Asia Pacific IoT Security Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Asia Pacific IoT Security Market Growth

The Asia Pacific is witnessing a significant surge in cyberattacks relative to other regions worldwide. An IBM report indicates that in 2022, the Asia Pacific was the most targeted area, accounting for 31% of global cyberattacks. Furthermore, a survey conducted by Cloudflare in July 2023, which included over 4,000 cybersecurity professionals from countries such as Australia, China, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam, among others, revealed that 78% of respondents had encountered at least one cybersecurity incident within the past year.

The proliferation of Internet of things (IoT) devices has transformed the way people interact with technology, leading to increased connectivity and convenience in daily lives. As more devices become interconnected, the potential attack surface for cybercriminals expands, making it easier for them to exploit vulnerabilities in IoT networks.

In the BFSI sector, the security of Internet of Things IoT devices is essential for protecting the expanding network of interconnected devices and safeguarding sensitive financial information and operations. Over 40 of the largest 100 banks globally, ranked by assets, are located in Asia, representing nearly 50% of the market capitalisation of these top banks. Additionally, for the past decade, Asia has maintained its position as the largest regional banking market worldwide. As IoT devices become increasingly integrated into financial processes, including ATMs, mobile payment systems, and contactless payment solutions, the importance of IoT security escalates to defend these transactions against fraud, data breaches, and cyber threats is increasing. Implementing secure encryption, robust authentication, and continuous monitoring is crucial to maintaining the integrity of financial transactions.

Key Trends and Developments

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Asia Pacific IoT Security Market Trends

The rapid proliferation of interconnected devices across various sectors, including BFSI, government, manufacturing, healthcare, and transportation, is significantly driving the demand for robust security measures. As these sectors increasingly rely on the Internet of things (IoT) and smart technologies to enhance efficiency, streamline operations, and improve service delivery, the volume of sensitive information being transmitted and processed has surged, consequently driving the demand for IoT security solutions.

Asia Pacific IoT Security Industry Segmentation

Market Breakup by Country:

• China
• Japan
• India
• ASEAN
• Australia

Asia Pacific IoT Security Market Share

Based on the deployment mode, the market is segmented into on-premises and cloud. The cloud segment is projected to grow at a CAGR of 29.2% during the forecast period of 2025-2034. Security for cloud IoT encompasses the protection of Internet of things devices and their associated data within cloud environments. As IoT devices become increasingly integrated with cloud computing, it is essential to implement strong security protocols to defend against a range of potential threats and vulnerabilities.

Leading Companies in the Asia Pacific IoT Security Market

Major players are focusing on the adoption of artificial intelligence and machine learning to gain a competitive edge in the market.

• IBM Corporation
• Cisco Systems Inc.
• Broadcom Inc.
• Intel Corp.
• HP Inc.
• Trend Micro Inc.
• AT&T Inc.
• Infineon Technologies AG
• Palo Alto Networks Inc.
• Thales S.A. (Gemalto)
• Sophos Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.