The Latin America, Middle East and Africa IoT Security Market would witness market growth of 28.2% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA IoT Security Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $2,895.6 million by 2032. The Argentina market is expected to witness a CAGR of 29.2% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 26.8% during (2025 - 2032).
Artificial Intelligence (AI) and Machine Learning (ML) are also instrumental in enhancing the security of IoT by enabling real-time threat detection, anomaly recognition, and automated responses. Unlike traditional reactive systems, AI- and ML-driven security solutions can proactively analyze massive streams of IoT data, identify unusual behavior, and take preventive action before damage occurs. This is crucial in large-scale or mission-critical environments—like healthcare or smart cities—where manual monitoring isn't feasible. For example, in healthcare settings, AI can monitor connected devices like insulin pumps or pacemakers to ensure they function safely and within expected parameters, minimizing risks to patient safety.
Major tech companies are already integrating AI and ML into their IoT security platforms. IBM's QRadar, paired with Watson AI, helps detect and respond to threats across complex IoT networks. Cisco SecureX unifies threat detection and automated response in IoT environments using AI-driven insights. Similarly, Microsoft Defender for IoT uses ML algorithms to detect anomalies and deliver threat intelligence in sectors such as manufacturing and energy. As AI and ML continue to evolve—especially with the rise of edge AI—these technologies are set to become the backbone of next-generation IoT security systems.
The government's increasing use of IoT in South Africa for smart governance, utility management, and e-services has triggered growing concerns about cybersecurity vulnerabilities. As cities adopt smart meters, surveillance systems, and traffic optimization solutions, securing these public-facing systems has become imperative. The Department of Communications and Digital Technologies (DCDT) has recognized the urgency of cybersecurity, pushing for updates to South Africa’s Cybercrimes Act and advocating for a National Cybersecurity Policy Framework (NCPF) that includes IoT-specific risk management. Government-led infrastructure digitization and growing citizen engagement in online services catalyze the development of a more structured IoT security environment, especially at the policy and institutional levels. Hence, as the digital transformation wave spreads across Latin America, the Middle East, and Africa, IoT security is no longer an optional add-on—it’s becoming a cornerstone of national and regional resilience.
Free Valuable Insights: The Worldwide IoT Security Market is Projected to reach USD 165.08 Billion by 2032, at a CAGR of 25.2%
Based on Component, the market is segmented into Solutions, and Services. Based on Security Type, the market is segmented into Network Security, Cloud Security, Endpoint Security, Application Security, and Other Security Type. Based on End-use, the market is segmented into Energy & Utilities, Manufacturing, Automotive, Healthcare, Transport, Consumer Electronics, and Other End-use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Component
By Security Type
By End-use
By Country
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