North American IoT Market
North America Internet of Things (IoT) Market Size, Share & Trends Analysis Report by Component (Hardware, Software, and Services) by Connectivity Technology (Cellular (4G/LTE, 5G), Wi-Fi, Bluetooth, Zigbee, LoRaWAN, NFC, Satellite Communication, and Ethernet) by Deployment Mode (On-Premise, and Cloud-Based), By Organization Size (Small and Medium-sized Enterprises (SMEs), and Large Enterprises) and by End User (BFSI, IT & Telecom, Manufacturing, Transportation, Healthcare, Retail, Energy& Utilities, Residential, Government & Defense, and Others) Forecast Period (2026-2035)
Industry Overview
North America internet of things market was valued at $62.9 billion in 2025 and is projected to reach $558.9 billion by 2035, growing at a CAGR of 24.4% during the forecast period (2026–2035). The North America internet of things (IoT) market is expanding as enterprises intensify investments in connected ecosystems that improve operational transparency and decision-making accuracy. Organizations across utilities, healthcare, and transportation are embedding intelligent devices to collect actionable data from distributed assets. The continued rollout of high-speed connectivity infrastructure has strengthened the commercial viability of real-time monitoring solutions. Cloud-native integration frameworks are further enabling seamless device orchestration across large networks. Companies such as Oracle Corporation offer IoT-based asset monitoring solutions that assist enterprises in managing performance metrics efficiently.
Market Dynamics
Accelerated Adoption of Industrial IoT and Smart Manufacturing
The North America Internet of Things (IoT) market is witnessing strong momentum driven by the rapid integration of Industrial IoT (IIoT) across manufacturing, energy, and logistics sectors. Enterprises are increasingly deploying connected sensors and edge devices to enhance predictive maintenance, reduce operational downtime, and improve asset visibility. The push toward smart factories, particularly in the United States and Canada, is strengthening demand for scalable IoT platforms and analytics solutions. Companies such as PTC provide industrial IoT platforms like ThingWorx, enabling manufacturers to connect equipment, monitor performance in real time, and optimize production efficiency. Similarly, automation leaders are integrating IoT-enabled robotics and control systems to streamline operations. This transformation is reinforcing North America’s position as a mature yet innovation-driven IoT market.
Expansion of Connected Infrastructure and Smart Ecosystems
The region is also experiencing significant growth in connected infrastructure, supported by advancements in 5G deployment and cloud computing capabilities. Smart city initiatives, intelligent transportation systems, and connected healthcare solutions are expanding IoT applications beyond traditional industrial use. Public and private sector investments are focusing on real-time data collection to enhance urban planning, energy efficiency, and public safety. Technology providers such as Cisco Systems deliver IoT networking solutions that enable secure device connectivity and data management across distributed environments. The increasing reliance on cloud-based IoT platforms further supports scalable deployment models for enterprises of all sizes. As digital ecosystems continue to mature, the North America IoT market is expected to maintain stable long-term growth driven by innovation and infrastructure modernization.
Market Segmentation
- Based on the component, the market is segmented into hardware, software, and services.
- Based on the connectivity technology, the market is segmented into cellular (4G/LTE, 5G), Wi-Fi, bluetooth, Zigbee, LoRaWAN, NFC, satellite communication, and ethernet.
- Based on the deployment mode, the market is segmented into on-premise and cloud-based.
- Based on the organization size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.
- Based on the end user, the market is segmented into BFSI, IT & telecom, manufacturing, transportation, healthcare, retail, energy& utilities, residential, government & defense, and others.
Hardware Segment to Lead the Market with the Largest Share
Market expansion in North America is significantly supported by rising demand for advanced IoT hardware components, including sensors, gateways, and embedded modules. Industrial operators are deploying ruggedized devices capable of operating in complex field environments while ensuring consistent data transmission. Semiconductor innovation has improved device efficiency, lowering latency and enhancing processing at the edge. Infrastructure upgrades across smart buildings and energy grids are further accelerating hardware procurement cycles. Firms such as Intel Corporation provide IoT chipsets and edge processors that enable scalable device connectivity.
Manufacturing: A Key Segment in Market Growth
The manufacturing sector remains a central contributor to IoT adoption in North America, particularly through the integration of connected production systems. Manufacturers are implementing sensor-based quality control and predictive diagnostics to minimize unplanned downtime. Data-driven production scheduling has improved throughput while reducing operational inefficiencies. The modernization of legacy facilities into digitally enabled plants continues to generate demand for industrial connectivity platforms. Companies such as Rockwell Automation deliver smart manufacturing solutions that integrate IoT-enabled controllers and analytics tools.
Regional Outlook
North America internet of things market is further divided by countries, including the US and Canada.
US Dominates the Market with Major Share
The United States IoT market is progressing steadily as enterprises prioritize automation and data-centric operational models. Investments in connected healthcare devices, intelligent logistics tracking, and smart energy management systems are reshaping industry standards. Regulatory emphasis on infrastructure modernization has encouraged the adoption of digitally integrated monitoring solutions. Corporate demand for scalable and secure IoT frameworks continues to rise across both large enterprises and mid-sized firms. Providers such as Amazon Web Services deliver IoT cloud services that facilitate device management and analytics deployment at scale.
Market Players Outlook
The major companies operating in the North America internet of things market include Amazon Web Services, AT&T Inc., Intel Corp., Microsoft Corp., and Verizon Communications Inc., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Development
- In October 2025, AT&T and Ericsson joined forces to introduce the AT&T IoT Marketplace, an advanced digital eCommerce platform designed to facilitate service innovation and monetization of IOT services at scale. It streamlines the processes of selling, contracting, provisioning, and billing within the Internet of Things (IoT) sector. This state-of-the-art platform features a comprehensive digital catalog, order management system, and TMF API based integration and exposure.
The Report Covers
- Market value data analysis of 2025 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the North America internet of things market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
- Report Summary
- Current Industry Analysis and Growth Potential Outlook
- North America Internet of Things Market Sales Analysis – Component | Connectivity Technology | Deployment Mode | Organization Size | End User | ($ Million)
- North America Internet of Things Market Sales Performance of Top Countries
- Research Methodology
- Primary Research Approach
- Secondary Research Approach
- Market Snapshot
- Market Overview and Insights
- Scope of the Study
- Analyst Insight & Current Market Trends
- Key North America Internet of Things Industry Trends
- Market Recommendations
- Market Determinants
- Market Drivers
- Drivers For North America Internet of Things Market: Impact Analysis
- Market Pain Points and Challenges
- Restraints For North America Internet of Things Market: Impact Analysis
- Market Opportunities
- Market Drivers
- Competitive Landscape
- Competitive Dashboard – North America Internet of Things Market Revenue and Share by Manufacturers
- Internet of Things Product Comparison Analysis
- Top Market Player Ranking Matrix
- Key Company Analysis
- Amazon Web Services
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- AT&T Inc.
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- Intel Corp.
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- Microsoft Corp.
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- Verizon Communications Inc.
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- Top Winning Strategies by Market Players
- Merger and Acquisition
- Product Launch
- Partnership And Collaboration
- Amazon Web Services
- Key Company Analysis
- North America IoT Market Sales Analysis by Component ($ Million)
- Hardware
- Software
- Services
- North America IoT Market Sales Analysis by Connectivity Technology ($ Million)
- Cellular (4G/LTE, 5G)
- Wi-Fi
- Bluetooth
- Zigbee
- LoRaWAN
- NFC
- Satellite Communication
- Ethernet
- North America IoT Market Sales Analysis by Deployment Mode ($ Million)
- On-Premise
- Cloud-Based
- North America IoT Market Sales Analysis by Organization Size ($ Million)
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
- North America IoT Market Sales Analysis by End User ($ Million)
- BFSI
- IT & Telecom
- Manufacturing
- Transportation
- Healthcare
- Retail
- Energy& Utilities
- Residential
- Government & Defense
- Others
- Regional Analysis
- North America Internet of Things Market Sales Analysis – Component | Connectivity Technology | Deployment Mode | Organization Size | End User | Country ($ Million)
- Macroeconomic Factors for North America
- US
- Canada
- Company Profiles
- Amazon Web Services (AWS)
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- AT&T Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Cavli Wireless
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Cisco Systems, Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- General Electric Company
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Honeywell International Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- IBM Corp.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Intel Corp.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- InterDigital, Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Microsoft Corp.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Oracle Corp.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- PTC Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Qualcomm Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Rockwell Automation, Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Samsara Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Sierra Wireless, Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- TE Connectivity Ltd.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Telit Cinterion
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- T?Mobile US, Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Verizon Communications Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Amazon Web Services (AWS)
1. North America IoT Market Research and Analysis by Component, 2025–2035 ($ Million)
2. North America IoT Hardware Market Research and Analysis by Region, 2025–2035 ($ Million)
3. North America IoT Software Market Research and Analysis by Region, 2025–2035 ($ Million)
4. North America IoT Services Market Research and Analysis by Region, 2025–2035 ($ Million)
5. North America IoT Market Research and Analysis by Connectivity Technology, 2025–2035 ($ Million)
6. North America Cellular (4G/LTE, 5G) IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
7. North America Wi-Fi IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
8. North America Bluetooth IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
9. North America Zigbee IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
10. North America LoRaWAN IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
11. North America NFC IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
12. North America Satellite Communication IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
13. North America Ethernet IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
14. North America IoT Market Research and Analysis by Deployment Mode, 2025–2035 ($ Million)
15. North America On-Premise IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
16. North America Cloud-Based IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
17. North America IoT Market Research and Analysis by Organization Size, 2025–2035 ($ Million)
18. North America IoT For Small and Medium-sized Enterprises (SMEs) Market Research and Analysis by Region, 2025–2035 ($ Million)
19. North America IoT For Large Enterprises Market Research and Analysis by Region, 2025–2035 ($ Million)
20. North America IoT Market Research and Analysis by End User, 2025–2035 ($ Million)
21. North America IoT For BFSI Market Research and Analysis by Region, 2025–2035 ($ Million)
22. North America IoT For IT & Telecom Market Research and Analysis by Region, 2025–2035 ($ Million)
23. North America IoT For Manufacturing Market Research and Analysis by Region, 2025–2035 ($ Million)
24. North America IoT For Transportation Market Research and Analysis by Region, 2025–2035 ($ Million)
25. North America IoT For Healthcare Market Research and Analysis by Region, 2025–2035 ($ Million)
26. North America IoT For Retail Market Research and Analysis by Region, 2025–2035 ($ Million)
27. North America IoT For Energy& Utilities Market Research and Analysis by Region, 2025–2035 ($ Million)
28. North America IoT For Residential Market Research and Analysis by Region, 2025–2035 ($ Million)
29. North America IoT For Government & Defense Market Research and Analysis by Region, 2025–2035 ($ Million)
30. North America IoT For Other End-User Market Research and Analysis by Region, 2025–2035 ($ Million)
31. North America IoT Market Research and Analysis by Region, 2025–2035 ($ Million)
32. North America IoT Market Research and Analysis by Country, 2025–2035 ($ Million)
33. North America IoT Market Research and Analysis by Component, 2025–2035 ($ Million)
34. North America IoT Market Research and Analysis by Connectivity Technology, 2025–2035 ($ Million)
35. North America IoT Market Research and Analysis by Deployment Mode, 2025–2035 ($ Million)
36. North America IoT Market Research and Analysis by Organization Size, 2025–2035 ($ Million)
37. North America IoT Market Research and Analysis by End User, 2025–2035 ($ Million)
1. North America IoT Market Share by Component, 2025 Vs 2035 (%)
2. North America IoT Hardware Market Share by Region, 2025 Vs 2035 (%)
3. North America IoT Software Market Share by Region, 2025 Vs 2035 (%)
4. North America IoT Services Market Share by Region, 2025 Vs 2035 (%)
5. North America IoT Market Share by Connectivity Technology, 2025 Vs 2035 (%)
6. North America Cellular (4G/LTE, 5G) IoT Market Share by Region, 2025 Vs 2035 (%)
7. North America Wi-Fi IoT Market Share by Region, 2025 Vs 2035 (%)
8. North America Bluetooth IoT Market Share by Region, 2025 Vs 2035 (%)
9. North America Zigbee IoT Market Share by Region, 2025 Vs 2035 (%)
10. North America LoRaWAN IoT Market Share by Region, 2025 Vs 2035 (%)
11. North America NFC IoT Market Share by Region, 2025 Vs 2035 (%)
12. North America Satellite Communication IoT Market Share by Region, 2025 Vs 2035 (%)
13. North America Ethernet IoT Market Share by Region, 2025 Vs 2035 (%)
14. North America IoT Market Share by Deployment Mode, 2025 Vs 2035 (%)
15. North America On-Premise IoT Market Share by Region, 2025 Vs 2035 (%)
16. North America Cloud-Based IoT Market Share by Region, 2025 Vs 2035 (%)
17. North America IoT Market Share by Organization Size, 2025 Vs 2035 (%)
18. North America IoT For Small and Medium-sized Enterprises (SMEs) Market Share by Region, 2025 Vs 2035 (%)
19. North America IoT For Large Enterprises Market Share by Region, 2025 Vs 2035 (%)
20. North America IoT Market Share by End User, 2025 Vs 2035 (%)
21. North America IoT For BFSI Market Share by Region, 2025 Vs 2035 (%)
22. North America IoT For IT & Telecom Market Share by Region, 2025 Vs 2035 (%)
23. North America IoT For Manufacturing Market Share by Region, 2025 Vs 2035 (%)
24. North America IoT For Transportation Market Share by Region, 2025 Vs 2035 (%)
25. North America IoT For Healthcare Market Share by Region, 2025 Vs 2035 (%)
26. North America IoT For Retail Market Share by Region, 2025 Vs 2035 (%)
27. North America IoT For Energy & Utilities Market Share by Region, 2025 Vs 2035 (%)
28. North America IoT For Residential Market Share by Region, 2025 Vs 2035 (%)
29. North America IoT For Government & Defense Market Share by Region, 2025 Vs 2035 (%)
30. North America IoT For Other End-User Market Share by Region, 2025 Vs 2035 (%)
31. North America IoT Market Share by Region, 2025 Vs 2035 (%)
32. US IoT Market Size, 2025–2035 ($ Million)
33. Canada IoT Market Size, 2025–2035 ($ Million)
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