Source: Forrester (HT: PTC)

Industrial applications are set to be the core focus for IoT Managed Security Service Providers (MSSPs) with ABI Research forecasting overall market revenues to increase fivefold and top $11 billion in 2021.

ABI Research forecasts that the volume of data captured by IoT-connected devices will grow nearly six-fold over the forecast period and top 2,000 exabytes (2.0 zettabytes­) in 2021.

ABI Research forecasts enterprise wearable shipments will grow from 30 million shipments in 2016 to nearly 147 million in 2021 with wrist-worn wearable shipments projected to triple by 2021 to reach 30 million. Body-worn devices will surge from 20 million to more than 116 million over the same period.