North American IoT Market To Reach $558.9 billion by 2035

Published: Mar 2026

North American IoT market size is anticipated to reach $558.9 billion by 2035 and is projected to grow at a CAGR of 24.4% from 2025 to 2035, according to a new report by Orion Market Research. The North American internet of things (IoT) market is driven by strong technological innovation, a diverse enterprise base, and the presence of globally influential technology companies. The region benefits from advanced digital infrastructure, high cloud adoption rates, and early integration of artificial intelligence and edge computing into connected ecosystems. Regulatory oversight and standards development led by agencies such as the Federal Communications Commission and Innovation, Science and Economic Development Canada support spectrum management, cybersecurity compliance, and interoperability standards, fostering a stable operating environment for IoT deployment across industries.

Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/north-american-iot-market

According to the Consumer Technology Association, IoT-enabled devices and smart technologies continue to represent a significant component of North America’s broader technology sector revenues, reflecting sustained enterprise and consumer adoption. Investment activity across cloud platforms, semiconductor development, and 5G infrastructure further strengthens the regional IoT ecosystem, supporting innovation in industrial automation, healthcare monitoring, smart cities, and connected mobility solutions.

Consumer and enterprise behavior in North America demonstrates a dual trend. Mature markets such as the US and Canada increasingly demand secure, high-performance, and scalable IoT solutions with measurable efficiency gains. At the same time, emerging user segments prioritize data privacy, sustainability integration, and seamless cross-platform connectivity. This combination of performance expectations and governance awareness continues to shape product development strategies and long-term growth trajectories within the North American IoT market.

Innovation Leaders Transforming the North America IoT Market

The key players in the North America IoT market include Amazon Web Services, AT&T Inc., Intel Corp., Microsoft Corp., and Verizon Communications Inc., among others. Leading technology providers are accelerating innovation in the North American internet of things ecosystem through the deployment of advanced sensor networks, edge computing architectures, AI-enabled analytics, and secure connectivity frameworks. Market participants are emphasizing scalable platforms, low-power wide-area networks, and interoperable device ecosystems to support large-scale digital transformation initiatives across manufacturing, healthcare, transportation, energy, and smart city infrastructure.

  • In October 2025, AT&T and Ericsson joined forces to reveal 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. The platform provides an efficient and seamless solution specifically designed for industries like transportation, manufacturing, and healthcare, supporting this growing area of AT&T’s business offering.

Market Coverage

  • The market number available for – 2025-2035
  • Base year- 2025
  • Forecast period- 2026-2035
  • Segment Covered-
    • By Component
    • By Connectivity Technology
    • By Deployment Mode
    • By Organization Size
    • By End User
  • Competitive Landscape - Amazon Web Services, AT&T Inc., Intel Corp., Microsoft Corp., and Verizon Communications Inc., among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

North American IoT Market Report Segment

By Component

  • Hardware
  • Software
  • Services

By Connectivity Technology

  • Cellular (4G/LTE, 5G)
  • Wi-Fi
  • Bluetooth
  • Zigbee
  • LoRaWAN
  • NFC
  • Satellite Communication
  • Ethernet

By Deployment Mode

  • On-Premise
  • Cloud-Based

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By End User

  • BFSI
  • IT & Telecom
  • Manufacturing
  • Transportation
  • Healthcare
  • Retail
  • Energy& Utilities
  • Residential
  • Government & Defense
  • Others

North America IoT Market Report Segment by Region

North America

  • US
  • Canada

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/north-american-iot-market