IoT Security Market Oerview:

The global IoT Security Market Share was valued at USD 2,221.0 million in 2019 and is projected to reach USD 20,776.1 million by 2027, growing at a robust CAGR of 32.3% during the forecast period. The growth is fueled by the proliferation of connected devices, increasing cyber threats targeting IoT ecosystems, and growing regulatory mandates for data security and privacy.

North America emerged as the leading region in 2019, accounting for 33.84% of the global market, owing to its early adoption of smart devices, strong cybersecurity infrastructure, and presence of key technology players.

Key Market Highlights:

• 2019 Global Market Size: USD 2.22 billion
• 2027 Global Market Projection: USD 20.78 billion
• CAGR (2020–2027): 32.3%
• North America Market Share (2019): 33.84%
• Market Outlook: Demand driven by exponential growth in connected devices and IoT ecosystems across industrial, commercial, and residential domains.

Top Players in the IoT Security Market:

• Cisco Systems, Inc.
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Palo Alto Networks
• Fortinet, Inc.
• Trend Micro Inc.
• Symantec Corporation (Broadcom Inc.)
• Check Point Software Technologies
• AWS (Amazon Web Services)