Evolving Market Trends In The IoT Security Industry: Trend Micro Launches Trend Vision One Platform To Enhance IoT Security In Hybrid Environments

The IoT Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current IoT Security Market Size and Its Estimated Growth Rate?
In the past few years, the market size for IoT security has seen exponential growth. It's projected to increase from $8.7 billion in 2024 to $11.36 billion in 2025, with a compound annual growth rate (CAGR) of 30.6%. Factors such as escalating cybersecurity threats, the surge in IoT devices, the necessity for regulatory compliance, noteworthy security breaches, and the integration with current IT infrastructure have contributed to the significant growth during the historical period.

In the forthcoming years, the IoT security market is projected to witness rapid growth. This market is anticipated to expand to $35.99 billion by 2029, with a compound annual growth rate (CAGR) of 33.4%. This growth can be ascribed to the proliferation of IoT in critical infrastructure, increasing intricacy of IoT systems, focus on zero trust security models, privacy worries and data security, and a move towards cloud-based IoT protection. Some significant trends to note during this forecast period are concerns regarding supply chain security, the necessity for incident response planning, the inclusion of security measures in the development lifecycle, quantum-proof security options, and cooperative security ecosystems.

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How Are Emerging Segments Shaping the IoT Security Market Landscape?
The IoT security market covered in this report is segmented -

1) By Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Types
2) By Component: Solution, Services
3) By Application: Healthcare And Life Sciences, Infrastructure And Cities, Industrial System And Sensors, Smart Home And Consumer, Transport And Urban Mobility

Subsegments:
1) By Network Security: Firewalls, Intrusion Detection And Prevention Systems (IDPS), Virtual Private Networks (VPNs), Network Encryption
2) By Endpoint Security: Anti-Malware Solutions, Device Authentication And Access Control, Endpoint Detection And Response (EDR)
3) By Application Security: Application Testing (Static And Dynamic), Runtime Application Self-Protection (RASP), Secure Application Development
4) By Cloud Security: Cloud Access Security Brokers (CASB), Cloud Data Encryption, Identity And Access Management (IAM) For Cloud
5) By Other Types: Identity Management And Authentication, Data Privacy And Protection Solutions, Security Analytics And Threat Intelligence

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Which Growth Factors Are Influencing IoT Security Market Expansion?
The burgeoning trend of smart cities is predicted to boost the expansion of the IoT security market. The escalating population necessitates the importance of sustainable development. Smart cities have advanced capabilities for managing heavy traffic, population control, and superior security measures for its residents. The implementation of these operations can be carried out via the deployment of IoT devices in smart cities. This involves interconnecting devices, secure data transfer, establishing a pattern, and providing a final resolution. The use of remotely connected CCTV and automated incident detection (continuous traffic monitoring using computers to detect incidents or traffic lines) enables swift response to threats. IoT-driven crowd management solutions aid in the monitoring and management of crowds in various gatherings. Smart street lighting contributes to reducing crime rates and enhancing driving conditions. This surging requirement for security in smart cities escalates investment in the IoT Security Market. For example, in June 2022, the SmartAmerica Challenge, initiated by the National Institute of Standards and Technology (NIST), a US government agency reported that city governments will dedicate $41 trillion over the subsequent 20 years to improve their infrastructure inclusive of smart city projects. Hence, the emergence of smart cities is fuelling the growth of the IoT security market.

Who Are the Dominant Players Across Different IoT Security Market Segments?
Major companies operating in the IoT security market include AT&T Inc., Huawei Technologies Co. Ltd., Siemens AG, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Verizon Enterprises Solutions LLC, HP Enterprise Company LLC, Infineon Technologies AG, Fortinet Inc., Gemalto NV, ARM Holdings plc, Check Point Software Technologies Ltd., PTC Inc., Forgerock Inc., Trustwave Holdings Inc., NSIDE Secure Inc., Allot Communications Ltd., Armis Inc., Sophos Group plc, Broadcom Inc., Wurldtech Security Inc., Centri Security Inc., SecuriThings, Mocana Corporation, Newsky Security Inc., NETCOM On-Line Communication Services Inc., Palo Alto Networks Inc., Rapid7 Inc., SimpliSafe Inc., Cradlepoint Inc., SonicWall Inc., Medigate Corporation, CyberMDX Healthcare Cybersecurity, Entrust Datacard Corporation, Microsoft Corporation, Amazon Web Services, Google LLC, Ericsson AB, Thales Group, Atos SE

What Are the Latest Developing Trends in the IoT Security Market?
Leading companies in the IoT security market are looking to get ahead by creating innovative solutions, such as Cyber security platforms. These platforms are concentrated solutions that combine security visibility, analysis, and controls across different security levels and data sources to enhance protection, scalability, and efficiency. An example of this is when Trend Micro Inc., an American IT security firm, unveiled Trend Vision One in May 2023. Trend Micro One is a cohesive cybersecurity solution designed to equip organizations to anticipate, withstand, and bounce back from threats, while enabling a more robust security team. Despite being an IoT security support platform, Trend Vision One offers extensive protection in various areas, including operational technology (OT), which covers IoT devices. The platform is supportive of hybrid environments and ensures reliable security across various points such as endpoints, servers, cloud services, and networks. It also comes with a wide array of native security sensors to protect against a diverse range of threats.

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Which Geographic Regions Are Expected to Dominate the IoT Security Market in the Coming Years?
Asia-Pacific was the largest region in the Internet of Things IoT security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global IoT security market share report during the forecast period. The regions covered in the IoT security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IoT Security Market?
2. What is the CAGR expected in the IoT Security Market?
3. What Are the Key Innovations Transforming the IoT Security Industry?
4. Which Region Is Leading the IoT Security Market?

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