The survey gives a global perspective about the Internet of Things, what security and privacy issues are in play, and what home owners are willing to do to enable it
BANGALORE, INDIA: Fortinet a provider network security, released the results of a global survey that probes home owners about key issues pertaining to the Internet of Things (IoT).
Independently administered throughout 11 countries, the survey titled, "Internet of Things: Connected Home," gives a global perspective about the Internet of Things, what security and privacy issues are in play, and what home owners are willing to do to enable it.
"The battle for the Internet of Things has just begun. According to industry research firm IDC, the IoT market is expected to hit $7.1 trillion by 2020," said Rajesh Maurya, country manger, India and SAARC at Fortinet.
"The ultimate winners of the IoT connected home will come down to those vendors who can provide a balance of security and privacy vis-à-vis price and functionality."
Completed in June 2014, the survey asked 1,801 tech-savvy homeowners, including 750 in the Asia Pacific countries of Australia, China, India, Malaysia and Thailand, questions relating to the Internet of Things as it pertains to the connected home.
These were the top findings:
The Connected Home is a reality - A majority (61 percent) of all respondents believe that the connected home (a home in which household appliances and home electronics are seamlessly connected to the Internet) is "extremely likely" to become a reality in the next five years. China led the world in this category with more than 84 percent affirming support.
In India, 69 percent said that the connected home is extremely likely to happen in the next five years.
Homeowners are concerned about data breaches - A majority of all respondents voiced their concern that a connected appliance could result in a data breach or exposure of sensitive, personal information. Globally, 69 percent said that they were either "extremely concerned" or "somewhat concerned" about this issue.
Eighty-one percent of Indian respondents said that they were "extremely concerned" or "somewhat concerned."
Privacy and trust are concerns - When asked about the privacy of collected data, a majority of global respondents stated, "privacy is important to me, and I do not trust how this type of data may be used." India led the world with this response at 63 percent.
Data privacy is an extremely sensitive issue - Relating to privacy, respondents were also asked how they would feel if a connected home device was secretly or anonymously collecting information about them and sharing it with others. Most (62 percent) answered "completely violated and extremely angry to the point where I would take action." The strongest responses came from South Africa, Malaysia and the United States.
Sixty-three percent of Indians also agreed with this statement.