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

Philippines IoT Security Market Growth

The Philippines’ increasing geopolitical tensions with its neighbours have led to a surge in the number of state-sponsored cyberattacks in the country. This comprises of a combination of attacks, including distributed denial-of-service (10%), misinformation and influence campaigns (35%), and computer hacks and data leaks (55%). The primary target of such attacks is the government (80%), along with domestic education institutions (20%). In Q1, FY-2024, cyber espionage activities recorded a year-on-year surge of 325%, indicating the rising threat of action by foreign states. This has exposed significant vulnerabilities in Philippines’ IoT infrastructure and is thus, expected to accelerate the demand for IoT security market in Philippines.

Moreover, Philippines has started to build smart cities and smart homes. By 2030, the Philippines’ digital economy is expected to generate an economic value of USD 5 trillion. Increasing investment into the development of smart cities is expected to raise the demand for smart IoT solutions that promote intelligent transport systems, conserve energy, and reduce travel time. The adoption of smart thermostats and advanced sensors in commercial settings is expected to improve traffic management within the facility, thereby boosting productivity and efficiency. To ensure uninterrupted service delivery to citizens and employees, investments in IoT security solutions is expected to surge significantly, thereby driving market growth.

Key Trends and Developments

Philippines IoT Security Market Trends

Traditional security models have focused on the establishment of a secure perimeter surrounding an organizational network with the presence of on-premises VPNs and firewalls. Once users access this network, they are trusted with access to all the resources. However, zero trust security model doesn’t regard users within the perimeter as reliable and verifies each access request individually to ensure network security within the organisation and reduce data breaches.

Philippines IoT Security Industry Segmentation

Philippines IoT Security Market Share

Based on security, the market is segmented into network security, cloud security, end point security, and application security, among others. Over the forecast period of 2024-32, network security is expected to grow at a CAGR of 30.4% because of increasing risk of cyber threats on confidential business data. The demand for cloud security services is expected to grow at a CAGR of 28.5% in the Philippines, due to the widespread adoption of cloud-based servers in the region.

Leading Companies in the Philippines IoT Security Market

Major players are developing new security methods for safeguarding IoT devices from the threats posed by nefarious users of quantum computers and to gain a larger Philippines IoT security market share.

IBM Corporation

IBM Corporation is an American multinational company which was founded in June 1911. It integrates its expertise with technology to provide infrastructure, software, and consulting services for global clients which seek digital transformation for critical projects.

Cisco Systems Inc.

Cisco Systems Inc. was founded in 1984 and is headquartered in California, United States. It is a software dev...

Sophos Ltd.

Sophos Ltd. was founded in 1985 and is headquartered in Abingdon, Oxfordshire. As per Philippines IoT security...

Infineon Technologies AG

Infineon Technologies AG was founded in April 1999 and is headquartered in Germany. It is engaged in manufactu...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the Philippines IoT security market report are Broadcom Inc., Intel Corp., HP Inc., Trend Micro Inc., AT&T Inc., and Palo Alto Networks Inc., among others.