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Market Size

Global IoT Security Market Size, Share, Growth, Forecast: By Component: Solutions, Services; By Deployment Mode: On-Premises, Cloud-Based; By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Others; By Organisation Size; By End User Industry; Regional Analysis; Competitive Landscape; 2024-2032

IoT Security Market Size

The global IoT security market size reached a value of more than USD 21.23 billion in 2023. The global market is expected to grow at a CAGR of 21.80% during the forecast period of 2024-2032, reaching a value of USD 125.27 billion by 2032.

 

IoT Security Market Report Snapshots

IoT Security Market Size

IoT Security Market Trends

IoT Security Market Analysis

IoT Security Companies

 

*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.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market
8    Global IoT Security Market Analysis

    8.1    Key Industry Highlights
    8.2    Global IoT Security Historical Market (2018-2023) 
    8.3    Global IoT Security Market Forecast (2024-2032)
    8.4    Global IoT Security Market by Component
        8.4.1    Solutions
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
            8.4.1.4    Breakup by Solutions Type
                8.4.1.4.1    Identity Access and Management 
                8.4.1.4.2    Data Encryption and Tokenization 
                8.4.1.4.3    Device Management 
                8.4.1.4.4    Security analytics 
                8.4.1.4.5    Unified Threat Management (UTM) 
                8.4.1.4.6    Others
        8.4.2    Services
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
            8.4.2.4    Breakup by Services Type
                8.4.2.4.1    Professional 
                8.4.2.4.2    Managed Security Services
    8.5    Global IoT Security Market by Deployment Mode
        8.5.1    On-Premises
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Cloud-Based
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
    8.6    Global IoT Security Market by Security Type
        8.6.1    Network Security
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Endpoint Security
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Application Security
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Cloud Security
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global IoT Security Market by Organisation Size
        8.7.1    Small and Medium Sized Enterprises
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Large Enterprises
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
    8.8    Global IoT Security Market by End User Industry
        8.8.1    Manufacturing 
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2023)
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    IT and Telecommunication 
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023)
            8.8.2.3    Forecast Trend (2024-2032)
        8.8.3    BFSI 
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2023)
            8.8.3.3    Forecast Trend (2024-2032)
        8.8.4    Government and Defense 
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2023)
            8.8.4.3    Forecast Trend (2024-2032)
        8.8.5    Transportation and Automotive 
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2023)
            8.8.5.3    Forecast Trend (2024-2032)
        8.8.6    Energy and Utilities 
            8.8.6.1    Market Share
            8.8.6.2    Historical Trend (2018-2023)
            8.8.6.3    Forecast Trend (2024-2032)
        8.8.7    Healthcare 
            8.8.7.1    Market Share
            8.8.7.2    Historical Trend (2018-2023)
            8.8.7.3    Forecast Trend (2024-2032)
        8.8.8    Others
    8.9    Global IoT Security Market by Region
        8.9.1    North America
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2023) 
            8.9.1.3    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2023) 
            8.9.2.3    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2023) 
            8.9.3.3    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Market Share
            8.9.4.2    Historical Trend (2018-2023) 
            8.9.4.3    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Market Share
            8.9.5.2    Historical Trend (2018-2023) 
            8.9.5.3    Forecast Trend (2024-2032)
9    North America IoT Security Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe IoT Security Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific IoT Security Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America IoT Security Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa IoT Security Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Microsoft Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Optiv Security Inc. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Intel Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Cisco System Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Palo Alto Networks
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Fortinet, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    IBM Corporation
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global IoT Security Market: Key Industry Highlights, 2018 and 2032
2.    Global IoT Security Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global IoT Security Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global IoT Security Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
5.    Global IoT Security Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
6.    Global IoT Security Historical Market: Breakup by Security Type (USD Billion), 2018-2023
7.    Global IoT Security Market Forecast: Breakup by Security Type (USD Billion), 2024-2032
8.    Global IoT Security Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
9.    Global IoT Security Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
10.    Global IoT Security Historical Market: Breakup by End-User Industry (USD Billion), 2018-2023
11.    Global IoT Security Market Forecast: Breakup by End-User Industry (USD Billion), 2024-2032
12.    Global IoT Security Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global IoT Security Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa IoT Security Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa IoT Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global IoT Security Market Structure.

Key Questions Answered in the Report

In 2023, the global market for IoT security reached a size of USD 21.23 billion in 2023.

The market is expected to grow at a CAGR of 21.80% during the forecast period of 2024-2032.

The market is expected to reach a value of USD 125.27 billion by 2032.

The market growth is driven by the growing penetration of technology and high-speed network, and as the network expands the demand for IoT security services will surge.

The growing development of blockchain can provide new development opportunities to the market and the implementation of advanced technologies such as artificial intelligence, and machine learning can significantly improve the market.

The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The components available in the market include solutions and services.

The deployment modes in the market include on-premises and cloud-based.

The security types in the market include network security, endpoint security, application security, and cloud security, among others.

The different organization sizes operating in the market include small and medium-sized enterprises and large enterprises.

The end-user industries that utilise IoT security solutions include manufacturing, IT and telecommunication, BFSI, government and defence, transportation and automotive, healthcare, energy and utilities, among others.

The key players in the market include Microsoft Corporation, Optiv Security Inc., Intel Corporation, Cisco System Inc., Palo Alto Networks, Fortinet, Inc., and IBM Corporation, among others.

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