라틴아메리카의 IoT 보안 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, Latin America IoT security market size in 2026 is estimated at USD 1.95 billion, growing from 2025 value of USD 1.8 billion with 2031 projections showing USD 2.87 billion, growing at 8.12% CAGR over 2026-2031.

This report is Segmented by Type of Security (Network Security, Endpoint Security and More), Solutions (Identity and Access Management (IAM), Intrusion Prevention System (IPS) and More), End-User (Healthcare, Manufacturing and More), by Deployment Model and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Latin America IoT Security Market Trends and Insights

Roll-out of Smart-Surveillance Cities (Brazil PAC 4.0)

Brazil's PAC 4.0 program obliges municipalities to protect video sensors and data lakes with strong encryption, micro-segmentation, and AI-driven anomaly detection. City procurements reference international standards, prompting vendors to certify devices for ISO / IEC 27001 compliance. Neighbouring capitals replicate procurement templates, enlarging the addressable base for endpoint and network-access controls. Integrators report that surveillance contracts specify centralised security-operations dashboards able to correlate OT and IT events in real time. The requirement for tamper-proof audit trails also drives demand for secure hardware modules that remain scarce due to global crypto-chip shortages.

Telco NB-IoT Network Hardening Upsell

Mobile operators now package fraud-prevention APIs, secure bootstrapping, and SIM-level encryption with every NB-IoT line activation, turning connectivity into a security-enhanced service. Mexico's four carriers jointly unveiled Open Gateway security APIs in 2024, and early adopter banks use these tools to cut SIM-swap fraud incidents by double digits. Similar offerings appear in Colombia and Chile as 5G standalone cores come online. Contract terms increasingly bundle AI-based threat scoring engines that analyse signalling traffic to block botnet formation. For operators, these services raise average revenue per user while locking in enterprise customers for multiyear periods.

Crypto-Chip Supply Crunch (FAB Shift to AI)

Foundries redirect capacity toward high-margin AI accelerators, limiting secure element shipments that protect IoT credentials at hardware level. Device makers face lead-times that exceed 40 weeks, forcing many to ship boards equipped with software-only key storage that attackers can bypass. Price hikes of up to 70% for trusted-platform modules inflate bill-of-materials costs, squeezing margins for local OEMs supplying municipal projects. Some buyers postpone rollouts until supply stabilises, translating into slower endpoint security revenue recognition for vendors. Governments consider temporary import-tariff waivers to encourage rapid sourcing from alternate geographies.

Other drivers and restraints analyzed in the detailed report include:

1. Zero-Trust Mandate in Chile Critical-Infra Law
2. IoT Insurance-Premium Discounts
3. Fragmented Privacy Regimes Across Latin America

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Network Security generated USD 676.3 million in 2025, equal to 37.57% of the Latin America IoT security market share, as perimeter firewalls and secure gateways remained baseline safeguards for expanding device fleets. The Cloud Security segment is forecast to add USD 492 million by 2031, climbing at an 11.05% CAGR as enterprises migrate workloads and insist on policy consistency across multi-cloud tenancy. Hybrid work models also fuel demand for zero-trust network-access solutions that blend on-premises and SaaS controls.

Cloud-native platforms now bundle posture management, runtime protection, and software bill-of-materials scanning in one subscription, reducing tool sprawl. Microsoft's firmware analysis preview underscores a pivot toward deep code visibility that spans device, network, and cloud layers. As these converged offerings mature, analysts expect the Latin America IoT security market to rebalance, yet network appliances will still sell into brownfield industrial sites where cloud reach remains limited.

Identity and Access Management tools booked USD 426.3 million in 2025, translating to 23.68% contribution to the Latin America IoT security market size. They form the authentication backbone for millions of sensors plugging into corporate clouds. Security and Vulnerability Management grows fastest at a 12.28% CAGR, reflecting heightened board-level focus on continuous exposure scoring after high-profile ransomware incidents. Automated SBOM generation enters mainstream procurement criteria, aligning products with forthcoming EU Cyber Resilience Act requirements.

Intrusion Prevention Systems stay relevant for manufacturing lines that demand deterministic latency and immediate packet blocking. Data Loss Protection enjoys regulatory pull in healthcare where electronic patient-record breaches carry steep fines. Consolidated threat-management bundles gain traction among mid-tier firms that cannot staff specialist teams for each protection layer. Vendors that integrate telemetry across these modules position themselves to capture cross-sell revenue streams as compliance obligations tighten.

Complete Report Scope:

• By Type of Security
  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Others
• By Solutions
  • Identity and Access Management (IAM)
  • Intrusion Prevention System (IPS)
  • Data Loss Protection (DLP)
  • Unified Threat Management (UTM)
  • Security and Vulnerability Management (SVM)
  • Network Security Forensics (NSF)
  • Others
• By Deployment Model
  • On-Premise
  • Cloud
  • Hybrid
• By End-User
  • Healthcare
  • Manufacturing
  • Utilities
  • BFSI
  • Retail
  • Government
  • Others
• By Geography
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Rest of Latin America

List of Companies Covered in this Report:

1. IBM Corporation
2. Cisco Systems Inc.
3. Microsoft Corporation
4. Palo Alto Networks Inc.
5. Fortinet Inc.
6. Check Point Software Technologies Ltd.
7. Trend Micro Inc.
8. Kaspersky Lab
9. NortonLifeLock Inc. (Symantec)
10. FireEye Inc.
11. Sophos Group plc
12. Infineon Technologies AG
13. ARM Ltd.
14. Gemalto NV (Thales Group)
15. AWS (IoT Device Defender)
16. Oracle Corp. (IoT Cloud Security)
17. Rapid7 Inc.
18. Tenable Inc.
19. Telefonica Tech (LA)
20. Amrica Mvil IoT Security
21. WurldTech (Security for OT)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Roll-out of Smart-Surveillance Cities (Brazil PAC 4.0)
  • 4.2.2 Telco NB-IoT Network Hardening Upsell
  • 4.2.3 Zero-Trust Mandate in Chile Critical-Infra Law
  • 4.2.4 IoT Insurance-Premium Discounts
  • 4.2.5 Open-source SBOM Tooling in Edge-Linux
• 4.3 Market Restraints
  • 4.3.1 Crypto-chip Supply Crunch (FAB shift to AI)
  • 4.3.2 Fragmented Privacy Regimes across LATAM
  • 4.3.3 Legacy 3G Devices with Un-patchable Firmware
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Investment Analysis

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Type of Security
  • 5.1.1 Network Security
  • 5.1.2 Endpoint Security
  • 5.1.3 Application Security
  • 5.1.4 Cloud Security
  • 5.1.5 Others
• 5.2 By Solutions
  • 5.2.1 Identity and Access Management (IAM)
  • 5.2.2 Intrusion Prevention System (IPS)
  • 5.2.3 Data Loss Protection (DLP)
  • 5.2.4 Unified Threat Management (UTM)
  • 5.2.5 Security and Vulnerability Management (SVM)
  • 5.2.6 Network Security Forensics (NSF)
  • 5.2.7 Others
• 5.3 By Deployment Model
  • 5.3.1 On-Premise
  • 5.3.2 Cloud
  • 5.3.3 Hybrid
• 5.4 By End-User
  • 5.4.1 Healthcare
  • 5.4.2 Manufacturing
  • 5.4.3 Utilities
  • 5.4.4 BFSI
  • 5.4.5 Retail
  • 5.4.6 Government
  • 5.4.7 Others
• 5.5 By Geography
  • 5.5.1 Brazil
  • 5.5.2 Mexico
  • 5.5.3 Argentina
  • 5.5.4 Colombia
  • 5.5.5 Chile
  • 5.5.6 Peru
  • 5.5.7 Rest of Latin America

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 IBM Corporation
  • 6.4.2 Cisco Systems Inc.
  • 6.4.3 Microsoft Corporation
  • 6.4.4 Palo Alto Networks Inc.
  • 6.4.5 Fortinet Inc.
  • 6.4.6 Check Point Software Technologies Ltd.
  • 6.4.7 Trend Micro Inc.
  • 6.4.8 Kaspersky Lab
  • 6.4.9 NortonLifeLock Inc. (Symantec)
  • 6.4.10 FireEye Inc.
  • 6.4.11 Sophos Group plc
  • 6.4.12 Infineon Technologies AG
  • 6.4.13 ARM Ltd.
  • 6.4.14 Gemalto NV (Thales Group)
  • 6.4.15 AWS (IoT Device Defender)
  • 6.4.16 Oracle Corp. (IoT Cloud Security)
  • 6.4.17 Rapid7 Inc.
  • 6.4.18 Tenable Inc.
  • 6.4.19 Telefonica Tech (LA)
  • 6.4.20 Amrica Mvil IoT Security
  • 6.4.21 WurldTech (Security for OT)

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-space and Unmet-Need Assessment