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:

AI solutions are a game changer for IoT security. They have the ability to manage extensive volumes of cybersecurity data sourced from IoT devices to identify anomalies and forecast threats. Given this approach, organizations have the power to detect and address cyber threats including malware, DDoS attacks, and data breaches within a matter of seconds. The use of ML algorithms aids in learning as well as adapting to fresh threats which enhances security measures. ML and AI have the ability to streamline security procedures involving vulnerability assessment and threat intelligence which allows the dedicated team to concentrate on other aspects. Overtime as ML and AI acquire a higher level of development, their function in securing the IoT platform will become more significant.

Growing Importance of Edge Computing:

EAs a new feature of IoT security, edge computing seeks to extend the IoT network's security perimeter. With edge computing, the amount of lag and bandwidth use caused by having to transfer data to the cloud are significantly decreased. This is extremely important for responding to real-time threats. Adopting decentralization enhances security because the risk of loss as data is transmitted to the cloud is considerably reduced. Edge computing when integrated with IoT devices makes it easier for organizations to make quicker and more effective decisons wrt to security threats that may arise. The increase in the volume of data generated will mean that edge computing is going to be crutuial in protecting IoT networks.

Impact of 5G Technology:

The role of 5G layed technology is of high importance when talking about the future of IoT security. Features like low lag, very high bandwidths , enhanceed connectivity will enable new evolving technologies to surface such as smart cities, autonomous vehicles etc. With these advancements, new forms of security challenges arise. 5G and IoT will work in tandem but force organizations to shift their entire paradigm towards a much more adaptive security strategy to protect their most meaningful form of asset; their data.

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IoT Security Market Trends:

There are numerous noticeable trends within the IoT security market that will affect its adelante. The adoption of Zero Trust security models is increasing, which maintains the principle of ‘never trust, always verify’. This means any device or user in the network is constantly required to authenticate and authorize themselves no matter where on the network they are located. Also, the emergence of cloud-based security platforms allows entities to consolidate security marketing, enhances visibility into their IoT ecosystem, and employs cutting-edge threat intelligence. With the increasing endorsement of the blockchain technology, this issue goes a few steps beyond as it enhances the security of IoT devices and data by offering an unchangeable and tamper-evident ledger for transactions and data transfers. As the IoT market continues to expand, all these trends will result in the creation of more secure solutions.

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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