Global IOT Security Market

IoT Security Market Size, Share, Growth Analysis, By Product Type(Device Authentication & Management, Identity Access & Management, Intrusion Detection System & Intrusion Prevention System, Data Encryption & Tokenization), By Security Type(Network Security, Endpoint Security, Application Security, Cloud Security), By Industry Vertical(Manufacturing, Retail & E-Commerce, Government & Defense, Transportation & Logistics), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45A2155 | Region: Global | Published Date: June, 2024
Pages: 157 | Tables: 133 | Figures: 77

IoT Security Market Regional Insights

North America is the leading global market for IoT security due to advanced technological infrastructure, wide usage of IoT gadgets and substantial investments into cyber defense. The region boasts esteemed tech firms that contribute to creativity and development of perfect IoT protections. There is a growth within the market due to regulations made by the government that aim at providing online protection and requirements being stricter at the same time. The adoption of healthcare that is connected, smart cities and industrial IoT in North America is increasingly creating an interest towards IoT security suites which provide a comprehensive shield for essential infrastructure and sensitive information against rapidly changing cyber malpractices.

The rapid growth in the global IoT security market is taking place in the Asia Pacific region due to increasing urbanization, technological advancements, as well as the proliferation of IoT devices in manufacturing, healthcare and smart cities among other sectors. There is a high need for advanced IoT security solutions since more resources are devoted towards digital transformation accompanied by huge amounts invested by both the private and public sectors. Organizations are also forced to improve their security frameworks due to the rise in cybersecurity threats and the implementation of stricter regulatory criteria. The market is growing in this dynamic region due in part to the presence of major competitors in the market and growing awareness of the need of IoT security.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global IoT Security Market size was valued at USD 11.7 Billion in 2022 poised to grow from USD 14.39 Billion in 2023 to USD 43.11 Billion by 2031, growing at a CAGR of 29.8% in the forecast period (2024-2031).

The market's competitive environment has also been thoroughly analysed in the IoT security market research report. Additionally, comprehensive profiles of all significant businesses are available. Among the leading companies in the IoT security sector are Armis Inc. and Allot Ltd. Prominent industry participants are consistently developing and enhancing all-encompassing security remedies to counter new risks affecting IoT networks. These companies provide efficient threat detection, prevention, and response capabilities by utilising cutting-edge technology like blockchain, artificial intelligence (AI), and machine learning (ML). 'Cisco Systems Inc. (US)', 'IBM Corporation (US)', 'Intel Corporation (US)', 'Thales Group (France)', 'Forgerock (US)', 'Infineon Technologies AG (Germany)', 'Mocana Corporation (US)', 'NortonLifeLock Inc. (US)', 'Allot Ltd. (Israel)', 'Fortinet, Inc. (US)', 'New Sky Internet Limited (Hong Kong)', 'Allot (Israel)', 'Infenion (Germany)', 'Atos (France)'

Hackers are targeting Internet of Things (IoT) devices and taking advantage of well-known flaws including password defaults, username defaults, and static code backdoors. All industries are adopting automation in the modern environment through loT integration. Early adopters of the Internet of Things, essential infrastructures like water, power, and other resources are currently automating.

Revolutionizing IoT Security with Decentralized Ledger Technology: Advanced security solutions rely on blockchain technology, a decentralized distributed ledger. Instead of communicating via centralized networks, linked objects can now directly share information thanks to blockchain applications in the ecosystem. These connections lessen the vulnerability of Internet of Things devices or networks to cyberattacks.

North America is the leading global market for IoT security due to advanced technological infrastructure, wide usage of IoT gadgets and substantial investments into cyber defense. The region boasts esteemed tech firms that contribute to creativity and development of perfect IoT protections. There is a growth within the market due to regulations made by the government that aim at providing online protection and requirements being stricter at the same time. The adoption of healthcare that is connected, smart cities and industrial IoT in North America is increasingly creating an interest towards IoT security suites which provide a comprehensive shield for essential infrastructure and sensitive information against rapidly changing cyber malpractices.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global IOT Security Market

Report ID: SQMIG45A2155

$5,300
BUY NOW GET FREE SAMPLE