Internet of Things IoT Security Technology Market Report 2025 (Global Edition)

Global Internet of Things IoT Security Technology Market Report 2025 Market Size Split by Component (Hardware, Gateways, Sensors, Embedded Systems, Actuators, Software, Identity and Access Management ...

Internet of Things IoT Security Technology Market Report Description

We have various report editions of Internet of Things IoT Security Technology Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Internet of Things IoT Security Technology Market Insights Video

Competitive Landscape of the Internet of Things IoT Security Technology Market

The IoT security market research report also examines the competitive scenario in depth. Furthermore, complete profiles of all major businesses are available. Armis Inc. and Allot Ltd. are two of the main businesses in the IoT security field. Prominent industry actors are constantly creating and improving comprehensive security solutions to combat new hazards to IoT networks. These organizations use cutting-edge technology such as blockchain, artificial intelligence (AI), and machine learning (ML) to deliver effective threat detection, prevention, and response.

In May 2023, AWS announced that Configurable Endpoints will support Transport Layer Security (TLS) 1.3. TLS 1.3 provides two key security and performance improvements: it eliminates older cipher suites and legacy features from previous TLS versions, and it performs better due to a streamlined handshake protocol. (Source: https://aws.amazon.com/blogs/security/faster-aws-cloud-connections-with-tls-1-3/ ) In February 2023, Cisco demonstrated a plethora of advanced cloud management technologies, especially geared at the industrial Internet of Things. These solutions are intended to more efficiently integrate Information Technology (IT) and Operational Technology (OT) operations by providing simple and easy-to-understand panels for improved monitoring and administration of industrial systems. (Source: https://www.cisco.com/c/en_in/solutions/collateral/enterprise-networks/nb-06-journey-cloud-network-management-manufacturing-wp-cte-en.html )

Top Companies Market Share in Internet of Things IoT Security Technology Industry: (In no particular order of Rank)

• Cisco Systems Inc. (US)
• IBM Corporation (US)
• Intel Corporation (US)
• Thales Group (France)
• Forgerock (US)
• Infineon Technologies AG (Germany)
• Mocana Corporation (US)
• NortonLifeLock Inc. (US)
• Allot Ltd. (Israel)
• Fortinet
• Inc. (US)
• New Sky Internet Limited (Hong Kong)
• Allot (Israel)
• Infenion (Germany)
• Atos (France)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Internet of Things IoT Security Technology Market

Which Region Dominates the Internet of Things IoT Security Technology Market in 2024?

According to Cognitive Market Research, North America currently dominates the Internet of Things IoT Security Technologies market, and the region is expected to have significant growth during the projected period. New business models, applications, and decreased device costs have aided in the rapid adoption of the Internet of Things, increasing the number of connected items such as wearables, consumer electronics, autos, equipment, meters, and machinery.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Significant economies such as Singapore, Japan, China, India, and Australia provide manufacturers of IoT security with multiple growth potential. The primary drivers of this region's IoT security market growth include expanding government efforts, rising demand for fast computing, virtualized environments, analytics, security, digitalization, high-volume networking, and increased overall internet speed and responsiveness.

The current report Scope analyzes Internet of Things IoT Security Technology Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Internet of Things IoT Security Technology Market Analysis

According to Cognitive Market Research, the global Internet of Things IoT Security Technology market size was estimated at USD 15654.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6261.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.6% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Internet of Things IoT Security Technology market with a market size of USD 4940.56 million in 2024 and is projected to grow at a CAGR of 28.4% during the forecast period. The increasing number of cyberattacks targeting IoT devices.
• The Canada Internet of Things IoT Security Technology market had a market share of USD 751.42 million in 2024 and is projected to grow at a CAGR of 29.4% during the forecast period. Canada, with its strong technological infrastructure and focus on innovation.
• The Mexico Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 29.1% during the forecast period, with a market size of USD 569.82 million in 2024.

Europe Internet of Things IoT Security Technology Market Analysis

According to Cognitive Market Research, the global Internet of Things IoT Security Technology market size was estimated at USD 15654.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4696.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.9% from 2024 to 2031.

• The United Kingdom Internet of Things IoT Security Technology market had a market share of USD 788.99 million in 2024 and is projected to grow at a CAGR of 29.7% during the forecast period. The UK has been at the forefront of technological advancements, and the IoT sector is no exception..
• The France Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 28.1% during the forecast period, with a market size of USD 432.06 million in 2024.
• According to Cognitive Market Research, the German Internet of Things IoT Security Technology market size was valued at USD 929.88 million in 2024 and is projected to grow at a CAGR of 29.1% during the forecast period. Germany has stringent data privacy regulations like the General Data Protection Regulation (GDPR).
• The Italy Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 28.3% during the forecast period, with a market size of USD 403.89 million in 2024.
• The Russia Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 27.9% during the forecast period, with a market size of USD 727.93 million in 2024.
• The Spain Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 28.0% during the forecast period with a market size of USD 385.10 million in 2024
• The Luxembourg Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 29.0% during the forecast period, with a market size of USD 145.59 million in 2024.
• The Portugal Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 28.7% during the forecast period, with a market size of USD 98.62 million in 2024.
• The Greece Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 29.2% during the forecast period, with a market size of USD 56.36 million in 2024.
• The Rest of Europe's Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 27.6% during the forecast period, with a market size of USD 727.93 million in 2024.

Asia Pacific Internet of Things IoT Security Technology Market Analysis

According to Cognitive Market Research, the global Internet of Things IoT Security Technology market size was estimated at USD 15654.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3600.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.4% from 2024 to 2031.

• According to Cognitive Market Research, the China Internet of Things IoT Security Technology market size was valued at USD 1620.24 million in 2024 and is projected to grow at a CAGR of 31.9% during the forecast period. China has emerged as a major player in the global IoT market, and the security aspect of this burgeoning industry is rapidly gaining prominence.
• The Japan Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 30.9% during the forecast period, with a market size of USD 496.87 million in 2024.
• The India Internet of Things IoT Security Technology market had a market share of USD 432.06 million in 2024 and is projected to grow at a CAGR of 34.2% during the forecast period. India is facing a growing number of cyberattacks, including those targeting IoT devices, making security a top priority.
• The South Korean Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 31.5% during the forecast period, with a market size of USD 360.05 million in 2024.
• The Australian Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 32.1% during the forecast period, with a market size of USD 187.23 million in 2024.
• The South East Asia Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 33.4% during the forecast period, with a market size of USD 248.44 million in 2024.
• The Rest of Asia Pacific Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 32.2% during the forecast period, with a market size of USD 255.64 million in 2024.

South America Internet of Things IoT Security Technology Market Analysis

According to Cognitive Market Research, the global Internet of Things IoT Security Technology market size was estimated at USD 15654.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 782.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.8% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Internet of Things IoT Security Technology market size was valued at USD 335.01 million in 2024 and is projected to grow at a CAGR of 30.4% during the forecast period. The Brazilian government is actively promoting digital transformation and IoT adoption.
• Argentina's Internet of Things IoT Security Technology market had a market share of USD 131.50 million in 2024 and is projected to grow at a CAGR of 30.7% during the forecast period. The Argentine government has recognized the potential of IoT and is promoting its adoption.
• Colombia's Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 29.6% during the forecast period, with a market size of USD 69.66 million in 2024.
• Peru's Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 30.0% during the forecast period, with a market size of USD 64.18 million in 2024.
• Chile's Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 30.1% during the forecast period, with a market size of USD 56.36 million in 2024.
• The Rest of Latin America's Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 28.9% during the forecast period, with a market size of USD 126.02 million in 2024.

Middle East Internet of Things IoT Security Technology Market Analysis

According to Cognitive Market Research, the global Internet of Things IoT Security Technology market size was estimated at USD 15654.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 313.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.1% from 2024 to 2031..

• The GCC Countries Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 30.9% during the forecast period, with a market size of USD 134.00 million in 2024. Governments in the GCC are actively developing and implementing stringent cybersecurity regulations to protect critical infrastructure and sensitive data.
• The Egypt Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 30.4% during the forecast period, with a market size of USD 32.87 million in 2024.
• The South Africa Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 31.1% during the forecast period, with a market size of USD 49.47 million in 2024. South Africa, like many other countries, is witnessing rapid IoT adoption across various sectors.
• The Turkey Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 29.6% during the forecast period, with a market size of USD 26.93 million in 2024.
• The Nigeria Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 29.2% during the forecast period, with a market size of USD 32.87 million in 2024.
• The Rest of the MEA Internet of Things IoT Security Technology market is projected to witness growth at a CAGR of 29.1% during the forecast period, with a market size of USD 36.94 million in 2024.

Internet of Things IoT Security Technology Market Analysis

Internet of Things IoT Security Technology Market Component Segment Analysis

According to Cognitive Market Research, Hardware is likely to dominate the Internet of Things IoT Security Technology Market over the forecast period. HSMs are dedicated hardware devices that provide cryptographic functions, such as key generation, digital signing, and encryption.

Software is the fastest-growing segment in the Internet of Things IoT Security Technology Market. These technologies ensure that only authorized users can access IoT devices and systems. Strong authentication methods, such as multi-factor authentication, are essential.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Internet of Things IoT Security Technology Industry. Request a Free Sample PDF!

Internet of Things IoT Security Technology Market Security Type Segment Analysis

According to Cognitive Market Research, the Network Security segment holds the largest share of the market. Network security is a critical component of IoT security. It entails safeguarding network infrastructure and data from unwanted access, cyberattacks, and security breaches. Organizations can limit the dangers connected with IoT by employing strong security measures to secure their valuable assets.

In the Internet of Things IoT Security Technology Market, Cloud Security has been expanding at a rapid pace. The IoT security market is expected to experience significant growth in the coming years, driven by increasing IoT adoption and evolving cyber threats. Key players in the market include cybersecurity vendors, network equipment providers, and cloud service providers.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Internet of Things IoT Security Technology Deployment Type Segment Analysis

Internet of Things IoT Security Technology Market Deployment Type Segment Analysis

According to Cognitive Market Research, the Cloud-Based segment holds the largest market share. Cloud-based security solutions will play a critical role in safeguarding connected devices and protecting sensitive data. By adopting a proactive and comprehensive approach to IoT security, organizations can mitigate risks and ensure the long-term success of their IoT initiatives.

In the Internet of Things IoT Security Technology market, the rapidly growing sector is the On-Premises category. On-premises IoT security solutions offer a high degree of control and customization, making them attractive to organizations with stringent security requirements and data privacy concerns. These solutions are deployed within an organization's own data center or network, providing greater visibility and control over security infrastructure.

• On-Premises
• Cloud-Based

Internet of Things IoT Security Technology Solution Segment Analysis

Internet of Things IoT Security Technology Market Solution Segment Analysis

According to Cognitive Market Research, the Encryption Solutions segment dominates the market. Encryption plays a crucial role in safeguarding IoT data. By transforming data into unreadable code, encryption ensures that even if intercepted, the data remains confidential.

Firewall Solutions is projected to be the fastest-growing segment in the Internet of Things IoT Security Technology market. Firewalls play a crucial role in IoT security by filtering network traffic and blocking unauthorized access. They can be deployed at various levels, including device level, network level, and cloud level.

• Encryption Solutions
• Identity Access Management (IAM)
• Security Analytics
• Unified Threat Management (UTM)
• Distributed Denial of Service (DDoS) Protection
• Firewall Solutions
• Intrusion Detection and Prevention Systems (IDPS)

Internet of Things IoT Security Technology Industry Vertical Segment Analysis

Internet of Things IoT Security Technology Market Industry Vertical Segment Analysis

According to Cognitive Market Research, the Manufacturing segment dominates the market. The manufacturing industry is heavily reliant on IoT devices for automation, predictive maintenance, and supply chain optimization. However, this increased connectivity also exposes manufacturers to significant security risks.

Retail is projected to be the fastest-growing segment in the Internet of Things IoT Security Technology market. The IoT Security Technology Market in Retail is crucial for safeguarding sensitive data, preventing cyberattacks, and ensuring the smooth operation of IoT-enabled retail solutions.

• Healthcare
• Manufacturing
• Retail
• Transportation & Logistics
• Energy & Utilities
• Government
• BFSI (Banking
• Financial Services
• and Insurance)
• Smart Cities
• Consumer Electronics

Internet of Things IoT Security Technology Organization Size Segment Analysis

Internet of Things IoT Security Technology Market Organization Size Segment Analysis

According to Cognitive Market Research, the Large Enterprises segment dominates the market. Large enterprises often have a vast array of IoT devices, from industrial sensors to smart office equipment. This diversity makes it difficult to implement a unified security strategy.

Small and Medium Enterprises (SMEs) are projected to be the fastest-growing segment in the Internet of Things IoT Security Technology market. SMEs can develop specialized security solutions for specific IoT verticals, such as smart agriculture or industrial IoT. Offering managed security services, including threat detection, incident response, and vulnerability assessment, can be a lucrative business model for SMEs.

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

LinkedIn

Profile

Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

Author's Conclusion