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M2M Security Market Size and Forecast, by Type (Hardware Systems, Software Services); Application (Household, Industrial, Retail and Payment Industries, Logistics and Transportation Industries, Healthcare) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 6924
  • Published Date: Sep 18, 2025
  • Report Format: PDF, PPT

M2M Security Market Outlook:

M2M Security Market size was valued at USD 31.94 billion in 2025 and is expected to reach USD 64.02 billion by 2035, registering around 7.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of M2M security is evaluated at USD 34.01 billion.

M2M Security Market Overview
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The demand for machine-to-machine (M2M) security services and solutions is rapidly gaining traction across several sectors due to the rising cybersecurity threats, including ransomware, malware, hacking attempts, and data breaches. According to data from the Center for Strategic and International Studies, around 33 billion accounts were susceptible to data breaches in 2023, and 80,000 cyberattacks were reported. In another instance reported by the Council of Foreign Relations, in November 2023, Chinese cybercriminals targeted around 24 Cambodian government networks such as National Defense, election oversight, finance, natural resources, and telecommunications agencies. Governments and companies steadily recognize the importance of securing M2M networks to safeguard sensitive data and maintain operational integrity.

Moreover, the rising proliferation of Internet of Things (IoT) devices and applications in smart homes, logistics, agriculture, industrial automation, and automobiles has resulted in increasing adoption of M2M security solutions. According to a report, the number of IoT devices has increased from 10 billion in 2019 to 18.5 billion in 2024. As these devices handle professional, financial, and critical business data, the risk of interception is higher. Thus, several sectors are incorporating personalized M2M security services, targeting data encryption, authentication, and intrusion detection.

Key M2M Security Market Insights Summary:

  • Regional Highlights:

    • North America M2M security market will account for 45.70% share by 2035, driven by robust technological infrastructure, advanced tech integration, and IoT ecosystem expansion.
    • Asia Pacific market will exhibit the fastest growth during the forecast period 2026-2035, attributed to rapid expansion of IoT solutions, rising smart city projects, and 5G advancements.

  • Segment Insights:

    • The software services segment in the m2m security market is anticipated to capture a 52.70% share by 2035, driven by the rising need for robust cybersecurity solutions and real-time monitoring in IoT networks.
    • The logistics and transportation segment in the m2m security market is anticipated to achieve robust growth till 2035, driven by high IoT adoption and the need for real-time tracking and automation in logistics.

  • Key Growth Trends:

    • Rapid advancements in cellular technologies
    • Government efforts to strengthen IoT security standards

  • Major Challenges:

    • Rising concerns related to cyber-attacks and supply chain distribution
    • Limited computational resources in devices and lack of standardization

  • Key Players: Sierra Wireless, PTC, Gemalto, Digi International, Eurotech, NetComm Wireless, Netop, Novatel Wireless, SIMCom Wireless Solutions, Systech, and Rakuten Symphony.

Global M2M Security Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 31.94 billion
    • 2026 Market Size: USD 34.01 billion
    • Projected Market Size: USD 64.02 billion by 2035
    • Growth Forecasts: 7.2% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: North America (45.7% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: United States, China, Germany, United Kingdom, Japan
    • Emerging Countries: China, India, Japan, South Korea, Singapore

    • Last updated on : 18 September, 2025

Growth Drivers

  • Rapid advancements in cellular technologies: The deployment of 5G networks for cellular M2M communication, with ultralow and massive device connectivity has resulted in growing need for M2M security solutions. Smart city projects, autonomous vehicles, and the healthcare sector widely rely on cellular M2M solutions, requiring robust security measures to prevent data interception and hacking. One of the widely used cellar technologies for secure M2M communication is NB-IoT and LTE-M which are tailored for low-power devices. In addition, rising SIM-specific security risks and data interception is expected to drive M2M security market during the forecast period.

  • Government efforts to strengthen IoT security standards: Several governments, regulatory bodies and industry associations around the globe are introducing frameworks and guidelines aimed at securing IoT and M2M ecosystems. Countries such as the U.S, UK and EU are enacting laws requiring manufacturing to implement strong security features for connected devices. This has resulted in better streamlining of processes across various sectors. 

Challenges

  • Rising concerns related to cyber-attacks and supply chain distribution: The interconnected nature of M2M systems can expose the supply chain to cyber threats. Connected devices can be exploited for large-scale Distributed Denial-of-Service (DDoS) attacks. One such example is the Mirai botnet incident that targeted devices such as IP cameras, routers, and DVRs of a major DNS provider, Dyn, and turned these devices into bots. In addition, the involvement of multiple vendors and suppliers can increase vulnerabilities at weak security points, hampering the overall M2M security market growth.

  •  Limited computational resources in devices and lack of standardization: Many M2M devices are resource-constrained with minimal processing power, energy reserves, and memory that limits its ability to support advanced security measures. Different industries employ diverse protocols such as CoAP, MQTT, and Zigbee, complicating cross-platform security standardization. This can increase potential vulnerabilities, as attackers can exploit weaker links in the chain.

M2M Security Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

7.2%

Base Year Market Size (2025)

USD 31.94 billion

Forecast Year Market Size (2035)

USD 64.02 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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M2M Security Market Segmentation:

Type Segment Analysis

The software services segment is predicted to capture over 52.7% M2M security market share by 2035. This can be attributed to the growing need for robust software to cater to risks associated with cyberattacks and rising adoption of IoT devices across several industries. The adoption of advanced cloud-based M2M security software has rapidly increased due to its ability to provide real-time monitoring and updates for large-scale networks of devices. This has encouraged industry giants to develop software solutions equipped with advanced technologies such as AI and ML.

Application Segment Analysis

Based on applications, the logistics and transportation segment in M2M security market is likely to witness robust revenue growth during the forecast period owing to high adoption of IoT in the logistics and transportation industry, growing need to enhance visibility in supply chains, and rapid expansion of cross-border trade and e-commerce. M2M security is crucial in logistics and transportation as it ensures seamless communication, automation, and data management across the supply chain. It provides real-time asset tracking, monitoring, and data collection and enhances inventory management, warehouse automation, fleet management, route optimization, and supply chain visibility.  Several key players are heavily investing in deploying secure M2M communications. One of the recent developments is the launch of a low-code supply chain platform by Settyl in October 2022, designed to enhance the shipping experience.

Our in-depth analysis of the global M2M security market includes the following segments:

Type
  • Hardware Systems
  • Software Services

Application

  • Household
  • Industrial
  • Retail and Payment Industries
  • Logistics and Transportation Industries
  • Healthcare 
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Head - Global Business Development

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M2M Security Market Regional Analysis:

North America Market Insights

By 2035, North America M2M security market is set to capture over 45.7% revenue share, owing to the presence of robust technological infrastructure, increasing integration of advanced technologies such as blockchain, AI, and ML to enhance the efficiency of M2M security solutions, and rising number of connected devices and rapidly expanding IoT ecosystem. In addition, companies and enterprises across several sectors in this region adhere to stringent regulations and standards regarding implementing comprehensive M2M security solutions. This is expected to increase the demand for advanced M2M security networks.  

In the U.S., the M2M security market is likely to hold a significant market share during the forecast period owing to the rising need for advanced secure M2M solutions to protect sensitive data between healthcare, manufacturing, automotive, and transportation devices. Companies and franchises focused on implementing the Cybersecurity Improvement Act 2020 and California IoT Security Law to regulate the security of IoT devices. This is expected to fuel M2M security market growth and promote the adoption of M2M security solutions.

Canada is an emerging hub for advanced technologies like IoT. Several investments in smart homes, agriculture, and connected healthcare along with cybersecurity strategies are expected to boost sales of M2M security services. Startups and key players such as Telus and Bella Canada are focused on developing secure M2M for 5G networks and other cutting-edge technologies.

Asia Pacific Market Insights

The M2M security market in Asia Pacific is expected to expand at a fast pace between 2026 and 2035 owing to the growing need for robust security catering to the rapid expansion of IoT solutions across several sectors and rising smart city projects in India, China, and Japan. Countries such as China, Japan, South Korea, and Australia are advancing in 5G technology development, significantly enhancing the need for M2M solutions.  According to a study, APAC is expected to become one of the leading regions for M2M security adoption and innovation, taking into consideration its growth in 5G technology, IoT, and smart infrastructure projects.

Rapid digitalization in India across banking, e-commerce, and manufacturing has resulted in growing need for M2M security to safeguard sensitive data. Other factors such as technological advancements in M2M solutions, rising awareness about cybersecurity and favorable government initiatives are expected to boost M2M security market growth in India going ahead.

China is one of the global leaders in IoT device production and development which has resulted in increasing need for scalable and reliable M2M security solutions. In addition, proliferation of IoT devices across several sectors, high adoption of 5G networks, and presence of leading companies focused on fulfilling the growing demand are expected to drive China M2M security market.

M2M Security Market share
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M2M Security Market Players:

    The global M2M security market is characterized by a diverse range of key players offering several products and services to secure M2M communications. These key players are focused on offering advanced security solutions to cater to growing adoption of connected devices and IoT across various industries. Cisco Systems, KORE Wireless, Sierra Wireless, Digi International, and Eurotech are some industry giants that are heavily investing in R&D activities and adopting several strategies such as mergers and acquisitions, partnerships, joint ventures, license agreements, and product launches to sustain their market position and enhance their product base. Some of the key players operating in the M2M security market include:

    • Cisco Systems
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Sierra Wireless
    • PTC
    • Gemalto
    • Digi International
    • Eurotech
    • NetComm Wireless
    • Netop
    • Novatel Wireless
    • SIMCom Wireless Solutions
    • Systech
    • Rakuten Symphony

Recent Developments

  • In October 2023, M2M Services, a global supplier of universal alarm panel communicators, connectivity and interactive services announced its merger with Alula, a leading provider of smart security and IoT services. Through this merger, the companies plan to strengthen their products and services and cater to ever-evolving demands of the smart security market.
  • In September 2023, Johnson Controls announced the launch of OpenBlue Service to help consumers enhance their building safety and manage risks.
  • Report ID: 6924
  • Published Date: Sep 18, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of M2M security is evaluated at USD 34.01 billion.

The global M2M security market size exceeded USD 31.94 billion in 2025 and is set to register a CAGR of around 7.2%, exceeding USD 64.02 billion revenue by 2035.

North America M2M security market will account for 45.70% share by 2035, driven by robust technological infrastructure, advanced tech integration, and IoT ecosystem expansion.

Key players in the market include Sierra Wireless, PTC, Gemalto, Digi International, Eurotech, NetComm Wireless, Netop, Novatel Wireless, SIMCom Wireless Solutions, Systech, and Rakuten Symphony.

M2M Security Market Report Scope

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