The revenue is forecast to experience significant growth in all segments in 2029. The trend observed from 2019 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Industrial IoT segment achieves the highest value of 161.02 billion U.S. dollars at 2029. Find further statistics on other topics such as a comparison of the revenue in Canada and a comparison of the revenue in Japan. The Statista Market Insights cover a broad range of additional markets.

In 2022, the market value of consumer IoT in North America was about 29.8 billion U.S. dollars. Wireless was the largest market type that year, amounting to around 17.9 billion U.S. dollars.

More information on the global consumer IoT market can be found here.

The size of the US IoT Security Market was valued at USD 19942.01 million in 2023 and is projected to reach USD 88881.92 million by 2032, with an expected CAGR of 23.80% during the forecast period. IoT (Internet of Things) security refers to the practices, technologies, and strategies used to safeguard interconnected devices, networks, and systems that communicate with each other over the internet. With the growing adoption of IoT devices—ranging from smart home gadgets to industrial sensors—the need for robust security measures has become paramount. These devices are typically embedded with sensors, software, and network connectivity, enabling them to collect and exchange data, often in real-time. However, this connectivity introduces vulnerabilities that can be exploited by malicious actors, such as unauthorized access, data breaches, and malware attacks. Recent developments include: May 2023: AWS announces that Configurable Endpoints will support Transport Layer Security (TLS) 1.3. TLS 1.3 offers two significant security and performance enhancements: it gets rid of older cipher suites and legacy features from earlier TLS versions, and it performs better thanks to a streamlined handshake procedure., April 2023: Cisco unveiled new industrial loT application cloud management capabilities, streamlined dashboards to unify IT and OT operations, and adaptable network intelligence to monitor and safeguard all industrial assets., June 2020: The United States-based technology corporation Microsoft Corporation purchased Cyber X, Inc. for a value of $165 million. Microsoft Corporation develops, produces, licenses, supports, and distributes computer software, personal computers, consumer electronics, and related services. Azure loT security solutions from Microsoft Corporation, including as Azure Sentinel, will now cover devices in a range of industrial environments thanks to this acquisition. A computer and network security company established in the USA is called Cyber X, Inc..

The report covers North America Internet of Things (IoT) Security Companies and the market is segmented by type of security (network security and end-point security), solution (software and services), end-user industry (automotive, healthcare, government, manufacturing, energy & power, retail, BFSI, and other end-user industries), and geography (US and Canada). The market sizes and forecasts are provided in terms of value USD for all the above segments.

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Internet Of Things Data Management Market Size 2024-2028

The IoT data management market size is forecast to increase by USD 90.3 billion at a CAGR of 15.72% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing adoption of industrial automation is driving the demand for efficient data management solutions. Manufacturing industries are leveraging IoT data to implement predictive maintenance strategies, reducing downtime and enhancing productivity.
However, there is a lack of awareness regarding the importance of effective IoT data management and the potential returns on investments. Addressing this challenge will be crucial for businesses looking to maximize the value of their IoT initiatives. Overall, the market is poised for substantial growth as more organizations recognize the benefits of IoT in areas such as operational efficiency, cost savings, and improved customer experiences.

What will be the Size of the IoT Data Management Market During the Forecast Period?

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The market is experiencing significant growth due to the increasing deployment of intelligent devices and the subsequent generation of vast amounts of data. According to recent estimates, IoT is projected to generate over zettabytes of data annually, necessitating robust data management solutions. Data integration is a critical aspect of IoT data management, ensuring seamless data flow between various devices and systems.
Security is another major concern, with IoT botnets and hackers posing significant threats to sensitive data. Cloud services provide scalable storage solutions, while data warehouse architecture offers efficient data processing and analysis. Wireless technologies facilitate real-time data transfer, enabling applications in various sectors, including automotive, fleet management, and intelligent transportation systems.
Stanford University and Avast are among the institutions and companies contributing to IoT research and innovation. Data breaches and shared assessments programs are essential for ensuring data security and privacy. Smart gadgets, wearables, and homes are also driving the demand for advanced IoT data management solutions.

How is this Internet Of Things Data Management Industry segmented and which is the largest segment?

The internet of things (iot) data management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Solutions
  Services


Deployment

  Private/hybrid
  Public


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Component Insights

The solutions segment is estimated to witness significant growth during the forecast period.

The IoT data management market is experiencing significant growth due to the increasing generation of data from intelligent devices and wireless technologies. In 2023, the solutions segment, including data integration, security, storage, and data warehouse architecture, dominated the market, driven by the globalization of IT and retail companies and the rise of SMEs in emerging economies. Companies offer software solutions to help organizations collect and analyze data from various end-user industries, enabling meaningful business insights. Data security is a major concern, with IoT botnets and data breaches posing threats. Cloud services provide a cost-effective and scalable solution for storing and managing IoT data.

The automotive market, including self-driving ecosystems, fleet management, and intelligent transportation systems, is a significant end-user industry. IoT initiatives in large enterprises and SMEs continue to expand, with the integration of sensors, scanners, digital gauges, and RFID technology. Key players in the market offer hybrid data management solutions, cloud data warehouses, and data integration technology. IoT data management is essential for gaining valuable insights from the zettabytes of data generated by IoT devices.

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The solutions segment was valued at USD 34.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market for IoT data management experiences significant g

Aposemat IoT-23 - a Labeled Dataset with Malcious and Benign Iot Network Traffic

Homepage: https://www.stratosphereips.org/datasets-iot23 This dataset contains a subset of the data from 20 captures of Malcious network traffic and 3 captures from live Benign Traffic on Internet of Things (IoT) devices. Created by Sebastian Garcia, Agustin Parmisano, & Maria Jose Erquiaga at the Avast AIC laboratory with the funding of Avast Software, this dataset is one of the best in the field… See the full description on the dataset page: https://huggingface.co/datasets/19kmunz/iot-23-preprocessed-allcolumns.

By Component Type:The North American IoT market is segmented by component type into hardware, software, and services. In 2023, hardware held the largest market share due to the continued demand for sensors, connectivity devices, and gateways. The hardware segments dominance is primarily driven by the growing adoption of IoT in industries like manufacturing, logistics, and healthcare, where connected devices are critical to operations. For instance, healthcare facilities increasingly rely on IoT-enabled medical devices for patient monitoring and diagnostics, contributing significantly to hardware sales. North America IoT Market Segmentation In 2023, cities like San Francisco, New York, and Toronto emerged as dominant players in the North American IoT market. San Francisco's strong presence is driven by its tech ecosystem, with key IoT firms and startups setting up operations in the city. New York has invested heavily in IoT for transportation and public safety, while Toronto's Quayside Smart City project is a flagship initiative that has cemented its position as a leader in IoT-driven urban development.

In 2023, cities like San Francisco, New York, and Toronto emerged as dominant players in the North American IoT market. San Francisco's strong presence is driven by its tech ecosystem, with key IoT firms and startups setting up operations in the city. New York has invested heavily in IoT for transportation and public safety, while Toronto's Quayside Smart City project is a flagship initiative that has cemented its position as a leader in IoT-driven urban development.

According to most recent data, AT&T held first place among service providers with regards to the share of cellular IoT connections in the United States in the first half of 2019. Verizon took second place, accounting for 20 percent of the market. As a whole, cellular-IoT connections in the United States grew 20 percent year-on-year in that period.

The North America IoT Data Management Market would witness market growth of 13.7% CAGR during the forecast period (2024-2031). The US market dominated the North America IoT Data Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market v

The North American and European IoT Gateway Market is segmented by Application (Home Automation and Security, Mobility and Transportation, Industrial and Infrastructure), by End-user Industry (Automotive and Transportation, Industrial, Oil & Gas, Retail, BFSI, Aerospace & Defense) and Geography.

The report covers Latin America Internet of Things (IoT) Security Companies and the market is segmented by Type of Security (Network Security, Endpoint Security, Application Security, Cloud Security), Solutions (IAM, IPS, DLP, UTM, SVM, NSF), Application (Home Automation, Wearables, Manufacturing Process Management, Patient Information Management, Supply Chain Operation, Customer Information Security), End-User Industries (Healthcare, Manufacturing, Utilities, BFSI, Retail, Government), and Geography (Brazil, Argentina, Mexico, and Others). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

The U.S. Internet of Things (IoT) Market size was valued at USD 98.09 USD billion in 2023 and is projected to reach USD 459.93 USD billion by 2032, exhibiting a CAGR of 24.7 % during the forecast period. The U.S. market for the Internet of Things (IoT) has become more diverse because it has a strong effect on an extended area of industries. It can be important to connect different devices and sensors to the internet to carry over and share the data, it makes automation, efficiency, and faster making decisions possible. The United States is among the countries that see Internet of Things technologies in smart homes, healthcare, agriculture, manufacturing, and decision-making, among other applications. The main possible applications are remote surveillance, time-wave standing of the equipment, and asset tracking. To illustrate, the merger of IoT and AI and ML for more thorough data analytics, the setting up of 5G networks to support massive IoT connectivity, and the enhanced data protection related to cyber security are vital trends in the US IoT market. Key drivers for this market are: Increased Number of Relevant Partnerships and Collaborations to Achieve Advancements in Artificial Intelligence Technology. Potential restraints include: Lack of Data Security Associated with Connected Devices to Hinder the Market Growth. Notable trends are: Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.

The IoT device management market size is projected to be valued at US$ 4,965.4 million in 2023 and is expected to rise to US$ 28,118.5 million by 2033. The sales of IoT device management are predicted to expand at a significant CAGR of 16.8% during the forecast period. Over the next few years, the market is likely to be driven by rising demand for IoT services, as well as increased penetration of communication and networking technologies.

Attributes	Details
IoT Device Management Market Estimated Size (2023)	US$ 4,965.4 million
IoT Device Management Market CAGR (2023 to 2033)	16.8%
IoT Device Management Market Forecasted Size (2033)	US$ 28,118.5 million

Scope of the Report

Attributes	Details
Growth Rate	CAGR of 16.8% from 2023 to 2033
Base Year of Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million and Volume in Units and F-CAGR from 2023 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	Component Deployment Type Organization Size End User Vertical Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	The United States Canada Brazil Mexico Germany Italy France The United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	Smith Micro Software, SAP SE, Oracle Corporation, Microsoft Corporation, Intel Corporation, IBM Corporation, Google Inc, ARM Holdings, Amazon Web Services Inc.
Customization & Pricing	Available upon Request

The USA IoT in Healthcare market, valued at USD 29.6 billion, is driven by the increasing adoption of connected medical devices, advancements in telemedicine.

North America Massive IoT market size will be USD 29007.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.4% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 120590.1 Million by 2031. This growth is mainly attributed to the region's technological advancements.

By 2025 the total number of consumer and industrial Internet of Things (IoT) connections in North America is forecast to grow to 5.4 billion. In 2019, the number of IoT connections in North America amounted to 2.8 billion connections.

The US Industrial IoT market is projected to grow over 13% CAGR from 2024-2029, driven by increasing automation and smart manufacturing trends.

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IoT Analytics Market Size and Trends

The IoT analytics market size is forecast to increase by USD 153.66 billion, at a CAGR of 46.4% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for data-driven insights in various industries. One of the key drivers is the need to enhance business efficiency, particularly in sectors such as healthcare with the use of heart rate tracking and other vital sign monitoring. However, challenges persist, including the sluggish connectivity for Internet of Things devices, which can hinder the seamless flow of data within the IoT ecosystem. The connected car market is also expected to contribute significantly to the growth of IoT analytics, as real-time data analysis becomes increasingly important for optimizing vehicle performance and enhancing the user experience. On-premise IoT analytics solutions continue to be popular due to concerns around data security and privacy. Overall, the market is poised for continued expansion as businesses seek to unlock the value of the vast amounts of data generated by IoT devices.

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The market has revolutionized various industries by enabling the generation and collection of vast amounts of data. This data, in turn, is fueling the automation and optimization of business processes across sectors such as manufacturing, healthcare, agriculture, supply chain management, energy-intensive industries, and smart homes. IoT technology is transforming industries by providing real-time data from various sources, including autonomous vehicles, global positioning systems, and wearable devices. This data is essential for process optimization and improving operational efficiency. For instance, in manufacturing, real-time data from machines can help identify potential issues before they escalate, reducing downtime and increasing productivity. In healthcare, IoT analytics is enabling a patient-centric model by providing personalized recommendations based on real-time data from wearable devices, such as heart rate tracking. This data can help healthcare professionals monitor patients' health status and provide timely interventions, leading to better patient outcomes. Similarly, in agriculture, IoT analytics is helping farmers optimize irrigation, monitor crop health, and manage livestock, leading to increased productivity and reduced costs.

In energy-intensive industries, real-time data from sensors can help identify energy wastage and optimize energy usage, leading to cost savings and reduced carbon footprint. IoT analytics is also transforming supply chain management by providing real-time visibility into inventory levels, shipping status, and delivery schedules. This data can help businesses optimize their supply chain operations, reduce lead times, and improve customer satisfaction. Furthermore, IoT analytics is enabling the development of smart homes, where data from various sensors can be used to optimize energy usage, improve safety, and provide personalized recommendations to residents. In conclusion, IoT analytics is transforming various industries by providing real-time data from various sources, enabling process optimization, and improving operational efficiency. The use of descriptive analytics in IoT data can help businesses gain insights into their operations, identify trends, and make data-driven decisions. By leveraging IoT analytics, businesses can gain a competitive edge and improve their bottom line.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Component

  Software
  Services


End-user

  Manufacturing
  Retail
  Healthcare
  Telecommunication and IT
  Others


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan


  Europe

    Germany
    UK
    France
    Spain


  Middle East and Africa



  South America

By Component Insights

The software segment is estimated to witness significant growth during the forecast period. In the market, software solutions held the largest share in 2023, according to the global market size. This dominance is driven by the expanding reach of IT and retail companies, leading to an increased need for managing vast amounts of data. SMEs in emerging economies, such as China, India, Brazil, Indonesia, and Mexico, are fueling the demand for IoT analytics software. These businesses require insights to drive growth and remain competitive.

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The software segment was valued at USD 6.94 billion in 2018. Companies cater to various industries, offering software solutions for real-time data collection and analysis. Ensuring data security is crucial

Technological advancements in the US IoT Security industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.