North America IoT Security Market Size, Share & Trends Analysis Report By Component (Solutions, and Services), By Security Type, By End-use, By Country and Growth Forecast, 2025 - 2032

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.

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.

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.

North America IoT Security 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