The North America IoT Security Market would 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 would continue to be a dominant market till 2032; thereby, achieving a market value of $39,966.1 million by 2032. The Canada market is exhibitng a CAGR of 27.2% during (2025 - 2032). Additionally, The Mexico market would 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.
Free Valuable Insights: The IoT Security Market is Predict to reach USD 165.08 Billion by 2032, at a CAGR of 25.2%
Based on Component, the market is segmented into Solutions, and Services. Based on Security Type, the market is segmented into Network Security, Cloud Security, Endpoint Security, Application Security, and Other Security Type. Based on End-use, the market is segmented into Energy & Utilities, Manufacturing, Automotive, Healthcare, Transport, Consumer Electronics, and Other End-use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Security Type
By End-use
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 