IoT Security Market is expected to reach US$ 113.76 billion by 2033 | Top key players - Microsoft, Amazon Web Services, Inc., Google

Market Size and Growth:

The Global IoT Security Market Size reached US$ 24.44 billion in 2023, with a rise to US$ 28.12 billion in 2024, and is expected to reach US$ 113.76 billion by 2033, growing at a CAGR of 16.8% during the forecast period 2025-2033. The Market is growing due to the rapid expansion of connected devices and rising cyber threats, driving the need for advanced security solutions to protect data and networks. According to DataM Intelligence Report.

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The IoT Security Market refers to technologies, solutions, and services designed to protect internet-connected devices, networks, and data from cyber threats. It includes identity management, encryption, device authentication, intrusion detection, and secure communication tools. As IoT adoption rises across industries, this market ensures safe operations, prevents unauthorized access, and safeguards sensitive information across connected ecosystems.

United States: Recent Developments of IoT Security Market

✅ In September 2025, the U.S. government introduced the Cyber Trust Mark program by the Federal Communications Commission to establish a cybersecurity seal of approval for IoT devices, aiming to enhance device security standards.​

✅ In October 2025, federal initiatives led by NIST provided updated frameworks for securing connected IoT ecosystems, responding to sophisticated cyber threats targeting U.S. technology infrastructure.​

✅ In November 2025, AI-driven threat detection frameworks from companies like Cisco and Palo Alto Networks were deployed in smart city projects across California and New York, reducing cyber incident response times by nearly 30%.

Japan: Recent Developments of IoT Security Market

✅ In September 2025, the JC-STAR IoT product security labeling scheme saw steadily increasing certifications, with expectations of over 200 applications by the fiscal year-end to raise baseline IoT security levels.​

✅ In October 2025, discussions at the ETSI Security Conference highlighted METI's efforts through JC-STAR for tiered IoT security aligned with international standards, focusing on industrial sectors.​

✅ In November 2025, the cybersecurity market growth emphasized investments in AI-driven threat detection and edge security solutions for IoT ecosystems amid rapid digital transformation in manufacturing and healthcare.​

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Major Players:

Key companies in the IoT Security market include:

Microsoft
Amazon Web Services, Inc.
Google
IBM
Cisco Systems, Inc.
Fortinet, Inc.
Palo Alto Networks, Inc.
Armis Inc
Thales
Allot.

Market Growth Drivers:

Proliferation of IoT Devices:

✅ Exponential growth in IoT connections, projected to exceed 25 billion by end of 2025, heightens vulnerability across sectors like healthcare, manufacturing, and smart cities. This surge demands scalable security for diverse ecosystems.​

Rising Cyber Threats:

✅ Increasing IoT-targeted attacks, including ransomware, DDoS, and phishing, amplify risks to data and infrastructure. Awareness of these vulnerabilities drives investment in advanced defenses like AI-driven detection.​

Regulatory Mandates:

✅ Stricter data protection laws and compliance standards in regions like North America, Europe, and Asia Pacific compel robust IoT security adoption. Government initiatives for smart infrastructure further accelerate this trend.​

Segments Covered in the IoT Security Market:

By Offering: Solutions, Services.

By Deployment: Cloud-based, On-premises.

By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Others.

By Organization Size: Large Enterprises, SME's.

By End-User: Healthcare, Automotive, Manufacturing, Energy & Utilities, Consumer Electronics, Others.

Regional Analysis for IoT Security Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, IoT Security market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global IoT Security Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global IoT Security market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the IoT Security Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of IoT Security market?

➠ Who are the global key manufacturers of the IoT Security Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the IoT Security market opportunities and threats faced by the vendors in the global IoT Security Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the IoT Security market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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