North America IoT Technology Market

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 growth of IoT technology in North America is driven by the early adoption of advanced digital technologies, strong cloud and 5G infrastructure, and high levels of enterprise digitalization. Widespread use of IoT across smart homes, healthcare, industrial automation, and connected vehicles is accelerating data-driven operations.

The major players in the North America IoT technology market with a significant global presence are 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). These market players have adopted various strategies, such as product launches, product development, partnerships, collaborations, contracts, joint investments, strategic supplier relationships, and expansions to strengthen their position in the market. The organic and inorganic strategies have helped the market players expand globally by providing innovative and advanced IoT technology products.

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Intel Corporation (US)

Intel Corporation is a leading player in designing and manufacturing advanced integrated digital technology platforms. The company develops and sells software and offers services primarily in security and technology integration. It has a widespread presence in ~63 countries and consumers in ~120 countries. Intel Corporation has five major operating segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Intel Foundry Services (IFS), and All Others. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCAI segment includes workload-optimized platforms and related products for the enterprise, cloud, and communication infrastructure market. The NEX segment comprises NAND flash memory products primarily used in solid-state drives.

Qualcomm Technologies (US)

Qualcomm Technologies is a key player in the global semiconductor industry, designing and marketing wireless telecommunication products and services. It has three reportable business segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company conducts business primarily through its QCT semiconductor business and QTL licensing business. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for mobile devices, wireless networks, broadband gateway equipment, consumer electronic devices, and other devices used in IoT and automotive systems for telematics and infotainment. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, including certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products. The QSI reportable segment makes strategic investments.

MARKET RANKING

The IoT technology market in North America is highly fragmented, with a few large technology players accounting for a significant share of overall market revenues. Leading companies dominate through integrated hardware, software, and platform ecosystems, while major cloud and device vendors strengthen their positions via scale, partnerships, and vertical-specific solutions. At the same time, numerous smaller and mid-sized firms operate across niche segments such as industrial IoT, healthcare, smart infrastructure, and specialized enterprise applications, contributing to the market’s fragmented yet competitive structure.

Related Reports:

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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