United States IoT Security Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2025-2034)

United States IoT Security Market Growth

The financial market in the United States represents the largest and most liquid markets globally. In 2019, the nation exported financial services and insurance amounting to $151.9 billion, resulting in a surplus of $60 billion in this sector. By the conclusion of 2019, the U.S. banking system boasted assets totalling $18.6 trillion and a net income of $235.9 billion. The security of the Internet of things (IoT) is crucial in the financial sector as it protects payment systems, secures customer information, prevents fraudulent activities, and ensures the safe functioning of interconnected devices and infrastructure.

In 2022, the United States experienced the second-highest rate of victims per million internet users. In 2021, one in two internet users in North America experienced account breaches. Additionally, 89.7% of organisations in the United States faced at least one cybercrime incident in 2021. IoT cybersecurity is crucial for organisations and individuals as it is vital for safeguarding the increasing array of connected devices against cyber threats, including data breaches, ransomware, identity theft, and DDoS attacks. By facilitating secure communication, robust authentication, and effective data encryption, cybersecurity solutions play a crucial role in protecting IoT ecosystems across various sectors, thereby thwarting cybercriminals from taking advantage of vulnerabilities within these networks.

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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.

Key Trends and Developments

United States IoT Security Market Trends

The rise in cyberattacks, particularly in the form of ransomware incidents, data breaches, and botnet assaults, targeting the Internet of things (IoT) devices has significantly heightened awareness among both businesses and consumers about the critical need for robust security protocols. This growing concern stems from the increasing frequency and sophistication of these attacks, which not only threaten the integrity of sensitive information but also jeopardise the overall functionality of systems that individuals and organisations rely on daily.

By prioritising cybersecurity measures, organisations can better protect their sensitive information and systems, while consumers can make informed choices about the devices they use and the data they share. This shift towards a more security-conscious mindset is essential in navigating the complexities of the digital age and safeguarding against the ever-evolving tactics of cybercriminals.

United States IoT Security Industry Segmentation

Market Breakup by Region:

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

United States IoT Security Market Share

Based on the organisation size, the market is segmented into large enterprises and small and medium enterprise (SMEs). Small and medium enterprises (SMEs) are projected to grow at a CAGR of 26.2% during the forecast period of 2025-2034. The security of Internet of Things (IoT) systems is essential for small and medium-sized enterprises to safeguard sensitive information, avert financial losses, ensure the continuity of operations, and uphold a positive reputation.

Leading Companies in the United States IoT Security Market

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

• 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.