PUBLISHER: KBV Research | PRODUCT CODE: 1709587
PUBLISHER: KBV Research | PRODUCT CODE: 1709587
The Europe IoT Security Market would witness market growth of 24.8% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe IoT Security Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $9,333.7 million by 2032. The UK market is experiencing a CAGR of 23.7% during (2025 - 2032). Additionally, The France market would exhibit a CAGR of 25.8% during (2025 - 2032).
The demand for sophisticated IoT security solutions that surpass conventional cybersecurity measures has increased as a result of the increasing awareness of these risks. IoT security encompasses many protective mechanisms, including device authentication, secure communication protocols, data encryption, firmware updates, access control, and threat detection systems. Unlike conventional IT security, which typically secures devices like computers, servers, and mobile phones, IoT security must account for a broader diversity of endpoints-many of which were never originally designed with security in mind. Furthermore, IoT devices often operate in distributed environments, making centralized management and real-time monitoring more complex. This has driven innovation in the market, with cybersecurity vendors developing purpose-built solutions that can secure the unique attributes of IoT systems.
In parallel, the enterprise segment of the IoT security market is experiencing substantial growth, particularly with the rise of Industry 4.0. IoT enables predictive maintenance, process automation, remote diagnostics, and supply chain optimization in manufacturing, logistics, and industrial operations. While these capabilities improve efficiency and reduce costs, they also introduce new security challenges. The convergence of IT (Information Technology) and OT (Operational Technology) creates complex environments where traditional firewalls and antivirus tools are insufficient. Industrial control systems, programmable logic controllers, and SCADA networks often require customized security protocols that ensure safety and uptime. Cyberattacks targeting critical infrastructure-such as power grids, water treatment plants, and transportation systems-have demonstrated the catastrophic potential of unsecured IoT environments, reinforcing the need for specialized security solutions tailored to industrial contexts.
France is witnessing similar growth in its IoT security market, driven by the rapid expansion of its domestic and cross-border e-commerce landscape. With French e-commerce revenue reaching €146.9 billion in 2022, according to France Num, logistics companies increasingly rely on IoT-enabled tracking systems and automated warehousing solutions. As the intricacy of these interconnected systems increases, it is imperative to implement IoT security solutions to safeguard sensitive data, prevent unauthorized access, and guarantee the integrity of real-time operations.
The emergence of cross-border e-commerce has further solidified France's position as a critical participant in global trade, underscoring the pressing necessity for robust IoT security to protect logistics networks and preserve efficiency and competitiveness in the rapidly changing digital commerce landscape. Thus, as consumers, governments, and industries alike recognize the growing cyber risks tied to billions of connected devices, the European market is seeing a convergence of regulatory compliance, public awareness, and technological innovation. All of this is further fueling sustained demand and market growth.
Based on Component, the market is segmented into Solutions, and Services. Based on Security Type, the market is segmented into Network Security, Cloud Security, Endpoint Security, Application Security, and Other Security Type. Based on End-use, the market is segmented into Energy & Utilities, Manufacturing, Automotive, Healthcare, Transport, Consumer Electronics, and Other End-use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe IoT Security Market Report Segmentation
By Component
By Security Type
By End-use
By Country