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Internet of Things News Monday, July 16

IoT Cybersecurity Spending Projected To Hit $6 Billion

  • Spending on Internet of Things security will reach $6 billion by 2023, according to a new forecast from Juniper Research.
  • North America is projected to lead global cybersecurity spending over the next five years and 5% of total cybersecurity spending across all businesses is expected to be devoted to IoT project security by 2023.
  • Annual IoT security spending is projected to rise 30% while growth in Internet of Things connections grows at 25% annually.
  • Growing business risk and regulatory minimum standards are seen as the key drivers for cybersecurity spending.
  • Smart home IoT security spending is projected to be less than 17% of the consumer market in 2023.

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IoT Cybersecurity Spending Projected To Hit $6 Billion

China urged to develop software to support industrial IoT, seek cooperation – Global Times

  • China’s manufacturing faces challenges due to the lack of core software to support the industrial Internet of Things (IoT) and it should make efforts to reduce dependence on foreign software developers amid China-US trade friction, industry insiders said.
  • Faced with growing Sino-US trade tensions, Chinese information technology (IT) companies are being urged to develop basic and core software systems.
  • As we’ve been relying on foreign suppliers such as Siemens and Dassault for many years in industrial software, domestic companies lag in core technologies for smart manufacturing, said Justin Ju, senior vice president of ChinaSoft International.
  • Like foreign conglomerates such as GE and Siemens that have been undertaking merger and acquisition (M&A) deals with software companies, Chinese companies could also seek technology cooperation with foreign software developers, Ju noted.
  • China is mainly looking at the use of big data and the integration of the IoT into production lines, so there is scope for foreign companies to participate in this blueprint in terms of providing core industrial software, Wang Jianmin, dean of the school of software of Tsinghua University, who…

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China urged to develop software to support industrial IoT, seek cooperation – Global Times

The Tweeted Times – personal newspaper generated from your Twitter account

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The Tweeted Times – personal newspaper generated from your Twitter account

Arabian Oil And Gas

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Arabian Oil And Gas | ArabianOilandGas.com

Ripple Executives Host Ask Me Anything (AMA) About XRP Crypto Coin – All The Internet Of Things

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Ripple Executives Host Ask Me Anything (AMA) About XRP Crypto Coin – All The Internet Of Things

Thursday News: Blockchain, IoT, AI, ML, Python, Neural Networks, NLP

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Thursday News: Blockchain, IoT, AI, ML, Python, Neural Networks, NLP

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Telegram: Contact @zetochain

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Telegram: Contact @zetochain

Daily News From Charles Hall

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Daily News From Charles Hall

NodeXL Graph Gallery: Graph Details

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NodeXL Graph Gallery: Graph Details