Global IoT Security Market Size Study & Forecast, by Component, Security Type, End-use, and Regional Forecasts 2025-2035

The Global IoT Security Market is valued approximately at USD 35.5 billion in 2024 and is poised to soar at a CAGR of 26.8% over the forecast period 2025-2035. As enterprises continue to weave the Internet of Things into the fabric of their digital ecosystems, the urgency for robust and scalable cybersecurity frameworks has grown exponentially. IoT devices, while enhancing operational agility and real-time data capabilities, have significantly broadened the attack surface, making networks more vulnerable than ever. This vulnerability has pushed organizations to reevaluate legacy security postures and adopt advanced, intelligent, and adaptive IoT security infrastructures that can protect data, identity, devices, and systems in highly interconnected environments.

The surging integration of IoT across industries-ranging from healthcare and manufacturing to transportation and smart cities-has brought forth new challenges and equally promising opportunities. Cybercriminals have increasingly targeted unsecured IoT devices to launch DDoS attacks, compromise critical infrastructure, and exfiltrate sensitive data. This growing threat landscape is compelling stakeholders to invest in endpoint detection, real-time monitoring, network segmentation, and AI-powered anomaly detection. Moreover, stringent regulatory landscapes such as GDPR, HIPAA, and evolving national cyber-defense mandates are accelerating the development and deployment of tailored IoT security solutions and managed services.

From a geographical standpoint, North America commands a dominant position in the global IoT security market, driven by mature digital infrastructure, high adoption of smart technologies, and proactive regulatory frameworks. The U.S. continues to lead, owing to the presence of major IoT solution providers and robust investment in security R&D. Europe remains a close contender, largely bolstered by data sovereignty laws and increasing enterprise-grade IoT deployments. Meanwhile, the Asia Pacific region is anticipated to witness the most aggressive growth, propelled by rapid urbanization, government-led smart initiatives, and rising awareness among enterprises in countries such as China, Japan, and India. Latin America and the Middle East & Africa are also showing steady momentum as they digitize public services and utilities.

Major market players included in this report are:

• Cisco Systems, Inc.
• IBM Corporation
• Microsoft Corporation
• Palo Alto Networks, Inc.
• Fortinet, Inc.
• Intel Corporation
• Broadcom Inc.
• Kaspersky Lab
• Trend Micro Inc.
• Infineon Technologies AG
• McAfee Corp.
• RSA Security LLC
• NortonLifeLock Inc.
• Thales Group
• AT&T Inc.

Global IoT Security Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Component:

• Solutions
• Services

By Security Type:

• Network Security
• Cloud Security

By End-Use:

• Smart Home
• Smart Manufacturing
• Smart Healthcare
• Smart Transportation
• Smart Retail
• Others

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.