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

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The global IoT security market is experiencing significant growth as security professionals increasingly focus on protecting IoT devices and networks. With the rise in threat attacks, including phishing campaigns targeting IoT systems, the market's demand for robust security solutions has surged. Vulnerabilities in IoT networks expose critical systems to attacks, particularly phishing, which remains a primary concern. In October 2023, Vodafone Idea’s enterprise arm, Vi Business, partnered with C-DOT to launch the IoT lab-as-a-service. The Vi C-DOT IoT lab is designed to test over 175 scenarios, covering network, functional, field, application, compatibility, and oneM2M standard testing. The increase in security measures, combined with heightened awareness of IoT-related risks, has contributed to the overall market growth. As cyber threats evolve, securing IoT devices against phishing attack and other vulnerabilities becomes crucial for businesses worldwide.

Coronavirus Pandemic to Encourage Businesses to Embrace Stronger Security Solutions

The IoT security market is growing rapidly as businesses face increasing security attacks targeting their IoT networks. Security attacks such as malware, ransomware, and phishing are on the rise, threatening the integrity of connected networks and communication networks. These attacks exploit vulnerabilities within IoT devices, causing substantial damage to enterprises. To counter these threats, companies are investing heavily in security solutions to safeguard their networks and devices. With the ever-expanding adoption of IoT, ensuring robust security has become critical for businesses to protect against evolving threats. As cyber-attacks become more sophisticated, security solutions that can detect and mitigate risks across IoT networks are essential to ensure continued growth in the IoT security market.

Latest Trends

Growing adoption of blockchain technology is a leading trend in the industry

The IoT security market is seeing a rise in the use of blockchain to secure connected devices and IoT networks. Blockchain is being integrated into advanced security solutions to protect against cyberthreats, ensuring data integrity and confidentiality. With the increasing number of IoT devices and networks, this technology helps to mitigate vulnerabilities, making it essential for securing communication across connected devices and enhancing the overall safety of IoT networks.

The IoT security market is rapidly evolving, driven by advances in blockchain technology and sensor-embedded chips. Blockchain is increasingly integrated for enhanced security across IoT systems, providing decentralised, secure data management. With the rise of Autonomous Decentralized Peer to Peer Telemetry (ADEPT), IoT networks are becoming more resilient. The distributed IoT network approach is also gaining traction, ensuring robust security in the global market.

AI-Powered Security Set to Transform the IoT Landscape

The IoT security market is evolving rapidly, driven by advancements in machine learning and artificial intelligence. Machine learning enhances security by predicting and preventing potential threats, while artificial intelligence helps in automating security processes. As IoT applications proliferate, automation plays a vital role in securing interconnected devices, ensuring robust protection against emerging cyber threats, and enhancing overall system resilience.

The IoT security market is experiencing significant growth, with security becoming a top priority as IoT devices continue to expand. Data security and intelligence-driven security solutions are crucial for safeguarding the growing number of connected devices. Artificial intelligence is playing a pivotal role in enhancing security measures by detecting and responding to threats in real-time. Smart homes and connected networks require advanced security solutions to prevent breaches and ensure user safety. Enhanced security protocols are needed to address vulnerabilities in these systems, making robust security frameworks essential for the future of IoT technology across various industries and consumer applications.

Driving Factors

Rising IoT Deployments Set to Increase Market Size

The IoT security market is being driven by the rapid growth of IoT devices and IoT connections, which are expanding across various sectors. As more devices become interconnected, the need for robust IoT security solutions has become paramount to protect against potential threats. Digital transformation is accelerating this trend, as businesses and consumers adopt more IoT technologies. However, the rise in IoT devices also increases the risk of cyberattacks, with hackers targeting vulnerable networks and devices. IoT security solutions are essential for safeguarding these devices, preventing hacks, and ensuring the integrity of networks. As the IoT ecosystem continues to grow, the demand for comprehensive security solutions will remain high.

Rising Malware Attacks to Drive Market Growth

The IoT security market is being driven by the increasing number of IoT devices, which are becoming prime targets for malware attacks and cyberattacks. Malware attacks, including Distributed Denial of Service (DDoS) attacks, are on the rise, exploiting vulnerabilities in IoT networks. Hackers are constantly seeking ways to breach these devices, putting critical systems at risk. As a result, the demand for advanced security solutions, particularly in the context of network security, is growing. To protect IoT devices and networks from these persistent threats, businesses and consumers are investing in robust security measures to prevent and mitigate the impact of these malware attacks, ensuring greater resilience.

Restraining Factors

Inability to Effectively Manage Device Updates May Hinder Market Growth

A key restraining factor in the IoT security market is the failure to manage device updates effectively. Delays in applying security patches and updates leave connected networks vulnerable to cyber threats. As IoT deployments grow, ensuring timely updates across numerous devices becomes increasingly difficult. Without regular updates, security risks escalate, hindering the effectiveness of security measures and limiting the market's overall growth potential.

A significant restraining factor in the market is the lack of security by design in IoT networks. Many devices and cloud-based IoT apps are not built with robust security measures, leaving them vulnerable to cyber threats. The absence of security from the outset makes IoT networks more prone to attacks, compromising the overall security of devices and the connected ecosystem, ultimately hindering the market's growth and development.

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Segmentation

By Component Analysis

IoT Security Solutions Set to See Growth Throughout the Forecast Period

The IoT security market component analysis highlights the growing importance of security solutions in defending against emerging threats. IoT security, particularly in the context of IoT Threat Defense and IoT security services, is crucial for protecting devices and networks. Security solutions are designed to safeguard IoT networks from malware and ransomware attacks, ensuring the integrity of connected systems. As cyber threats evolve, robust IoT security strategies will become essential for mitigating risks and enhancing the overall security posture of IoT infrastructures. These solutions will continue to gain prominence as the market grows.

By Solution Analysis

Identity and Access Management (IAM) Set to Become the Most Widely Adopted Solution for Security Applications

The IoT security market is witnessing growing adoption of advanced solutions like Identity Access & Management (IAM) for secure access control. Data encryption & tokenization, device management, and security analytics are crucial for protecting IoT networks. Unified Threat Management (UTM), intrusion detection, and prevention systems ensure secure communication and enhanced overall security.

The market is increasingly relying on identity and access management (IAM) to secure IoT devices and networks. Implementing IAM solutions, such as multifactor authentication, strengthens security by ensuring only authorised access. Security analytics and machine learning play pivotal roles in detecting threats and enhancing security solutions. As IoT devices (IDoT) expand, the need for robust identity and access management (IAM) strategies to combat evolving threats becomes more critical, ensuring comprehensive protection across interconnected systems.

The market is experiencing growth due to the increasing demand for robust security solutions. Data encryption & tokenization are essential for protecting sensitive information, while IoT security strategies focus on securing devices and networks. Device management plays a crucial role in ensuring the security of connected systems. Unified Threat Management (UTM) systems, along with intrusion detection and prevention systems, are key in identifying and mitigating threats. Furthermore, secure communications in device management guarantees that data transmitted through IoT networks stays protected from cyber threats, enhancing the overall security framework of IoT infrastructures.

By Services Analysis

Professional Services Expected to Drive Substantial Revenue in the Global Market

In the IoT security market, professional services play a key role in supporting businesses navigating the complex IoT landscape. Managed services, particularly managed security services, are increasingly in demand to ensure continuous protection. These services help organisations manage and secure IoT devices, networks, and data, providing comprehensive security solutions.

By Deployment Analysis

Rising Demand for Real-Time Threat Detection to Propel the Adoption of Cloud-Based Solutions

In the IoT security market, cloud-based solutions are increasingly popular for managing wirelessly connected IoT devices. Security analytics play a crucial role in real-time threat detection, enabling quicker responses to potential threats. While cloud-based solutions are gaining traction, on-premise solutions still provide essential security for certain IoT devices and networks.

By Enterprise Size Analysis

Small and Medium-Sized Enterprises to Focus on IoT Security

In the IoT security market, both small and mid-sized enterprises, along with large enterprises, are increasingly prioritising IoT security to safeguard their operations. As the market share of IoT security solutions expands, these enterprises recognise the importance of securing their communication networks. As cyber threats increase, securing IoT systems is crucial for safeguarding sensitive data, ensuring business continuity, and upholding a robust security framework at all organisational levels, thereby driving the market share of small and mid-sized enterprises.

By Product Type Analysis

Network Security to Hold a Significant Share of the Market

In the IoT security market, network security remains a dominant focus, with a significant emphasis on protecting IoT networks from cyber threats. Alongside network security, application security, endpoint security, cloud security, and web security are essential components of a comprehensive protection strategy. Data security is also a priority, with antivirus/antimalware solutions playing a key role in defending against malware. Network segmentation further enhances network security by isolating critical areas of the network. Together, these solutions contribute to a robust network security framework for IoT infrastructures.

In the IoT security market, endpoint security is crucial for safeguarding end-user devices from emerging threats. As the number of connected devices grows, application security and cloud security are also key in protecting these devices from cyberattacks. With increasing reliance on IoT devices, securing endpoints has become essential to prevent vulnerabilities and ensure the integrity of networks, thus strengthening overall endpoint security across IoT systems.

By Application Analysis

The IoT security market is driven by the growth of smart homes, smart manufacturing, and smart retail, alongside connected logistics and connected healthcare. As the adoption of Industrial IoT (IIoT) increases, the need for robust security solutions becomes vital, particularly in sectors like robotics and wearables. Industry 4.0 further accelerates the demand for secure connected devices, ensuring that IoT systems across various industries remain protected against cyber threats and vulnerabilities.

By End Use Industry Analysis

Manufacturing Industry to Present Promising Market Opportunities

The IoT security market is witnessing growth driven by the expanding consumer IoT sector. In addition to consumer IoT, the industrial segment is also experiencing a rise in demand for robust security solutions. As IoT technology spreads across various industries, securing connected devices in both consumer and industrial sectors becomes increasingly vital to protect against potential cyber threats.

The IoT security market is expanding with the rise of industry 4.0, where IoT security solutions are crucial for protecting smart manufacturing environments. As smart factories and industrial bots become more prevalent, securing these interconnected systems is essential. Robust IoT security solutions ensure the safety of devices and data, preventing cyber threats that could disrupt operations in advanced manufacturing sectors.

Technology solutions such as fleet management solutions and vehicle tracking are gaining traction, alongside traditional IoT security measures. While not strictly IoT security, these innovations are becoming integral in safeguarding connected systems. As more devices are interconnected, ensuring the security of such technology solutions is essential to prevent vulnerabilities in sectors like transportation and logistics.

The IoT security market is growing rapidly as businesses increasingly adopt IoT devices. IoT security solutions are essential for protecting these devices from rising security threats. With the expanding use of IoT devices across various industries, the need for comprehensive security measures is more critical than ever. IoT security solutions help mitigate security threats, ensuring the integrity of connected systems.

The market is seeing growth with the increasing adoption of IoT technologies, particularly in smart grids. As smart grid systems expand, the demand for effective IoT security solutions rises, contributing to a larger market share for IoT security providers.

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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.

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.

Regional Insights

North America is set to lead the global market throughout the forecast period

The global IoT security market is witnessing significant growth rate, driven by increasing concerns over data protection. North America leads the market, with strong adoption of IoT technologies. Asia Pacific is also emerging as a key region, showing rapid growth. The global market for IoT security continues to expand, catering to diverse industries.

The global IoT security market is expanding rapidly due to the increasing reliance on IoT devices and 5G networks. As 5G networks become more prevalent, the need for robust IoT security solutions grows, especially in regions like North America. Advanced security services are in high demand to protect sensitive data and maintain system integrity. North America remains a key player in the internet of things security market, driving innovation and development. The integration of 5G networks introduces new vulnerabilities, necessitating advanced IoT security strategies to ensure safe connectivity and protect against potential cyber threats in both consumer and industrial sectors.

The global IoT security market is experiencing rapid growth as IoT adoption continues to rise globally. Asia Pacific, with its fast-paced digital transformation, is emerging as a major hub for IoT adoption, driving demand for advanced security solutions. As more industries in Asia Pacific embrace IoT, ensuring the security of these devices and networks becomes increasingly crucial. The global IoT security market is set to evolve, offering innovative security solutions to tackle emerging threats and support IoT adoption across various sectors.

The market is rapidly evolving, with a significant focus on consumer IoT security and consumer connected devices security. As the number of connected devices increases, robust security integrated into wireless products is essential to protect against growing cyber threats. Europe, particularly the U.K., is witnessing a surge in IoT adoption, driving the demand for advanced security solutions. With the rising risks in connected environments, the need for strong IoT security measures in both consumer and industrial sectors is more critical than ever to ensure data protection and privacy.

The global IoT security market is poised for significant growth, driven by the expansion of 5G networks and increasing adoption of connected devices. In the Middle East, Africa, and Latin America, the market is seeing rising demand for IoT security solutions as industries across these regions enhance their digital infrastructure. As 5G networks become more widespread, the need for robust IoT security to protect against cyber threats becomes more urgent, accelerating market growth globally and ensuring the safety of connected devices and data.

Key Industry Players

Key players in the market have recognised strategic collaborations and partnerships as a practical business approach

List Of Key Companies Profiled

• Cisco Systems Inc. 
• IBM Corporation 
• Intel Corporation 
• Thales Group (Gemalto) 
• Forgerock 
• Infineon Technologies AG 
• Mocana Corporation
• NortonLifeLock Inc. 
• Allot Ltd. 
• Fortinet, Inc. 
• New Sky Internet Limited 
• Microsoft Corporation
• Optiv Security Inc.
• Palo Alto Networks
• Others

Key Industry Developments

February 2025

Aeris launched the IoT Watchtower, the world’s first fully integrated cellular IoT security solution. It provided enterprises with enhanced IoT visibility, control, and protection against breaches, reducing the impact of security events and ensuring compliance.

February 2025

Ontinue expanded its managed security services to include IoT/OT environments with the launch of ION for IoT Security. This service provides unified IT and OT protection, helping organisations safeguard critical operations against growing cyber threats and offering enhanced visibility through Microsoft Defender for IoT.

January 2025

The White House launched the U.S. Cyber Trust Mark, a voluntary cybersecurity labeling program for connected devices. Managed by the FCC, it helps Americans assess the cybersecurity of products, encouraging manufacturers to create more secure smart devices for consumers.

Global IoT Security Industry Segmentation

IoT Security Market Report Snapshots

IoT Security Market Size

IoT Security Market Trends

IoT Security Market Analysis

IoT Security Companies