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IoT Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global IoT security market reached a value of US$ 10.2 Billion in 2019. The Internet of Things (IoT) security is a technological solution used for safeguarding networks and connected mechanical or digital devices. The security solutions aim to eradicate vulnerabilities and equip devices to identify, resist and recover from cyber-attacks. These security solutions offer identity access management, data encryption and tokenization, intrusion prevention system and security analytics through antimalware, antivirus and firewalls. Owing to this, these solutions find extensive application across several industries, including energy and utilities, manufacturing, automotive, transportation, etc.  

Global IoT Security Market

The rising threat of cyber terrorism, along with the rapid adoption of IoT technologies across industries, is one of the key factors driving the growth of the market. The construction of smart cities and increasing automation in various industry verticals are creating an imminent need for enhanced and effective security solutions to safeguard highly sensitive personal and organizational data from malware injection. This, in confluence with the emergence of several new trends, such as Bring Your Own Device (BYOD), especially in the corporate organizational setups, is significantly favoring the market growth. Organizations are thus increasingly encouraging the deployment of IoT security solutions to manage communications and digital identities of their employees across on-premises, cloud and hybrid environments. Other factors, including advancements in 4G and 5G technologies and proliferation of social media platforms resulting in the rising number of identity and data thefts, are projected to drive the market further. Looking forward, IMARC Group expects the market to reach a value of US$ 40.7 Billion by 2025, registering a CAGR of around 26% during 2020-2025

Breakup by Component:

  • Solutions
  • Services
     

Based on the component, IoT security solutions currently account for the highest market share.

Breakup by Security Type:

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Others
     

Based on the security type, network security segment currently accounts for majority of the market share.

Breakup by Vertical:

  • Energy and Utilities
  • Manufacturing
  • Automotive
  • Transport
  • Consumer Electronics
  • Healthcare
  • Others
     

Based on the vertical, energy and utilities segment currently account for the highest market share.

Breakup by Region:

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • North America
    • United States
    • Canada
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Columbia
    • Chile
    • Peru
    • Others
       

Based on the geography, Asia Pacific currently represents the biggest market for IoT security.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Allot, Armis, CENTRI, Cisco, Forgerock, Fortinet, Gemalto, IBM, Infineon, Intel, Mocana Corporation, Newsky, Securithings, Symantec, Zingbox, etc.

Key Questions Answered in This Report:

  • How has the global IoT security market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global IoT security industry?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the security type?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the global IoT security industry?
  • What are the key driving factors and challenges in the global IoT security market?
  • What is the structure of the global IoT security industry and who are the key players?
  • What is the degree of competition in the global IoT security market?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global IoT Security Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Forecast
6    Market Breakup by Component
    6.1    Solutions
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Security Type
    7.1    Network Security
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Endpoint Security
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Application Security
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Cloud Security
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Vertical
    8.1    Energy and Utilities
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Manufacturing
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Automotive
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Transport
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Consumer Electronics
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Healthcare
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    Asia Pacific
        9.11 China
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Japan
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
        9.1.3 India
           9.1.3.1 Market Trends
           9.1.3.2 Market Forecast
        9.1.4 South Korea
           9.1.4.1 Market Trends
           9.1.4.2 Market Forecast
        9.1.5 Australia
           9.1.5.1 Market Trends
           9.1.5.2 Market Forecast
        9.1.6 Indonesia
           9.1.6.1 Market Trends
           9.1.6.2 Market Forecast
        9.1.7 Others
           9.1.7.1 Market Trends
           9.1.7.2 Market Forecast
      9.2    Europe
        9.2.1 Germany
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 France
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 United Kingdom
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 Italy
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Spain
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Russia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
   9.3    North America
        9.3.1 United States
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 Canada
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Argentina
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
        9.4.4 Columbia
           9.4.4.1 Market Trends
           9.4.4.2 Market Forecast
        9.4.5 Chile
           9.4.5.1 Market Trends
           9.4.5.2 Market Forecast
        9.4.6 Peru
           9.4.6.1 Market Trends
           9.4.6.2 Market Forecast
        9.4.7 Others
           9.4.7.1 Market Trends
           9.4.7.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Turkey
           9.5.1.1 Market Trends
           9.5.1.2 Market Forecast
        9.5.2 Saudi Arabia
           9.5.2.1 Market Trends
           9.5.2.2 Market Forecast
        9.5.3 Iran
           9.5.3.1 Market Trends
           9.5.3.2 Market Forecast
        9.5.4 United Arab Emirates
           9.5.4.1 Market Trends
           9.5.4.2 Market Forecast
        9.5.5 Others
           9.5.5.1 Market Trends
           9.5.5.2 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Allot
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Armis
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    CENTRI 
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    Cisco
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Forgerock
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Fortinet
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Gemalto
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 SWOT Analysis
        14.3.8    IBM
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Infineon
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Intel
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Mocana Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Newsky
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
        14.3.13    Securithings
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio 
        14.3.14    Symantec
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio 
           14.3.14.3 Financials
           14.3.14.4 SWOT Analysis
        14.3.15    Zingbox            
           14.3.15.1 Company Overview
           14.3.15.2 Product Portfolio 

List of Figures

Figure 1: Global: IoT Security Market: Major Drivers and Challenges
Figure 2: Global: IoT Security Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: IoT Security Market: Breakup by Component (in %), 2019
Figure 4: Global: IoT Security Market: Breakup by Security Type (in %), 2019
Figure 5: Global: IoT Security Market: Breakup by Vertical (in %), 2019
Figure 6: Global: IoT Security Market: Breakup by Region (in %), 2019
Figure 7: Global: IoT Security Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: IoT Security (Solutions) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: IoT Security (Solutions) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: IoT Security (Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: IoT Security (Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: IoT Security (Network Security) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: IoT Security (Network Security) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: IoT Security (Endpoint Security) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: IoT Security (Endpoint Security) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: IoT Security (Application Security) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: IoT Security (Application Security) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: IoT Security (Cloud Security) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: IoT Security (Cloud Security) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: IoT Security (Other Security Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: IoT Security (Other Security Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: IoT Security (Energy and Utilities) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: IoT Security (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: IoT Security (Manufacturing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: IoT Security (Manufacturing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: IoT Security (Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: IoT Security (Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: IoT Security (Transport) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: IoT Security (Transport) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: IoT Security (Consumer Electronics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: IoT Security (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: IoT Security (Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: IoT Security (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: IoT Security (Other Verticals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: IoT Security (Other Verticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Asia Pacific: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Asia Pacific: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: China: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: China: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Japan: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Japan: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: India: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: India: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: South Korea: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: South Korea: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Australia: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Australia: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Indonesia: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Indonesia: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Others: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Others: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Europe: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Europe: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Germany: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Germany: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: France: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: France: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: United Kingdom: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: United Kingdom: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Italy: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Italy: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Spain: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Spain: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Russia: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Russia: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Others: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Others: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: North America: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: North America: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: United States: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: United States: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Canada: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Canada: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Middle East and Africa: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Middle East and Africa: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Turkey: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Turkey: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Saudi Arabia: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Saudi Arabia: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Iran: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Iran: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: United Arab Emirates: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: United Arab Emirates: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Others: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Others: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Latin America: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Latin America: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Brazil: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Brazil: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Mexico: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Mexico: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Argentina: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 91: Argentina: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 92: Columbia: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 93: Columbia: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 94: Chile: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 95: Chile: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 96: Peru: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 97: Peru: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 98: Others: IoT Security Market: Sales Value (in Million US$), 2014 & 2019
Figure 99: Others: IoT Security Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 100: Global: IoT Security Industry: SWOT Analysis
Figure 101: Global: IoT Security Industry: Value Chain Analysis
Figure 102: Global: IoT Security Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: IoT Security Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: IoT Security Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 3: Global: IoT Security Market Forecast: Breakup by Security Type (in Million US$), 2020-2025
Table 4: Global: IoT Security Market Forecast: Breakup by Vertical (in Million US$), 2020-2025
Table 5: Global: IoT Security Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: IoT Security Market: Competitive Structure
Table 7: Global: IoT Security Market: Key Players        

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