Key Trends Reshaping the IoT Security Market: Trend Micro Launches Trend Vision One Platform To Enhance IoT Security In Hybrid Environments Industry Transformation

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IoT Security Market Size Growth Forecast: What to Expect by 2025?
The size of the iot security market has seen substantial growth in the past few years. The market is projected to expand from a valuation of $8.7 billion in 2024 to reach $11.22 billion in 2025, with a compound annual growth rate (CAGR) of 29.0%. This growth during the past period can be attributed to factors such as the escalation of cybersecurity threats, the rise in the number of IoT devices, the need for regulatory compliance, high-profile security breaches, and integration with current IT infrastructure.

How Will the IoT Security Market Size Evolve and Grow by 2029?
Expectations are high for an exponential growth in the size of the iot security market in the coming years. The market is predicted to reach a value of $34.29 billion by 2029, with a compound annual growth rate (CAGR) of 32.2%. This predicted growth during the forecast period is largely due to the expansion of IoT in critical infrastructure, the increasing complexity of IoT ecosystems, an emphasison zero trust security models, and concerns about privacy and data protection, alongside a shift towards cloud-based IoT security. Key trends during this period are expected to include concerns regarding supply chain security, plans for incident response, the integration of security into the development lifecycle, the emergence of quantum-safe security solutions, and the development of collaborative security ecosystems.

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What Drivers Are Propelling the Growth of IoT Security Market Forward?
The anticipated growth of the IoT security market is driven by the emergence of the smart cities. As the global population expands, sustainable development becomes more crucial. Smart cities have the capacity to manage high traffic volumes, population regulation, and provide enhanced security for residents. To achieve this, IoT Devices can be integrated into the smart city infrastructure, establishing inter-device connections and securely exchanging data to formulate final solutions. The ability to remotely connect to CCTV systems and apply automated incident detection-using computer systems to monitor traffic conditions and detect incidents or traffic queues-enables faster threat response. IoT-driven crowd management solutions assist in monitoring and managing large groups at various events. Furthermore, smart street lighting contributes to reducing crime rates and enhancing driving conditions, increasing the need for security in smart cities and thereby the investment in the IoT Security Market. For example, the SmartAmerica Challenge, an initiative by National Institute of Standards and Technology (NIST), a US government agency, reported in June 2022 that city governments are expected to invest $41 trillion over the next two decades to improve infrastructure including those that incorporate smart city projects. Therefore, the emerging trend of smart cities serves as a primary catalyst for the IoT security market's success.

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Which Emerging Trends Are Transforming the IoT Security Market in 2025?
Leading firms in the IoT security market are striving to gain a competitive edge by launching innovative solutions such as Cyber security platforms. These platforms serve as a centralized solution that enhances security visibility, control, and analysis across a variety of security layers and data sources, thereby improving protection, scalability, and performance. For example, Trend Micro Inc., a US-based IT security firm, released Trend Vision One in May 2023. This is a unified cybersecurity platform devised to aid organizations to anticipate, resist, and recover quickly from threats, with a more potent security team at the helm. Trend Vision One, which also supports IoT security, offers all-encompassing protection across diverse domains, consisting of operational technology (OT) that covers IoT devices. It provides strong security across multiple environments like endpoints, servers, cloud services, and networks with its extensive suite of native security sensors, providing robust protection against a wide variety of threats.

What Are the Key Segments in the IoT Security Market?
The iot securitymarket 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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Who Are the Key Players Shaping the IoT Security Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the IoT Security Market?
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.

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