(NOTE: This story was originally posted to CRN.com July 5.)

As IoT Market Grows, Startups Build Their Portfolios

There's profit to be grabbed in the growing Internet of Things market. A new IDC report has forecast that IoT spending will grow 17 percent in 2017, signifying that customers around the world are ready to shell out money for IoT applications.

More startups are realizing this profit potential in the IoT market and are building up their portfolios with new offerings and services. The clear trend in 2017 has been industrial IoT-focused connectivity and security services as the industry begins to realize the vast IoT opportunity in the manufacturing segment.

From IoT security startup Armis, to connected operational technology company CyberX and more, here are 10 of the coolest Internet of Things startups so far in 2017.