IoT Security Global Market Report 2025

IoT security pertains to protective measures for cloud-connected devices such as home automation tools, SCADA machines, and security cameras linked directly to the cloud.

Primary types of IoT security include network security, endpoint security, application security, cloud security, among others. Network security involves rule sets and configurations to ensure the integrity, confidentiality, and accessibility of computer networks and data, using software and hardware technologies. Components of the IoT security market comprise solutions and services. Its applications span across healthcare, infrastructure, industrial systems, smart home technology, and transportation sectors.

The iot security market research report is one of a series of new reports from The Business Research Company that provides iot security market statistics, including IoT Security industry global market size, regional shares, competitors with a iot security market share, detailed iot security market segments, market trends and opportunities, and any further data you may need to thrive in the IoT Security industry. This iot security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The IoT security market size has grown exponentially in recent years. It will grow from $8.7 billion in 2024 to $11.36 billion in 2025 at a compound annual growth rate (CAGR) of 30.6%. The growth in the historic period can be attributed to increasing cybersecurity threats, proliferation of IoT devices, regulatory compliance requirements, high-profile security breaches, integration with existing it infrastructure.

The IoT security market size is expected to see exponential growth in the next few years. It will grow to $35.99 billion in 2029 at a compound annual growth rate (CAGR) of 33.4%. The growth in the forecast period can be attributed to IoT expansion in critical infrastructure, growing complexity of IoT ecosystems, emphasis on zero trust security models, privacy concerns and data protection, shift to cloud-based IoT security. Major trends in the forecast period include supply chain security concerns, incident response planning, integration of security into development lifecycle, quantum-safe security solutions, collaborative security ecosystems.

The growth of smart cities is anticipated to significantly boost the IoT security market. As populations increase, the importance of sustainable development becomes more critical. Smart cities are designed to manage high traffic volumes, control population density, and enhance public safety. Implementing IoT devices is key to achieving these objectives, as they enable the interconnection of devices to securely exchange data, identify patterns, and deliver effective solutions. For example, remotely connected CCTV systems and automated incident detection-utilizing computers to continuously monitor traffic conditions and identify incidents or traffic jams-facilitate faster responses to potential threats. Additionally, IoT-driven crowd management solutions help monitor and control large gatherings, while smart street lighting contributes to lower crime rates and improved driving conditions. This growing demand for security in smart cities is leading to increased investments in the IoT security market. For instance, in June 2022, the SmartAmerica Challenge, an initiative by the National Institute of Standards and Technology (NIST), reported that city governments are expected to allocate $41 trillion over the next 20 years for infrastructure upgrades, including smart city projects. Thus, the rise of smart cities is a key driver of growth in the IoT security market.

The rising number of cyberattacks stands as a significant driver for the growth of the IoT security market. Cyberattacks, which involve illicit attempts to access computer systems or networks for malicious purposes, pose a considerable threat to connected devices on corporate networks. Recognizing the potential risks, organizations prioritize IoT security as a central component of their cybersecurity strategies. For example, in January 2023, The Computing Technology Industry Association (CompTIA) reported a 48% surge in phishing attacks during the first half of 2022, resulting in 11,395 reported incidents and a collective financial impact of $12.3 million on businesses. This growing trend of cyberattacks is expected to propel the market growth of IoT security in the foreseeable future.

Leading companies in the IoT security market are concentrating on launching advanced solutions, such as cybersecurity platforms, to enhance their competitive positioning. Cybersecurity platforms are centralized solutions that integrate security visibility, analysis, and controls across multiple layers and data sources, thereby improving protection, scalability, and performance. For example, in May 2023, Trend Micro Inc., a US-based IT security firm, unveiled Trend Vision One. This unified cybersecurity platform is designed to help organizations prepare for, withstand, and swiftly recover from threats while empowering their security teams. Trend Vision One includes support for IoT security and provides comprehensive protection across various domains, including operational technology (OT), which involves IoT devices. The platform accommodates hybrid environments, ensuring strong security across endpoints, servers, cloud services, and networks. Additionally, it features a wide array of native security sensors that deliver extensive protection against a broad spectrum of threats.

Major companies are innovating new products. IBM, a prominent technology corporation, has introduced the IBM Security QRadar Suite. This suite is designed to streamline and improve the workflow of security analysts throughout the entire incident lifecycle. Launched in April 2023, the IBM Security QRadar Suite is built upon an open framework and tailored to address the specific requirements of hybrid cloud environments. Equipped with a unified user interface, advanced AI, and automation, the suite aims to empower analysts to operate with increased velocity, efficiency, and accuracy within their essential tools.

In September 2023, SecurityBridge GmbH, a Germany-based cybersecurity solutions provider, successfully acquired Protect4S for an undisclosed sum. This strategic acquisition is poised to strengthen SecurityBridge's capacity to provide heightened security solutions to SAP customers while introducing cutting-edge cybersecurity research within the industry. Protect4S, a Netherlands-based SAP security specialist, had previously collaborated with SecurityBridge to enhance SAP security measures.

Major companies operating in the IoT security market include AT&T Inc., Huawei Technologies Co. Ltd., Siemens AG, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Verizon Enterprises Solutions LLC, HP Enterprise Company LLC, Infineon Technologies AG, Fortinet Inc., Gemalto NV, ARM Holdings plc, Check Point Software Technologies Ltd., PTC Inc., Forgerock Inc., Trustwave Holdings Inc., NSIDE Secure Inc., Allot Communications Ltd., Armis Inc., Sophos Group plc, Broadcom Inc., Wurldtech Security Inc., Centri Security Inc., SecuriThings, Mocana Corporation, Newsky Security Inc., NETCOM On-Line Communication Services Inc., Palo Alto Networks Inc., Rapid7 Inc., SimpliSafe Inc., Cradlepoint Inc., SonicWall Inc., Medigate Corporation, CyberMDX Healthcare Cybersecurity, Entrust Datacard Corporation, Microsoft Corporation, Amazon Web Services, Google LLC, Ericsson AB, Thales Group, Atos SE

The Asia-Pacific was the largest region in the Internet of Things iot security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global iot security market share report during the forecast period. The regions covered in the iot security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the iot security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The Internet of Things iot security market includes revenues earned by entities by offering Internet of Things (IoT) security devices/ software to protect connected network infrastructure. IoT security is a specialized area that provides solutions for safeguarding smart devices, networks, other connected devices and centralized user hubs from unwanted manipulation. This industry includes establishments that provide security solutions to counter IoT security threats such as remote vehicle hijacking, privacy leaks, brute force attacks on passwords and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

IoT Security Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on iot security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for iot security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iot security market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Network Security; Endpoint Security; Application Security; Cloud Security; Other Types
• 2) By Component: Solution; Services
• 3) By Application: Healthcare And Life Sciences; Infrastructure And Cities; Industrial System And Sensors; Smart Home And Consumer; Transport And Urban Mobility
• Subsegments:
• 1) By Network Security: Firewalls; Intrusion Detection And Prevention Systems (IDPS); Virtual Private Networks (VPNs); Network Encryption
• 2) By Endpoint Security: Anti-Malware Solutions; Device Authentication And Access Control; Endpoint Detection And Response (EDR)
• 3) By Application Security: Application Testing (Static And Dynamic); Runtime Application Self-Protection (RASP); Secure Application Development
• 4) By Cloud Security: Cloud Access Security Brokers (CASB); Cloud Data Encryption; Identity And Access Management (IAM) For Cloud
• 5) By Other Types: Identity Management And Authentication; Data Privacy And Protection Solutions; Security Analytics And Threat Intelligence
• Companies Mentioned: AT&T Inc.; Huawei Technologies Co. Ltd.; Siemens AG; Intel Corporation; International Business Machines Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.