The dramatic rise in the number of IoT devices are improving our lives by giving us access to tailored services to reduce the complexity and confusion in our rapidly evolving world. Now that we have access to this information, we want to receive better insights faster than ever. This sensitive information needs to be secured though, as it provides insights and access to our lives. At Rambus, we address these important issues by creating products and services that secure the data, such as our CryptoManager platform, and provide better faster access to it so that service providers can, through our SerDes and memory PHYs, continue to improve our lives.
In this Frost & Sullivan analysis, the report describes key requirements in the Internet of Things (IoT) security market and presents details of how Rambus addresses these needs through effective, economical and easy-to-deploy IoT security solutions.
The McKinsey Global Institute predicts the IoT could have an annual economic impact of $3.9 trillion to $11.1 trillion worldwide by 2025. With the IoT installed base expected to increase by about 15 to 20 percent annually through 2020, security is simultaneously both a major opportunity and a challenge for the industry. It is therefore critical for IoT data, devices and infrastructure to be protected by a comprehensive security solution (device-to-cloud) that does not disrupt operations, service reliability or profitability. This is precisely why the Rambus CryptoManager IoT Security Service is designed to secure a number of IoT verticals including smart city infrastructure, smart home devices and Industrial IoT (IIoT) equipment.