Cellular Connectivity IoT Network Security Market

Global Cellular Connectivity IoT Network Security Market:

The global cellular connectivity IoT network security market size reached US$ 4.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2032, exhibiting a growth rate (CAGR) of 14.85% during 2024-2032. The growing prevalence of security breaches and cyber threats is stimulating the market.

Cellular Connectivity IoT Network Security Market Analysis:

• Major Market Drivers: The increasing concerns among individuals toward unauthorized intrusions in the corporate sector to secure network infrastructures are bolstering the market.
• Key Market Trends: The inflating popularity of industrial automation for efficiently managing IoT deployments, improving network reliability, enhancing wireless connectivity, etc., is acting as a significant growth-inducing factor.
• Competitive Landscape: Some of the prominent companies in the market include Aeris, Allot, Asavie (Akamai Technologies), Check Point Software Technologies Ltd, Emnify, Ericsson AB, FirstPoint, FORESCOUT, Fortinet, Inc., Pod Group (Giesecke+Devrient), Nokia, Palo Alto Networks, SUBEX, Tempered Networks, Inc., and ZARIOT, among many others.
• Geographical Trends: As per the cellular connectivity IoT network security market forecast report, the widespread installation of enterprise virtual private network (VPN) servers is stimulating the market in North America. Moreover, stringent regulations imposed by government bodies for security are further catalyzing the market in Europe. Besides this, the elevating commercialization of 5G is also fueling the market in Asia Pacific. Additionally, the expanding telecommunications sector is bolstering the market in Latin America.
• Challenges and Opportunities: The challenge of securing vast devices and data streams is hindering the market. However, the implementation of comprehensive threat detection systems will continue to fuel the market over the forecasted period.
   

Cellular Connectivity IoT Network Security Market Trends:

Rising Focus on Data Security

Regulatory requirements are becoming stricter, which is compelling organizations to improve their security practices. Moreover, compliance generally involves detailed risk assessments, regular audits, and the adoption of privacy-by-design principles in IoT systems. In April 2024, one of the integrated cellular Internet of Things (IoT) connectivity services providers, Eseye, launched the Hera 200, designed specifically to simplify IoT device connectivity to the cloud and customer systems, ensuring network connections are reliable and that data transfer is secure and resilient. Furthermore, it also provides highly reliable and secure cellular, Wi-Fi, and Ethernet access options to globally deployed IoT devices that rely on single data communications paths. This is expanding the cellular connectivity IoT network security market share.

Growing Adoption of 5G

The shift toward 5G technology is offering lower latency, higher bandwidth, and greater connectivity. As more sectors integrate 5G into their IoT ecosystems, the focus will be on creating resilient security frameworks that can handle the increased volume and complexity of data transmitted. In May 2024, iONLINE Connected Networks, an enterprise private LTE/5G provider supplying IoT connectivity solutions across the globe, introduced FlexiSIM™, an intelligent network switching (eUICC) SIM, in the United States. It is further affordable, adaptable, reliable, and secure. This is positively influencing the cellular connectivity IoT network security market outlook report.

Continuous Technological Advancements

Innovations, including the introduction of edge computing, are bolstering the market. This shift introduces new security challenges, such as ensuring data integrity during transmission and securing edge devices. In June 2024, Crypto Quantique, a provider of quantum-driven security for IoT, and ZARIOT partnered with Kigen to implement quantum-safe hardware root-of-trust for cellular IoT. This is elevating the cellular connectivity IoT network security market outlook.

Global Cellular Connectivity IoT Network Security Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the cellular connectivity IoT network security market forecast at the global and regional levels for 2024-2032. Our report has categorized the market based on the end use industry.

Breakup by End Use Industry:

• Telecom
• Manufacturing
• Energy and Utilities
• Healthcare
• Government
• Transportation
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes telecom, manufacturing, energy and utilities, healthcare, government, transportation, and others.

In the telecom industry, cellular connectivity IoT network security is essential due to the need for reliable, high-speed networks and the extensive use of connected devices. In the manufacturing sector, IoT devices are used for monitoring, automation, and data collection. The energy and utilities sector relies extensively on IoT for managing and monitoring critical infrastructure, such as power grids and water supply systems. Apart from this, the rising requirement for diagnostics, patient monitoring, and data management is fueling the market in healthcare. Furthermore, government organizations conduct regular security assessments to mitigate risks. In the transportation industry, IoT devices are used for fleet management, vehicle tracking, and infrastructure monitoring. This is escalating the cellular connectivity IoT network security market demand.

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
   

The cellular connectivity IoT network security market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

In North America, the region's focus on smart cities, connected vehicles, and advanced manufacturing has heightened the demand for secure IoT networks. In Europe, the market is shaped by stringent data protection regulations, including GDPR. As per the cellular connectivity IoT network security market analysis report, brands, including Trend Micro, offer comprehensive protection through AI-driven threat intelligence and secure cloud services. Furthermore, various improvements in the energy sector are acting as significant growth-inducing factors in the Middle East and Africa. In Latin America, the market is evolving as the adoption of IoT technologies increases.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:

• Aeris
• Allot
• Asavie (Akamai Technologies)
• Check Point Software Technologies Ltd
• Emnify
• Ericsson AB
• FirstPoint
• FORESCOUT
• Fortinet, Inc.
• Pod Group (Giesecke+Devrient)
• Nokia
• Palo Alto Networks
• SUBEX
• Tempered Networks, Inc.
• ZARIOT
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Cellular Connectivity IoT Network Security Market Recent Developments:

• June 2024: Crypto Quantique, a provider of quantum-driven security for IoT, and ZARIOT partnered with Kigen to implement quantum-safe hardware root-of-trust for cellular IoT.
• May 2024: iONLINE Connected Networks, an enterprise private LTE/5G provider supplying IoT connectivity solutions across the globe, introduced FlexiSIM™, an intelligent network switching (eUICC) SIM, in the United States.
• April 2024: One of the integrated cellular Internet of Things (IoT) connectivity services providers, Eseye, launched the Hera 200, designed specifically to simplify IoT device connectivity to the cloud and customer systems, ensuring network connections are reliable and that data transfer is secure and resilient.

Cellular Connectivity IoT Network Security Market Report Scope:

Key Questions Answered in This Report:

• How has the global cellular connectivity IoT network security market performed so far, and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global cellular connectivity IoT network security market growth?
• What are the key regional markets?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global cellular connectivity IoT network security market, and who are the key players?
• What is the degree of competition in the industry?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cellular connectivity IoT network security market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global cellular connectivity IoT network security market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the cellular connectivity IoT network security industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.