IoT Security Market Forecast to Reach $56.2 billion by 2029
According to MarketsandMarkets™, the global IoT security market forecast is projected to grow from USD 24.2 billion in 2024 to USD 56.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 18.4%. Organizations face significant financial losses and reputational damage because of increasing cyberattacks on IoT devices. This has made the organizations aware and adopt robust security solutions to protect against threats like device hijacking, data theft, and supply chain intrusions. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=67064836 Key Takeaways IoT security is vital for operational resilience, data privacy, and business continuity as organizational connectivity accelerates across sectors. Addressing lack of awareness, device heterogeneity, and standardization gaps is paramount to reduce cyber risks and expedite threat response. Growth is particularly strong in services, where managed security operations and continuous ...