Drivers Impact Analysis is driving the Global IOT Security Market, are expected to drive market expansion in the near future at a CAGR of 22.1% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global IOT Security Market” that contains information from 2019 to 2035.

The Global IOT Security Market is estimated to register a CAGR of 22.1% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global IOT Security Market—  PTC, SYMANTEC CORPORATION (GEN DIGITAL INC.), INFINEON TECHNOLOGIES AG, TRUSTWAVE HOLDINGS, INC, CHECK POINT SOFTWARE TECHNOLOGIES LTD, IBM CORPORATION, CISCO SYSTEMS, INC., THALES GROUP, AT&T INC, TREND MICRO INCORPORATED, DIGICERT, INC., INTEL CORPORATION, GENERAL ELECTRIC, VERIZON COMMUNICATIONS INC, SOPHOS GROUP LTD., among, others.

Market Highlights

The Global IOT Security Market is estimated to register a CAGR of 22.1% during the forecast period and is estimated to reach USD 252,937.1 Million by 2035.

The surge in internet penetration worldwide and progress in the speed of the internet have made technologies such as IoT evolve at a very quick pace. With the fulfilment of essential IoT criteria, namely, progress in speed, it is being employed in various technical applications and issue solving without the intervention of people. IoT is utilized in engineering applications and in the day-to-day operations of modern living, automating them. It saves a lot of time and is reliable, making it a convenient option. Everyday tasks like automating home lighting can be automated and controlled via IoT, but because IoT devices are controlled via the network, they are vulnerable to security attacks because they are a combination of various technologies like communication technology, information technology, electronic sensors, and actuator technology. As a result, any form of security attack is feasible, and the IoT-enabled equipment can also be controlled, necessitating the need for IoT security.

In addition, another shift is the emergence of Zero Trust architecture. This is being implemented by companies where there is the assumption that no device or network is secure thus the constant authentication of devices within an IoT system. For instance, Microsoft has been developing its Azure Sphere IoT security solution, which aims at built-in security solutions for IoT products; the company has been assisting businesses to establish enhanced IoT cybersecurity policies.

Further, blockchain technology is one of the most important answers for IoT security concerns. Blockchain technology is used to track sensor data and prevent it from being duplicated with other harmful data. Instead, relying on a third party to establish trust, sensors can communicate data via blockchain. The blockchain-based architecture enables basic and decentralized security solutions for linked devices. Moving freight, for example, is a complicated operation involving multiple partners with various objectives in freight transportation applications. When in a moveable condition, an IoT-enabled blockchain can record arrival times, shipping container status, temperatures, and position. Similarly, IoT data stored in shared blockchain ledgers allows all parties to track component provenance throughout the entire life cycle in the component tracking and compliance application. As a result, blockchain could aid in addressing the scalability and security challenges associated with linked technologies.

Access full report @ https://www.marketresearchfuture.com/reports/iot-security-market-2256

Segment Analysis

The Global IOT Security Market has been segmented based on By Type, By Solution Type, By Technology Type, By Industry Vertical.

By Type, the IoT security market has been categorized as endpoint security, application security, cloud security, and others. The Network Security segment dominated the global market in 2024, while the Application Security is projected to be the fastest–growing segment during the forecast period. Network Security protects your network and data from breaches, intrusions, and other threats. Network Security involves access control, virus and antivirus software, application security, network analytics, types of network-related security, firewalls, VPN encryption, and more. Network security enables constant supervision, division, and authorization to protect critical data and guarantee the stability of the corporate networks. Through use of encryption and frequent patching the risks are reduced, and breaches are avoided.

Based on the solution, the IoT security market has been segmented into identity access management, device authentication and management, secure communication, security analytics, trusted identification, data encryption and tokenization, and others. The Device Authentication and Management segment dominated the global market in 2024, while the Data Encryption and Tokenization is projected to be the fastest–growing segment during the forecast period. Device authentication and management are very important aspects of IoT security that help to prevent unauthorized devices from connecting to an IoT network. By means of certificates, digital signatures, biometric data, and others, devices are identified and authenticated to gain access to the network. Strong IoT device authentication and management are required to ensure connected devices on the IoT can be trusted to be what they purport to be. Each IoT device needs a unique identity that can be authenticated when the device attempts to connect to a gateway or central server.

Based on technology, the IoT Security Market has been facial recognition, iris recognition, and fingerprint identification. The Fingerprint Identification segment dominated the global market in 2024, while Iris Recognition is projected to be the fastest–growing segment during the forecast period. Fingerprint Identification is the method of identification using the impressions made by the minute ridge formations or patterns found on the fingertips. No two people have the same arrangement of ridge patterns, and the patterns of any one individual remain unchanged throughout life. Fingerprints can be recorded on a standard fingerprint card or can be recorded digitally and transmitted electronically to the FBI for comparison.

Based on the industry vertical, the IoT security market has been segmented into retail, manufacturing, healthcare, transportation, energy & utilities, IT & telecommunications, BFSI, and others. The Manufacturing segment dominated the global market in 2024, while the  Transportation is projected to be the fastest–growing segment during the forecast period. The manufacturing industry is expected to show an exponential trend in the adoption of IoT security solutions. The advent of Industry 4.0, smart manufacturing, industrial bots, and smart factories are some of the factors that boost IoT security market growth. The manufacturing industry may benefit from IoT security in a variety of ways. IoT security enables manufacturers to gain greater visibility and insights into their operations through efficiently utilizing data and the tighter integration of disparate systems.

Regional Analysis

The report on the IOT Security Market has been segmented on the basis of region as: North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America IOT Security market accounted for the largest market share in 2024, and Asia-Pacific is expected to exhibit significant CAGR growth during the study period.

North America is the largest market and is expected to witness significant growth in the Internet of things (IoT) security market as the demand for agile, scalable, and cost-effective computing is high in the region. North America is a significant market for IoT security because there is a high adoption of IoT solutions across industry verticals such as healthcare, residential, and industrial. As the U.S. remains the global leader in technology advancement, the region experiences a surge in cyber threats, forcing organizations to spend more on IoT security solutions.

The US is the dominating country in the Internet of things (IoT) security market in this region. The US is a developed country in terms of economy and high demand for various industries such as IT & telecommunication, retail, and healthcare. The region constitutes countries such as the US, Canada, and Mexico. The US has a higher concentration of companies than Canada and Mexico, due to which the cloud platform adoption is higher. The US is expected to be the leading market in North America over the forecast period due to the growing healthcare and aerospace and defense industries.

Moreover, increasing digitization and adoption of digital services are driving the growth of the Internet of things (IoT) security market in the US. Canada is the second-largest developed country in the region and for the Internet of things (IoT) security market with the highest CAGR during the forecast period. Canada is among the fastest-growing country in the region. Mexico is expected to register steady growth in the global Internet of things (IoT) security market during the forecast period. The market growth is attributed to the rising demand for the IoT security market across various industries.

Asia-Pacific is the largest hub for various manufacturing companies worldwide, which offers an immense growth opportunity in the IoT security market. The region has been segmented, by country, into China, Japan, India, and the rest of Asia-Pacific. China is expected to dominate as well as grow with the highest CAGR during the forecast period. Asia-Pacific is witnessing rapid IoT growth, especially in smart cities, manufacturing, and telecommunications. The three countries include China, Japan and South Korea have been among the top countries that are investing on IoT technologies, thus creating the demand for security solutions.

In China, the governmental initiatives towards smart cities and industrial IoT lead to increased demand for enhancing cybersecurity as more significant part of critical infrastructure becomes dependent on connected devices. Likewise, Japan and South Korea, which are the technological leaders and early adopters of IoT, are experiencing growing cyber risks affecting IoT-connected vehicles, healthcare, and manufacturing industries. Japan accounted for the second-largest share in the Asia-Pacific region. The region has also been experiencing significant growth, primarily due to the initiatives being pursued by the government to encourage the adoption of IoT security in the country. India The government of India is adopting cloud platforms and also moving toward the IoT security due to benefits such as improved efficiency and productivity and reduced costs.

Key Findings of the Study

• The Global IOT Security Market is expected to reach USD 252,937.1 Million by 2035, at a CAGR of 22.1% during the forecast period.


• The Asia-Pacific region accounted for the fastest growth in the global market.


• Based on By Type, the Network Security segment was attributed to holding the largest market in 2024.


• PTC, SYMANTEC CORPORATION (GEN DIGITAL INC.), INFINEON TECHNOLOGIES AG, TRUSTWAVE HOLDINGS, INC, CHECK POINT SOFTWARE TECHNOLOGIES LTD, IBM CORPORATION, CISCO SYSTEMS, INC., THALES GROUP, AT&T INC, TREND MICRO INCORPORATED, DIGICERT, INC., INTEL CORPORATION , GENERAL ELECTRIC, VERIZON COMMUNICATIONS INC, SOPHOS GROUP LTD., among others are the key market players.