Globally, 33 percent of respondents have internet of things (IoT) security concerns regarding attacks on devices in 2019. Generally, 99 percent of respondents have internet of things (IoT) data security concerns that also refer to a lack of skilled personnel and sensitive data protection as their top worries. Internet of things broadly refers to a system of internet-connected devices that collect and transfer data over a network without human-to-computer interaction. As an increasing amount of internet of things devices are deployed, security and key management grow in importance to effectively implement data encryption and identity security on devices used.

This is a dataset containing a country-level breakdown of infected and Exposed IoT devices detected through sinkholes, honeypots and darknets operated by The Shadowserver Foundation and its partners. The data is grouped by IoT related threats. In some cases a vulnerability id is provided as a threat name - this is for cases when an IP was seen attempting to exploit an IoT related vulnerability by a honeypot, but no threat related information was acquired. This dataset was created as part of the EU CEF VARIoT project https://variot.eu

This statistic shows the size of the Internet of Things (IoT) security market worldwide from 2016 to 2025. In 2018, revenue from the IoT sensors market is expected to amount to nearly ** billion U.S. dollars worldwide.

The Internet of Things (IoT) security technology market is set to witness significant growth in the coming years, driven by the increasing number of IoT devices and the need to protect these devices and data from cybersecurity threats. The market size, valued at USD 2547.7 million in 2025, is projected to reach USD 7606.1 million by 2033, exhibiting a CAGR of 19.9% during the forecast period 2025-2033. Factors such as the increasing adoption of IoT devices, rising concerns about data privacy and security, and government regulations promoting IoT security are driving the market growth. The market is segmented based on application, type, and region. By application, the smart manufacturing and connected logistics segments are expected to hold significant market shares due to the increasing demand for automation and data-driven decision-making in these industries. By type, the network and endpoint segments are projected to dominate the market, driven by the need to secure IoT devices and networks from cyber threats. North America is expected to hold a major market share due to the early adoption of IoT technologies and the presence of leading technology companies in the region. The Asia Pacific region is also expected to witness substantial growth due to the increasing demand for IoT devices and the growing number of IoT applications in various industries.

The IoT security market size is projected to grow from USD 20.08 billion in the current year to USD 277.47 billion by 2035, representing a CAGR of 26.96%, during the forecast period till 2035.

This statistic shows the number of Internet of Things (IoT) security units in the European Union (EU) in 2017, 2020 and 2025 (in million). The number of IoT units in the security industry was expected to increase through the years. It was at 40.3 million units in 2017, and it was expected that it would reach 119.3 million units by 2025. Since the security industry relies on a lot of automation of processes, utilizing IoT devices would be a huge step forward.

The IoT security market size surpassed USD 21.23 Billion in 2024. With a projected CAGR of 21.80% from 2025-2034, the global market is expected to reach USD 152.55 Billion by 2034.

North America plays a key role in this growth, driving advancements in IoT security across industries. The IoT security market is rapidly expanding as IoT networks face increasing cyber-attacks. With IoT device traffic growing, the need for robust security management becomes critical to protect sensitive data from unencrypted transmissions. As IoT devices become integral to industries worldwide, securing IoT networks from potential threats has never been more important. The rising IoT threat landscape highlights the necessity for advanced IoT security solutions to safeguard the Internet of Things, ensuring the protection of data across IoT-enabled environments.

Snapshot img

Internet Of Things (IoT) Security Market Size 2025-2029

The internet of things (iot) security market size is valued to increase USD 268.3 billion, at a CAGR of 39% from 2024 to 2029. Technological developments in different platforms will drive the internet of things (iot) security market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
By End-user - Industrial sector segment was valued at USD 12.10 billion in 2023
By Deployment - On-premises segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 1.00 billion
Market Future Opportunities: USD 268.30 billion
CAGR : 39%
APAC: Largest market in 2023

Market Summary

The market encompasses a continually evolving landscape, driven by the increasing adoption of core technologies and applications. IoT security solutions are increasingly essential as businesses and individuals leverage IoT devices to enhance productivity and monitor various aspects of their operations and personal lives. According to a recent study, the global IoT security market is projected to reach a significant market share by 2026, underscoring its growing importance. Core technologies, such as machine learning and artificial intelligence, are revolutionizing IoT security by enabling advanced threat detection and response capabilities. Applications, including industrial automation, healthcare, and smart homes, are also driving market growth.
However, challenges persist, such as the lack of awareness of efficient management of IoT initiatives and investments. Regulations, such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA), are increasingly shaping the market by mandating robust security measures. Technological developments in different platforms, including wearables used to monitor human health and the environment, further expand the market's reach and potential. Despite these opportunities, the evolving nature of the IoT security market necessitates ongoing vigilance and innovation to address emerging threats and ensure the secure integration of IoT devices into our lives and businesses.

What will be the Size of the Internet Of Things (IoT) Security Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Internet Of Things (IoT) Security Market Segmented and what are the key trends of market segmentation?

The internet of things (iot) security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Industrial sector
  Commercial sector
  Consumer sector


Deployment

  On-premises
  Cloud


Type

  Network security
  Endpoint security
  Cloud security
  Application security


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The industrial sector segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth as businesses increasingly adopt connected devices to optimize operations and gain a competitive edge. According to recent studies, the IoT security market is projected to expand by 25% in the upcoming year, with an additional 18% expected in the following year. This growth is driven by the increasing adoption of advanced security solutions, such as intrusion detection systems, network security protocols, and secure communication channels. Penetration testing services and IoT device security are also gaining traction, with authorization policies, data integrity verification, and machine learning security becoming essential components of IoT security strategies. Blockchain security applications, artificial intelligence security, and authentication mechanisms are also being integrated to enhance security and mitigate risks.

Data loss prevention, key management systems, and cryptographic protocols are critical elements of IoT security, with zero trust architecture, secure boot processes, and encryption algorithms being implemented to protect sensitive data. Physical security measures, threat modeling techniques, secure coding practices, and risk assessment methodologies are also being employed to strengthen IoT security. Anomaly detection systems, endpoint security software, behavior analytics security, security audits and compliance, vulnerability assessment tools, firmware security updates, secure remote access, access control lists, and wireless security standards are all integral to the evolving IoT security landscape. With the

IoT Security Platform Market Outlook

The IoT Security Platform market is projected to grow significantly, with a global market size estimated at $2.5 billion in 2023, and is anticipated to reach approximately $15.9 billion by 2032, registering a compound annual growth rate (CAGR) of 22.7% during the forecast period. This impressive growth trajectory is driven by the increasing adoption of IoT devices across various sectors and the corresponding need to secure these interconnected networks from escalating cybersecurity threats. The proliferation of IoT devices has led to a surge in data generation, necessitating robust security frameworks to protect sensitive information and ensure data integrity.

A major growth factor for the IoT Security Platform market is the rapid digital transformation observed in industries such as healthcare, manufacturing, and transportation. As these sectors increasingly integrate IoT technologies to improve operational efficiency and enhance customer experiences, the demand for comprehensive security solutions becomes paramount. The growing concerns over data breaches and the increasing sophistication of cyber-attacks further amplify the need for advanced security platforms. Additionally, regulatory frameworks and compliance requirements are pushing organizations to adopt robust IoT security measures, thereby fueling market expansion. Furthermore, the ongoing advancements in artificial intelligence and machine learning are being leveraged to develop more sophisticated security solutions that can proactively identify and mitigate potential threats.

Another key driver of market growth is the increasing integration of IoT devices in smart city initiatives worldwide. Governments and municipalities are investing heavily in IoT technologies to enhance infrastructure, optimize resource management, and improve public safety. As these smart city projects expand, the necessity for reliable security platforms to safeguard interconnected systems becomes increasingly critical. This growing demand presents significant opportunities for IoT security platform providers to capitalize on the need for comprehensive security solutions that cater to the unique challenges posed by complex urban networks. The emphasis on developing resilient and secure smart city frameworks is expected to drive substantial growth in the IoT Security Platform market over the coming years.

The surge in remote work and telecommuting trends, accelerated by the COVID-19 pandemic, has also contributed to the growth of the IoT Security Platform market. With more employees accessing corporate networks from remote locations, the attack surface has expanded, making it imperative for organizations to implement robust security measures. IoT security platforms are instrumental in securing endpoints and ensuring secure data transmission across distributed networks. This shift in work culture is expected to have a lasting impact on the market, as organizations continue to prioritize security investments to safeguard their digital assets and maintain operational continuity in an increasingly decentralized work environment.

Geographically, the IoT Security Platform market exhibits promising growth across various regions, with North America leading the charge owing to its advanced technological infrastructure and early adoption of IoT technologies. The Asia Pacific region is poised for significant growth, driven by rapid industrialization, increasing adoption of IoT devices, and government initiatives promoting digitalization. Europe is also expected to witness substantial market expansion, supported by stringent regulatory frameworks and the growing emphasis on data privacy and security. Meanwhile, Latin America and the Middle East & Africa regions are gradually emerging as potential markets, propelled by the rising awareness of cybersecurity threats and the increasing deployment of IoT solutions across diverse sectors.

Component Analysis

The IoT Security Platform market is segmented by components into solutions and services, each playing a vital role in ensuring comprehensive security for IoT networks. The solutions segment encompasses a wide range of software and tools designed to secure IoT devices, data, and networks from potential threats. These solutions include identity and access management, data encryption, network security management, and device authentication, among others. As the number of connected devices continues to rise, there is an increasing demand for robust security solutions that can effectively protect against diverse cyber threats. The solutions segment is expected to witness significant growth, driven by th

Introduction

Global Healthcare Internet of Things (IoT) Security Market size is expected to be worth around US$ 3.56 Billion by 2033 from US$ 0.62 Billion in 2023, growing at a CAGR of 19.1% during the forecast period from 2024 to 2033. In 2023, North America led the market, achieving over 46.2% share with a revenue of US$ 0.28 Billion.

This remarkable growth is fueled by the widespread adoption of IoT in healthcare, which demands robust security measures to safeguard sensitive patient information and protect healthcare systems against cyber threats. Increased awareness of cybersecurity risks and compliance requirements, such as HIPAA, are driving demand for advanced security solutions to ensure the safety of IoT devices and patient data. Additionally, advancements in technologies like 5G enhance IoT applications but also require stronger security measures to mitigate increased vulnerabilities.

Despite its rapid expansion, the market faces notable challenges. Budget limitations in healthcare organizations restrict investment in advanced IoT security solutions, with only 3-4% of budgets allocated to IT and security upgrades. The absence of standardized protocols and interoperability among IoT devices further complicates effective security implementation. Moreover, limited awareness and education about IoT security risks among healthcare professionals hinder optimal adoption of security technologies.

Recent market developments underscore the sector's evolving landscape. Leading players, including Microsoft and IBM, are advancing IoT security through strategic initiatives. Microsoft’s acquisition of a medical device security firm and IBM’s launch of healthcare data security solutions highlight the industry’s commitment to addressing cyber threats and driving future innovation.

In conclusion, the Healthcare IoT Security Market is poised for substantial growth, emphasizing the critical need for secure, connected healthcare systems. Sustained investment in technology and educational initiatives will be essential to protect sensitive health data and strengthen the security framework of healthcare IoT systems.

IoT Cybersecurity Market Outlook

The global IoT cybersecurity market size is anticipated to grow significantly from 2023, when it was valued at approximately USD 12 billion, to a projected USD 30 billion by 2032, registering a compound annual growth rate (CAGR) of 11%. This remarkable expansion is primarily driven by the surging adoption of Internet of Things (IoT) devices across various industries, which has necessitated robust cybersecurity measures to protect against rising threats. The growing connectivity of devices increases the exposure to potential cyber attacks, compelling industries to invest heavily in cybersecurity solutions and services tailored specifically for IoT environments. Moreover, regulatory pressures and the increasing sophistication of cyber threats are further propelling the demand for comprehensive IoT cybersecurity solutions.

A critical growth factor for the IoT cybersecurity market is the exponential increase in the deployment of IoT devices across various sectors, including healthcare, manufacturing, and smart homes. With the burgeoning number of connected devices, each serving as a potential entry point for cyber threats, the need for enhanced security measures has become paramount. Companies are recognizing the vulnerabilities associated with IoT ecosystems, and this realization is driving the adoption of sophisticated cybersecurity solutions designed to safeguard data integrity, privacy, and overall network security. Additionally, the integration of IoT technology with critical infrastructure has amplified the focus on security to prevent disruptions that could lead to significant operational and financial losses.

Furthermore, the escalation of cyber attacks targeting IoT networks is prompting organizations to prioritize cybersecurity investments. High-profile incidents involving data breaches and ransomware attacks have underscored the vulnerabilities inherent in IoT systems, highlighting the necessity for robust security frameworks. The market is witnessing a surge in demand for advanced threat detection solutions, which leverage artificial intelligence and machine learning to identify potential threats and respond in real-time. This proactive approach to cybersecurity is gaining traction, as organizations strive to mitigate risks and protect sensitive information from unauthorized access and exploitation.

Another driving force behind the market's growth is the increasing regulatory landscape aimed at ensuring the security of IoT devices. Governments and regulatory bodies worldwide are implementing stringent regulations and standards to safeguard data and privacy. Compliance with these regulations necessitates the adoption of comprehensive cybersecurity solutions, thereby fueling market growth. Moreover, collaboration between public and private sectors is fostering the development of innovative security solutions, as stakeholders work together to address the evolving threat landscape. Such initiatives are further augmenting the market's expansion by creating a conducive environment for the adoption of IoT cybersecurity technologies.

Medical Cyber Security is becoming increasingly crucial as the healthcare sector continues to embrace IoT technologies. With the integration of connected medical devices and systems, there is a heightened risk of cyber threats that could compromise patient data and disrupt critical healthcare services. Ensuring the security of these devices is paramount to protecting patient privacy and maintaining the integrity of healthcare operations. As cyber threats become more sophisticated, healthcare providers are investing in advanced cybersecurity solutions to safeguard their IoT ecosystems. This includes implementing robust security frameworks that address vulnerabilities specific to medical devices and networks. The focus on Medical Cyber Security is also driven by regulatory requirements, which mandate stringent data protection measures to ensure compliance and mitigate the risks associated with data breaches.

Regionally, North America is poised to dominate the IoT cybersecurity market, owing to the presence of a robust IT infrastructure, a high concentration of IoT device manufacturers, and early adoption of advanced technologies. The region's companies are at the forefront of developing innovative cybersecurity solutions, which is driving market growth. Meanwhile, the Asia Pacific region is expected to witness significant growth, driven by the rapid digital transformation and increasing IoT adoption across various sectors, particularly in countrie

Dataset created under the Connecting Europe Facility of the European Union programme, VARIOT project TENtec n. 28263632. Developed by the Intelligent Systems for Industrial Systems group supported by the Department of Education, Language policy and Culture of the Basque Government.

This dataset comprises Xiaomi Mi Home Security Basic Camera 1080P Iot device network traffic and different features under compromised operation mode.

• Device description: 1080p full HD resolution | 130° ultra-wide angle lens | 10m infrared range | night vision scope | zoning classification | intelligent detection | two-way voice communication
• Infection type: Control

The IoT security software market, currently valued at approximately $240 million in 2025, is projected to experience robust growth, driven by the expanding adoption of Internet of Things (IoT) devices across diverse sectors. A compound annual growth rate (CAGR) of 11.3% from 2025 to 2033 indicates significant market expansion, fueled by increasing concerns regarding data breaches and cybersecurity threats within connected ecosystems. Key drivers include the escalating demand for secure device management in building and home automation, the need for robust security in supply chain management to prevent disruptions and data theft, and the growing importance of patient information security in healthcare. Furthermore, the proliferation of cloud-based services and the rise of sophisticated cyberattacks are compelling organizations to invest heavily in robust IoT security solutions. Segmentation within the market reveals strong demand across various application areas, including building and home automation, supply chain management, patient information management, energy and utilities management, and customer information security. Similarly, diverse security types, such as network, endpoint, application, and cloud security, cater to the specific needs of various IoT deployments. Leading vendors like Cisco, Intel, IBM, and others are actively engaged in developing and offering comprehensive IoT security solutions to meet this burgeoning demand. The market's growth trajectory is influenced by several trends, including the increasing adoption of AI and machine learning in threat detection and prevention, the development of advanced encryption techniques, and the growing focus on compliance with data privacy regulations. However, restraining factors include the complexity of securing diverse IoT devices and networks, the high cost of implementation, and the shortage of skilled cybersecurity professionals. Despite these challenges, the market is expected to witness continued expansion throughout the forecast period, fueled by ongoing technological advancements and the growing awareness of the critical need for robust IoT security. Geographical expansion, with North America initially holding a dominant share, will be followed by growth in Asia Pacific and other regions, as IoT adoption gains traction globally. This signifies a considerable opportunity for existing players and new entrants alike to invest in and capitalize on the lucrative IoT security software market.

North America IoT Security Market size was valued at USD 13.8 Billion in 2023 and is projected to reach USD 34.1 Billion by 2031 growing at a CAGR of 12.1% from 2024 to 2031.

Key Market Drivers:

Escalating Cyber Attacks and Data Breaches: According to the FBI's 2023 Internet Crime Report, there were 800,944 cyber-attack complaints in the United States, with losses totaling more than USD 10.3 Billion. Approximately 22% of these events featured IoT-related vulnerabilities, highlighting the crucial need for improved IoT security measures to protect against cyber threats and data breaches.

Growing IoT Device Adoption Across Industries: According to the US Bureau of Labor Statistics, industrial IoT adoption in North American manufacturing increasing by 84% between 2021 and 2023. This spike, with devices per facility increasing from 1,650 to over 3,000, offers new potential security vulnerabilities, necessitating stronger IoT security solutions.

The Industrial IoT (IIoT) security market, valued at $1794 million in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.8% from 2025 to 2033. This expansion is driven by the increasing adoption of IIoT devices across various industries, coupled with rising concerns about cybersecurity threats targeting critical infrastructure and sensitive data. The proliferation of connected devices in manufacturing, energy, healthcare, and transportation sectors creates a larger attack surface, necessitating robust security measures. Key trends shaping the market include the growing demand for advanced threat detection and response solutions, the integration of artificial intelligence (AI) and machine learning (ML) for improved security analytics, and the emergence of edge computing to minimize latency and enhance security at the source. While the market faces restraints such as the complexity of integrating security solutions into existing infrastructure and the skills gap in cybersecurity expertise, the overall growth trajectory remains positive, fueled by stringent regulatory compliance mandates and heightened awareness of the financial and operational risks associated with IIoT vulnerabilities. Major players like Rapid7, SimpliSafe, SonicWall, Palo Alto Networks, Cisco, and others are actively contributing to market growth through innovative product offerings and strategic partnerships. The forecast period (2025-2033) is expected to witness significant market expansion. Factors like increasing government investments in cybersecurity infrastructure and the adoption of Industry 4.0 principles will further boost demand. Market segmentation, while not explicitly provided, can be reasonably inferred to encompass solutions such as network security, endpoint security, cloud security, and data security. Geographic segmentation will likely show strong growth in North America and Europe, followed by the Asia-Pacific region, driven by rapid industrialization and digital transformation initiatives. The historical period (2019-2024) likely reflects a period of growing awareness of IIoT security challenges, laying the foundation for the accelerated growth projected for the forecast period. The competitive landscape is marked by established players alongside emerging startups, fostering innovation and competition in the sector.

The Internet of Things (IoT) Security Market Report is Segmented by Security Type (Network Security, Endpoint/Devices Security, Application Security, and Cloud/Virtual Security), Component (Solutions and Services), End-User Industry (Smart Manufacturing, Connected Healthcare, Automotive and Mobility, Energy and Utilities, and More), Deployment Mode (On-Premise, Cloud/SECaaS, and Hybrid Edge), and Geography.

Healthcare IoT Security Market size was valued at USD 15.8 Billion in 2024 and is projected to reach USD 70.02 Billion by 2032, growing at a CAGR of 23.7% from 2026 to 2032. Healthcare IoT Security Market: Definition/ OverviewHealthcare IoT (Internet of Things) Security is an important and difficult field that focuses on protecting networked medical equipment and healthcare systems from various cyber threats. The widespread use of IoT devices in healthcare has revolutionized patient care by providing remote monitoring, telemedicine, and real-time data analytics. However, this digital revolution presents substantial security problems that must be painstakingly addressed in order to protect patient information preserve the integrity of medical equipment and comply with regulatory regulations.The key application of IoT security in healthcare is to secure patient data and privacy. IoT gadgets such as wearable health monitors, smart implants, and connected medical equipment collect massive volumes of sensitive data. This data includes personal information, medical history, and real-time health measurements which if stolen and can result in serious privacy violations and identity theft. Implementing strong encryption algorithms, secure data transmission technologies, and powerful authentication processes protects patient data from illegal access. End-to-end encryption, secure socket layer (SSL) protocols, and multi-factor authentication (MFA) are used to protect data at all stages of its lifetime from collection to analysis.With the combination of cutting-edge technologies and channels, IoT applications in healthcare can provide a seamless connection and data-sharing experience. These systems can use Wi-Fi, Bluetooth, and AI to improve end-to-end communication between doctors and patients. As a result, tracking and diagnosing health issues becomes more convenient and time efficient. Additionally, IoT-enabled remote monitoring allows for continuous patient observation reducing the need for frequent hospital visits. This integration of technology also supports personalized treatment plans by leveraging real-time data and advanced analytics.

IoT Security Market Outlook

According to our latest research, the global IoT security market size reached USD 22.1 billion in 2024 and is projected to grow at a robust CAGR of 19.2% during the forecast period, reaching approximately USD 87.6 billion by 2033. This remarkable growth is primarily driven by the rapid proliferation of connected devices across industries, increasing incidences of cyber threats, and the urgent need for comprehensive security solutions tailored for the Internet of Things (IoT) ecosystem.

The primary growth factor for the IoT security market is the exponential increase in the adoption of IoT devices across various sectors such as manufacturing, healthcare, energy, and smart homes. With organizations and consumers integrating smart devices into their daily operations and lifestyles, the attack surface for cybercriminals has expanded dramatically. This surge in connected endpoints has created an urgent demand for advanced IoT security solutions that can safeguard sensitive data, ensure device integrity, and maintain operational continuity. Additionally, the evolving regulatory landscape mandating stricter security standards for IoT deployments is compelling organizations to invest heavily in robust security frameworks, further fueling market expansion.

Another significant driver is the growing sophistication and frequency of cyberattacks targeting IoT infrastructure. High-profile breaches, ransomware attacks, and data theft incidents have highlighted the vulnerabilities inherent in IoT systems, particularly in critical sectors like healthcare and manufacturing. This heightened threat environment has accelerated the adoption of multi-layered security solutions that encompass network, endpoint, application, and cloud security. Organizations are increasingly prioritizing proactive threat detection, real-time monitoring, and automated response capabilities to mitigate risks and ensure resilience against evolving cyber threats. The integration of artificial intelligence and machine learning technologies in IoT security solutions is also enhancing threat intelligence and response efficiency.

Furthermore, the ongoing digital transformation initiatives, coupled with the rise of Industry 4.0, are propelling the demand for IoT security. As enterprises embrace automation, smart manufacturing, and connected supply chains, the need to secure complex IoT environments becomes paramount. The convergence of IT and OT (Operational Technology) networks introduces new security challenges, necessitating comprehensive solutions that can address both legacy and modern systems. The increasing investment in smart cities, connected vehicles, and energy grids is also contributing to the marketÂ’s growth trajectory, as public and private sector entities seek to protect critical infrastructure from cyber threats.

As the IoT landscape continues to evolve, the integration of IoT Security Solution for Unified Threat Management (UTM) is becoming increasingly vital. UTM solutions are designed to provide a comprehensive security framework that addresses the diverse threats targeting IoT ecosystems. By consolidating multiple security functions such as firewall, intrusion prevention, and antivirus into a single platform, UTM solutions offer streamlined protection and simplified management. This approach not only enhances security posture but also reduces the complexity and cost associated with managing disparate security tools. As organizations seek to protect their IoT deployments from sophisticated cyber threats, the adoption of UTM solutions is expected to rise, driving further growth in the IoT security market.

From a regional perspective, North America continues to dominate the IoT security market, accounting for the largest revenue share in 2024, followed closely by Europe and Asia Pacific. The regionÂ’s leadership is attributed to the high concentration of IoT device manufacturers, advanced technology adoption, and stringent regulatory frameworks. However, Asia Pacific is expected to witness the fastest growth during the forecast period, driven by rapid urbanization, expanding industrial base, and increasing government initiatives to promote IoT adoption and security. The Middle East & Africa and Latin America are also emerging as significant markets, supported

The North American IoT security market, valued at $9.79 billion in 2025, is projected to experience robust growth, driven by the escalating adoption of Internet of Things (IoT) devices across diverse sectors and the increasing awareness of associated security risks. The compound annual growth rate (CAGR) of 21.97% from 2019 to 2025 indicates a significant upward trajectory, and this momentum is expected to continue throughout the forecast period (2025-2033). Key drivers include the expanding deployment of IoT devices in critical infrastructure (automotive, healthcare, manufacturing, energy) and the growing need for robust security solutions to mitigate vulnerabilities like data breaches, cyberattacks, and operational disruptions. The market's segmentation reflects the diverse nature of security needs: network security and endpoint security solutions, encompassing software and services, are deployed across various end-user industries, with the automotive, healthcare, and BFSI (Banking, Financial Services, and Insurance) sectors showing particularly strong demand. The United States, as the largest economy in North America, holds a dominant market share, with Canada contributing significantly to the overall regional growth. The increasing complexity of IoT networks and the emergence of sophisticated threats necessitate advanced security measures, which fuels market expansion. Furthermore, regulatory mandates promoting cybersecurity and data privacy are bolstering the adoption of IoT security solutions. The forecast period (2025-2033) anticipates continuous growth, propelled by several factors. Technological advancements in areas such as AI-powered threat detection and predictive analytics are enhancing security capabilities. The shift towards cloud-based security solutions provides scalability and cost-effectiveness for businesses, further driving market growth. However, the complexities of integrating IoT security across diverse systems and the associated implementation costs present certain restraints. Nevertheless, the substantial financial incentives in protecting critical infrastructure and sensitive data outweigh these challenges, solidifying the long-term prospects for the North American IoT security market. The continuous rise in connected devices and the heightened focus on data privacy will continue to fuel market expansion in the coming years. Recent developments include: January 2023: KORE, a leading provider of Internet of Things (IoT) solutions and worldwide IoT connectivity-as-a-service (CaaS), chose Amazon Web Services (AWS) to streamline the deployment, management, and security of large-scale IoT solutions. KORE has introduced its OmniSIM SAFE solution, powered by AWS IoT Core, to address security challenges associated with Massive IoT and large-scale IoT deployments., February 2022: Check Point Software Technologies Ltd., a global leader in cybersecurity solutions, announced the acquisition of Spectral, a prominent innovator in developer-centric security tools. This strategic move by Check Point expands its cloud offering, Check Point CloudGuard, with a developer-focused security platform, providing a comprehensive suite of cloud application security features, including Infrastructure as Code (IaC) scanning and detection of hardcoded secrets.. Key drivers for this market are: Increasing Number of Data Breaches, Emergence of Smart Cities. Potential restraints include: Increasing Number of Data Breaches, Emergence of Smart Cities. Notable trends are: Increasing Number of Data Breaches is Anticipated to Drive the Market.

The European IoT security market is experiencing robust growth, driven by the increasing adoption of IoT devices across diverse sectors and heightened concerns regarding data breaches and cyberattacks. The market, valued at approximately €[Estimate based on XX Million and assumed exchange rate, e.g., €Y Million] in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 11.85% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the proliferation of connected devices in industries like automotive, healthcare, and manufacturing necessitates robust security solutions to protect sensitive data and maintain operational integrity. Secondly, stringent government regulations regarding data privacy and cybersecurity are compelling organizations to invest heavily in advanced security measures. Thirdly, the emergence of sophisticated cyber threats targeting IoT infrastructure is driving demand for sophisticated solutions like network security, endpoint security, and cloud security. The software segment is expected to dominate the market due to its scalability and cost-effectiveness, while services will experience significant growth driven by the need for managed security services and professional expertise. The United Kingdom, Germany, and France are currently the largest markets within Europe, although other nations are showing significant growth potential, particularly those with burgeoning IoT adoption rates. However, challenges remain. The complexity of IoT ecosystems, often involving a multitude of devices and platforms, poses difficulties for effective security management. Furthermore, the interoperability challenges between different IoT devices and security solutions can hinder the deployment of comprehensive security strategies. Finally, the skills gap in cybersecurity professionals further exacerbates the challenges faced by organizations in effectively securing their IoT infrastructure. Despite these restraints, the long-term outlook for the European IoT security market remains exceptionally positive, driven by ongoing technological advancements, increased awareness of cybersecurity risks, and a growing regulatory landscape that promotes the adoption of robust security practices. The forecast period of 2025-2033 will see significant innovation and consolidation within the market, shaping the competitive landscape and driving further growth. Recent developments include: November 2022 - Sophos Launched Managed Detection and Response (MDR) Service from an endpoint security provider that integrates vendor-agnostic telemetry. MDR is capable of threat detection and response capabilities. MDR offers unprecedented visibility and detection across diverse operating environments., November 2022 - Wipro launches European cyber security consultancy services. Wipro, a technology services and consulting provider has launched a strategic cyber security consulting service in Europe that is intended to give clients a complete solution to cope with security threats. Customers will have access to the whole range of cyber security capabilities offered by the organization, from strategy and execution to managed services, owing to the new offering accessible through Wipro CRS Europe., September 2022 - The European Commission launches a new Cyber Resilience Act to secure IoT devices in Europe. The Act prescribes minimum security standards for connected devices during product development and throughout the product life cycle to increase the security of European IoT software and hardware. In addition to holding manufacturers responsible for ensuring that their products are digitally secure, the Act will provide customers with further information about the security of their gadgets., January 2022- Based on Govt. United Kingdom report, the government of the United Kingdom provides software and technical assistance to Unite Kingdom entrepreneurs to help their growth. From the beginning of January 2022, applications are set to be open for the government's Help to Grow: Digital schemes, which assist smaller businesses in implementing digital technologies in favor of growth. Moreover, the project also provides businesses with discounts of up to £5,000 ( USD 5266.50) on approved Digital Accounting and Customer Relations Management (CRM) software. The government provides a dedicated website for this scheme, which offers free and impartial support and is currently operational to boost businesses' digital skills.. Key drivers for this market are: Increasing Number of Data Breaches, Emergence of Smart Cities. Potential restraints include: Increasing Number of Data Breaches, Emergence of Smart Cities. Notable trends are: Increasing Number of Data Breaches is Expected to Boost the Demand.