The latest report by IMARC Group, titled “IoT Security Market Report by Component (Solutions, Services), Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), Vertical (Energy and Utilities, Manufacturing, Automotive, Transport, Consumer Electronics, Healthcare, and Others), and Region 2025-2033,” provides an extensive analysis of the IoT security market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the IoT Security Market?
The global IoT security market size reached USD 6.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 42.9 Billion by 2033, exhibiting a growth rate (CAGR) of 23.4% during 2025-2033.
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IoT Security Market Dynamics:
Rapid Advancements in IoT Devices and Cybersecurity Solutions:
The proliferation of internet connected devices in healthcare, automotive, smart cities, and industrial automation has fueled the growth of Internet of Things (IoT) ecosystems across multiple industries. However, this expansion has also opened up avenues for attacks on IoT networks advancing the need for security solutions. In order to protect their IoT environments, organizations are implementing encryption protocols, multi-factor authentication and ML based threat detection systems.
Moreover, implementing blockchain technology into IoT security frameworks helps in data management and mitigates dat tampering risks. However, as more companies start deploying IoT solutions focusing on enhancing operational efficiency, market growth for such companies in IoT deployment is now driven by easy to use, reliable, secure and real time cyber security tools.
Stricter Regulatory Frameworks and Compliance Standards:
All over the world, governments and regulatory agencies are enacting tighter polices to maintain the integrity of IoT infrastructures. European and American regulations, such as the GDPR and CCPA, are forcing companies to meet the requirements of secure-by-design. Likewise, policy recommendations from IoT Cybersecurity Improvement Act, a certain industry advocacy group ascertains the need for minimum security requirements.
These legislations not only seek to protect customer information but to also control the financial and reputational damages that result from cyber-attacks. In order to comply with such provisions, businesses are adopting regulatory-compliant IoT security solutions such as real-time monitoring and audit tools that are promoting ethics and accountability in the IoT environment.
Rising Adoption of Artificial Intelligence and Edge Computing in Security:
Indian IT services focused on Indian companies adopt various techniques and tools that are being used across markets in the developed world. Consider Artificial Intelligence and its adoption in Security. Indian IT services assume that Indian companies have not or will not be able to invest in building the security processes, tools and techniques employed in securing IoT devices and systems. AI will be integrated into these tools and techniques enabling them to detect anomalies and respond to constrains by anticipating security attacks. Edge the computing will provide the enabling environment that will manage huge volumes of security data needed in real-time IoT security systems spanning across IoT verticals.
Smart manufacturing and connected health care are just examples of industries or structures that would be able to deploy these technologies to protect vital systems. Whether integration centres enabled structure them along with the adoption and integration of more IoT, AI technologies will enable changing the security architecture of IoT ecosystems by forming self-adaptive architectures which will respond and changing the nature of threats and attacks against desired organizational structures. Over time it is safe to assume that strong IoT adaptive security measures will be crucial considering the growth of global IoT networks.
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IoT Security Market Trends:
In today's uncertain environment, one area that is undergoing radical transformations is IoT security. With the rapid technological development and the rising concern about cyber security, there is a shift now in the way IoT is secured using advanced tools. A core trend is the adoption of the zero trust model meaning that every device and user has to be authenticated, there are no automatic privileges granted. This enables an architecture built around continuous verification and segregation of particular network access, thereby effectively lines of instances where a breach can occur.
Strengthening this trend, more and more cybersecurity vendors partner with technology companies to create customized complete-range solutions for various specific industries. Emerging trends also include marketing a solution that would help secure IoT devices across both remote and hybrid workplaces which is very much needed considering the growing concern for supporting infrastructure. Besides, the increasing adoption of security analytics powered by ML and big data enables organizations tackle threats on a more advanced level from predictive prevention to intelligent threat detection. Maturing strategies and services offered by IoT security firms centers around the challenges of a hyper connected ecosystem assuring operational and organizational stability and trust.
IoT Security Market Report Segmentation:
Breakup By Component:
- Solutions
- Services
Solutions represented the largest segment by component, driven by the high demand for integrated security tools that provide seamless defense mechanisms.
Breakup By Security Type:
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Others
Cloud security led the security type segment as more businesses transition their operations to cloud-based platforms, requiring enhanced protective measures.
Breakup By Vertical:
- Energy and Utilities
- Manufacturing
- Automotive
- Transport
- Consumer Electronics
- Healthcare
- Others
The energy and utilities sector held the top position among verticals due to the growing deployment of smart metering and automated systems that need advanced security.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
North America leads in the IoT security market due to substantial investments in IoT infrastructure, robust cybersecurity research, and technological innovation. Strong government regulations and the presence of major tech companies contribute to comprehensive security measures, making the region a frontrunner in adopting and implementing advanced IoT protection solutions.
Top IoT Security Market Leaders:
The IoT security market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Allot Ltd.
- Armis Inc.
- CENTRI Technology
- Cisco Systems Inc.
- ForgeRock Inc.
- Fortinet, Inc.
- Gemalto NV
- International Business Machines (IBM) Corporation
- Infineon Technologies AG
- Intel Corporation
- Mocana Corporation
- Newsky Internet Limited
- SecuriThings
- NortonLifeLock Inc. (Symantec Corporation)
- ZingBox Inc.
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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