McKinsey Names BlackBerry a Cybersecurity and IoT Convergence Leader

Convergence raises the World wide web of Factors overall addressable market place by up to 50 percent

WATERLOO, ON, April 17, 2023 /PRNewswire/ — For the World wide web of Items (IoT) to achieve its potential as a completely interconnected ecosystem the convergence of cybersecurity and the IoT is important, according to a new and unbiased report printed by McKinsey, and cybersecurity have to be embedded in the IoT as opposed to currently being a different software class that is bolted-on.  McKinsey states that couple of corporations can converge company IT cybersecurity answers with IoT platforms, and BlackBerry is a business that is very well-positioned to do so.  The complete report from McKinsey can be viewed here.  

BlackBerry now is organized close to the two higher-advancement markets of cybersecurity and the IoT and is a leader in enterprise and embedded protection.  The convergence of cybersecurity and the IoT is aligned with BlackBerry’s capabilities, uniquely positioning the corporation to safe the interconnected IoT and increasing the company’s differentiation technique.  McKinsey has identified that the convergence of cybersecurity and the IoT, interprets to an IoT complete addressable market place (TAM) of up to $750 billion by 2030, which is 50 per cent extra than existing IoT industry forecasts without having convergence. 

“By means of a survey of businesses throughout geographies and industries, McKinsey uncovered that digital have confidence in is ranked as a significant factor of the acquire decision by 61 % of IoT consumers.  BlackBerry’s know-how in providing unmatched protected connectivity remedies, with unwavering person privateness, is why we are trusted close to the globe,” claimed John Chen, Government Chairman & CEO.  “We are delighted that our very long-phrase tactic, aligned with the two important markets of cybersecurity and the IoT, is validated in these market insights from McKinsey.  Our bold thought leadership asserted in 2021 that the convergence of IT and OT is the vital to unlocking the benefit of the IoT and to offering the up coming revolution in how we live and do the job, and the blend of our enterprise and embedded stability portfolios places us in the exclusive position to provide on this industry want.”

The referenced report is published independently by McKinsey and this press release is issued independently by BlackBerry.

About BlackBerry

BlackBerry (NYSE: BB TSX: BB) provides clever stability software package and providers to enterprises and governments about the world.  The firm secures extra than 500M endpoints including in excess of 215M automobiles.  Based in Waterloo, Ontario, the company leverages AI and machine studying to supply progressive solutions in the regions of cybersecurity, safety and knowledge privateness solutions, and is a leader in the regions of endpoint management, endpoint safety, encryption, and embedded methods.  BlackBerry’s eyesight is distinct – to safe a connected future you can trust.

BlackBerry. Clever Security. Almost everywhere. 

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