The Europe IoT Security Market is expected to witness market growth of 24.8% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe 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 $9.33 billion by 2032. The UK market is experiencing a CAGR of 23.7% during 2025-2032. Additionally, the France market is expected to exhibit a CAGR of 25.8% during 2025-2032.
The demand for sophisticated IoT security solutions that surpass conventional cybersecurity measures has increased as a result of the increasing awareness of these risks. IoT security encompasses many protective mechanisms, including device authentication, secure communication protocols, data encryption, firmware updates, access control, and threat detection systems. Unlike conventional IT security, which typically secures devices like computers, servers, and mobile phones, IoT security must account for a broader diversity of endpoints - many of which were never originally designed with security in mind. Furthermore, IoT devices often operate in distributed environments, making centralized management and real-time monitoring more complex. This has driven innovation in the market, with cybersecurity vendors developing purpose-built solutions that can secure the unique attributes of IoT systems.
In parallel, the enterprise segment of the IoT security market is experiencing substantial growth, particularly with the rise of Industry 4.0. IoT enables predictive maintenance, process automation, remote diagnostics, and supply chain optimization in manufacturing, logistics, and industrial operations. While these capabilities improve efficiency and reduce costs, they also introduce new security challenges. The convergence of IT (Information Technology) and OT (Operational Technology) creates complex environments where traditional firewalls and antivirus tools are insufficient. Industrial control systems, programmable logic controllers, and SCADA networks often require customized security protocols that ensure safety and uptime. Cyberattacks targeting critical infrastructure - such as power grids, water treatment plants, and transportation systems - have demonstrated the catastrophic potential of unsecured IoT environments, reinforcing the need for specialized security solutions tailored to industrial contexts.
France is witnessing similar growth in its IoT security market, driven by the rapid expansion of its domestic and cross-border e-commerce landscape. With French e-commerce revenue reaching €146.9 billion in 2022, according to France Num, logistics companies increasingly rely on IoT-enabled tracking systems and automated warehousing solutions. As the intricacy of these interconnected systems increases, it is imperative to implement IoT security solutions to safeguard sensitive data, prevent unauthorized access, and guarantee the integrity of real-time operations.
The emergence of cross-border e-commerce has further solidified France's position as a critical participant in global trade, underscoring the pressing necessity for robust IoT security to protect logistics networks and preserve efficiency and competitiveness in the rapidly changing digital commerce landscape. Thus, as consumers, governments, and industries alike recognize the growing cyber risks tied to billions of connected devices, the European market is seeing a convergence of regulatory compliance, public awareness, and technological innovation. All of this is further fueling sustained demand and market growth.
The Germany market dominated the Europe 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 $9.33 billion by 2032. The UK market is experiencing a CAGR of 23.7% during 2025-2032. Additionally, the France market is expected to exhibit a CAGR of 25.8% during 2025-2032.
The demand for sophisticated IoT security solutions that surpass conventional cybersecurity measures has increased as a result of the increasing awareness of these risks. IoT security encompasses many protective mechanisms, including device authentication, secure communication protocols, data encryption, firmware updates, access control, and threat detection systems. Unlike conventional IT security, which typically secures devices like computers, servers, and mobile phones, IoT security must account for a broader diversity of endpoints - many of which were never originally designed with security in mind. Furthermore, IoT devices often operate in distributed environments, making centralized management and real-time monitoring more complex. This has driven innovation in the market, with cybersecurity vendors developing purpose-built solutions that can secure the unique attributes of IoT systems.
In parallel, the enterprise segment of the IoT security market is experiencing substantial growth, particularly with the rise of Industry 4.0. IoT enables predictive maintenance, process automation, remote diagnostics, and supply chain optimization in manufacturing, logistics, and industrial operations. While these capabilities improve efficiency and reduce costs, they also introduce new security challenges. The convergence of IT (Information Technology) and OT (Operational Technology) creates complex environments where traditional firewalls and antivirus tools are insufficient. Industrial control systems, programmable logic controllers, and SCADA networks often require customized security protocols that ensure safety and uptime. Cyberattacks targeting critical infrastructure - such as power grids, water treatment plants, and transportation systems - have demonstrated the catastrophic potential of unsecured IoT environments, reinforcing the need for specialized security solutions tailored to industrial contexts.
France is witnessing similar growth in its IoT security market, driven by the rapid expansion of its domestic and cross-border e-commerce landscape. With French e-commerce revenue reaching €146.9 billion in 2022, according to France Num, logistics companies increasingly rely on IoT-enabled tracking systems and automated warehousing solutions. As the intricacy of these interconnected systems increases, it is imperative to implement IoT security solutions to safeguard sensitive data, prevent unauthorized access, and guarantee the integrity of real-time operations.
The emergence of cross-border e-commerce has further solidified France's position as a critical participant in global trade, underscoring the pressing necessity for robust IoT security to protect logistics networks and preserve efficiency and competitiveness in the rapidly changing digital commerce landscape. Thus, as consumers, governments, and industries alike recognize the growing cyber risks tied to billions of connected devices, the European market is seeing a convergence of regulatory compliance, public awareness, and technological innovation. All of this is further fueling sustained demand and market growth.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe IoT Security Market by Component
Chapter 6. Europe IoT Security Market by Security Type
Chapter 7. Europe IoT Security Market by End-use
Chapter 8. Europe IoT Security Market by Country
Chapter 9. Company Profiles
