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Global IoT Security Market to Grow at a CAGR of 21.80% During 2024-2032, Driven by the Rising Internet Penetration and Cybercrime Activities

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Global IoT Security Market Size, Share, Growth, Forecast: By Component: Solutions, Services; By Deployment Mode: On-Premises, Cloud-Based; By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Others; By Organisation Size; By End User Industry; Regional Analysis; Competitive Landscape; 2024-2032

Competitive Landscape

Microsoft Corporation is a multinational technology company that is engaged in producing various products, such as computer software, consumer electronics, personal computers, and other technology-related services. The company has become one of the world’s largest software manufacturers was founded in 1975 and is headquartered in Washington, United States.

Optiv Security Inc. is a privately owned cyber security solution-providing company. The company specialises in working with organisations to offer them cybersecurity programs and managed security services to avert risks, such as integration and technology solutions. The company has been operating in the field since 2015 and has its headquarters located in Colorado, United States.

Intel Corporation is one of the largest technology companies, based in the United States. It is one of the world’s largest semiconductor chip manufacturing companies in the world and they are the most widely used chips in personal computers. Their speciality lies in various fields, including semiconductor design and manufacturing, artificial intelligence, autonomous driving, and non-volatile memory solutions.

Other market players include Cisco Systems Inc., Palo Alto Networks, Fortinet, Inc., and IBM Corporation, among others.

IoT Security Market Report Snapshots

IoT Security Market Size

IoT Security Market Trends

IoT Security Market Analysis

IoT Security Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Region
7   Opportunities and Challenges in the Market
8   Global IoT Security Market Analysis
   8.1   Key Industry Highlights
   8.2   Global IoT Security Historical Market (2018-2023)
   8.3   Global IoT Security Market Forecast (2024-2032)
   8.4   Global IoT Security Market by Component
       8.4.1   Solutions
           8.4.1.1   Market Share
           8.4.1.2   Historical Trend (2018-2023)
           8.4.1.3   Forecast Trend (2024-2032)
           8.4.1.4   Breakup by Solutions Type
               8.4.1.4.1   Identity Access and Management
               8.4.1.4.2   Data Encryption and Tokenization
               8.4.1.4.3   Device Management
               8.4.1.4.4   Security analytics
               8.4.1.4.5   Unified Threat Management (UTM)
               8.4.1.4.6   Others
       8.4.2   Services
           8.4.2.1   Market Share
           8.4.2.2   Historical Trend (2018-2023)
           8.4.2.3   Forecast Trend (2024-2032)
           8.4.2.4   Breakup by Services Type
               8.4.2.4.1   Professional
               8.4.2.4.2   Managed Security Services
   8.5   Global IoT Security Market by Deployment Mode
       8.5.1   On-Premises
           8.5.1.1   Market Share
           8.5.1.2   Historical Trend (2018-2023)
           8.5.1.3   Forecast Trend (2024-2032)
       8.5.2   Cloud-Based
           8.5.2.1   Market Share
           8.5.2.2   Historical Trend (2018-2023)
           8.5.2.3   Forecast Trend (2024-2032)
   8.6   Global IoT Security Market by Security Type
       8.6.1   Network Security
           8.6.1.1   Market Share
           8.6.1.2   Historical Trend (2018-2023)
           8.6.1.3   Forecast Trend (2024-2032)
       8.6.2   Endpoint Security
           8.6.2.1   Market Share
           8.6.2.2   Historical Trend (2018-2023)
           8.6.2.3   Forecast Trend (2024-2032)
       8.6.3   Application Security
           8.6.3.1   Market Share
           8.6.3.2   Historical Trend (2018-2023)
           8.6.3.3   Forecast Trend (2024-2032)
       8.6.4   Cloud Security
           8.6.4.1   Market Share
           8.6.4.2   Historical Trend (2018-2023)
           8.6.4.3   Forecast Trend (2024-2032)
       8.6.5   Others
   8.7   Global IoT Security Market by Organisation Size
       8.7.1   Small and Medium Sized Enterprises
           8.7.1.1   Market Share
           8.7.1.2   Historical Trend (2018-2023)
           8.7.1.3   Forecast Trend (2024-2032)
       8.7.2   Large Enterprises
           8.7.2.1   Market Share
           8.7.2.2   Historical Trend (2018-2023)
           8.7.2.3   Forecast Trend (2024-2032)
   8.8   Global IoT Security Market by End User Industry
       8.8.1   Manufacturing
           8.8.1.1   Market Share
           8.8.1.2   Historical Trend (2018-2023)
           8.8.1.3   Forecast Trend (2024-2032)
       8.8.2   IT and Telecommunication
           8.8.2.1   Market Share
           8.8.2.2   Historical Trend (2018-2023)
           8.8.2.3   Forecast Trend (2024-2032)
       8.8.3   BFSI
           8.8.3.1   Market Share
           8.8.3.2   Historical Trend (2018-2023)
           8.8.3.3   Forecast Trend (2024-2032)
       8.8.4   Government and Defense
           8.8.4.1   Market Share
           8.8.4.2   Historical Trend (2018-2023)
           8.8.4.3   Forecast Trend (2024-2032)
       8.8.5   Transportation and Automotive
           8.8.5.1   Market Share
           8.8.5.2   Historical Trend (2018-2023)
           8.8.5.3   Forecast Trend (2024-2032)
       8.8.6   Energy and Utilities
           8.8.6.1   Market Share
           8.8.6.2   Historical Trend (2018-2023)
           8.8.6.3   Forecast Trend (2024-2032)
       8.8.7   Healthcare
           8.8.7.1   Market Share
           8.8.7.2   Historical Trend (2018-2023)
           8.8.7.3   Forecast Trend (2024-2032)
       8.8.8   Others
   8.9   Global IoT Security Market by Region
       8.9.1   North America
           8.9.1.1   Market Share
           8.9.1.2   Historical Trend (2018-2023)
           8.9.1.3   Forecast Trend (2024-2032)
       8.9.2   Europe
           8.9.2.1   Market Share
           8.9.2.2   Historical Trend (2018-2023)
           8.9.2.3   Forecast Trend (2024-2032)
       8.9.3   Asia Pacific
           8.9.3.1   Market Share
           8.9.3.2   Historical Trend (2018-2023)
           8.9.3.3   Forecast Trend (2024-2032)
       8.9.4   Latin America
           8.9.4.1   Market Share
           8.9.4.2   Historical Trend (2018-2023)
           8.9.4.3   Forecast Trend (2024-2032)
       8.9.5   Middle East and Africa
           8.9.5.1   Market Share
           8.9.5.2   Historical Trend (2018-2023)
           8.9.5.3   Forecast Trend (2024-2032)
9   North America IoT Security Market Analysis
   9.1   United States of America
       9.1.1   Market Share
       9.1.2   Historical Trend (2018-2023)
       9.1.3   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Market Share
       9.2.2   Historical Trend (2018-2023)
       9.2.3   Forecast Trend (2024-2032)
10   Europe IoT Security Market Analysis
   10.1   United Kingdom
       10.1.1   Market Share
       10.1.2   Historical Trend (2018-2023)
       10.1.3   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Market Share
       10.2.2   Historical Trend (2018-2023)
       10.2.3   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Market Share
       10.3.2   Historical Trend (2018-2023)
       10.3.3   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Market Share
       10.4.2   Historical Trend (2018-2023)
       10.4.3   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific IoT Security Market Analysis
   11.1   China
       11.1.1   Market Share
       11.1.2   Historical Trend (2018-2023)
       11.1.3   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Market Share
       11.2.2   Historical Trend (2018-2023)
       11.2.3   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Market Share
       11.3.2   Historical Trend (2018-2023)
       11.3.3   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Market Share
       11.4.2   Historical Trend (2018-2023)
       11.4.3   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Market Share
       11.5.2   Historical Trend (2018-2023)
       11.5.3   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America IoT Security Market Analysis
   12.1   Brazil
       12.1.1   Market Share
       12.1.2   Historical Trend (2018-2023)
       12.1.3   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Market Share
       12.2.2   Historical Trend (2018-2023)
       12.2.3   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Market Share
       12.3.2   Historical Trend (2018-2023)
       12.3.3   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa IoT Security Market Analysis
   13.1   Saudi Arabia
       13.1.1   Market Share
       13.1.2   Historical Trend (2018-2023)
       13.1.3   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Market Share
       13.2.2   Historical Trend (2018-2023)
       13.2.3   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Market Share
       13.3.2   Historical Trend (2018-2023)
       13.3.3   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Market Share
       13.4.2   Historical Trend (2018-2023)
       13.4.3   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Microsoft Corporation
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Optiv Security Inc.
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Intel Corporation
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Cisco System Inc.
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Palo Alto Networks
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Fortinet, Inc.
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   IBM Corporation
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global IoT Security Market: Key Industry Highlights, 2018 and 2032
2.   Global IoT Security Historical Market: Breakup by Component (USD Billion), 2018-2023
3.   Global IoT Security Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.   Global IoT Security Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
5.   Global IoT Security Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
6.   Global IoT Security Historical Market: Breakup by Security Type (USD Billion), 2018-2023
7.   Global IoT Security Market Forecast: Breakup by Security Type (USD Billion), 2024-2032
8.   Global IoT Security Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
9.   Global IoT Security Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
10.   Global IoT Security Historical Market: Breakup by End-User Industry (USD Billion), 2018-2023
11.   Global IoT Security Market Forecast: Breakup by End-User Industry (USD Billion), 2024-2032
12.   Global IoT Security Historical Market: Breakup by Region (USD Billion), 2018-2023
13.   Global IoT Security Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.   North America IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   North America IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Europe IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Europe IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Asia Pacific IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Asia Pacific IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Latin America IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Latin America IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Middle East and Africa IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
23.   Middle East and Africa IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.   Global IoT Security Market Structure.

Key Questions Answered in the Report

What was the market size of the global IoT security market in 2023?

In 2023, the global market for IoT security reached a size of USD 21.23 billion in 2023.

What will be the global IoT security market growth rate during 2024-2032?

The market is expected to grow at a CAGR of 21.80% during the forecast period of 2024-2032.

What will be the global IoT security market value in 2032?

The market is expected to reach a value of USD 125.27 billion by 2032.

Which major global IoT security market drivers are propelling the market growth?

The market growth is driven by the growing penetration of technology and high-speed network, and as the network expands the demand for IoT security services will surge.

What are the key trends in the global IoT security market?

The growing development of blockchain can provide new development opportunities to the market and the implementation of advanced technologies such as artificial intelligence, and machine learning can significantly improve the market.

What are the major regional markets?

The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

What are the components of IoT security in the market?

The components available in the market include solutions and services.

What are the deployment modes in the market?

The deployment modes in the market include on-premises and cloud-based.

What are the security types for IoT security in the market?

The security types in the market include network security, endpoint security, application security, and cloud security, among others.

What are the sizes of organizations operating in the market?

The different organization sizes operating in the market include small and medium-sized enterprises and large enterprises.

Which end-user industries avail the IoT security services in the market?

The end-user industries that utilise IoT security solutions include manufacturing, IT and telecommunication, BFSI, government and defence, transportation and automotive, healthcare, energy and utilities, among others.

Who are the key global IoT security market players, according to the report?

The key players in the market include Microsoft Corporation, Optiv Security Inc., Intel Corporation, Cisco System Inc., Palo Alto Networks, Fortinet, Inc., and IBM Corporation, among others.

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