North America IoT Security Market Outlook Report - Market Size, Share Analysis and Forecast (2025-2034)

North America IoT Security Market Growth

By 2023, North America established itself as a leader in the adoption of 5G technology, with connections in the area accounting for 29% of all connections across the region. Remarkably, the region witnessed an impressive year-over-year increase of 64% in 5G connections, resulting in the addition of 77 million new connections to its network. IoT security plays a crucial role in the 5G network ecosystem due to the increased scale, speed, and complexity of connectivity that 5G enables. As 5G networks drive the proliferation of IoT devices, ensuring robust security becomes essential to protect against evolving cyber threats.

From July 2020 to June 2021, the United States emerged as the primary target for cyberattacks, representing 46% of the global total. In 2022, individual losses attributed to cybercrime in the US exceeded $10.2 billion. Additionally, ransomware poses a significant security risk for businesses, with 60% of organisations in the US experiencing successful attacks that resulted in data encryption.

The increasing complexity and prevalence of these cyber threats are driving a heightened sense of urgency among businesses and government entities. In response to this escalating threat environment, various organisations are making substantial investments in Internet of things (IoT) security measures.

Key Trends and Developments

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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.

North America IoT Security Market Trends

North America is experiencing a significant increase in cyberattacks aimed at organisations in multiple sectors, such as healthcare, finance, and education. This rise in cyber threats is leading to a substantial transformation in the strategies organisations employ for cybersecurity, especially in relation to IoT security. The increasing complexity and frequency of these cyber threats are encouraging both businesses and government entities to take proactive measures to enhance their cybersecurity.

To safeguard sensitive information and protect critical infrastructure, organisations are allocating substantial resources towards implementing robust IoT security measures. This includes deploying advanced security protocols, conducting regular vulnerability assessments, and ensuring that all connected devices are properly secured against unauthorised access.

North America IoT Security Industry Segmentation

Market Breakup by Country:

• United States
• Canada

North America 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 26.3% during the forecast period of 2025-2034. The security of cloud IoT presents a complex challenge that necessitates a holistic strategy, integrating technology, processes, and policies to safeguard against continuously evolving threats.

Leading Companies in the North America IoT Security Market

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

• IBM Corporation
• Cisco Systems Inc.
• Broadcom Inc.
• Intel Corp.
• HP Inc.
• Fortinet Inc.
• AT&T Inc.
• Check Point Software Technologies Ltd.
• Palo Alto Networks Inc.
• Trustwave Holdings, Inc.
• 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.