Oracle has launched the latest version of Java Card, its open application platform that secures some of the world’s most sensitive devices.
The Java Card 3.1 is an extensive update that aims to offer more flexibility in order to meet the special hardware and security requirements of both existing secure chips and emerging IoT technologies. The Java Card 3.1 has features that addresses use cases across markets ranging from telecom and payments to cars and wearables.
There are nearly six billion Java Card-based devices deployed every year. But the software platform, which is known to run security services on smart cards and secure elements, is already a leader in the market since many years. This platform has introduced some new features that make applications more portable across security hardware critical to IoT, which allows new uses for hardware-based security, such as multi-cloud IoT security models, and makes Java Card a suitable solution for billions of IoT devices that require security at the edge of the network.
Security remains a key benchmark for the industry as 2019 begins to develop. Earlier this month BCC Research put together a report which predicted that the IoT security market, valued at £1.31bn, will reach £4bn by 2023 at a CAGR of 25.1%.
The report notes that this growth is being driven by demand for cloud-based enterprise applications, growth in digitalisation and IoT security spending, and the growing demand for security solutions for connected cars and connected healthcare services. According to the report, security management is likely to shift from a centralised to decentralised process as the number of devices multiply.
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