How big is the Iot Security Market | Trends & Projections 2025

Q: What is the projected value of IoT Security Market by 2031?

The IoT Security Market is anticipated to surpass USD 15.9 Billion by 2031.

Q: Who are the key players in the IoT Security Market?

Key companies include Cisco Systems, IBM Corporation, Palo Alto Networks, Fortinet, and Microsoft.

Q: What are the emerging trends in the IoT Security Market?

Integration of AI/ML for threat detection, blockchain for secure communication, and zero-trust architecture are notable trends.

Q: What is driving the growth of the IoT Security Market?

Rising cyber threats, growing deployment of IoT devices across industries, and stricter data protection regulations are key drivers fueling market growth.

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Code: MTA6554

Publication Date: Jul 2025

How Big Is the Iot Security Market?

According to 6Wresearch internal database and industry insights, the Global IoT Security Market was valued at USD 11.9 Billion in 2024 and is projected to reach USD 24.7 Billion by 2031, growing at a CAGR of 8.50% during 2025–2031.

The rapid expansion of connected devices across smart homes, industrial automation, and healthcare systems is amplifying security vulnerabilities, thus fueling the need for robust IoT-specific security solutions. The market is further gaining strong momentum with increased cyber-attack frequency and technological advancements in endpoint detection and encryption.

Key Growth Factors of the IoT Security Market

Increasing concerns over data breaches and unauthorized access in connected devices.
Surge in deployment of smart city infrastructure and IIoT (Industrial Internet of Things).
Increasing use of IoT in critical sectors such as healthcare and automotive, demanding stringent protection.
Government regulations mandating minimum security features for IoT devices.
Proliferation of edge computing and 5G accelerating the need for real-time threat mitigation.
Rising awareness among enterprises regarding cybersecurity investments.

IoT Security Market Trends

IoT Security Market is evolving rapidly with the rise of zero-trust architecture, blockchain-enabled identity management, and AI-driven anomaly detection. Device-specific micro-segmentation and behavioral analytics are becoming mainstream. Cloud-based security models integrated with secure firmware update capabilities are reshaping vendor offerings. Moreover, demand for unified threat intelligence across hybrid networks is creating new avenues for solution providers.

Emerging Developments in the IoT Security Market

IoT Security Market is evolving with a new phase, driven by AI-enhanced intrusion detection systems, hardware-level security chips, and context-aware access control mechanisms. Companies are now focusing on lightweight encryption for constrained devices, while collaboration between telecom operators and cybersecurity firms is enabling network-level IoT threat prevention. Recent moves also highlight an uptick in post-quantum cryptography research to future-proof IoT networks.