The Industrial Internet of Things (IIoT) market is forecast to grow at a CAGR of 21% through 2016 to 2021, to $123.8 billion. Europe will be the region to dominate the market, according to IndustryARC. We currently lack standards and a strong security protocol which set up vulnerabilities in IIoT infrastructures, leaving them exposed to cyberattacks. The technology is not only applicable to smart homes and cities, wearables, connected healthcare or cars; it also creates economic opportunities for industries such as energy, transportation, manufacturing and agriculture.”]

