The North America IoT Security Market is expected to witness market growth of 24.5% CAGR during the forecast period (2025-2032).
The US market dominated the North America IoT Security Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $39.96 billion by 2032. The Canada market is exhibitng a CAGR of 27.2% during 2025-2032. Additionally, the Mexico market is expected to experience a CAGR of 26.1% during 2025-2032.
The security of the Internet of Things (IoT) is the collection of technologies, practices, and strategies that are employed to safeguard the networks and devices that are connected to the Internet in the IoT ecosystem from illicit access, data breaches, and cyber threats. Since IoT devices - like smart home appliances, industrial sensors, wearable health monitors, connected cars, and more - collect and transmit vast amounts of data, they are highly vulnerable to exploitation if not properly secured. IoT security ensures data confidentiality, integrity, and availability while maintaining the devices and systems' proper functioning.
At the heart of the IoT ecosystem are devices often lacking basic security features. Many of these devices are designed with minimal computational power and memory, prioritizing functionality and cost over security. In turn, they become vulnerable entry points for hackers, allowing them to infiltrate networks or access sensitive information. These risks have become more pronounced as the scale of connected environments has grown, particularly in sectors like healthcare, manufacturing, energy, transportation, and smart cities, where real-time data and uninterrupted operations are critical.
The automotive industry in Mexico is driving significant demand for IoT security solutions as IoT technologies become increasingly integrated into vehicle production processes. With Mexico ranking as the world’s seventh-largest passenger vehicle manufacturer, producing approximately 3.5 million vehicles annually, securing IoT-enabled systems is essential for protecting assembly line operations, ensuring secure data flow, and safeguarding supply chain communications. The production of electric vehicles (EVs) and hybrids, which grew by 8.5% in 2022, further emphasizes the need for robust IoT security to protect the automation infrastructure and real-time data analytics used in modern manufacturing environments. Thus, as IoT adoption accelerates, North America presents lucrative growth opportunities for the IoT security market throughout the forecast period.
The US market dominated the North America IoT Security Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $39.96 billion by 2032. The Canada market is exhibitng a CAGR of 27.2% during 2025-2032. Additionally, the Mexico market is expected to experience a CAGR of 26.1% during 2025-2032.
The security of the Internet of Things (IoT) is the collection of technologies, practices, and strategies that are employed to safeguard the networks and devices that are connected to the Internet in the IoT ecosystem from illicit access, data breaches, and cyber threats. Since IoT devices - like smart home appliances, industrial sensors, wearable health monitors, connected cars, and more - collect and transmit vast amounts of data, they are highly vulnerable to exploitation if not properly secured. IoT security ensures data confidentiality, integrity, and availability while maintaining the devices and systems' proper functioning.
At the heart of the IoT ecosystem are devices often lacking basic security features. Many of these devices are designed with minimal computational power and memory, prioritizing functionality and cost over security. In turn, they become vulnerable entry points for hackers, allowing them to infiltrate networks or access sensitive information. These risks have become more pronounced as the scale of connected environments has grown, particularly in sectors like healthcare, manufacturing, energy, transportation, and smart cities, where real-time data and uninterrupted operations are critical.
The automotive industry in Mexico is driving significant demand for IoT security solutions as IoT technologies become increasingly integrated into vehicle production processes. With Mexico ranking as the world’s seventh-largest passenger vehicle manufacturer, producing approximately 3.5 million vehicles annually, securing IoT-enabled systems is essential for protecting assembly line operations, ensuring secure data flow, and safeguarding supply chain communications. The production of electric vehicles (EVs) and hybrids, which grew by 8.5% in 2022, further emphasizes the need for robust IoT security to protect the automation infrastructure and real-time data analytics used in modern manufacturing environments. Thus, as IoT adoption accelerates, North America presents lucrative growth opportunities for the IoT security market throughout the forecast period.
List of Key Companies Profiled
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Intel Corporation
- Cisco Systems, Inc.
- Thales Group S.A.
- FireEye, Inc.
- Hewlett Packard Enterprise Company
- Check Point Software Technologies Ltd.
Market Report Segmentation
By Component
- Solutions
- Services
By Security Type
- Network Security
- Cloud Security
- Endpoint Security
- Application Security
- Other Security Type
By End-use
- Energy & Utilities
- Manufacturing
- Automotive
- Healthcare
- Transport
- Consumer Electronics
- Other End-use
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America IoT Security Market by Component
Chapter 6. North America IoT Security Market by Security Type
Chapter 7. North America IoT Security Market by End-use
Chapter 8. North America IoT Security Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Intel Corporation
- Cisco Systems, Inc.
- Thales Group S.A.
- FireEye, Inc.
- Hewlett Packard Enterprise Company
- Check Point Software Technologies Ltd.
Methodology
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