPWA) networks, etc.) in addition to a few emerging standards. Among providers of managed IoT connectivity, for example, connections reported in Gartner’s most recent Magic Quadrant report on the subject showed 101 percent year-over-year growth in 3GPP LPWAN, moving to 20.5 million from 10.2 million and representing almost 12 percent of the overall net growth of all vendors. “Enterprises see 3GPP LPWA networks with LTE-M and NB-IoT as the right alternative to replace existing 2G/3G deployments in countries where these networks are being sunsetted,” said the report. Gartner also has observed several vendors adding private and public LoRaWAN to their portfolios and showing moderate growth, as well as vendors starting to test and integrate LEO satellite capabilities, including 3GPP WAN to satellite as an option for areas with no cellular coverage. The gradual rise of eSIMs replacing branded SIMs, in particular, provides an interesting opportunity for attackers, argue its proponents. Offering the flexibility to switch between networks, eSIMs effectively break “vendor lock-in,” while offering means to reduce some costs and integration headaches. And the major hyperscalers are among those attackers. Meanwhile, Apple’s iPhone 14 already has an eSIM with a satellite overlay, allowing emergency texts via satellite, point out executives at IoT connectivity provider Eseye. If nothing else, the primary role that connectivity plays within IoT efforts seems to suggest healthy growth in the demand for managed IoT connectivity as well as private networks. Despite any nascency that remains within the larger IoT market, it’s certainly not dampening the enthusiasm among IoT buyers and potential adopters. Several surveys suggest satisfaction and intent is high, and most experts predict healthy growth for the category. Quite simply, it’s hard to envision a picture of the future that does not include a myriad of connected devices that collect mountains of data, control environments and processes based on that data and seamlessly communicate with personal devices. And when considering the complexities to pull this off, it’s not surprising that a team of integrators, trusted advisors and third-party providers will be enlisted to bring this future to fruition. Indeed, “this won’t be a winnertakes-all market environment,” McKinsey IoT experts conclude. “To maximize the opportunity for the IoT to play an increased role in many aspects of people’s lives, numerous players will have to work together to reduce risk, and numerous players will be in a position to reap the rewards.” o MOBILE & WIRELESS orecast Source: 451 Research; S&P Global Market Intelligence Source: 451 Research; S&P Global Market Intelligence IoT Sentiments, % of Respondents US$43 billion Growth: -7.1% US$45 billion Growth: -2.6% US$79 billion Growth: 11.1% US$324 billion Growth: -2.8% US$417 billion Growth: -0.1% US$833 billion Growth: 5.5% US$1,423 billion Growth: 0.9% US$1,506 billion Growth: -7.1% 0 2031 2032 67.83 build our own applications 25% Source: IDC Worldwide IoT Spending Guide, 2023 forecast Top IoT Industries Based on Market Share 37.9% 9.4% 10.0% 21.2% 13.3% 8.1% Discrete Manufacturing Retail Others Process Manufacturing Professional Services Utilities Providers Buyers Providers Buyers Providers Buyers 31 61 47 61 81 42 34 4 45 9 38 1 57 12 Importance of digital trust in loT systems Importance of privacy in loT systems Siloed loT cybersecurity decision making leads to delayed loT adoption. % of respondents agreeing Critical Important Not considered Critical Important Not considered 38 CHANNELVISION | SEPTEMBER - OCTOBER 2023
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