The Asia Pacific IoT market reached around USD 1.82 Billion in 2025. The market is projected to grow at a CAGR of 27.60% between 2026 and 2035 to reach nearly USD 20.82 Billion by 2035.
Base Year
Historical Period
Forecast Period
According to McKinsey's 2021 Personal Finance Survey, the proportion of consumers in Asia engaging with digital banking surged to 88% in 2022, a significant increase from 65% four years prior.
In 2022, the Asia Pacific experienced the highest number of cyberattacks, representing 31% of the total attacks worldwide.
The Asia Pacific is positioned to lead the anticipated $81.5 billion Web 3.0 market by the year 2030.
Compound Annual Growth Rate
27.6%
Value in USD Billion
2026-2035
*this image is indicative*
| Asia Pacific IoT Security Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 1.82 |
| Market Size 2035 | USD Billion | 20.82 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 27.60% |
| CAGR 2026-2035 - Market by Country | China | 28.2% |
| CAGR 2026-2035 - Market by Country | Australia | 25.9% |
| CAGR 2026-2035 - Market by Deployment Mode | Cloud | 29.2% |
| CAGR 2026-2035 - Market by Organization Size | Small and Medium Enterprise (SMEs) | 28.1% |
| 2025 Market Share by Country | Australia | 6.7% |
The Asia Pacific is witnessing a significant surge in cyberattacks relative to other regions worldwide. An IBM report indicates that in 2022, the Asia Pacific was the most targeted area, accounting for 31% of global cyberattacks. Furthermore, a survey conducted by Cloudflare in July 2023, which included over 4,000 cybersecurity professionals from countries such as Australia, China, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam, among others, revealed that 78% of respondents had encountered at least one cybersecurity incident within the past year.
The proliferation of Internet of things (IoT) devices has transformed the way people interact with technology, leading to increased connectivity and convenience in daily lives. As more devices become interconnected, the potential attack surface for cybercriminals expands, making it easier for them to exploit vulnerabilities in IoT networks.
In the BFSI sector, the security of Internet of Things IoT devices is essential for protecting the expanding network of interconnected devices and safeguarding sensitive financial information and operations. Over 40 of the largest 100 banks globally, ranked by assets, are located in Asia, representing nearly 50% of the market capitalisation of these top banks. Additionally, for the past decade, Asia has maintained its position as the largest regional banking market worldwide. As IoT devices become increasingly integrated into financial processes, including ATMs, mobile payment systems, and contactless payment solutions, the importance of IoT security escalates to defend these transactions against fraud, data breaches, and cyber threats is increasing. Implementing secure encryption, robust authentication, and continuous monitoring is crucial to maintaining the integrity of financial transactions.
Increasing adoption of IoT devices, rise in cyberattacks, strict regulatory compliance, technological advancements, and growing e-commerce and online sales are the major trends impacting the Asia Pacific IoT security market growth.
With the rising proliferation of IoT devices, there is a corresponding increase in cyber threats aimed at these systems. The growing frequency of data breaches and malware incidents has intensified the demand for effective IoT security solutions.
Governments across the Asia Pacific region are implementing rigorous regulations, including the Malaysia Cyber Security Act 2024, the Chinese Cybersecurity Law, and the Digital Personal Data Protection Act of 2023 (DPDPA), among others, which pertain to data protection and cybersecurity. This development requires companies to adopt improved security measures for Internet of Things (IoT) devices.
Ongoing progress in artificial intelligence and machine learning is facilitating the development of more advanced IoT security solutions, which are increasingly proficient in detecting and addressing potential threats.
The growth of e-commerce and digital services throughout the Asia Pacific region has led to a heightened utilisation of IoT in logistics, supply chains, and payment systems, thereby intensifying the need for improved IoT security.
The swift expansion of interconnected devices in sectors like manufacturing, healthcare, and transportation is increasing the need for strong security measures to safeguard sensitive information and maintain the integrity of networks.
The rapid proliferation of interconnected devices across various sectors, including BFSI, government, manufacturing, healthcare, and transportation, is significantly driving the demand for robust security measures. As these sectors increasingly rely on the Internet of things (IoT) and smart technologies to enhance efficiency, streamline operations, and improve service delivery, the volume of sensitive information being transmitted and processed has surged, consequently driving the demand for IoT security solutions.
Asia Pacific IoT Security Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
Market Breakup by Deployment Mode
Market Breakup by Organisation Size
Market Breakup by Security
Market Breakup by Industry Vertical
Market Breakup by Country
| CAGR 2026-2035 - Market by | Country |
| China | 28.2% |
| Australia | 25.9% |
| Japan | XX% |
| India | 28.4% |
| ASEAN | XX% |
| Others | XX% |
Based on the deployment mode, the market is segmented into on-premises and cloud. The cloud segment is projected to grow at a CAGR of 29.2% during the forecast period of 2026-2035. Security for cloud IoT encompasses the protection of Internet of things devices and their associated data within cloud environments. As IoT devices become increasingly integrated with cloud computing, it is essential to implement strong security protocols to defend against a range of potential threats and vulnerabilities.
Major players are focusing on the adoption of artificial intelligence and machine learning to gain a competitive edge in the market.
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market attained a value of nearly USD 1.82 Billion.
The market is assessed to grow at a CAGR of 27.60% between 2026 and 2035.
The market is estimated to reach around USD 20.82 Billion by 2035.
The market is being driven by the rising adoption of IoT devices and strict regulatory compliance to ensure protection against cyber threats.
The key trends aiding the market expansion include the integration of artificial intelligence and machine learning into IoT security solutions and the rising incidence of cyberattacks.
The major industry verticals in the market are BFSI, government, healthcare and life sciences, energy and power, and manufacturing, among others.
The major countries considered in the market are China, Japan, India, ASEAN, and Australia.
The major players in the market are IBM Corporation, Cisco Systems Inc., Broadcom Inc., Intel Corp., HP Inc., Trend Micro Inc., AT&T Inc., Infineon Technologies AG, Palo Alto Networks Inc., Thales S.A. (Gemalto), and Sophos Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
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| Breakup by Offering |
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| Breakup by Deployment Mode |
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| Breakup by Organisation Size |
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| Breakup by Security |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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