Global IoT Security market is expected to grow at a robust pace of around 17% until 2027 due to the growing demand for cloud-based services for authentication process and increasing number of malware attacks on IoT devices. Increasing expenditure by the major vendors operating in the industry on Internet of Things and enhancements is anticipated to positively impact the growth of market over the next few years. Acquisitions and product launches are likely to offer lucrative market opportunities for market players during the forecast period. Moreover, increasing government efforts to implement stringent regulations for restricting the amount of data collected by IoT devices and increasing use of 3G and 4G long-term evolution as well as wireless networks and technologies is expected to stimulate the global IoT security market.

However, absence of standardization for IoT devices and lack of awareness of security risks is negatively impacting the market growth. With heterogenous IoT networks and protocols, it becomes challenging for devices connected in one IoT system to communicate with other devices in the system.

The global IoT security market is segmented based on component, deployment, enterprise, security type, application, and region. Based on component, the market can be categorized into Solutions and services. The Solutions segment is expected to dominate the market over the next few years due rise in the adoption of this IoT security solutions among various enterprises.


Click here to download the sample

Based on application, the market can be fragmented into smart manufacturing, smart energy & utilities, connected logistics, connected healthcare, smart retail, connected healthcare, smart home & consumer electronics, smart transportation and smart government & defense segments. Among these application segments, the smart manufacturing segment accounted for the largest market share of 21.77% in 2021 owing to increasing number of IoT devices coupled with rising security and privacy requirements of such devices. Based on deployment, the market is categorized into Cloud and On-premises segments, with the Cloud segment accounting for a majority market share of 12.19% in 2021.

Regionally, the global IoT security market is dominated by North America, followed by Europe, APAC, MEA and South America, and same market trend is expected to continue in the coming years. North America is the largest contributing region in the global IoT security market with more than one-third of the global market share in 2019 owing to the rise in cyber-attacks and boom in the region’s IoT sector are making IoT more crucial than ever and are anticipated to fuel the IoT security market in the US, Canada and Mexico during the forecast period. However, backed by growth of IoT connectivity in China, Japan, India, and Australia coupled with increasing internet penetration and rising number of cyber-attacks in Asia-Pacific, the region is anticipated to witness fastest growth in the global IoT security market during forecast period due to high adoption of IoT hardware, increasing the need for efficient security.

The major players operating in the IoT Security market are Broadcom Corporation, Cisco Systems Inc., Fortinet Inc., Gemalto NV, IBM Corporation, Infineon Technologies AG, Intel Corporation, Palo Alto Networks Inc, SecuriThings, Inc, Trend Micro Incorporated, Symantec Corporation, TrustWave Holdings, Inc and others. 

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

 

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Segments covered

·         Component

·         Deployment

·         Enterprise

·         Security Type

·         Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, Vietnam, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia

Key companies profiled

Broadcom Corporation, Cisco Systems Inc., Fortinet Inc., Gemalto NV, IBM Corporation, Infineon Technologies AG, Intel Corporation, Palo Alto Networks Inc, SecuriThings, Inc, Trend Micro Incorporated, Symantec Corporation, TrustWave Holdings, Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global IoT security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • IoT Security Market, By Component:
    • Solution
    • Services
  • IoT Security Market, By Deployment:
    • Cloud
    • On-premises
  • IoT Security Market, By Enterprise:
    • SME
    • Large Enterprise
  • IoT Security Market, By Security Type:
    • Network Security
    • End-point Security
    • Application Security
    • Cloud Security
    • Others (Email Security, Content Security and Web Security)
  • IoT Security Market, By Application:
    • Smart Manufacturing
    • Smart Energy & Utilities
    • Connected Logistics
    • Smart Home & Consumer Electronics
    • Connected Healthcare
    • Smart Government & Defense
    • Smart Transportation
    • Smart Retail
  • IoT Security Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • Vietnam
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global IoT security market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       IoT Security: Product Overview

2.       Research Methodology

3.       Impact of COVID-19 on Global IoT Security Market

4.       Executive Summary

5.       Voice of Customer

6.       Global IoT Security Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value

6.2.    Market Share & Forecast

6.2.1.By Component (Solution, Service)

6.2.2.By Deployment (On-Premise, Cloud)

6.2.3.By Enterprise (SME, Larger Enterprise)

6.2.4.By Region (North America, Europe, APAC, MEA, South America)

6.2.5.By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others)

6.2.6.By Application (Smart Manufacturing, Connected Logistics, Connected Healthcare, Smart Energy & Utilities, Smart Retail, Smart Government & Defense, Smart Home & Consumer Electronics, Smart Transportation)

6.2.7.By Company (2019)

6.3.    Product Market Map

7.       North America IoT Security Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Component

7.2.2.By Deployment Type

7.2.3.By Enterprise

7.2.4.By Country

7.2.5.By Security Type

7.2.6.By Application

7.3.   North America: Country Analysis

7.3.1.       United States IoT Security Market Outlook

7.3.1.1.              Market Size & Forecast

7.3.1.1.1.                    By Value

7.3.1.2.              Market Share & Forecast

7.3.1.2.1.                    By Component

7.3.1.2.2.                    By Deployment Type

7.3.1.2.3.                    By Enterprise

7.3.1.2.4.                    By Security Type

7.3.1.2.5.                    By Application

7.3.2.       Canada IoT Security Market Outlook

7.3.2.1.              Market Size & Forecast

7.3.2.1.1.                    By Value

7.3.2.2.              Market Share & Forecast

7.3.2.2.1.                    By Component

7.3.2.2.2.                    By Deployment Type

7.3.2.2.3.                    By Enterprise

7.3.2.2.4.                    By Security Type

7.3.2.2.5.                    By Application

7.3.3.       Mexico IoT Security Market Outlook

7.3.3.1.              Market Size & Forecast

7.3.3.1.1.                    By Value

7.3.3.2.              Market Share & Forecast

7.3.3.2.1.                    By Component

7.3.3.2.2.                    By Deployment Type

7.3.3.2.3.                    By Enterprise

7.3.3.2.4.                    By Security Type

7.3.3.2.5.                    By Application

8.       Europe IoT Security Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Component

8.2.2.By Deployment Type

8.2.3.By Enterprise

8.2.4.By Country

8.2.5.By Security Type

8.2.6.By Application

8.3.   Europe: Country Analysis

8.3.1.       United Kingdom IoT Security Market Outlook

8.3.1.1.              Market Size & Forecast

8.3.1.1.1.                    By Value

8.3.1.2.              Market Share & Forecast

8.3.1.2.1.                    By Component

8.3.1.2.2.                    By Deployment Type

8.3.1.2.3.                    By Enterprise

8.3.1.2.4.                    By Security Type

8.3.1.2.5.                    By Application

8.3.2.       Germany IoT Security Market Outlook

8.3.2.1.              Market Size & Forecast

8.3.2.1.1.                    By Value

8.3.2.2.              Market Share & Forecast

8.3.2.2.1.                    By Component

8.3.2.2.2.                    By Deployment Type

8.3.2.2.3.                    By Enterprise

8.3.2.2.4.                    By Security Type

8.3.2.2.5.                    By Application

8.3.3.       France IoT Security Market Outlook

8.3.3.1.              Market Size & Forecast

8.3.3.1.1.                    By Value

8.3.3.2.              Market Share & Forecast

8.3.3.2.1.                    By Component

8.3.3.2.2.                    By Deployment Type

8.3.3.2.3.                    By Enterprise

8.3.3.2.4.                    By Security Type

8.3.3.2.5.                    By Application

8.3.4.       Spain IoT Security Market Outlook

8.3.4.1.              Market Size & Forecast

8.3.4.1.1.                    By Value

8.3.4.2.              Market Share & Forecast

8.3.4.2.1.                    By Component

8.3.4.2.2.                    By Deployment Type

8.3.4.2.3.                    By Enterprise

8.3.4.2.4.                    By Security Type

8.3.4.2.5.                    By Application

8.3.5.       Italy IoT Security Market Outlook

8.3.5.1.              Market Size & Forecast

8.3.5.1.1.                    By Value

8.3.5.2.              Market Share & Forecast

8.3.5.2.1.                    By Component

8.3.5.2.2.                    By Deployment Type

8.3.5.2.3.                    By Enterprise

8.3.5.2.4.                    By Security Type

8.3.5.2.5.                    By Application

9.       Asia-Pacific IoT Security Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Component

9.2.2.By Deployment Type

9.2.3.By Enterprise

9.2.4.By Country

9.2.5.By Security Type

9.2.6.By Application

9.3.   Asia-Pacific: Country Analysis

9.3.1.       China IoT Security Market Outlook

9.3.1.1.              Market Size & Forecast

9.3.1.1.1.                    By Value

9.3.1.2.              Market Share & Forecast

9.3.1.2.1.                    By Component

9.3.1.2.2.                    By Deployment Type

9.3.1.2.3.                    By Enterprise

9.3.1.2.4.                    By Security Type

9.3.1.2.5.                    By Application

9.3.2.       Japan IoT Security Market Outlook

9.3.2.1.              Market Size & Forecast

9.3.2.1.1.                    By Value

9.3.2.2.              Market Share & Forecast

9.3.2.2.1.                    By Component

9.3.2.2.2.                    By Deployment Type

9.3.2.2.3.                    By Enterprise

9.3.2.2.4.                    By Security Type

9.3.2.2.5.                    By Application

9.3.3.       India IoT Security Market Outlook

9.3.3.1.              Market Size & Forecast

9.3.3.1.1.                    By Value

9.3.3.2.              Market Share & Forecast

9.3.3.2.1.                    By Component

9.3.3.2.2.                    By Deployment Type

9.3.3.2.3.                    By Enterprise

9.3.3.2.4.                    By Security Type

9.3.3.2.5.                    By Application

9.3.4.       Australia IoT Security Market Outlook

9.3.4.1.              Market Size & Forecast

9.3.4.1.1.                    By Value

9.3.4.2.              Market Share & Forecast

9.3.4.2.1.                    By Component

9.3.4.2.2.                    By Deployment Type

9.3.4.2.3.                    By Enterprise

9.3.4.2.4.                    By Security Type

9.3.4.2.5.                    By Application

9.3.5.       Vietnam IoT Security Market Outlook

9.3.5.1.              Market Size & Forecast

9.3.5.1.1.                    By Value

9.3.5.2.              Market Share & Forecast

9.3.5.2.1.                    By Component

9.3.5.2.2.                    By Deployment Type

9.3.5.2.3.                    By Enterprise

9.3.5.2.4.                    By Security Type

9.3.5.2.5.                    By Application

10.   Middle East & Africa IoT Security Market Outlook

10.1.                     Market Size & Forecast

10.1.1.    By Value

10.2.                     Market Share & Forecast

10.2.1.    By Component

10.2.2.    By Deployment Type

10.2.3.    By Enterprise

10.2.4.    By Country

10.2.5.    By Security Type

10.2.6.    By Application

10.3.                     Middle East & Africa: Country Analysis

10.3.1.   UAE IoT Security Market Outlook

10.3.1.1.          Market Size & Forecast

10.3.1.1.1.                 By Value

10.3.1.2.          Market Share & Forecast

10.3.1.2.1.                 By Component

10.3.1.2.2.                 By Deployment Type

10.3.1.2.3.                 By Enterprise

10.3.1.2.4.                 By Security Type

10.3.1.2.5.                 By Application

10.3.2.   Saudi Arabia IoT Security Market Outlook

10.3.2.1.          Market Size & Forecast

10.3.2.1.1.                 By Value

10.3.2.2.          Market Share & Forecast

10.3.2.2.1.                 By Component

10.3.2.2.2.                 By Deployment Type

10.3.2.2.3.                 By Enterprise

10.3.2.2.4.                 By Security Type

10.3.2.2.5.                 By Application

10.3.3.   South Africa IoT Security Market Outlook

10.3.3.1.          Market Size & Forecast

10.3.3.1.1.                 By Value

10.3.3.2.          Market Share & Forecast

10.3.3.2.1.                 By Component

10.3.3.2.2.                 By Deployment Type

10.3.3.2.3.                 By Enterprise

10.3.3.2.4.                 By Security Type

10.3.3.2.5.                 By Application

11.   South America IoT Security Market Outlook

11.1.                     Market Size & Forecast

11.1.1.    By Value

11.2.                     Market Share & Forecast

11.2.1.    By Component

11.2.2.    By Deployment Type

11.2.3.    By Enterprise

11.2.4.    By Country

11.2.5.    By Security Type

11.2.6.    By Application

11.3.                     South America: Country Analysis

11.3.1.   Brazil IoT Security Market Outlook

11.3.1.1.          Market Size & Forecast

11.3.1.1.1.                 By Value

11.3.1.2.          Market Share & Forecast

11.3.1.2.1.                 By Component

11.3.1.2.2.                 By Deployment Type

11.3.1.2.3.                 By Enterprise

11.3.1.2.4.                 By Security Type

11.3.1.2.5.                 By Application

11.3.2.   Argentina IoT Security Market Outlook

11.3.2.1.          Market Size & Forecast

11.3.2.1.1.                 By Value

11.3.2.2.          Market Share & Forecast

11.3.2.2.1.                 By Component

11.3.2.2.2.                 By Deployment Type

11.3.2.2.3.                 By Enterprise

11.3.2.2.4.                 By Security Type

11.3.2.2.5.                 By Application

11.3.3.   Colombia IoT Security Market Outlook

11.3.3.1.          Market Size & Forecast

11.3.3.1.1.                 By Value

11.3.3.2.          Market Share & Forecast

11.3.3.2.1.                 By Component

11.3.3.2.2.                 By Deployment Type

11.3.3.2.3.                 By Enterprise

11.3.3.2.4.                 By Security Type

11.3.3.2.5.                 By Application

12.   Market Dynamics

12.1.Drivers

12.2.Challenges

13.   Market Trends and Developments

14.   Competitive Landscape

14.1.      Company Profiles

14.1.1.    Cisco Systems, Inc

14.1.2.    Broadcom Corporation (Symantec Corporation)

14.1.3.    IBM Corporation

14.1.4.    Intel Corporation

14.1.5.    Trend Micro, Inc.

14.1.6.    Infineon Technologies AG

14.1.7.    Gemalto NV

14.1.8.    Fortinet Inc.

14.1.9.    TrustWave Holdings, Inc.

14.1.10.   Palo Alto Networks, Inc.

15.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Biometrics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Solution Type (Fingerprint Recognition, Facial Recognition, Iris Recognition, Hand/Palm Recognition, Voice Recognition, Vein Scanners, Others), By Functionality Type (Contact Based, Contact Less, Hybrid), By Application (Spying, Demining, Patrolling & Surveillance, Firefighting, Others), By End Use Industry (Government and Defense, BFSI, Consumer Electronics, IT and Telecom, Healthcare and Lifesciences, Retail and E-commerce, Others) By Region, By Competition
  • Quantum Computing Market - Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028, Segmented By Component (Hardware, Software, Services), By Deployment (On-premises and Cloud-based), By Application (Machine Learning, Optimization, Biomedical Simulations, Financial Services, Electronic Material Discovery, and Others), By End User (Healthcare, BFSI, Automotive, Researchers, Energy & utilities, Chemical, Manufacturing and Others (Transportation, Logistics, etc.)), By Region, Competition
  • Email Marketing Software Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Channel (B2B and B2C), By Enterprise Size (SME and Large Enterprises), By Application (Reporting and Analytics, Template management, Customer management, Sales reporting, Email lead generation, Push notifications, Event-triggered mail, Web forms, and Others.), By Industry (travel and transportation, consumer goods, healthcare, information technology-enabled service (ITeS), retail, IT and telecommunications, finance, banking, security, and insurance (BFSI), government, education, entertainment and media, and others), By Region, By Competition
  • Mobile Device Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, Segmented By Deployment (Cloud and on Premise), By Enterprise Size (SMEs and large Enterprise), By End-User (Telecom & Information Technology, BFSI, Healthcare, Retail, Government and Manufacturing) By Region, By Competition
  • Saudi Arabia Undersea Fiber Optic Cable Market By Fiber Type (Single-mode fiber and Multi-mode fiber), By Cable Design (Ribbon Tube, Loose Tube, Micro Loose Tube and Others), By End-Use Industry (IT & Telecommunication, Energy & Power and Others), By Insulation Type (Cross-Linked Polyethylene, Oil-Impregnated Paper, Resin-Impregnated Paper, Others), By Application (Deep-Sea Fiber Optic Cable, Shallow Sea Fiber Optic Cable), By Region, Competition Forecast & Opportunities, 2028
  • Photolithography Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Type (EUV (Extreme Ultraviolet), DUV (Deep Ultraviolet)), By DUV Type (ArFi (Argon Fluoride Immersion, KrF (Krypton Fluoride), ArF (Argon Fluoride), I-Line)), By Wavelength (1nm-170nm, 170nm-270nm, 270nm-370nm), By Device Wavelength (Mercury Lamps, Fluorine Lamps, Excimer Lasers, Laser Produced Plasma), By End-Use (IDMs (Integrated Device Manufacturer), Foundries ), By Application (Back-End, Front-End), By Region
  • United Kingdom Online Dating Services Market by Type (Non-Paying Online Dating, Paying Online Dating), By Service (Matchmaking, Social Dating, Adult Dating, Others (Includes Niche Dating, Meet-ups, etc)), By Subscription (Annually, Quarterly, Monthly, Weekly), By Region, Competition Forecast and Opportunities, 2028
  • United States Hardware Wallet Market By Type (Hot Wallet and Cold Wallet) By Connection Type (Near Field Communication, USB and Bluetooth), By Distribution Channel (Online and Offline), By End User (Individual, Commercial) By End Use Industry (Capital Market, BFSI (Excluding Capital Market), Real Estate and Others), By Region, Competition Forecast & Opportunities, 2028
  • Super Apps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (B2B, B2C),By Business Model (Subscription Based, Commission, Advertisement), By Device (Smartphone, Tablet), By Service (Messaging, Invoice Payments & E-Wallet, Public Transportation & Travel Bookings, E-commerce, Food Delivery, Insurance Services, E-government Services, Others), By Region, Competition
  • Digital Panel Meter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Totalizers, Multi-Input Indicators and Scanners, Temperature and Process Panel Meters, Others), By Display Technology (LED, LCD, Sunlight Readable, Dual Line, Single Line, Bar Graph, Others (Large Display, Etc.)), By Display Type (Numeric, Alphanumeric, Combination), By End User (IT and telecom, Manufacturing, Government, Healthcare, Retail, Transportation, Others), By Applications (Display Current, Display Voltage, Displays Temperature, Others), By Region, By Competition