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

Europe IoT Security Market Growth

In 2021, a total of 474 million individuals in Europe, representing 86% of the population, were utilising mobile services, with projections indicating an increase to 480 million by 2025. Reportedly, the average adoption rate of 5G technology across Europe is anticipated to reach 44% by 2025. The United Kingdom and Germany are expected to lead in 5G adoption rates, with estimates of 61% and 59%, respectively.

The deployment of 5G technology throughout Europe is promoting the expansion of IoT ecosystems by providing quicker and more dependable connections. However, this advancement also broadens the potential attack surface, highlighting the need for strong IoT security measures to safeguard emerging networks and interconnected devices.

The adoption of IoT security systems in e-government plays a crucial role in safeguarding sensitive information, ensuring the uninterrupted delivery of public services, thwarting cyber threats to critical infrastructure, preserving public trust, and adhering to data protection laws. In 2022, 42% of individuals in the European Union who accessed the internet in the preceding year utilised it to gather information from the websites of public authorities. This percentage exhibits considerable variation among EU member states. In 13 of these countries, more than 50% of the population accessed such websites for information, with Finland (79%), Denmark (74%), and the Netherlands (73%) at the forefront. Consequently, implementing robust IoT security protocols significantly bolsters the resilience and dependability of e-government initiatives.

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.

Europe IoT Security Market Trends

The rapid proliferation of interconnected devices across various sectors 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.

Additionally, the rapid advancement of digital transformation in multiple sectors is driving the widespread use of IoT devices in various operations. This digital shift requires enhanced security measures to protect these devices, maintain data privacy, and comply with regulatory standards.

Europe IoT Security Industry Segmentation

Market Breakup by Country:

• United Kingdom
• Germany
• France
• Italy
• Others

Europe IoT Security Market Share

Based on the organisation size, the market is segmented into large enterprises and small and medium enterprise (SMEs). The small and medium enterprise segment is projected to grow at a CAGR of 24.8% during the forecast period of 2025-2034. The security of Internet of Things (IoT) devices is of paramount importance for small and medium enterprises (SMEs), as these organisations frequently manage sensitive information such as customer data, financial records, and proprietary business information.

Leading Companies in the Europe IoT Security Market

Major players are focusing on the adoption of technological advancements to gain a competitive edge in the market.

• IBM Corporation
• Cisco Systems Inc.
• Broadcom Inc.
• Intel Corp.
• HP Inc.
• Fortinet 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.