IOT Security Market Research Report Information by Type (Network Security, Endpoint Security, Application Security, Cloud Security ,Others), By Solution (Identity Access Management Device Authentication and Management, Secure Communication, Security Analytics, Trusted Identification, Data Encryption and Tokenization ,Other), By Technology (Facial Recognition, Iris Recognition, Fingerprint Identification), By Industry Vertical (Retail, Manufacturing, Healthcare, Transportation, Energy & Utilities, IT And Telecommunication, BFSI, Others), and

IOT Security Market Overview

IOT Security Market Size was valued at USD 35,879.3 Million in 2024. The Global IOT Security industry is projected to grow from USD 44,860.1 Million in 2025 to USD 252,937.1 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 22.1% during the forecast period (2025 - 2035).

Growing Need For IOT Security And High Demand For IOT Security Services By Healthcare And Telecommunications Sector And Drivers Impact Analysis is driving the Global IOT Security Market.

As per Analyst at MRFR “The rapid development of the Internet of Things (IoT) and related ecosystems is opening a range of possibilities that can improve people’s quality of life in a variety of ways. The healthcare sector is one such area that has the potential for bringing in a positive change in people’s lives through better IoT security. In healthcare, with the increase of the use of wearables, remote patient monitoring systems, and connected hospital devices, there is an increased risk of cyber security threats. The industry is especially susceptible to data breaches, ransomware attacks, and the management of critical equipment.”

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

IOT Security Market Trends

DEVELOPMENT OF SMART INFRASTRUCTURE

Smart cities and smart buildings are conceptual models that are intended to supply a set of cutting-edge services and infrastructure. A smart city is one that uses its ICT infrastructure to improve the quality of life and increase the efficiency of urban operations and services. Smart cities adhere to the following components: smart transportation, smart buildings, smart utilities, and smart citizen services. Smart infrastructure encompasses connected technologies in areas like transportation, energy grids, and urban planning, aimed at improving efficiency, sustainability, and connectivity. These projects rely heavily on IoT devices to collect and exchange vast amounts of data, making them vulnerable to cyber threats. These projects rely heavily on IoT devices to collect and exchange vast amounts of data, making them vulnerable to cyber threats.

According to a July 2022 White & Case LLP report, Saudi Arabia is building four major smart cities, NEOM, Qiddiya, the Red Sea Project, and Amaala, all of which have multibillion-dollar construction contracts. The largest of these plans, according to released blueprints, is NEOM, a proposed USD 500 billion megacities that would comprise a zero-carbon hyper-connected city. Furthermore, smart city solutions such as smart utility metres, smart grids, smart air quality controllers, smart waste management, and smart transportation are becoming more popular among consumers, enhancing the global market potential for linked devices

With smart cities becoming a global trend, governments and private sectors are investing heavily in IoT-powered infrastructure such as smart traffic systems, automated public services, and intelligent energy grids. The increased connectivity, however, presents new cybersecurity challenges. Without proper security measures, these interconnected systems are susceptible to attacks that could disrupt critical services or compromise sensitive data. To manage these risks there is growing demand for better IoT security solutions. Businesses are investing in sophisticated protective measures for smart infrastructure that are more specific than those used for traditional structures; these measures comprise encryption of all communications, constant monitoring, and identification of anomaly detection. For example, the combination of AI and machine learning in IoT security is useful in the identification of complex attacks in real-time. The expansion of smart infrastructure not only creates new vulnerabilities but also drives the need for comprehensive security solutions, providing a significant growth opportunity for the IoT security market.

IOT Security Market Segment Insights

Global IOT Security Type Insights

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.

Global IOT Security solution Insights

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.

Global IOT Security technology Insights

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.

Figure 1: GLOBAL IOT SECURITY MARKET, BY TECHNOLOGY, 2024 & 2035 (USD Million)

Global IOT Security industry vertical Insights

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.

Global IOT Security Regional Insights

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.

Figure 2: GLOBAL IOT SECURITY MARKET, BY REGION, 2024 & 2035 (USD Million)

Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.

Global IOT Security Key Market Players & Competitive Insight

Many global, regional, and local vendors characterize the IOT Security Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major players in the market include 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. The IOT Security Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the IOT Security Market include

• 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.

IOT Security Market Segmentation

IOT Security Market by Type Outlook (USD Million, 2019-2035)

• Network Security


• Endpoint Security


• Application Security


• Cloud Security


• Others

IOT Security Market by Solution Outlook (USD Million, 2019-2035)

• Identity Access Management


• Device Authentication and Management


• Secure Communication


• Security Analytics


• Trusted Identification


• Data Encryption and Tokenization


• Other

IOT Security Market by Technology Outlook (USD Million, 2019-2035)

• Facial Recognition


• Iris Recognition


• Fingerprint Identification

IOT Security Market by Industry Vertical Outlook (USD Million, 2019-2035)

• Retail


• Manufacturing


• Healthcare


• Transportation


• Energy & Utilities


• IT And Telecommunication


• BFSI


• Others

  Global IOT Security Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Spain
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East and Africa
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of Middle East and Africa
  
  
  
  


• Middle East and Africa
  
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America
  
  
  
  

Report Attribute/Metric	Details
Market Size 2024	USD 35,879.3 million
Market Size 2025	USD 44,860.1 million
Market Size 2035	USD 252,937.1 million
Compound Annual Growth Rate (CAGR)	22.1% (2025-2035)
Base Year	2024
Market Forecast Period	2025-2035
Historical Data	2019- 2023
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, By Solution Type, By Technology Type, By Industry Vertical, And Region
Geographies Covered	North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Countries Covered	The U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Sweden, Poland, Rest of Europe, ANZ, Rest of Asia-Pacific, Latin America, , Saudi Arabia, UAE, Oman, Qatar, Bahrain, Turkey, Rest of MEA.
Key Companies Profiled	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.
Key Market Opportunities	·         DEVELOPMENT OF SMART INFRASTRUCTURE
Key Market Dynamics	·         GROWING NEED FOR IOT SECURITY ·         HIGH DEMAND FOR IOT SECURITY SERVICES BY HEALTHCARE AND TELECOMMUNICATIONS SECTOR