PUBLISHER: KBV Research | PRODUCT CODE: 1709608
PUBLISHER: KBV Research | PRODUCT CODE: 1709608
The Asia Pacific IoT Security Market would witness market growth of 25.8% CAGR during the forecast period (2025-2032).
The China market dominated the Asia Pacific IoT Security Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $14,113.1 million by 2032, growing at a CAGR of 23.8 % during the forecast period. The Japan market registering a CAGR of 25.1% during (2025 - 2032). Additionally, The India market would witness a CAGR of 26.7% during (2025 - 2032).
The emergence of edge computing is pivotal in shaping the IoT security market. In contrast to conventional cloud-based systems, edge computing processes data in close proximity to the point of generation, thereby reducing latency and increasing speed. This is essential for real-time applications such as autonomous vehicles, remote health monitoring, and smart surveillance. For instance, an autonomous vehicle must process sensor data in milliseconds to make driving decisions, making cloud-based responses impractical. However, this decentralization also introduces new security risks. Each edge device becomes a potential attack vector, necessitating robust security frameworks that include device authentication, secure firmware updates, and local threat detection. In healthcare, wearable devices like heart monitors rely on local data analysis to alert doctors in real-time, requiring encryption and privacy safeguards to prevent tampering or data breaches.
The industry is increasingly adopting zero-trust architecture, decentralized security models, and lightweight encryption protocols suited for resource-constrained environments to address these risks. For example, NVIDIA's EGX Edge AI platform combines AI inference and security for real-time analytics in sectors like retail and logistics. In the same vein, Microsoft Azure IoT peripheral enables the secure deployment of cloud intelligence on peripheral devices, incorporating features such as remote device management and encrypted communications. These developments highlight the growing need to secure edge-based environments, making edge computing a technological innovation and a major growth driver for the IoT security market.
In India, the rapid growth of the telecom and IT industry has been a primary driver of IoT security demand. The Indian IT industry's revenue reached US$ 227 billion in FY22, representing a 15.5% year-over-year increase, and is anticipated to reach US$ 245 billion in FY23, as reported by the National Association of Software and Service Companies (NASSCOM). The country's expanding 5G infrastructure and widespread adoption of smart devices and cloud-based services have increased the number of endpoints vulnerable to attack. With the growing presence of IoT in telecom towers, customer networks, and IT service delivery, securing these touchpoints is now a national priority. Additionally, India's Digital India programme and the emergence of smart cities have reinforced the need for strong IoT security frameworks to protect national digital infrastructure and user privacy. Thus, with strong government backing, increasing public awareness, and a thriving innovation ecosystem, Asia-Pacific is fast emerging as a hotbed for next-generation IoT security development and deployment.
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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific IoT Security Market Report Segmentation
By Component
By Security Type
By End-use
By Country