U.S. Internet of Things (IoT) MarketU.S. Internet of Things (IoT) Market 2024 to Grow at 24.7 CAGR with 98.09 USD billion Market Size: Analysis and Forecasts 2032
U.S. Internet of Things (IoT) Market by Component (Platform, Solution & Services), by End-use Industry (BFSI, Retail, Government, Healthcare, Manufacturing, Agriculture, Sustainable Energy, Transportation, IT & Telecom, Others), Forecast 2024-2032
Base Year: 2023
150 Pages
U.S. Internet of Things (IoT) Market 2024 to Grow at 24.7 CAGR with 98.09 USD billion Market Size: Analysis and Forecasts 2032
Key Insights
The U.S. Internet of Things (IoT) Market size was valued at USD 98.09 USD billion in 2023 and is projected to reach USD 459.93 USD billion by 2032, exhibiting a CAGR of 24.7 % during the forecast period. The U.S. market for the Internet of Things (IoT) has become more diverse because it has a strong effect on an extended area of industries. It can be important to connect different devices and sensors to the internet to carry over and share the data, it makes automation, efficiency, and faster making decisions possible. The United States is among the countries that see Internet of Things technologies in smart homes, healthcare, agriculture, manufacturing, and decision-making, among other applications. The main possible applications are remote surveillance, time-wave standing of the equipment, and asset tracking. To illustrate, the merger of IoT and AI and ML for more thorough data analytics, the setting up of 5G networks to support massive IoT connectivity, and the enhanced data protection related to cyber security are vital trends in the US IoT market.
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U.S. Internet of Things (IoT) Trends
- Rising adoption of IoT devices across various industries, including manufacturing, healthcare, retail, and transportation.
- Advancements in cloud computing and analytics, enabling efficient data processing and insights generation.
- Growing emphasis on smart cities and connected infrastructure.
Driving Forces: What's Propelling the U.S. Internet of Things (IoT) Market
- Government initiatives and support for IoT development.
- Increasing demand for data-driven insights and operational efficiency.
- Technological advancements in sensor technologies and connectivity options.
Challenges and Restraints in U.S. Internet of Things (IoT) Market
- Cybersecurity concerns and data privacy issues.
- Lack of interoperability and data integration challenges.
- Deployment and maintenance costs associated with IoT solutions.
Emerging Trends in U.S. Internet of Things (IoT)
- Adoption of low-power wide-area networks (LPWANs) for connectivity.
- Integration of artificial intelligence (AI) and machine learning (ML) in IoT devices.
- Rise of edge computing for real-time data processing.
Growth Catalysts in U.S. Internet of Things (IoT) Industry
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- Government investments in smart infrastructure projects.
- Increasing adoption of cloud-based IoT platforms.
- Growing demand for IoT solutions in healthcare and manufacturing.
Market Segmentation: U.S. Internet of Things (IoT) Analysis
Component
- Platform
- Solution & Services
End-use Industry
- BFSI
- Retail
- Government
- Healthcare
- Manufacturing
- Agriculture
- Sustainable Energy
- Transportation
- IT & Telecom
- Others
Leading Players in the U.S. Internet of Things (IoT) Market
Significant developments in U.S. Internet of Things (IoT) Sector
- Partnerships and collaborations between IoT technology providers and industry players.
- Investments in research and development of innovative IoT solutions.
- Launch of new IoT-related products and services.
Comprehensive Coverage U.S. Internet of Things (IoT) Market Report
- Executive Summary
- Market Definition and Scope
- Market Segmentation
- Competitive Landscape
- Driving Forces and Challenges
- Emerging Trends
- Growth Catalysts
- Five Forces Analysis
- Regional Insight
- Recent Mergers & Acquision
- Regulation
- Patent Analysis
- Analyst Comment
Regional Insight
- The U.S. East Coast is a major hub for IoT development, with a concentration of technology companies and research institutions.
- The West Coast is also a significant IoT market, with a focus on innovation and emerging technologies.
- The Midwest and South are growing markets for IoT adoption, driven by industrial and agricultural sectors.
Recent Mergers & Acquisition
- Microsoft's acquisition of Nuance Communications to enhance its AI and IoT capabilities.
- Google's investment in SmartThings to expand its IoT offerings.
Regulation
- The IoT industry is regulated by various laws and regulations, including data privacy, cybersecurity, and electromagnetic interference.
Patent Analysis
- The IoT market has witnessed a surge in patent filings, indicating significant innovation and competition.
Analyst Comment
- IoT has the potential to transform industries and improve efficiency, but it also presents challenges that need to be addressed for sustainable growth.
U.S. Internet of Things (IoT) Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 24.7 %% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increased Number of Relevant Partnerships and Collaborations to Achieve Advancements in Artificial Intelligence Technology
- 3.3. Market Restrains
- 3.3.1. Lack of Data Security Associated with Connected Devices to Hinder the Market Growth
- 3.4. Market Trends
- 3.4.1. Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Component
- 5.1.1. Platform
- 5.1.2. Solution & Services
- 5.2. Market Analysis, Insights and Forecast - by End-use Industry
- 5.2.1. BFSI
- 5.2.2. Retail
- 5.2.3. Government
- 5.2.4. Healthcare
- 5.2.5. Manufacturing
- 5.2.6. Agriculture
- 5.2.7. Sustainable Energy
- 5.2.8. Transportation
- 5.2.9. IT & Telecom
- 5.2.10. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.1. Market Analysis, Insights and Forecast - by Component
- 6. Northeast U.S. Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Component
- 6.1.1 Platform
- 6.1.2 Solution & Services
- 6.2. Market Analysis, Insights and Forecast - By End-use Industry
- 6.2.1 BFSI
- 6.2.2 Retail
- 6.2.3 Government
- 6.2.4 Healthcare
- 6.2.5 Manufacturing
- 6.2.6 Agriculture
- 6.2.7 Sustainable Energy
- 6.2.8 Transportation
- 6.2.9 IT & Telecom
- 6.2.10 and Others
- 7. Southeast U.S. Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Component
- 7.1.1 Platform
- 7.1.2 Solution & Services
- 7.2. Market Analysis, Insights and Forecast - By End-use Industry
- 7.2.1 BFSI
- 7.2.2 Retail
- 7.2.3 Government
- 7.2.4 Healthcare
- 7.2.5 Manufacturing
- 7.2.6 Agriculture
- 7.2.7 Sustainable Energy
- 7.2.8 Transportation
- 7.2.9 IT & Telecom
- 7.2.10 and Others
- 8. Midwest U.S. Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Component
- 8.1.1 Platform
- 8.1.2 Solution & Services
- 8.2. Market Analysis, Insights and Forecast - By End-use Industry
- 8.2.1 BFSI
- 8.2.2 Retail
- 8.2.3 Government
- 8.2.4 Healthcare
- 8.2.5 Manufacturing
- 8.2.6 Agriculture
- 8.2.7 Sustainable Energy
- 8.2.8 Transportation
- 8.2.9 IT & Telecom
- 8.2.10 and Others
- 9. Southwest U.S. Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Component
- 9.1.1 Platform
- 9.1.2 Solution & Services
- 9.2. Market Analysis, Insights and Forecast - By End-use Industry
- 9.2.1 BFSI
- 9.2.2 Retail
- 9.2.3 Government
- 9.2.4 Healthcare
- 9.2.5 Manufacturing
- 9.2.6 Agriculture
- 9.2.7 Sustainable Energy
- 9.2.8 Transportation
- 9.2.9 IT & Telecom
- 9.2.10 and Others
- 10. West U.S. Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Component
- 10.1.1 Platform
- 10.1.2 Solution & Services
- 10.2. Market Analysis, Insights and Forecast - By End-use Industry
- 10.2.1 BFSI
- 10.2.2 Retail
- 10.2.3 Government
- 10.2.4 Healthcare
- 10.2.5 Manufacturing
- 10.2.6 Agriculture
- 10.2.7 Sustainable Energy
- 10.2.8 Transportation
- 10.2.9 IT & Telecom
- 10.2.10 and Others
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 SAP (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 PTC (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Cisco (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 IBM (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Microsoft (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Intel (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Siemens (Germany)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 AWS (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Oracle (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 GE (U.S)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 SAP (U.S.)
List of Figures
- Figure 1: U.S. Internet of Things (IoT) Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Internet of Things (IoT) Market Value Share (%), by Component 2023 & 2031
- Figure 3: U.S. Internet of Things (IoT) Market Value Share (%), by End-use Industry 2023 & 2031
- Figure 4: U.S. Internet of Things (IoT) Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 2: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 3: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 4: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 5: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 6: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 7: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 8: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 9: U.S. Internet of Things (IoT) Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 10: Northeast U.S. Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 11: Southeast U.S. Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 12: Midwest U.S. Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 13: Southwest U.S. Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 14: West U.S. Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 24.7 %% from 2018-2032 |
| Segmentation |
|
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