US IoT Security Market

Increase in Data Breach Incidents to Boost the Market Growth

The cyber world is predicted to experience an increase in the frequency and appearance of new threats and attacks as the number of devices linked to the Internet rises. Data breaches in a variety of end-user sectors have increased over the previous few years throughout the US area, proving this. Potentially devastating financial and personal losses could result from these attacks, which directly target people and business systems. as a result, consumer gadgets that are very vulnerable to data breaches require an increased demand for IoT security.

To safeguard Americans from the numerous security dangers tied to internet-connected gadgets, the Biden administration, for example, initiated an Internet of Things (IoT) cybersecurity labeling program in July 2023. The show "U.S. The goal of "Cyber Trust Mark" is to assist Americans in making sure they purchase internet-connected gadgets that have robust cybersecurity defenses against cyberattacks.

The key to cutting-edge security solutions is blockchain technology, a decentralized distributed ledger. Direct information exchange between connected devices is made possible by blockchain applications in the ecosystem of linked devices, as opposed to communication via centralized networks. IoT networks and devices are less vulnerable to cyberattacks thanks to these links. Additionally, the IoT security solution greatly improves security by utilizing blockchain technology and sensor-embedded chips. To establish a dispersed Internet of things network, IBM Corporation and Samsung have created Autonomous Decentralized Peer-to-Peer Telemetry (ADEPT), a blockchain-enabled IoT system. Blockchain applications like these would guarantee success in the international market.

Thus, driving the IoT security market revenue.

The increasing prevalence of cyber threats is a primary driver for the Global US IoT Security Market Industry. As organizations adopt IoT devices, they become more vulnerable to cyberattacks, which can lead to significant financial losses and reputational damage. For instance, the FBI reported a surge in ransomware attacks targeting IoT devices, prompting businesses to invest heavily in security solutions. This trend is expected to contribute to the market's growth, with projections indicating a market size of 30.5 USD Billion in 2024. The urgency to protect sensitive data and ensure operational continuity drives demand for advanced security measures.

Regulatory compliance is increasingly shaping the Global US IoT Security Market Industry. Governments and regulatory bodies are implementing stringent guidelines to protect consumer data and privacy, compelling organizations to enhance their security frameworks. For example, the Federal Trade Commission has established regulations that require companies to secure IoT devices against unauthorized access. As compliance becomes non-negotiable, businesses are likely to allocate substantial resources to meet these standards, thereby fueling market growth. This regulatory landscape is expected to contribute to a projected market size of 75.2 USD Billion by 2035, reflecting the critical nature of compliance in the IoT security domain.

The Global US IoT Security Market Industry is projected to experience robust growth over the coming years. With a market size expected to reach 30.5 USD Billion in 2024, the industry is on a trajectory of expansion driven by various factors, including rising cyber threats and regulatory compliance. The market is anticipated to grow at a compound annual growth rate of 8.55% from 2025 to 2035, reflecting the increasing investments in IoT security solutions. This growth is indicative of the critical need for organizations to secure their IoT ecosystems against evolving threats and vulnerabilities, positioning the market as a key area of focus for stakeholders.

There is a growing awareness of the importance of IoT security among consumers and businesses, which is driving the Global US IoT Security Market Industry. As high-profile security breaches make headlines, stakeholders are becoming more cognizant of the risks associated with unsecured IoT devices. This heightened awareness is prompting organizations to prioritize security in their IoT strategies. Educational initiatives and industry collaborations are further amplifying this trend, leading to increased investments in security solutions. As a result, the market is expected to witness substantial growth, with projections indicating a market size of 30.5 USD Billion in 2024, reflecting the urgency to address security vulnerabilities.

The proliferation of smart devices across various sectors is a significant driver of the Global US IoT Security Market Industry. As consumers and businesses increasingly embrace smart technologies, the number of connected devices continues to rise exponentially. This surge creates a larger attack surface for cybercriminals, necessitating robust security solutions. For instance, the number of connected devices is projected to reach over 30 billion by 2025. Consequently, organizations are compelled to invest in IoT security measures to safeguard their networks and data. This trend is likely to sustain a compound annual growth rate of 8.55% from 2025 to 2035, underscoring the market's dynamic nature.

The integration of artificial intelligence and machine learning technologies is revolutionizing the Global US IoT Security Market Industry. These advanced technologies enable organizations to enhance their security posture by automating threat detection and response processes. AI-driven security solutions can analyze vast amounts of data in real-time, identifying anomalies and potential threats more effectively than traditional methods. This capability is particularly crucial as the complexity of cyber threats continues to evolve. As businesses increasingly adopt AI and machine learning for IoT security, the market is poised for significant growth, potentially reaching 75.2 USD Billion by 2035, driven by the demand for innovative security solutions.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the IoT security market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, IoT security industry must offer cost-effective items.

Major players in the IoT security market are attempting to increase market demand by investing in research and development operations includes Microsoft (US), AWS (US), Google (US), IBM (US), Intel (US), Cisco (US), Ericsson (Sweden), Thales (France), Allot (Israel), Infenion (Germany), and Atos (France).