Iot Security Market Regional Growth Status, Cagr Value, Opportunities And Forecast To 2029

The global IoT Security Market is projected to reach USD 56.2 billion by 2029, with a CAGR of 18.4% during the forecast period. The market is driven by the increasing number of cyberattacks on IoT devices and the need for robust security solutions. The Solutions segment, which includes device authentication and data encryption, is expected to hold the largest market share. The key players in the market include Microsoft, Fortinet, AWS, IBM, and Intel.