United States Internet of Things Market Size, Share & Forecast 2020-2027

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United States Internet of Things Market

The Internet of Things Market in the United States is expected to expand at a remarkable CAGR over the forecast period (2020-2027).

The factors driving the growth of Internet of Things United States includes increasing number of Smart Cities, growing application of Internet of Things in the end-use industries such as Agriculture, Defense and Healthcare and rise in the sales of Connected Devices. According to the report published by Statista, the Smart Home Technologies Market in the United States is estimated at USD 66.87 million in 2022 and is further projected to reach USD 122.70 million by the end of 2027, exhibiting a CAGR of 11.99% over the forecast period (2022-2027), which will boost the market growth in the coming years. Moreover, the growing adoption of advanced technologies such as Artificial Intelligence (AI), Cloud Computing, Big Data and Internet of Things (IoT) by the major corporations, high internet connectivity and rising smartphone penetration, are some of the additional factors supplementing the market growth. In addition, the presence of the leading players such as Microsoft Corporation and CISCO, increasing number of digital platforms, high per capita incomes and improved living standards are further propelling the market growth of Internet of Things in The US.

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However, the growth of United States Internet of Things Market is hindered due to increasing number of data breaches.

The leading players operating in the market are Microsoft Corporation, Oracle Corporation, PTC Inc, IBM Corporation, Intel Corporation, SAP SE, Google LLC, Hewlett Packard Enterprise, Amazon Web Services, Inc. and Cisco Systems Inc. among others.

Component: Segment Analysis

Based on component, the software segment is anticipated to expand at a significant CAGR during the forecast period attributed to its increasing application for collecting data, real-time analytics, and device integration.

Node Component: Segment Analysis

Based on Node Component, the sensor segment is predicted to capture a sizeable market share over the forecast period. The increasing application of IoT based sensors in smart devices along with its ability to measure everything from the surroundings such as motion, light, and sound, are some of the factors responsible for the growth of the segment.

Application: Segment Analysis

Based on application, the smart manufacturing segment estimated to hold the highest market share during the forecast period due to its increasing application for collecting data at the factory outlets, which helps in managing and monitoring data the processes.

Network Infrastructure: Segment Analysis

Based on Network Infrastructure, the storage segment is anticipated to expand at a robust CAGR over the forecast period attributed to its capability to aggregate the data in real time to deliver immediate insights.

Market Segmentation

 by Component

Software SolutionData ManagementProduct Data
Location Data
Customer Data
Supplier Data
Asset Data
Real Time Streaming Analytics
Remote Monitoring
Security SolutionData Encryption and Tokenization
Distributed Denial of Service Protection
Identity Access Management
Secure Communications
Others
Network Bandwidth ManagementBundled Network Management
Standalone Network Management
ServiceProfessional ServiceSupport and Maintenance
Deployment and Integration
Consulting
Managed Service
PlatformDevice Management
Cloud Platform
Network Management
Application Management
 by Node Component

SensorInertial Measurement Unit
Accelerometer
Pressure Sensor
Image Sensor
Others
ProcessorMicroprocessor
Microcontroller
Application Processor
Digital Signal Processor
Connectivity ICWireless
Wired
Logic Device
Memory Device
 by Application

Smart Manufacturing
Building & Automation
Connected Logistics
Smart Energy & Utilities
Agriculture
Smart Mobility & Transportation
Government & Defense
Smart Retail
Connected Healthcare
Others
 

 by Network Infrastructure

Storage
Server
Ethernet Switch & Routing
Gateway
 by Connectivity Technology

Bluetooth Low Energy (BLE)
Wi-fi
Near Field Communication
Cellular
Satellite
Others
 

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