North America IoT technology Market worth $314.75 billion by 2030
The report "North America IoT technology Market by Node Component (Sensor, Memory Device, Connectivity Ic, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-Use Application, and Country", The North America IoT technology market is estimated to reach USD 314.75 billion by 2030, from USD 279.90 billion in 2025, with a CAGR of 2.4% from 2025 to 2030. The major driver of IoT technology in North America is the rapid adoption of digital transformation initiatives across enterprises and governments. Industries such as manufacturing, healthcare, energy, and transportation are increasingly adopting IoT solutions to enhance operational efficiency, facilitate real-time monitoring, and lower costs. Strong investments in cloud infrastructure, 5G connectivity, and edge computing further accelerate large-scale IoT deployments across the region.
Browse 30 market data Tables and 20 Figures spread through 100 Pages and in-depth TOC on "North America IoT technology Market by Node Component (Sensor, Memory Device, Connectivity Ic, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-Use Application, and Country"
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In terms of IoT platform, application management is expected to have the highest CAGR during the forecast period.
In the North American IoT platform market, the application management segment is expected to register the highest CAGR during the forecast period, driven by the increasing complexity of IoT deployments. Enterprises are prioritizing solutions that enable centralized monitoring, lifecycle management, and seamless updates of IoT applications. Growing adoption of scalable, cloud-based platforms is further driving demand for application management capabilities. Additionally, the need for faster deployment and improved performance of IoT applications is supporting strong growth in this segment.
Consumer end-use applications are expected to hold the largest market share during the forecast period.
The consumer end-use application segment is expected to hold the largest share of the IoT technology market in North America, driven by the widespread adoption of smart home devices, wearables, and connected consumer electronics. Rising consumer demand for convenience, energy efficiency, and personalized experiences is driving large-scale deployment of IoT solutions. Strong penetration of smartphones and high-speed connectivity further support growth in this segment. Continuous innovation by leading technology companies is expanding consumer-focused IoT use cases throughout the region.
The US will hold the largest market share in North America during the forecast period.
The US is expected to hold the largest share of the North American IoT technology market in 2024 due to its high concentration of hyperscale cloud providers, leading tech vendors, and advanced network infrastructure. Strong enterprise digitalization, early adoption of 5G, and significant investments in smart manufacturing, smart cities, and connected healthcare further accelerate large-scale IoT deployments. Supportive innovation ecosystems, including venture funding and R&D programs, also encourage rapid commercialization of IoT platforms, devices, and services.
The report profiles key players such as Intel Corporation (US), Qualcomm Technologies (US), Texas Instruments Incorporated (US), IBM (US), Hewlett Packard Enterprise (HPE) (US), Cisco Systems (US), Microsoft Corporation (US), PTC (US), and Amazon Web Services (AWS) (US).
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