NEW YORK, April 22, 2025 /PRNewswire/ - According to a comprehensive new report from The Insight Partners, the Global Internet of Things (IoT) Security market is observing healthy growth owing to the rising proliferation of IoT devices across the globe.
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The report runs an in-depth analysis of market trends, key players, and future opportunities. Several key factors drive the Internet of Things (IoT) Security market. A number of factors are driving this growth. One of them is an increase in Industry 4.0 IOT security incidents that highlight the need for increased cyber resilience. These IOT vulnerabilities give hackers new avenues to exploit, an increase in IOT security regulations, and an increase in security concerns for critical infrastructure.
To explore the valuable insights in the Internet of Things (IoT) Security Market report, you can easily download a sample PDF of the report https://www.theinsightpartners.com/sample/TIPTE100000288/ [https://www.theinsightpartners.com/sample/TIPTE100000288/]
Overview of Report Findings
1. Market Growth: The Internet of Things (IoT) Security market is expected
to reach US$ 106.4 billion by 2031 from US$ 28.3 billion in 2024; it is
expected to record a CAGR of 20.8% during the forecast period. The rapid
and widespread adoption of Internet of Things (IoT) devices across a
broad spectrum of industries is a fundamental factor propelling the
growth of the Internet of Things (IoT) Security market. From smart
factories and connected healthcare systems to intelligent transportation
networks and smart home devices, the number of IoT endpoints being
deployed globally is rising at an unprecedented pace.
2. Proliferation of IoT Devices: This explosive growth in connected devices
has led to an equally dramatic expansion in the cyber-attack surface.
Each additional device represents a potential entry point for malicious
actors, making it increasingly difficult for organizations to manage
security risks using traditional IT security frameworks. IoT environments
are inherently complex, often comprising a mix of legacy systems,
low-power devices, and real-time data transmission across heterogeneous
networks. These factors make IoT ecosystems highly vulnerable to
cyberattacks, including data breaches, device hijacking, ransomware, and
distributed denial-of-service (DDoS) attacks. Moreover, many IoT devices
are deployed with minimal built-in security features, either due to cost
constraints or design limitations, leaving them susceptible to
unauthorized access and manipulation. As a result, there is a growing
demand for robust, scalable, and context-aware security solutions that
can offer device authentication, encrypted communication, anomaly
detection, and real-time threat response.
3. Rising Cybersecurity Threats and Data Breaches: The increasing frequency
and sophistication of cyberattacks targeting IoT ecosystems is one of the
most critical drivers accelerating the growth of the global IoT security
market. As organizations across industries deploy vast networks of
connected devices, these IoT endpoints have become prime targets for
cybercriminals seeking to exploit weak security protocols, outdated
firmware, and unmonitored device networks. Ransomware attacks, botnets,
and unauthorized data access are among the most prevalent threats.
High-profile incidents--such as the Mirai botnet attack that disrupted
major websites by hijacking unsecured IoT devices--have demonstrated the
far-reaching consequences of inadequate IoT security. These breaches not
only cause operational disruptions but also result in significant
financial losses, legal liabilities, and reputational damage for affected
organizations.
4. Expansion of Cloud-Based IoT Platforms: The rapid adoption of cloud-based
platforms for managing, processing, and storing IoT data is a major
catalyst for growth in the IoT security market. As enterprises
increasingly shift their IoT infrastructure to the cloud to gain
scalability, cost efficiency, and real-time analytics capabilities, they
are simultaneously exposing their ecosystems to a new set of security
challenges and vulnerabilities. Cloud-based IoT platforms facilitate
seamless connectivity between devices, edge networks, and centralized
data centers, enabling real-time monitoring, predictive maintenance, and
smart automation across sectors such as manufacturing, energy,
transportation, agriculture, and healthcare. However, this
interconnectedness significantly expands the attack surface, making it
imperative to implement robust end-to-end security protocols.
5. Geographical Insights: In 2024, North America led the market with a
substantial revenue share, followed by Europe and Asia Pacific,
respectively. Asia Pacific is expected to register the highest CAGR
during the forecast period.
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Market Segmentation
-- Based on type, the Internet of Things (IoT) security market is divided
into network, endpoint, cloud, application security, and others. The
cloud segment is anticipated to grow in the forecast period.
-- By solution, the market is segmented into threat analysis, identity
access management, data loss protection, encryption, dispatch & incident
response, distributed denial of service protection, and others. The
identity access management segment is anticipated to grow in the
forecast period.
-- Based on application, the Internet of Things (IoT) security market is
divided into smart homes, connected cars, information & communication
technology, smart factories, BFSI, smart retail, smart healthcare, smart
transportation, wearable, and others. The information and communication
technologies segment are anticipated to grow in the forecast period.
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Competitive Strategy and Development
-- Key Players: A few of the major companies operating in the Internet of
Things (IoT) Security market are IBM Corporation, Microsoft, Amazon Web
Services, Google, Intel, Cisco, Ericsson, Thales, Allot, and Infineon.
-- Trending Topics: Enterprise Security, Mobile Application Security, etc.
-- Global Headlines on Internet of Things (IoT) Security Market
-- Aeris, a global leader in secure cellular IoT platforms and solutions,
launched Aeris IoT Watchtower, the world's first fully integrated
security solution for cellular IoT. Aeris IoT Watchtower delivers
enterprise IoT visibility and control to prevent IoT security breaches,
significantly reduce the impact of any IoT security event, improve
operational efficiency and ensure regulatory compliance.
-- Asimily, a leading innovator in IoT, OT, and IoMT risk management,
announced the launch of its comprehensive IoT Patching solution,
enabling customers to automate, standardize, and streamline firmware
updates across their connected device ecosystems. The new capability
significantly reduces security risks by simplifying the otherwise
complex process of keeping heterogeneous IoT device fleets continually
updated with the latest security patches.
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Conclusion
The global Internet of Things (IoT) security market is broadly segmented into five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America/South & Central America. Among these, North America has emerged as the dominant region, driven by its rapid pace of technological adoption across various industry verticals. The region's leadership is primarily attributed to the widespread implementation of digital tools, coupled with significant investments in advanced technologies by both public and private sector entities. In particular, government initiatives promoting smart infrastructure and cybersecurity have created a strong foundation for market expansion. Additionally, high R&D spending in technologically advanced economies such as the United States and Canada has accelerated the development and deployment of next-generation IoT security solutions. The presence of several key IoT security providers headquartered in the U.S.
further strengthens North America's market position. These companies are heavily focused on innovation, product development, and strategic partnerships, which contribute to the continuous evolution of security solutions tailored for complex IoT ecosystems. In summary, North America's robust technological infrastructure, strong innovation ecosystem, and proactive approach to cybersecurity make it the leading region in the global IoT security market. With ongoing investments in digital transformation and a growing need for secure IoT frameworks, the region is expected to maintain its dominance in the coming years. Other regions are also poised for growth, but North America remains the benchmark for IoT security innovation and implementation.
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