The Business Research Company's report on the IoT Security Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the iot security market?
The rising smart cities is expected to propel the growth of IoT security market . As the population is growing, the need for sustainable development is of more important. Smart cities are well equipped with handling high traffic, population control, and better security for people. The execution for such a task can be done by installing IoT Devices in the smart cities. This involves connecting devices to one another, exchange data in a secured manner, forming a pattern and then providing a final solution. The remotely connected CCTV and automated incident detection (the use of computers to continuously monitor traffic conditions and detect incidents or traffic queues) allow a quicker response to threats. IoT led crowd management solutions help monitor and manage crowds of people across all sorts of gatherings. Smart street lighting helps to lower crime rates and improve driving conditions. This rising demand for security in the smart cities increases investment in the IoT Security Market. For instance, in June 2022, according to the SmartAmerica Challenge, an initiative launched by National Institute of Standards and Technology (NIST), a US-based government agency published that the city governments will fund $41 trillion over the next 20 years to upgrade their infrastructure including smart city projects. Therefore rising smart cities are driving the growth of IoT security market .
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IoT Security Market Report 2025
How has the iot security market size evolved, and what are the latest forecasts for its expansion?
The IoT security market size has grown exponentially in recent years. It will grow from $8.7 billion in 2024 to $11.36 billion in 2025 at a compound annual growth rate (CAGR) of 30.6%. The growth in the historic period can be attributed to increasing cybersecurity threats, proliferation of IoT devices, regulatory compliance requirements, high-profile security breaches, integration with existing it infrastructure.
The IoT security market size is expected to see exponential growth in the next few years. It will grow to $35.99 billion in 2029 at a compound annual growth rate (CAGR) of 33.4%. The growth in the forecast period can be attributed to IoT expansion in critical infrastructure, growing complexity of IoT ecosystems, emphasis on zero trust security models, privacy concerns and data protection, shift to cloud-based IoT security. Major trends in the forecast period include supply chain security concerns, incident response planning, integration of security into development lifecycle, quantum-safe security solutions, collaborative security ecosystems.
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IoT Security Market Report 2025
Which major companies dominate the iot security market?
Major companies operating in the IoT security market include AT&T Inc., Huawei Technologies Co. Ltd., Siemens AG, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Verizon Enterprises Solutions LLC, HP Enterprise Company LLC, Infineon Technologies AG, Fortinet Inc., Gemalto NV, ARM Holdings plc, Check Point Software Technologies Ltd., PTC Inc., Forgerock Inc., Trustwave Holdings Inc., NSIDE Secure Inc., Allot Communications Ltd., Armis Inc., Sophos Group plc, Broadcom Inc., Wurldtech Security Inc., Centri Security Inc., SecuriThings, Mocana Corporation, Newsky Security Inc., NETCOM On-Line Communication Services Inc., Palo Alto Networks Inc., Rapid7 Inc., SimpliSafe Inc., Cradlepoint Inc., SonicWall Inc., Medigate Corporation, CyberMDX Healthcare Cybersecurity, Entrust Datacard Corporation, Microsoft Corporation, Amazon Web Services, Google LLC, Ericsson AB, Thales Group, Atos SE
What trends will shape the future of the iot professional services market?
Major companies operating in the IoT security market are focused on introducing advanced solutions, such as Cyber security platform, to gain a competitive edge in the market. Cyber security platforms are centralized solution designed to integrate security visibility, analysis, and controls across various security layers and data sources, enhancing protection, scalability, and performance. For instance, in May 2023, Trend Micro Inc., a US-based IT security company, launched Trend Vision One. Trend Micro One is a unified cybersecurity platform designed to help organizations prepare for, withstand, and rapidly recover from threats with a more empowered security team. Trend Vision One platform does support Internet of Things (IoT) security. The platform is designed to provide comprehensive protection across various domains, including operational technology (OT), which encompasses IoT devices. Trend Vision One supports hybrid environments, ensuring robust security across endpoints, servers, cloud services, and networks. The platform offers an extensive set of native security sensors that provide comprehensive protection against a wide range of threats.
Which region dominates the iot security market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the Internet of Things IoT security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global IoT security market share report during the forecast period. The regions covered in the IoT security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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IoT Security Market Report 2025
How is the iot security market segmented, and which segment holds the largest share?
The IoT security market covered in this report is segmented –
1) By Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Types
2) By Component: Solution, Services
3) By Application: Healthcare And Life Sciences, Infrastructure And Cities, Industrial System And Sensors, Smart Home And Consumer, Transport And Urban Mobility
Subsegments:
1) By Network Security: Firewalls, Intrusion Detection And Prevention Systems (IDPS), Virtual Private Networks (VPNs), Network Encryption
2) By Endpoint Security: Anti-Malware Solutions, Device Authentication And Access Control, Endpoint Detection And Response (EDR)
3) By Application Security: Application Testing (Static And Dynamic), Runtime Application Self-Protection (RASP), Secure Application Development
4) By Cloud Security: Cloud Access Security Brokers (CASB), Cloud Data Encryption, Identity And Access Management (IAM) For Cloud
5) By Other Types: Identity Management And Authentication, Data Privacy And Protection Solutions, Security Analytics And Threat Intelligence
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IoT Security Market Report 2025
How is the iot security market defined?
Internet of Things (IoT) security refers to the safeguards and protections provided for cloud-connected devices such as home automation, SCADA machines, security cameras, and any other technology that connects directly to the cloud.
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