IoT Security Market Size, Share, Growth Opportunity, and Forecast 2025-2033

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 growth. 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:

Rise of AI and Machine Learning:

There is no underestimating that artificial intelligence (AI) and machine learning (ML) are enhancing IoT security in enormous ways. Such tools powered by artificial intelligence are able to efficiently work with big amounts of data originating from IoT devices, enabling them to detect outliers and even predict dangerous scenarios. In this way, an organization would be able to quickly identify and defend itself against cyberattacks, reducing incident response time and its possible effects. Also, ML allows IoT solutions to adapt on their own by being trained against new attack vectors. As the technologies continue to grow, AI and ML will increasingly be viewed as integral components of a broader strategy to protect the growing IoT environment.

Growing Importance of Edge Computing:

In regard to streamlining IoT security, edge computing is gaining traction. This is accomplished by bringing the computing and storage resources literally closer, thereby reducing the frequency and amount of data, improving the performance of such devices and the privacy of data. The adoption of this strategy reduces the emphasis on cloud-based storage, rendering it more challenging for attackers to penetrate these devices. In addition, edge computing can help organizations detect threats at any point in time, enabling them to defend their devices from cyber breaching attacks as soon as possible. Edge computing, when combined with the growing number of IoT devices, will serve as one of the most important elements to help meet the demands of critical infrastructure’s safety.

Increasing Focus on Data Privacy and Compliance:

Within the world of IoT, data privacy and compliance are very important issues to tackle. This is because, with the rapid growth of IoT devices comes a huge increase in their generation of sensitive information which means that organizations are obliged to follow strict laws like GDPR and CCPA. In addition to that, IoT security solutions must also include several other features such as focus on data privacy, user privacy protection, and general compliance of the product. Depending on the rules the organization follows, they must focus on adequate solutions for dealing with sensitive information at all the stages of its lifecycle. The demand for IoT security that is compliant will also continue to increase as data protection regulations become more strict.

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IoT Security Market Trends:

The IoT security market is witnessing multiple trends that are expected to shape its future growth. With increasing investment in cloud-based security systems, companies are able to access more flexible, efficient and cheaper security options. On the other hand, ensuring security as an integral part of IoT device development is increasingly becoming mandatory so that essential elements are made secure from the beginning. Focus on secure supply chain management is increasing the demand for stringent security policies across all product lifecycle. As the IoT ecosystem continues to evolve, these trends will play a crucial role in ensuring the security and resilience of connected devices and systems.

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.

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.

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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