US IoT Market by Connectivity (Cellular, LP-WAN, Satellite), Software (IoT Platforms, Application Software, Analytics Software, Security & Safety Software), Focus Area (Smart Manufacturing, Smart Energy & Utilities, Smart Healthcare - Forecast to 2030

icon1
USD 220.47 BN
MARKET SIZE, 2030
icon2
CAGR 7.7%
(2025-2030)
icon3
100
REPORT PAGES
icon4
20
MARKET TABLES

OVERVIEW

us-iot-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY TAKEAWAYS

  • By Module Type
    By module type, the services segment is expected to register the highest CAGR of 8.8%.
  • By Hardware
    By hardware, the modules/sensors segment held the largest market size in 2025.
  • By Connectivity
    By connectivity, the satellite segment is expected to be the fastest-growing, at a CAGR of 13.2% during the forecast period.
  • By Software
    By software, the IoT platforms segment dominated the market in 2025.
  • By Service
    By service, the managed services segment is expected to have a CAGR of 9.2% during the forecast period.
  • By Focus Area
    By focus areas, the smart manufacturing segment is projected to hold the largest market size of 34.15 USD billion in 2025.
  • Competitive Landscape - Key Players
    Companies such as Cisco, AWS, Microsoft, IBM, and Qualcomm were identified as some of the star players in the US IoT market, given their strong market share and product footprint.
  • Competitive Landscape - Startups/SMEs
    Companies such as Particle, Clearblade, Telit Cinterion, and Losant, among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.

The US IoT market is gaining momentum as enterprises push for real-time visibility into assets, people, and workflows to reduce delays and improve operational efficiency. Advances in sensor accuracy, cloud analytics, and AI automation are making indoor positioning an essential backbone for smarter buildings and connected operations.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The impact on consumers' business stems from customer trends or disruptions. Hotbets are clients in manufacturing (IIoT), utilities, smart cities, healthcare devices, retail & logistics, automotive/transportation, agriculture, and commercial buildings, all buying managed IoT platforms, connectivity, edge compute, and device-security services. Disruptions include fragmentation of standards and interoperability, rising device security & privacy regulation, supplier & silicon constraints, vendor consolidation, the emergence of vertical-specific platform players, and real-time analytics.

us-iot-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Hyper-scale 5G and edge AI integration
  • Expansion of medical-grade IoT (IoMT)
RESTRAINTS
Impact
Level
  • High upfront deployment costs at scale
  • Evolving cybersecurity mandates
OPPORTUNITIES
Impact
Level
  • Space-based IoT for remote monitoring
  • Generative AI-driven device management
CHALLENGES
Impact
Level
  • Interoperability in smart home ecosystem
  • Critically specialized talent shortage

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Hyper-Scale 5G and edge AI integration

With the most advanced 5G infrastructure in the world, U.S. companies are rapidly shifting data processing from centralized cloud systems to the network edge. This shift enables near-instant decision-making in areas such as autonomous logistics, smart retail, and high-speed industrial automation, where microsecond delays matter. By processing data locally on devices or at base stations, businesses can significantly reduce bandwidth costs and improve privacy by keeping sensitive information on-site. This combination of fast connectivity and local intelligence is driving a new generation of autonomous applications that were once impossible, solidifying the US as a leader in real-time industrial AI.

Restraint: High upfront deployment costs at scale

Even with clear long-term returns, the upfront investment for broad, enterprise-wide IoT systems remains a major challenge for mid-sized companies. The high cost of specialized industrial hardware, combined with the expense of integrating these modern systems with legacy, fragile IT environments, often halts promising projects in what is known as "pilot purgatory." Moreover, the need for specialized consulting to ensure these systems can scale adds another financial strain. Many organizations recognize that while the technology is available, the path to full deployment is too challenging without significant external financing or government support.

Opportunity: Space-based IoT for remote monitoring

The rise of private Low Earth Orbit (LEO) satellite networks, driven by U.S. firms like SpaceX and Amazon, presents a major opportunity to track assets across large, underserved rural areas. This "Satellite IoT" enables logistics, oil and gas, and energy companies to maintain continuous data streams from remote oil fields and transcontinental shipping routes, where ground-based 5G cannot reach. This capability is transforming supply chain visibility for heavy industries, enabling monitoring of environmental conditions and equipment health in remote locations such as the ocean or desert. As satellite modem prices drop, the ability to connect anything, anywhere, is becoming standard for industrial IoT.

Challenge: Interoperability in smart home ecosystem

Despite the collaborative advancements of the Matter protocol, the US consumer market remains deeply fragmented across competing tech ecosystems offered by Apple, Google, and Amazon. Ensuring that thousands of devices from various manufacturers work together seamlessly without the barriers of walled gardens remains a technical and strategic challenge. Consumers often experience "app fatigue," where managing a smart home requires multiple interfaces that do not share data effectively. Until true plug-and-play interoperability is achieved at the application level, the smart home market will continue to struggle to move beyond early adopters and into mainstream households.

US IOT MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Smart-city deployments connecting streetlights and municipal sensors to central platforms for remote management, analytics and new city services Lower energy costs, faster rollouts, platform for additional services
Real-time fleet and asset tracking using telematics and connected sensors to monitor location, condition, and route adherence for large shippers and logistics providers Real-time visibility, reduced loss, improved routing and asset utilization
Industrial IoT solutions that connect factory equipment and plant networks to edge and cloud platforms to enable telemetry, automation, and operations integration Improved uptime, faster incident resolution, better OT/IT alignment
Scalable IoT ingestion and platform services that connect medical devices and healthcare equipment for secure data processing and analytics at scale Secure device connectivity, scalable data processing, accelerated analytics and ML
Industrial digital twins and predictive maintenance for factory assets Reduced unplanned downtime, extended asset life, lower maintenance costs

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The US IoT ecosystem has two tiers - global providers (Microsoft, Cisco, IBM, AWS, Oracle) supply cloud platforms, edge/cloud orchestration, enterprise-grade connectivity, and analytics, while regional players (Texas Instruments, Avnet, Telit Cinterion, Honeywell, Losant) provide chipsets, connectivity modules, device lifecycle services, verticalized gateways, and local solutions.

us-iot-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

us-iot-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

US IoT Market, By Module Type

The hardware segment is driven by 5G RedCap and Wi-Fi 7. These technologies provide a low-latency foundation for industrial and consumer applications. Manufacturers focus on energy efficiency and miniaturization for smart home ecosystems and medical wearables. Adoption of the Matter standard ensures seamless compatibility across platforms. This trend boosts the automotive and smart energy sectors. Hardware remains a major component of the IoT stack due to significant unit shipments.

US IoT Market, By Hardware

The security hardware segment in the US is essential because of complex cyber threats that target infrastructure and connected devices. Companies are investing in hardware-based roots of trust and Trusted Execution Environments (TEEs) to safeguard data at the physical layer. Specialized security chips now provide integrated encryption and tamper detection for industrial endpoints. North American healthcare providers lead this demand, allocating significant budgets to secure interconnected hospital assets.

US IoT Market, By Connectivity

Satellite connectivity in the US is experiencing rapid growth, driven by LEO constellations that provide global coverage and lower latency. This segment is crucial for logistics and precision agriculture, where land-based networks are often unreliable. The adoption of 3GPP standards has made it easier for standard IoT devices to connect directly to satellites. Integrated hybrid models now guarantee continuous data transmission for tracking high-value assets and managing disasters.

US IoT Market, By Software

The US software segment for security & safety is growing through AI-driven real-time threat detection and predictive public safety measures. Organizations are focusing on platforms with strong identity management and automated response systems to tackle advanced ransomware. In the public sector, smart city projects use this software for intelligent surveillance and coordinating emergency responses. There is high demand for complete suites that offer end-to-end transparency and meet regulatory requirements.

US IoT Market, By Service

Professional services are a key part of the US IoT market, as complex multi-layered ecosystems create a need for expert system integration. Organizations depend on third-party specialists to fill gaps in cloud-native architecture and specialized data analytics. These services are crucial for handling device diversity and ensuring smooth integration with legacy ERP systems.

US IoT Market, By Focus Area

Smart healthcare is a major growth area in the US, influenced by the move toward preventive and outcome-based care models. The widespread use of remote patient monitoring (RPM) enables continuous management of chronic diseases and fewer emergency visits. Advances in biosensors allow for early detection of physiological changes, turning devices into proactive diagnostic tools. With supportive reimbursement policies, the integration of IoT is creating a more personalized and data-driven patient experience.

REGION

 

 

us-iot-market Region

US IOT MARKET: COMPANY EVALUATION MATRIX

In the IoT market matrix, Microsoft (Star) leads with a strong market share and an extensive product footprint, driven by its customized solutions tailored to customers' requirements and growth strategies that consistently deliver advanced technology. Oracle (Emerging Leader) is gaining visibility with innovative solutions that cater to future IoT demands. While Microsoft dominates through scale and a diverse portfolio, Oracle shows significant potential to move toward the leaders’ quadrant as IoT demand continues to rise.

us-iot-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 152.44 Billion
Market Forecast in 2030 (Value) USD 220.47 Billion
Growth Rate 7.7% from 2025 to 2030
Years Considered 2019-2030
Base Year 2024
Forecast Period 2025-2030
Units Considered Value (USD Billion)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • By Module Type:
    • Hardware
    • Connectivity
    • Software
    • Services
  • By Hardware:
    • Modules/Sensors
    • Security Hardware
    • Other Hardware
  • By Connectivity:
    • Cellular
    • LP-WAN
    • Satellite
    • Other Connectivity
  • By Software:
    • IoT Platforms
    • Application Software
    • Analytics Software
    • Security & Safety Software
    • Other Software
  • By Services:
    • Professional Services
    • Managed Services
  • By Focus Areas:
    • Smart Transportation/Mobility
    • Smart Buildings
    • Smart Energy & Utilities
    • Smart Healthcare
    • Smart Agriculture
    • Smart Manufacturing
    • Smart Retail
    • Other Focus Areas

WHAT IS IN IT FOR YOU: US IOT MARKET REPORT CONTENT GUIDE

us-iot-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Leading Solution Provider (US) Product Analysis: Product Matrix, which gives a detailed comparison of the product portfolio of each company Enhanced understanding of competitive positioning and product offerings
Leading Service Provider (US) Company Information: Detailed analysis and profiling of additional market players (up to 5) Deeper insights into market dynamics and potential strategic partnerships

RECENT DEVELOPMENTS

  • October 2025 : AT&T and Ericsson launched the AT&T IoT Marketplace, a cloud-based platform on Microsoft Azure that simplifies IoT service management for industries such as transportation and healthcare. Powered by Ericsson’s Digital Experience Platform, it streamlines selling, provisioning, and billing, reducing order times and improving efficiency.
  • October 2025 : Tata Communications and Cisco partnered to integrate Tata’s MOVE™ eSIM solution, covering 350+ million eSIM OS across 200+ countries, with Cisco’s IoT Control Center, managing 270 million+ devices for 32,000+ enterprises. The collaboration streamlines device activation, enhances scalability, and reduces integration complexity for industries such as transportation and manufacturing.
  • March 2025 : Qualcomm Technologies Inc. acquired Edge Impulse to enhance its AI and Internet of Things (IoT) capabilities. The acquisition aims to combine Qualcomm's hardware with Edge Impulse's software platform for AI development, making it easier for developers to create and deploy AI models on edge devices.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW AND INDUSTRY TRENDS (STRATEGIC DRIVERS WITH INTRODUCTION)
Covers the key developments, trend analysis, and actionable insights to support strategic planning and positioning.
 
 
 
 
 
4.1
MARKET DYNAMICS
 
 
 
 
 
4.1.1
DRIVERS
 
 
 
 
4.1.2
RESTRAINTS
 
 
 
 
4.1.3
OPPORTUNITIES
 
 
 
 
4.1.4
CHALLENGES
 
 
 
4.2
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.3
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Captures industry movement, adoption patterns, and strategic signals across key end-use segments and regions.
 
 
 
 
 
5.1
PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
 
5.1.1
THREAT OF NEW ENTRANTS
 
 
 
 
5.1.2
THREAT OF SUBSTITUTES
 
 
 
 
5.1.3
BARGAINING POWER OF SUPPLIERS
 
 
 
 
5.1.4
BARGAINING POWER OF BUYERS
 
 
 
 
5.1.5
INTENSITY OF COMPETITIVE RIVALRY
 
 
 
5.2
MACROECONOMICS OUTLOOK
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
5.2.3
TRENDS IN US IOT INDUSTRY
 
 
 
5.3
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
PRICING ANALYSIS
 
 
 
 
 
 
5.5.1
AVERAGE SELLING PRICE OF KEY PLAYERS, BY MODULE TYPE
 
 
 
 
5.5.2
AVERAGE SELLING PRICE, BY HARDWARE
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
 
5.6.1
IMPORT SCENARIO (HS CODE 9031)
 
 
 
 
5.6.2
EXPORT SCENARIO (HS CODE 9031)
 
 
 
5.7
KEY CONFERENCES AND EVENTS, 2026-2027
 
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.9
INVESTMENT FUNDING SCENARIO
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
5.11
IMPACT OF 2025 US TARIFF ON IOT MARKET
 
 
 
 
 
 
5.11.1
KEY TARIFF RATES
 
 
 
 
5.11.2
PRICE IMPACT ANALYSIS
 
 
 
 
5.11.3
IMPACT ON COUNTRY
 
 
 
 
 
5.11.3.1
US
 
 
 
5.11.4
IMPACT ON VERTICALS
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENT INNOVATIONS, AND FUTURE APPLICATIONS
 
 
 
 
 
6.1
KEY TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
ADJACENT TECHNOLOGIES
 
 
 
 
6.4
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.5
PATENT ANALYSIS
 
 
 
 
 
6.6
FUTURE APPLICATIONS
 
 
 
 
6.7
IMPACT OF AI/GEN AI ON IOT MARKET
 
 
 
 
 
 
6.7.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.7.2
BEST PRACTICES IN IOT MARKET
 
 
 
 
6.7.3
CASE STUDIES OF AI IMPLEMENTATION IN IOT MARKET
 
 
 
 
6.7.4
INTERCONNECTED ADJACENT ECOSYSTEMS AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.7.5
CLIENTS’ READINESS TO ADOPT AI-INTEGRATED IOT
 
 
 
6.8
SUCCESS STORIES AND REAL-WORLD APPLICATIONS
 
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
8
CUSTOMER LANDSCAPE & BUYING BEHAVIOR
 
 
 
 
 
8.1
INTRODUCTION
 
 
 
 
8.2
DECISION-MAKING PROCESS
 
 
 
 
8.3
KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA
 
 
 
 
 
8.3.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
8.3.2
BUYING CRITERIA
 
 
 
8.4
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
8.5
UNMET NEEDS IN VARIOUS VERTICALS
 
 
 
9
US IOT MARKET, BY MODULE TYPE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD BILLION)
 
 
 
 
 
(COMPARATIVE ASSESSMENT OF KEY MODULE TYPES, THEIR MARKET POTENTIAL, AND SUPPLY PATTERNS OF VARIOUS VENDORS)
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
HARDWARE
 
 
 
 
9.3
CONNECTIVITY
 
 
 
 
9.4
SOFTWARE
 
 
 
 
9.5
SERVICE
 
 
 
10
US IOT MARKET, BY HARDWARE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD BILLION)
 
 
 
 
 
(COMPARATIVE ASSESSMENT OF KEY HARDWARE, THEIR MARKET POTENTIAL, AND SUPPLY PATTERNS OF VARIOUS VENDORS)
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
MODULES/SENSORS
 
 
 
 
10.3
SECURITY HARDWARE
 
 
 
 
10.4
OTHER HARDWARE
 
 
 
11
US IOT MARKET, BY CONNECTIVITY (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD BILLION)
 
 
 
 
 
(COMPARATIVE ASSESSMENT OF KEY CONNECTIVITY, THEIR MARKET POTENTIAL, AND SUPPLY PATTERNS OF VARIOUS VENDORS)
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
CELLULAR
 
 
 
 
11.3
LP-WAN
 
 
 
 
11.4
SATELLITE
 
 
 
 
11.5
OTHER CONNECTIVITY
 
 
 
12
US IOT MARKET, BY SOFTWARE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD BILLION)
 
 
 
 
 
(COMPARATIVE ASSESSMENT OF KEY SOFTWARE, THEIR MARKET POTENTIAL, AND SUPPLY PATTERNS OF VARIOUS VENDORS)
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
IOT PLATFORMS
 
 
 
 
12.3
APPLICATION SOFTWARE
 
 
 
 
12.4
ANALYTICS SOFTWARE
 
 
 
 
12.5
SECURITY & SAFETY SOFTWARE
 
 
 
 
12.6
OTHER SOFTWARE
 
 
 
13
US IOT MARKET, BY SERVICE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD BILLION)
 
 
 
 
 
(COMPARATIVE ASSESSMENT OF KEY SERVICES, THEIR MARKET POTENTIAL, AND SUPPLY PATTERNS OF VARIOUS VENDORS)
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
PROFESSIONAL SERVICES
 
 
 
 
 
13.2.1
IMPLEMENTATION SERVICES
 
 
 
 
13.2.2
STRATEGY & SYSTEM DESIGN SERVICES
 
 
 
13.3
MANAGED SERVICES
 
 
 
14
US IOT MARKET, BY FOCUS AREA (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD BILLION)
 
 
 
 
 
(COMPARATIVE ASSESSMENT OF KEY FOCUS AREAS, THEIR MARKET POTENTIAL, AND SUPPLY PATTERNS OF VARIOUS VENDORS)
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
SMART TRANSPORTATION/MOBILITY
 
 
 
 
14.3
SMART BUILDINGS
 
 
 
 
14.4
SMART ENERGY & UTILITIES
 
 
 
 
14.5
SMART HEALTHCARE
 
 
 
 
14.6
SMART AGRICULTURE
 
 
 
 
14.7
SMART MANUFACTURING
 
 
 
 
14.8
SMART RETAIL
 
 
 
 
14.9
OTHER FOCUS AREAS
 
 
 
15
COMPETITIVE LANDSCAPE (STRATEGIC ASSESSMENT OF LEADING PLAYERS, MARKET SHARE, REVENUE ANALYSIS, COMPANY POSITIONING, AND COMPETITIVE BENCHMARKS INFLUENCING MARKET POTENTIAL)
 
 
 
 
 
15.1
OVERVIEW
 
 
 
 
15.2
KEY PLAYER STRATEGIES/RIGHT TO WIN
 
 
 
 
15.3
REVENUE ANALYSIS (2021-2024)
 
 
 
 
 
15.4
MARKET SHARE ANALYSIS,
 
 
 
 
 
15.5
PRODUCT COMPARISON
 
 
 
 
 
15.6
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
15.6.1
STARS
 
 
 
 
15.6.2
EMERGING LEADERS
 
 
 
 
15.6.3
PERVASIVE PLAYERS
 
 
 
 
15.6.4
PARTICIPANTS
 
 
 
 
15.6.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
15.6.5.1
COMPANY FOOTPRINT
 
 
 
 
15.6.5.2
OFFERING FOOTPRINT
 
 
 
 
15.6.5.3
TECHNOLOGY FOOTPRINT
 
 
 
 
15.6.5.4
APPLICATION FOOTPRINT
 
 
 
 
15.6.5.5
VERTICAL FOOTPRINT
 
 
15.7
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
15.7.1
PROGRESSIVE COMPANIES
 
 
 
 
15.7.2
RESPONSIVE COMPANIES
 
 
 
 
15.7.3
DYNAMIC COMPANIES
 
 
 
 
15.7.4
STARTING BLOCKS
 
 
 
 
15.7.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
15.7.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
15.7.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
15.8
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
15.9
COMPETITIVE SCENARIO
 
 
 
 
 
15.9.1
PRODUCT LAUNCHES
 
 
 
 
15.9.2
DEALS
 
 
 
 
15.9.3
EXPANSIONS
 
 
16
COMPANY PROFILES
 
 
 
 
 
IN-DEPTH REVIEW OF COMPANIES, OFFERINGS, RECENT INITIATIVES, AND POSITIONING STRATEGIES IN US IOT MARKET LANDSCAPE
 
 
 
 
 
16.1
KEY PLAYERS
 
 
 
 
16.2
MICROSOFT
 
 
 
 
16.3
AWS
 
 
 
 
16.4
CISCO
 
 
 
 
16.5
INTEL
 
 
 
 
16.6
QUALCOMM
 
 
 
 
16.7
TEXAS INSTRUMENTS
 
 
 
 
16.8
IBM
 
 
 
 
16.9
PTC
 
 
 
 
16.10
HPE
 
 
 
 
16.11
HONEYWELL
 
 
 
 
16.12
ORACLE
 
 
 
 
16.13
PARTICLE
 
 
 
 
16.14
CLEARBLADE
 
 
 
 
16.15
TELIT CINTERION
 
 
 
 
16.16
LOSANT IOT
 
 
 
17
RESEARCH METHODOLOGY
 
 
 
 
 
17.1
RESEARCH APPROACH
 
 
 
 
 
17.1.1
SECONDARY DATA
 
 
 
 
 
17.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
17.1.2
PRIMARY DATA
 
 
 
 
 
17.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
17.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
17.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
17.1.2.4
KEY INDUSTRY INSIGHTS
 
 
17.2
MARKET SIZE ESTIMATION
 
 
 
 
 
17.2.1
BOTTOM-UP APPROACH
 
 
 
 
17.2.2
TOP-DOWN APPROACH
 
 
 
17.3
MARKET FORECAST APPROACH
 
 
 
 
 
17.3.1
SUPPLY SIDE
 
 
 
 
17.3.2
DEMAND SIDE
 
 
 
17.4
DATA TRIANGULATION
 
 
 
 
17.5
RESEARCH ASSUMPTIONS AND LIMITATIONS
 
 
 
 
17.6
RISK ASSESSMENT
 
 
 
18
APPENDIX
 
 
 
 
 
18.1
DISCUSSION GUIDE
 
 
 
 
18.2
KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
 
 
 
 
18.3
CUSTOMIZATION OPTIONS
 
 
 
 
18.4
RELATED REPORTS
 
 
 
 
18.5
AUTHOR DETAILS
 
 
 

Methodology

This research study extensively utilized secondary sources, directories, and databases, including Dun & Bradstreet (D&B), Hoovers, and Bloomberg Businessweek, to identify and collect information relevant to a technical, market-oriented, and commercial study of the US IoT market. The primary sources have primarily consisted of industry experts from core and related industries, as well as preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information.

Secondary Research

The market size of companies offering IoT worldwide was arrived at based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolio of major companies and rating them based on their performance and quality. In the secondary research process, various secondary sources were referred to identify and collect information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s value chain and supply chain and to identify key players through various solutions and services, market classification and segmentation according to offerings of major players, industry trends related to technologies, applications, and regions, and key developments from both market-oriented and technology-oriented perspectives.

Primary Research

During the primary research process, various primary sources from both the supply and demand sides were interviewed to gather qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams, related key executives from IoT solution vendors, professional service providers, and industry associations, and key opinion leaders.

Primary interviews were conducted to gather insights, including market statistics, revenue data collected from solutions and services, market segmentations, market size estimations, market forecasts, and data triangulation. Primary research also helped in understanding various trends related to technologies, applications, deployments, and regions. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and end users using IoT solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of IoT solutions, which would impact the overall US IoT market.

Market Size Estimation

Multiple approaches were adopted to estimate and forecast the size of the US IoT market. The first approach involves estimating market size by summing up the revenue generated by companies through the sale of IoT solutions.

Top-down and bottom-up approaches were used to estimate and validate the total size of the US IoT market. These methods were also extensively used to estimate the size of various market segments. The research methodology used to evaluate the market size is listed below.

  • Key players in the market have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through a combination of primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After determining the overall market size, the US IoT market was segmented into several categories and subcategories. A data triangulation procedure was employed to complete the overall market engineering process and derive the exact statistics for all segments and subsegments, as applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. In addition to data triangulation and market breakdown, the market size was validated using both top-down and bottom-up approaches.

Market Definition

Internet of Things (IoT), is a network of physical devices embedded with sensors and software that can collect and exchange data over the internet, enabling them to communicate and interact with each other without human intervention; essentially, it encompasses hardware, software, connectivity, and services used to build and operate IoT systems across various focus areas such as smart transportation, smart energy & utilities, smart manufacturing, smart retail, among others.

Stakeholders

  • Government agencies
  • IoT service providers
  • Telecom companies
  • System integrators
  • Smart device manufacturers
  • Healthcare providers and institutions
  • Automotive and mobility solution providers
  • Energy and utility companies
  • Retailers and E-commerce platforms
  • Industrial enterprises
  • Construction and real estate developers
  • Agricultural enterprises
  • Financial institutions and banks
  • Research and development institutions
  • Educational and training organizations

Report Objectives

  • To determine and forecast the global US IoT market by module type, hardware, connectivity, software, service, focus area, and region
  • To forecast the size of the market segments for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the US IoT market
  • To analyze each submarket concerning individual growth trends, prospects, and contributions to the overall US IoT market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the US IoT market
  • To profile the key market players, provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the market’s competitive landscape
  • Track and analyze competitive developments in the market, such as mergers and acquisitions, product development, partnerships and collaborations, and research and development (R&D) activities

Available Customizations

With the given market data, MarketsandMarkets offers customizations to meet the company’s specific needs. The following customization options are available for the report:

Geographic Analysis as per Feasibility

  • Analysis for additional countries (up to five)

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

 

 

Personalize This Research

  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
Request A Free Customisation

Let Us Help You

  • What are the Known and Unknown Adjacencies Impacting the US IoT Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
Customized Workshop Request

Custom Market Research Services

We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements

Get 10% Free Customisation

Growth opportunities and latent adjacency in US IoT Market

DMCA.com Protection Status