The Internet of Things is the concept of connecting devices with the Internet, allowing them to collect and share data that would otherwise be scattered and disorganized in a shared environment. The IoT can facilitate the efficiency and quality of information circulation so it’s widely applied to all kinds of markets including logistics, manufacturing, health care, smart workplaces and smart homes.
Humanity’s accelerating digital transformation and incoming fourth industrial revolution are two of the main forces driving the growth of the IoT market. An increasing amount of businesses want to build smart environments and smart factories. IoT devices will help manage supply chains to optimize production flow and sensors measuring variables such as temperature and humidity to properly diagnose and detect potential anomalies. People also seek to use IoT devices to automate the electronic appliances and control systems in their homes. All these changes bring about considerable growth in the IoT market.
The IoT can be categorized into two main sections – edge devices and cloud services. Edge devices refer to entry points into a network such as routers, computers, webcams, while cloud services are known as online data transition, storage, authentication and other functions in available and accessible pools. The market for edge devices is projected to grow by a CAGR of 21.5% between 2017 to 2025, reaching a value of $80.8 billion USD by 2025. Meanwhile, the market for cloud services is expected to grow by a CAGR of 24.1% and hit $13.6 billion USD by 2025.
Ref: Mordor Intelligence, Allied market research, Cision PR news
Imagine how frightening and dangerous it is if somebody could just listen to your calls, see what you’re browsing on the internet, or even steal your passwords and other sensitive information simply through your internet service provider. With only software protection, there have been countless data breaches on multiple levels from enterprise to government agencies. Evidently, the current state of security for IoT is greatly lacking.
This is why hardware security is the key to comprehensive and effective information privacy and data protection in a time where everyone is exposed in an online network of trillions of interconnected data nodes. PUFsecurity’s PUF-based security functions utilize the inborn physical microvariation to create a unique password. Whether as Unique Identifiers (UIDs) for edge devices or as secure data transmission management through key generation, storage, encryption, and decryption, PUF can perform with excellence without complex supplementary designs. Furthermore, our IP function design boasts low power consumption, easy adoption, cost efficiency, as well as flexibility to fit in various IoT systems. PUFsecurity’s IP function building blocks provide clients with flexible customized solutions and assists them in reconciling security and budgeting.
Most markets require edge devices to conform to FIPS 140-2 Level 2 standards based on basic security demands. In other words, not only do the devices themselves require proper cryptographic modules, but also anti-tampering measures. Usually, edge devices require UID and cryptographic keys built upon their security measures. Through this software and hardware verification, devices protect user information against unauthorized access and tampering while connecting to the internet.