Internet of Things (IoT) Security Market Key Players and Opportunities by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Internet of Things (IoT) Security Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Network, Endpoint, Cloud, Application Security, and Others), Solution (Threat Analysis, Identity Access Management, Data Loss Protection, Encryption, Dispatch & Incident Response, Distributed Denial of Service Protection, and Others), Application (Smart Home, Connected Car, Information & Communication Technology, Smart Factories, BFSI, Smart Retail, Smart Healthcare, Smart Transportation, Wearable, and Others), and Geography

  • Report Date : Aug 2025
  • Report Code : TIPTE100000288
  • Category : Technology, Media and Telecommunications
  • Status : Data Released
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Internet of Things (IoT) Security market is expected to reach US$ 106.4 billion by 2031 from US$ 28.3 billion in 2024; it is expected to record a CAGR of 20.8% during the forecast period. Growing concerns about security for critical infrastructure and the growth of smart cities are fueling the IoT security market growth.

Internet of Things (IoT) Security Market Analysis

Several key factors drive the Internet of Things (IoT) Security market. A number of factors are driving this growth. One of them is an increase in Industry 4.0 IOT security incidents that highlight the need for increased cyber resilience. These IOT vulnerabilities give hackers new avenues to exploit, an increase in IOT security regulations, and an increase in security concerns for critical infrastructure.

Internet of Things (IoT) Security Market Overview

Securing IoT devices and networks against data theft and data distortion by hackers is known as IoT (Internet of Things) security. The need to protect the future of internet-connected devices by robustly installing necessary/next-generation security measures, enhancing transparency, and granting users the option to deny data gathering is one of the key reasons driving the market over the projection period.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Internet of Things (IoT) Security Market: Strategic Insights

iot-security-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Internet of Things (IoT) Security Market Drivers and Opportunities

Growing Concerns of Security for Critical Infrastructure to Favor Market

Hackers are concentrating on Internet of Things (IoT) devices and taking advantage of well-known flaws like passwords, default usernames, and static code backdoors. All industries are embracing automation in the modern world through IOT integration. Early adopters of the Internet of Things, essential infrastructures like water, power, and other resources are currently automating.

Automation increases operating efficiency significantly, but it also leaves systems vulnerable to cyberattacks. Growing systemic vulnerability has emerged as the world's top concern for governments. A nuclear reactor's controls represent a serious risk to both human life and property in the event that they are intentionally or maliciously tampered with.

Increasing IoT Applications in 5G Networks

Multi-access Edge Computing (MEC) and 5G's low latency assist in optimizing output in a loT-enabled smart factory. The ICT sector is adopting IOT services and applications more quickly because of 5G technology. In large-scale distant locations like mines and connected vehicles, 5G is anticipated to open up new use cases in remote monitoring, visual inspection, and autonomous operations.

Internet of Things (IoT) Security Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Internet of Things (IoT) Security market analysis are type, solution, and application.

  • Based on type, the Internet of Things (IoT) security market is divided into network, endpoint, cloud, application security, and others. The cloud segment is anticipated to grow in the forecast period.
  • By solution, the market is segmented into threat analysis, identity access management, data loss protection, encryption, dispatch & incident response, distributed denial of service protection, and others. The identity access management segment is anticipated to grow in the forecast period.
  • Based on application, the Internet of Things (IoT) security market is divided into smart homes, connected cars, information & communication technology, smart factories, BFSI, smart retail, smart healthcare, smart transportation, wearable, and others. The information and communication technologies segment is anticipated to grow in the forecast period.

Internet of Things (IoT) Security Market Share Analysis by Geography

The geographic scope of the Internet of Things (IoT) security market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the Internet of Things (IoT) security market. High technology adoption trends in various industries in the North American region have fuelled the growth of the Internet of Things (IoT) security market. Factors such as increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American Internet of Things (IoT) security market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has many Internet of Things (IoT) security market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the Internet of Things (IoT) security market.

Internet of Things (IoT) Security Market Regional Insights

The regional trends and factors influencing the Internet of Things (IoT) Security Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Internet of Things (IoT) Security Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

iot-security-market-global-geography
  • Get the Regional Specific Data for Internet of Things (IoT) Security Market

Internet of Things (IoT) Security Market Report Scope

Report Attribute Details
Market size in 2024 US$ 28.3 Billion
Market Size by 2031 US$ 106.4 Billion
Global CAGR (2025 - 2031) 20.8%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Network
  • Endpoint
  • Cloud
  • Application Security
By Solution
  • Threat Analysis
  • Identity Access Management
  • Data Loss Protection
  • Encryption
  • Dispatch & Incident Response
  • Distributed Denial of Service Protection
By Application
  • Smart Home
  • Connected Car
  • Information & Communication Technology
  • Smart Factories
  • BFSI
  • Smart Retail
  • Smart Healthcare
  • Smart Transportation
  • Wearable
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • IBM Corporation
  • Microsoft
  • Amazon Web Services
  • Google
  • Intel
  • Cisco
  • Ericsson
  • Thales
  • Allot
  • Infineon

  • Internet of Things (IoT) Security Market Players Density: Understanding Its Impact on Business Dynamics

    The Internet of Things (IoT) Security Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Internet of Things (IoT) Security Market are:

    1. IBM Corporation
    2. Microsoft
    3. Amazon Web Services
    4. Google
    5. Intel
    6. Cisco

    Disclaimer: The companies listed above are not ranked in any particular order.


    iot-security-market-cagr

    • Get the Internet of Things (IoT) Security Market top key players overview

    Internet of Things (IoT) Security Market News and Recent Developments

    The Internet of Things (IoT) Security market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

    • In March 2024, - Nozomi Networks Inc., the leader in OT and IoT security, announced it extended its partnership with Yokogawa Electric Corporation to address global demand for managed security services and solutions designed to holistically satisfy the unique OT and IoT cybersecurity requirements of process manufacturers. Yokogawa will offer Nozomi Networks' advanced solutions for OT and IoT visibility, network monitoring, and threat detection to customers worldwide as part of Yokogawa's OpreX Managed Services.  Yokogawa will also resell standalone solutions from Nozomi Networks to customers who manage their security programs in-house.

    (Source: Nozomi Networks Inc, Press Release, 2024)

    Internet of Things (IoT) Security Market Report Coverage and Deliverables

    The " Internet of Things (IoT) Security Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter's Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments.
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
    • Detailed company profiles

    Frequently Asked Questions

    What is the estimated market size for the global Internet of Things (IoT) Security market in 2023?

    The global Internet of Things (IoT) Security market was estimated to be US$ 28.3 billion in 2024 and is expected to grow at a CAGR of 20.8% during the forecast period 2024 - 2031.

    What is the driving factor impacting the global Internet of Things (IoT) security market?

    Growing concerns about security for critical infrastructure is the major factor that propels the global Internet of Things (IoT) security market growth.

    What are the opportunities of the global Internet of Things (IoT) security market?

    Increasing IoT applications in 5g networks are impacting IoT security, which is anticipated to play a significant role in the global Internet of Things (IoT) security market in the coming years.

    What will be the market size for the global Internet of Things (IoT) security market by 2031?

    The global Internet of Things (IoT) security market is expected to reach US$ 106.40 billion by 2031.

    Which are the key players holding the major market share of the Internet of Things (IoT) security market?

    The key players holding majority shares in the global Internet of Things (IoT) security market are IBM Corporation, Microsoft, Amazon Web Services, Google, Intel Cisco, Ericsson, Thales, Allot, and Infineon.

    Ankita Mittal
    Ankita Mittal
    Manager,
    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo