# IoT Security Solutions for the Safety of Connected Homes Requires Collaboration and Innovation

By Software And Technology · Published 2023-11-28 · Updated 2026-06-22 · Professional AV on MarketScale
Canonical: https://www.marketscale.com/industries/pro-av/iot-security-solutions-for-the-safety-of-connected-homes-requires-collaboration-and-innovation
Creator hub: Amphenol Broadband Solutions

> Securing billions of connected devices requires manufacturers and service providers to unite on industry standards and protective measures

## Key points

- IoT security demands are increasingly growing.
- The global smart home market is predicted to reach $135.3 billion by 2025.
- Collaboration is needed to establish effective security standards.

Block Field

Since the introduction of smart devices, the world has increasingly become dominated by interconnected devices but [IoT security](https://marketscale.com/industries/industrial-iot/biden-iot-security-policy-consumer-smart-devices/) demands are also growing. The "connected home" has shifted from what was once a futuristic concept to reality. With the global smart home market projected to reach [$135.3 billion by 2025](https://www.businesswire.com/news/home/20200724005173/en/135.3-Billion-Worldwide-Smart-Home-Industry-to-2025---Featuring-Schneider-Electric-United-Technologies-Amazon-Among-Others---ResearchAndMarkets.com), the conversation around the security of these systems is also pertinent. As devices proliferate so do the vulnerabilities, which raises privacy and security concerns for consumers, manufacturers, and service providers.

> As devices proliferate so do the vulnerabilities, which raises privacy and security concerns for consumers, manufacturers, and service providers.

How can we secure the myriad of IoT devices within our homes without stifling innovation?

For the second segment of "[Wavelengths](https://marketscale.com/shows/wavelengths/)," an [Amphenol Broadband Solutions](https://www.amphenolbroadband.com/) podcast, is the subject of IoT privacy and security. Host **Daniel Litwin** continues his conversation with [Thomas Pace](https://www.linkedin.com/in/pacethomas), CEO and co-founder of [NetRise](https://www.netrise.io/company), about IoT connected homes to address the pivotal privacy and security challenges they pose. In this second part of their two-part conversation, they explored the networked environments and what proactive steps can be taken to protect them from cyber threats.

Additional key points of their continued discussion included:

- The role of device manufacturers, network providers, and users in IoT security
- The impact of third-party security solutions on the ecosystem of device security
- The delicate balance between necessary regulation and its potential to inhibit competition and innovation in the cybersecurity landscape

### About the Guest

[Thomas Pace](https://www.linkedin.com/in/pacethomas) is the CEO and co-founder of **NetRise**. He is also an Advisor at HiddenLayer and Passage, respectively. Pace has a substantial background in cybersecurity, particularly in IoT and industrial control systems. His experience spans years, from working ICS security at the Department of Energy and a key role at Cylance, where he managed IoT firmware and embedded system engagement. He has a focus on practical solutions and understands securing complex systems against evolving threats.

Tags: Amphenol Broadband Solutions, cybersecurity, Daniel Litwin, IoT, IoT security, MarketScale, NetRise, privacy and security, Smart home, Thomas Pace

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