IoT Security Market - Size, Industry Share, Growth Trends and Forecasts (2025 - 2032)

By Offering:

Based on offering, the market is segmented into solutions and services.

Trends in the offering:

• Rising adoption of IoT (internet of things) security solutions for preventing cyber threats and detecting vulnerabilities within an organization’s network and connected devices is driving the market.
• Increasing trend in deployment of IoT (internet of things) security for managing and mitigating security breaches within an organization, due to its continuous monitoring and response capabilities, cost-efficiency, and others.

The solutions segment accounted for the largest revenue share in the overall IoT security market share in 2024, and it is anticipated to register a significant CAGR during the forecast period.

• The solutions segment primarily includes device authentication, end-to-end encryption, observability and anomaly detection, runtime protection, and other related security solutions.
• Device authentication solutions are used for verifying the identity of IoT devices connecting to a network to prevent unauthorized access while ensuring that only authentic devices can participate in the network.
• Moreover, end-to-end encryption solutions are designed for protecting data transmitted between IoT devices and other systems from tampering, in turn ensuring the confidentiality and integrity of sensitive information.
• Additionally, observability and anomaly detection solutions are used for gaining visibility into device behaviour and network traffic to identify unusual patterns or deviations from normal operations, potentially indicating security breaches or malicious activity.
• Further, runtime protection solutions help in preventing malicious activities during the operation of IoT devices, mitigating the impact of security breaches, and minimizing potential damage.
• For instance, Checkpoint Software offers IoT (internet of things) security solutions for healthcare, enterprise, and healthcare applications. The security solution is capable of identifying any IoT device on the network and assessing its risk, preventing unauthorized access to and from IoT devices, and providing on-device run-time protection.
• Consequently, the rising adoption of advanced security solutions for IoT devices is further propelling IoT security market trends.

By Security Type:

Based on security type, the market is segmented into network security, cloud security, endpoint security, and others.

Trends in the security type:

• Increasing trend in deployment of network security solutions to protect an organization’s network integrity and accessibility from unauthorized access, misuse, or cyberattacksis driving the market growth.
• There is a rising trend towards the adoption of endpoint securitysolutions, due to its numerous benefits, including advanced threat protection, protection of all endpoints/devices within a network, secure remote working, and others.

Network security segment accounted for the largest revenue share of 35.24% in the IoT security market share in 2024.

• Network security focuses on protecting a computer network's integrity and accessibility from unauthorized access, misuse, or cyberattacks.
• Network security aims to protect the integrity, confidentiality, and availability of data and resources within the network. This involves securing both the network infrastructure as well as the data transmitted over it.
• Moreover, IoT (internet of things) security solutions offer continuous monitoring of an organization's network infrastructure, in turn leading to improved threat detection, incident response, and log management & analysis among others.
• For instance, Fortinet Inc. offers IoT (internet of things) security, including network security solutions. The company’s network access control solutions are specifically designed for protecting networks within IoT deployments.
• Therefore, the increasing adoption of network security solutions within IoT deployments is driving the IoT security market trends.

Endpoint security segment is anticipated to register a substantial CAGR during the forecast period.

• Endpoint security focuses on protecting devices such as servers, workstations, and other devices within an IoT environment from malicious threats or cyberattacks.
• Similarly, endpoint security helps business enterprises in protecting devices that employees utilize for work purposes or servers that are deployed on a network or in the cloud from cyber threats.
• Moreover, the integration of endpoint security solutions provides a wide range of benefits such as advanced threat protection, protection of all endpoints/devices within a network, secure remote working, and increased operational efficiency, among others.
• Thus, the increasing adoption of endpoint securitysolutions is expected to boost the IoT security market size during the forecast period.

By End-Use:

Based on end use, the market is segmented into manufacturing, BFSI, energy & utilities, government & public sector, healthcare, retail & e-commerce, and others.

Trends in the end use:

• There is a rising trend towards the utilization of IoT (internet of things) security solutions in manufacturing sector for securing both data and physical infrastructure of manufacturing operations, including monitoring, threat detection, and access control.
• Increasing adoption of IoT (internet of things) security in the healthcare industry for protecting patient data and ensuring the reliable operations of connected medical devices is driving the healthcare segment growth.

Manufacturing segment accounted for a substantial revenue share in the overall market in 2024.

• In manufacturing sector, IoT is typically used for applications such as predictive maintenance, asset tracking, quality control, and supply chain optimization, which require robust security measures.
• IoT (internet of things) security solutions play a vital role in the manufacturing sector due to its increasing reliance on connected devices and prevalence of potential risks associated with cyberattacks.
• These solutions primarily involve securing both the data and physical infrastructure of manufacturing operations, including monitoring, threat detection, and access control.
• For instance, Cisco Systems Inc.offers IoT (internet of things) security for the manufacturing sector in its solution offerings, which is designed to facilitate a smart and secure factory and protect manufacturing operations within the IoT network.
• According to the IoT security market analysis, the aforementioned factors are driving the market growth.

The healthcare segment is anticipated to register the fastest CAGR during the forecast period.

• The healthcare sector consists of sensitive information regarding the patients, making it one of the key targets for cyberattacks.
• Few of the major threats that are prevalent in the healthcare sector include data breaches, ransomware, and medical device vulnerabilities, among others.
• Consequently, IoT (internet of things) security solutions are primarily used in the healthcare sector for protecting patient data and ensuring the reliable operations of connected medical devices.
• Additionally, these security solutions address risks such as data breaches, device tampering, and privacy violations, which are crucial for protecting patient information and safety.
• Therefore, the rising adoption of IoT (internet of things) security solutions in healthcare solutions is projected to drive market growth during the forecast period.