IoT Security Market Size

IoT Security Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

IoT security market is expected to grow significantly. The current market size is estimated to be USD 43,977.7 billion in 2025 and is expected to reach USD 252,937.7 billion by 2035. CAGR is expected to be 22.1%. The increasing importance of security measures in the IoT system will help the market to grow. More and more devices are connected to the Internet. The need for comprehensive security solutions is increasing, mainly due to the need to protect sensitive data and ensure the safety of the operation in various industries. The number of cyber attacks is increasing, and the regulatory requirements are becoming stricter. In addition, smart devices are widely used in the field of health, industry and smart cities. The integration of artificial intelligence and machine learning in security protocols has greatly improved the security of IoT solutions. The market is expected to grow rapidly. Cisco, Palo Alto, and IBM have established strategic cooperation, and new products have been launched to increase market share and meet the needs of users.

Regional Market Size

Regional Deep Dive

The IoT Security Market is expected to grow at a significant CAGR during the forecast period, owing to the increasing use of IoT devices and the rising concerns over data privacy and security. The market in North America is characterized by advanced technological infrastructure and strict regulations for IoT security. In Europe, the regulatory frameworks are under development to enhance IoT security. The Asia-Pacific region is rapidly expanding due to the increasing use of smart devices and the urbanization trend. The Middle East and Africa are focusing on developing robust security solutions for the unique challenges in these regions, while Latin America is gradually adopting IoT security as a part of its digital transformation initiatives.

North America

• Among the U.S. government's initiatives is the National Institute of Standards and Technology (NIST) cyber security framework, which places a priority on the importance of IoT security standards.
• Major companies such as Cisco and IBM have already started to invest in IoT security, with the focus on artificial intelligence (AI) for securing connected devices.
• The development of smart cities in North America has led to the government placing IoT security at the top of the priority list, which has led to a significant increase in the budget for security.

Europe

• The General Data Protection Regulation (GDPR) is a European data protection law that has set a high standard for data protection and has influenced the security of the IoT in the region.
• Enisa (European Union Agency for Information Security) is already working on guidelines and best practices for the security of IoT devices.
• The European Commission has proposed the 'Cybersecurity Act', which aims to strengthen the security of IoT devices and services and thus create a more secure digital environment.

Asia-Pacific

• In China and India, the number of IoT devices is rapidly increasing, and the need for robust security to protect sensitive data is increasing.
• The region of Asia-Pacific is a major centre of investment in the development of smart manufacturing and smart homes, and it is these two areas that are primarily responsible for the increasing demand for security in the Internet of Things.
• Governments, such as the Indian Government’s Smart Cities Mission, are trying to incorporate security into the IoT.

MEA

• The United Arab Emirates has launched a national cyber security strategy, which includes measures to secure IoT devices and networks.
• The public-private partnership has been gaining momentum in the region to develop a common security framework for IoT devices, with DarkMatter as a prime example.
• A special need for IoT security solutions in the region, with its geopolitical tensions, is a requirement of critical security.

Latin America

• It is becoming increasingly clear that IoT security is a major issue. Countries such as Brazil and Mexico have already established national strategies for cyber security.
• In the field of security of the IoT, local companies are emerging, focusing on the development of new solutions, adapted to the needs of the region.
• In the sphere of IoT security, there are several reasons for the high degree of interest in this field. First, the need for digital transformation in many industries, which will drive the need for investment in IoT security technology.

Did You Know?

“In 2025 it is estimated that there will be more than 75 billion connected devices on the planet, significantly increasing the surface of the attack.” — Statista

Segmental Market Size

The Internet of Things (IoT) security market is experiencing a period of rapid growth, primarily driven by the increasing interconnection of devices and the growing threat of cyberattacks. When organizations adopt IoT solutions, they will need to have a strong security strategy in place to protect their data and their critical business assets. There are several factors driving this market, including the rising number of cyberattacks on IoT devices and the implementation of strict regulations, such as the General Data Protection Regulation and the Californian Data Protection Act, which have raised the bar for data protection.

The current phase of development is a large-scale deployment, and companies like Cisco and Palo Alto Networks are at the forefront of the IoT security solutions market. North America and Europe are in the lead in deploying advanced technology to secure smart cities and industrial IoT applications. The main use cases are smart home security, smart medical devices, and industrial automation, and the security of the protocol is the basis for preventing attacks. The development of remote work and the increase in regulatory oversight are driving the growth of the market, while the development of new technology such as AI for threat detection and the use of blockchain for secure data exchange is promoting the evolution of the industry.

Future Outlook

The IoT Security Market will grow at a remarkable rate between 2025 and 2035, from $47,940,100,000 to $2,523,971,000,000. This represents a CAGR of 22.1%. This growth is driven by the increasing proliferation of IoT devices in various industries, such as health, industry and smart cities. Moreover, the security solutions for IoT will be increasingly demanded by the companies which will continue to implement this technology, as a result of the need to protect sensitive data and to comply with strict regulations. By 2035, more than 75% of companies will have implemented advanced IoT security measures, a significant change in the way companies prioritise IoT security.

Artificial intelligence and machine learning are going to play a major role in IoT security. These two technologies will improve the ability to detect and respond to attacks, enabling organizations to proactively reduce the risks associated with cyberattacks. In addition, the growth of edge computing will require local security solutions, which will further stimulate the development of the market. The regulatory environment, with the implementation of more stringent data protection laws and industry standards, will also force companies to invest in IoT security. Consequently, the IoT security market will not only grow, but also develop, focusing on a more intelligent security solution that can adapt to the dynamic threat environment.

The development of the IoT market is influenced by many trends, including the growing importance of privacy by design and the growing cooperation between public and private actors to improve IoT security. The convergence of IoT with other technological developments, such as the use of blockchain for secure data transfers, will also create new opportunities for innovation. The maturity of the IoT market is growing, and as this process continues, it is important that all actors remain vigilant and able to adapt to the changing conditions to exploit the full potential of IoT and guard against new threats. The IoT security market is a key element in digital transformation strategies, ensuring that the benefits of IoT can be achieved without compromising security.