Report

Encryption Consulting Study on PKI & IoT Trends Survey – 2024

A study on global usage trends on Public Key Infrastructure (PKI) and Internet of Things (IoT) along with their application possibilities.

This survey encompasses diverse perspectives from professionals in the cybersecurity domain across diverse countries, including the United States, Germany, Japan, South Korea, Brazil, France, Hong Kong, and Southeast Asia, among others.

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global trends in Public Key Infrastructure (PKI) and the Internet of Things (IoT).

The report investigates global trends in Public Key Infrastructure (PKI) and the Internet of Things (IoT). In a digital era dominated by connectivity, PKI emerges as a vital solution for securing data amidst the surge in IoT and cloud applications.

The report, based on a worldwide survey, focuses on insights from cybersecurity professionals. Key findings include 79% of respondents perceiving security threats from IoT benefits, with 89% relying on PKI for IoT protection. Budgeting analysis reveals a 45% annual increase in IoT security allocations, but 48% of the budget is at risk of breaches. Cloud security challenges, IoT vulnerabilities, and organizations’ responses are also explored, emphasizing the need for enhanced cybersecurity measures.

The report concludes with a detailed analysis of PKI trends, deployment challenges, and diverse applications, showcasing its critical role in securing digital environments.

analysis of PKI trends

Vulnerabilities in the IoT Landscape

Despite the benefits of IoT devices, critical vulnerabilities are identified, which can cause severe damage if known to violators & hackers.

57%

of organizations struggle with a patchwork of disparate and outdated IoT devices and platforms, hindering centralized control and comprehensive security.

72%

of organizations report concerns about insecure firmware and communication protocols in their IoT devices, leaving them susceptible to malware and botnet attacks.

25%

of organizations admit to unmonitored and unauthorized “shadow IT” devices on their networks, creating blind spots for security teams.

Global spending on IoT security solutions will reach $58.6 billion by 2027, showcasing the growing awareness and market response.

75%

of the respondents strongly believe their IoT infrastructure is not protected satisfactorily.

42%

of security professionals cite a lack of skilled personnel as the biggest challenge in securing their IoT ecosystems.

48%

of respondents reported employing automated certificate revocation lists as the next most popular technique.

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