UK IoT Security Market (2024-2029)
The UK IoT Security Market was valued at $1531.4 Million in 2024 and projected to reach to $3451.1 Million by 2029, representing a compound annual growth rate of CAGR 17.6%. The UK IoT Security Market is positioned for sustained growth through 2029, driven by regulatory pressures, digital infrastructure modernisation, and rising cyber threats targeting connected ecosystems.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
UK IoT Security Market Trends and Insights
- The UK market is driven by increasing adoption of connected devices across critical infrastructure, healthcare, and manufacturing sectors, alongside stringent regulatory frameworks such as GDPR and emerging UK-specific cybersecurity mandates.
- The UK's position as a global fintech and technology hub accelerates demand for advanced IoT security solutions to protect sensitive data and operational continuity. During the 2024–2029 forecast period, the UK IoT Security Market will expand at a compound annual growth rate (CAGR) of 17.6%, outpacing many European peers.
- The UK's investment in smart cities, autonomous vehicles, and industrial IoT deployments creates substantial opportunities for security vendors.
- Enterprise awareness of IoT vulnerabilities and the rising cost of breaches are compelling UK organizations to prioritize endpoint protection, network segmentation, and threat intelligence platforms. The UK market landscape is characterized by a mix of established cybersecurity firms and specialized IoT security startups competing for market share.
- Government initiatives, including the National Cyber Security Centre (NCSC) guidance and the Online Safety Bill, reinforce compliance requirements and drive organizational spending on IoT security infrastructure throughout the forecast period..
Key Market Statistics
- CAGR (2024-2029) CAGR 17.6%
- Market Size, 2024 ~USD 1531.4 Million
- Forecast, 2029 ~USD 3451.1 Million
- Country UK
UK IoT Security Market Overview
Market Valuation Growth :
The UK IoT Security Market is valued at USD 1,531.4 million in 2024, with a projected CAGR of 17.6%, reaching USD 3,451.1 million by 2029, significantly outpacing global growth trends.
Regulatory Compliance Drivers :
GDPR enforcement and emerging UK-specific cybersecurity mandates are compelling organisations across sectors to invest heavily in IoT security solutions to meet stringent data protection and operational resilience requirements.
Sector-Specific Adoption :
Critical infrastructure, healthcare, and manufacturing sectors in the UK are leading IoT security adoption, driven by increased connected device deployment and heightened security threats targeting essential services.
Digital Transformation Momentum :
UK enterprises are accelerating digital transformation initiatives post-pandemic, creating substantial demand for integrated IoT security platforms that protect expanding networks of connected devices and sensors.
UK IoT Security Market Dynamics
- Government initiatives promoting cybersecurity standards and increased investment in smart city projects across major UK urban centres will further accelerate market expansion.
- Enterprise adoption of edge computing and 5G technologies will create new security requirements, driving demand for advanced threat detection and response solutions tailored to UK compliance frameworks. Organisations across the UK are prioritising IoT security as a critical business function, with budget allocations increasing year-on-year.
- The convergence of operational technology and information technology environments, particularly in manufacturing and utilities, necessitates sophisticated security architectures.
- Strategic partnerships between UK-based security vendors and system integrators will enhance market penetration, while emerging threats and regulatory updates will sustain long-term investment momentum in IoT security infrastructure..
Related Ecosystem
Digitalization And Iot
- Sensors
- Remote Monitoring
- Supply Chain Management
- Passenger Information System (PIS)
- Platform as A Service (PaaS)
- International Business Machines Corporation
- Cisco Systems, Inc.
- MICROSOFT CORPORATION
- Oracle Corporation
- SAP SE
Endpoint Security
- Cloud Security
- Security Analytics
- Multi-Factor Authentication
- Biometric Security and Authentication System
- Critical Communication Network
- International Business Machines Corporation
- MICROSOFT CORPORATION
- Cisco Systems, Inc.
- PALO ALTO NETWORKS, INC
- Fortinet, Inc.
Cyber Security
- Cloud Security
- Biometric Systems
- Multi-Factor Authentication
- Security Analytics
- Data Loss Prevention (DLP)
- International Business Machines Corporation
- Cisco Systems, Inc.
- MITSUI BUSSAN SECURE DIRECTIONS INC
- MICROSOFT CORPORATION
- Allot Ltd.
Key Takeaways
- The UK IoT Security Market will grow from USD 1,531.4 million in 2024 to USD 3,451.1 million by 2029, representing a 17.6% CAGR.
- UK regulatory frameworks including GDPR, NCSC guidance, and the Online Safety Bill are primary drivers of IoT security investment across enterprises.
- Critical infrastructure, healthcare, manufacturing, and smart city initiatives in the UK are creating high-demand segments for advanced IoT security solutions.
- The UK market combines large multinational cybersecurity vendors with innovative local startups, creating a competitive and dynamic ecosystem through 2029.
IoT Security Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2024 |
| Fastest Growing Segment | DATA ENCRYPTION AND TOKENIZATION (Solution) |
| Forecast Period | 2024–2029 |
| Growth Rate | CAGR of 18.4% from 2024 to 2029 |
| Largest Segment | DESIGN, CONSULTING, AND IMPLEMENTATION (Professional Service) |
| Market Size Base Year (Billions) | ~USD 24.15 (2024) |
| Revenue Forecast (Billions) | ~USD 56.2 (2029) |
| Segments Covered | Offering, Solution, Service, Type, Application, Professional Service |
UK IoT Security Market Report Segmentation
6 segment dimensions are covered across the global market.
By Offering
- Services
- Solutions
By Solution
- Data Encryption And Tokenization
- Device Authentication And Management
- Distributed Denial Of Service (Ddos) Protection
- Iam
- Identity And Access Management (Iam)
- Ids/Ips
- Intrusion Detection System/Intrusion Prevention System (Ids/Ips)
- Pki Certificate Lifecycle Management
- Secure Communication Protocol
- Secure Communication Protocols
- Security Analytics
- Virtual Firewall
By Service
- Managed Services
- Professional Services
By Type
- Consulting
- Implementation
- Support And Maintenance
By Application
- Connected Healthcare
- Connected Logistics
- Connected Logistics & Transportation
- Other Application
- Other Applications
- Smart Energy & Utilities
- Smart Government
- Smart Government And Defense
- Smart Home & Consumer Electronics
- Smart Manufacturing
- Smart Retail
By Professional Service
- Consulting
- Implementation
- Support And Maintenance
Target Audience
- UK Enterprise Security Leaders : CISOs and security directors managing IoT deployments across UK organisations require market intelligence to justify budget investments, evaluate vendor solutions, and ensure compliance with UK regulatory frameworks.
- IoT Solution Providers : UK-based and international IoT security vendors need detailed market analysis to identify growth segments, understand competitive positioning, and develop targeted strategies for the British market.
- Critical Infrastructure Operators : Utilities, energy, and transportation organisations in the UK must understand IoT security market trends and solutions to protect essential services and meet government resilience mandates.
- Technology Investors & Consultants : Private equity firms, venture capitalists, and management consultants require UK-specific market data to evaluate investment opportunities and advise clients on IoT security market dynamics.
- Government & Policy Makers : UK government agencies and policy bodies benefit from market insights to inform cybersecurity strategy, critical infrastructure protection initiatives, and digital transformation programme development.
Key Companies in the UK IoT Security Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| BELDEN INC | United States | Public Company | Industrial Ethernet switches and networking hardware,Structured cabling (enterprise and data infrastructure),Ruggedized fiber and copper cables, |
| QINETIQ GROUP PLC | United Kingdom | Public Company | Test and Training,Mission Support and Operations,Research and Development, |
| OOREDOO | Qatar | Public Company | Consumer mobile (voice, data, messaging, devices),Fixed broadband and pay TV (home and business),Enterprise connectivity and ICT (cloud, hosting, security, SD-WAN), |
| VIAVI SOLUTIONS | United States | Public Company | Network and Service Enablement – Field and Lab Test Instruments,Network and Service Enablement – Monitoring, Assurance, AIOps and Software,Optical Security and Performance Products – Anti-counterfeiting and Security, |
| BOOZ ALLEN HAMILTON | United States | Public Company | AI and advanced analytics solutions,Cybersecurity solutions and operations,Cloud-enabled infrastructure and data platforms, |
| ADLINK TECHNOLOGY INC. | Taiwan | Public Company | Edge computing platforms (industrial PCs, embedded computers, IoT gateways, edge AI platforms, AI smart cameras, robotic controllers),Computer-on-modules (COM Express, SMARC, Qseven, OSM, ETX, HPC),Rugged computing and railway systems (compactPCI, VPX, PC104, AVA railway computers, passenger information displays), |
| SPLUNK, INC | United States | Private Company | Security Operations (SIEM, Threat Detection, Investigation & Response, MDR, Deception),Observability (APM, Infrastructure Monitoring, Log Observability),IT Service Intelligence & IT Operations Analytics, |
| OBERTHUR TECHNOLOGIES | France | Private Company | Financial Services Institutions (payment cards and personalization),Mobile Network Operators (SIM, eSIM, mobile money, remote management),Connected Devices and Identity Markets, |
| PCCW | Hong Kong | Public Company | Telecom connectivity (fixed, mobile, broadband, international),Enterprise solutions, IT services, outsourcing and contact centers,Media and OTT (Viu, TV, advertising, content), |
| INTERTEK GROUP PLC | United Kingdom | Public Company | Consumer Products Testing & Certification,Corporate Assurance, Audits & Certification,Industry & Infrastructure Testing & Inspection, |
| MICROSOFT | United States | Public Company | Intelligent Cloud (Azure, Server, GitHub, Nuance, services),Productivity & Business Processes (Microsoft 365, LinkedIn, Dynamics),Personal Computing (Windows, Devices, Gaming, Search & News Ads), |
| FORTINET | United States | Public Company | Secure Networking & Firewalls (FortiGate, SD-WAN, WLAN, secure connectivity),Security Services & Subscriptions (FortiGuard, FortiCare, threat intelligence),Cloud, SASE & Cloud-Native Security, |
| IBM | United States | Public Company | Software (Hybrid Cloud & AI Platforms),Consulting (Strategy, Technology, Managed Services),Infrastructure (Servers, Storage, Lifecycle Services), |
| INTEL | United States | Public Company | Client Computing Group (CCG),Data Center and AI (DCAI),Intel Foundry, |
| CISCO | United States | Public Company | Enterprise networking (campus, data center, branch, wireless, interconnect),Security (network security, SASE, identity, threat detection and response),Collaboration (Webex suite, devices, contact center, CPaaS), |
| INFINEON | Germany | Public Company | Automotive (MCUs, power, sensors, connectivity),Green Industrial Power (IGBT, SiC modules, industrial drives),Power & Sensor Systems (MOSFETs, GaN, sensors, USB, RF), |
| ALLOT | Israel | Public Company | Allot Secure (NetworkSecure, HomeSecure, DNSecure, IoTSecure, EndpointSecure, BusinessSecure, Secure Cloud, Network Protection as a Service),DDoS Secure, NetProtect, 5GNetProtect,AllotSmart (Smart5G, SmartVisibility, SmartTraffic QoE, SmartPCC, SmartSentinel), |
| ATOS | France | Public Company | Cloud & Infrastructure (incl. sovereign, multi/private cloud, edge, modern mainframe),Digital Workplace & Collaboration,Digital Applications & Industry 360 (apps, assurance, PLM, low-code, IoT), |
| CHECK POINT | Israel | Public Company | Mesh Network Security (firewalls, gateways, security management),Workspace Security Platform (email, endpoint, mobile, browser, XDR),Threat Exposure Management and AI Security Platforms, |
| PALO ALTO NETWORKS | United States | Public Company | Network Security (Strata, VM-Series, CN-Series, subscriptions),SASE & Cloud Security (Prisma Access, CNAPP, Code to Cloud, Prisma AIRS),Security Operations (Cortex XSIAM, XDR, XSOAR, Xpanse, Unit 42), |
| ENTRUST | United States | Private Company | Public Key Infrastructure & Digital Certificates,IdentityGuard & Strong Authentication,Citizen eID, ePassports & Credential Issuance, |
| NXP SEMICONDUCTORS | Netherlands | Public Company | Microcontrollers & Application/Communication Processors,Wireless Connectivity (NFC, UWB, BLE, Zigbee, Thread, Wi-Fi SoCs),Analog, Interface & Power Mixed-Signal, |
BELDEN INC
Belden Inc. is a U.S.-based public company founded in 1902 that employs 8,000 people. The company operates as an established industrial manufacturer with over a century of operational history.
QINETIQ GROUP PLC
QinetiQ Group PLC is a United Kingdom-based public company founded in 2001 with 7,378 employees. The company operates in the defense and security technology sector.
OOREDOO
Ooredoo is a Qatar-based public company founded in 1987 with 16,717 employees. The company operates as a major telecommunications provider in the Middle East region.
VIAVI SOLUTIONS
Viavi Solutions is a U.S.-based public company founded in 1923 with 3,600 employees. The company operates in network testing and software solutions.
BOOZ ALLEN HAMILTON
Booz Allen Hamilton is a U.S.-based public company founded in 1914 with 31,500 employees. The company provides consulting, analytics, and digital solutions primarily to government and commercial clients.
ADLINK TECHNOLOGY INC.
ADLINK Technology Inc. is a Taiwan-based public company founded in 1995 with 342 employees. The company operates in the embedded computing and industrial automation sectors.
SPLUNK, INC
Splunk, Inc. is a U.S.-based private company founded in 2003 with 8,000 employees. The company provides data analytics and machine learning software solutions.
OBERTHUR TECHNOLOGIES
Oberthur Technologies is a France-based private company founded in 2011 with 6,127 employees. The company operates in the security and digital solutions sector.
PCCW
PCCW is a Hong Kong-based public company founded in 1925 with 14,600 employees. The company operates as a major telecommunications and media services provider.
INTERTEK GROUP PLC
Intertek Group PLC is a United Kingdom-based public company founded in 1885 with 45,425 employees. The company provides quality assurance, testing, and certification services globally.
MICROSOFT
Microsoft is a U.S.-based public company founded in 1975 with 228,000 employees. The company is a global leader in software, cloud computing, and technology solutions.
FORTINET
Fortinet is a U.S.-based public company founded in 2000 with 15,311 employees. The company specializes in cybersecurity and network security solutions.
IBM
IBM is a U.S.-based public company founded in 1911 with 264,300 employees. The company is a global technology and consulting corporation providing hardware, software, and services.
INTEL
Intel is a U.S.-based public company founded in 1968 with 85,100 employees. The company is a leading designer and manufacturer of semiconductor processors and computing technologies.
CISCO
Cisco is a U.S.-based public company founded in 1984 with 86,200 employees. The company is a global leader in networking, cybersecurity, and technology infrastructure solutions.
INFINEON
Infineon is a Germany-based public company founded in 1952 with 56,500 employees. The company is a leading manufacturer of semiconductors and microelectronics.
ALLOT
Allot is an Israel-based public company founded in 1996 with 362 employees. The company provides network intelligence and cybersecurity solutions.
ATOS
Atos is a France-based public company founded in 1982 with 57,624 employees. The company provides IT services, consulting, and digital transformation solutions globally.
CHECK POINT
Check Point is an Israel-based public company founded in 1993 with 6,825 employees. The company specializes in cybersecurity and network security software solutions.
PALO ALTO NETWORKS
Palo Alto Networks is a U.S.-based public company founded in 2005 with 21,491 employees. The company is a leading provider of cybersecurity platforms and solutions.
ENTRUST
Entrust is a U.S.-based private company founded in 1994 with 400 employees. The company operates in the digital security and identity management sector.
NXP SEMICONDUCTORS
NXP Semiconductors is a Netherlands-based public company founded in 2006 with 32,169 employees. The company is a leading manufacturer of semiconductors for automotive, industrial, and mobile applications.
Reasons to Buy this Report
- Regulatory Compliance Intelligence : Gain comprehensive insights into UK-specific GDPR requirements and emerging cybersecurity mandates affecting IoT deployments, enabling organisations to align security strategies with evolving regulatory landscapes.
- Sector-Specific Market Dynamics : Access detailed analysis of IoT security adoption patterns across UK critical infrastructure, healthcare, and manufacturing sectors, identifying growth opportunities and competitive positioning within high-value verticals.
- Investment Decision Support : Utilise accurate market sizing and CAGR projections to inform capital allocation decisions, vendor selection, and technology roadmap planning for UK-based enterprises and solution providers.
- Competitive Landscape Mapping : Understand the UK IoT security vendor ecosystem, emerging players, and market consolidation trends to identify partnership opportunities and competitive threats specific to the British market.
- Growth Opportunity Identification : Discover high-growth segments within the UK market, including edge computing security, 5G IoT protection, and smart city initiatives, to prioritise product development and go-to-market strategies.
Frequently asked questions
What is the current size of the UK IoT Security Market in 2024?
The UK IoT Security Market is valued at USD 1,531.4 million in 2024, with strong growth momentum driven by regulatory compliance and digital transformation initiatives.
What is the projected size of the UK IoT Security Market by 2029?
The UK IoT Security Market is forecast to reach USD 3,451.1 million by 2029, representing more than a doubling of market value over the five-year period.
What is the CAGR for the UK IoT Security Market?
The UK IoT Security Market is expected to grow at a compound annual growth rate (CAGR) of 17.6% from 2024 to 2029.
Which sectors are driving IoT security demand in the UK?
Critical infrastructure, healthcare, manufacturing, financial services, and smart city projects are the primary sectors driving IoT security adoption and investment in the UK.
What regulatory factors influence the UK IoT Security Market?
GDPR, NCSC cybersecurity guidance, the Online Safety Bill, and sector-specific regulations compel UK organizations to invest in robust IoT security solutions and compliance frameworks.
RESEARCH METHODOLOGY
The study involved major activities in estimating the current market size for the IoT security market. Exhaustive secondary research was done to collect information on the IoT security industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments of the IoT security market segments and subsegments of the IoT security market.
Secondary Research
The market for companies offering IoT security solutions is determined by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases.
In the secondary research process, various secondary sources were referred to for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, investor presentations of IoT security vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry’s value chain, the total pool of key players, market classification, and segmentation from market and technology-oriented perspectives and segmentation from the market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the IoT security market.
After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, competitive landscape of IoT security solutions offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.
In the complete market engineering process, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information and insights throughout the report to list the key information/insights throughout the report.
BREAKDOWN OF PRIMARY INTERVIEW PARTICIPANTS
Others include sales managers, marketing managers, and product managers.
Note: Tier 1 companies are those with total annual revenue > USD 10 billion; tier 2 companies are those with total annual revenue between USD 1 and 10 billion; and tier 3 companies are those with total annual revenue between USD 500 million and 1 billion
RoW includes the Middle East & Africa, and Latin America
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Top-down and bottom-up approaches were used to estimate and validate the size of the global IoT security market and estimate the size of various other dependent sub-segments in the overall IoT security market.
The research methodology used to estimate the market size includes the following details:
- Key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives.
- All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added to detailed inputs and analysis from MarketsandMarkets.
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
IoT security is the practice of securing IoT devices and the networks they are connected to. The interconnectedness of IoT presents a substantial challenge to enterprises in terms of security risks arising from shadow devices connected to the network. IoT security solutions and services minimize IoT security concerns and protect organizations, people, processes, and data from threats, thus lowering the losses caused by cyberattacks on connected devices.
Key Stakeholders
- Global managed service providers
- Cloud Service Providers (CSPs)
- Independent Software Vendors (ISVs)
- System integrators
- Value-added Resellers (VARs)
- Chief Financial Officers (CFOs)
- Information Technology (IT) Directors
- Small and Medium-sized Enterprises (SMEs)
- IT strategy consultants
- Technology partners
- Research organizations
- Enterprise users
Report Objectives
- To define, describe, and forecast the IoT security market based on offering, solution, application, and region.
- To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To analyze opportunities for stakeholders by identifying the high-growth segments of the market
- To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
- To analyze subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market
- To profile the key players and comprehensively analyze their market sizes and core competencies
- To track and analyze competitive developments such as product enhancements and product launches, acquisitions, and partnerships & collaborations in the market globally.
Available customizations:
With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:
Company information
- Detailed analysis and profiling of additional market players (up to 5)
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