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

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

The North America IoT Security Market report segments the industry into Type Of Security (Network Security, End-Point Security), Solution (Software, Services), End-User Industry (Automotive, Healthcare, Government, Manufacturing, Energy And Power, Retail, BFSI, Others End-User Industries), and Geography (United States, Canada). Get five years of historical data alongside five-year market forecasts.

North America was the largest regional market for consumer IoT market in 2022 amounting to around **** billion U.S. dollars. Between 2023 and 2030, the United States market was forecast to grow by a compound annual growth rate of ** percent, reaching a projected **** billion U.S. dollars in 2030.

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

North America Industrial IoT Market by Component (Hardware, Platform, Services, Connectivity), Industry (Agriculture, Manufacturing, Energy & Utilities, Oil & Gas, Aerospace, Retail, Transportation & Logistics, Others), & Geography - Forecast to 2032

North America Satellite IoT Market was valued at USD 1.5 billion and is expected to reach USD 7.2 billion, growing at a CAGR of around 5% from 2025 to 2031. Satellite IoT refers to the use of satellites for communication between devices or sensors located on Earth's surface. This technology enables continuous and real-time transmission of data from remote locations, which is critical for industries such as transportation, agriculture, energy and utilities, and government and defense.

Unlock lucrative growth opportunities in the AI in IoT market with our business intelligence report. Stay informed about the latest trends and overcome industry challenges

The North America Industrial IoT market is projected to grow at a CAGR of over 13% from 2024 to 2029, driven by increasing adoption of smart manufacturing technologies.

The revenue in the 'Healthcare IoT' segment of the internet of things market in North America was modeled to amount to ************* U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************* U.S. dollars since 2018. Between 2024 and 2029, the revenue will rise by ************* U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Healthcare IoT.

North America Massive IoT market size was 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.

The North America IoT security market reached around USD 2.41 Billion in 2024. The market is projected to grow at a CAGR of 25.10% between 2025 and 2034 to reach nearly USD 22.63 Billion by 2034.

The North America Cellular IoT Market would witness market growth of 24.9% CAGR during the forecast period (2024-2031). The US market dominated the North America Cellular IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,26

Snapshot img

Industrial Internet Of Things (IoT) Market Size 2025-2029

The industrial internet of things (IoT) market size is valued to increase USD 195.8 billion, at a CAGR of 14.8% from 2024 to 2029. Growth in industrial automation will drive the Industrial Internet of Things (IoT) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 43% growth during the forecast period.
By End-user - Manufacturing segment was valued at USD 28.50 billion in 2023
By Component - Hardware segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 262.15 billion
Market Future Opportunities: USD 195.80 billion
CAGR : 14.8%
APAC: Largest market in 2023

Market Summary

The market encompasses a dynamic and continuously evolving landscape, driven by the integration of core technologies such as artificial intelligence, machine learning, and advanced sensors into industrial processes. IoT applications span various sectors, including manufacturing, transportation, energy, and healthcare, with a growing emphasis on improving operational efficiency and productivity. According to recent studies, the industrial automation segment is expected to dominate the market, accounting for over 40% of the total IoT spending. The evolving global device manager market is another significant factor, with an increasing number of organizations recognizing the need for efficient management of their IoT initiatives and investments.
However, the market faces challenges, such as the lack of awareness and understanding of IoT technologies among businesses and the need for robust security measures to protect against cyber threats. Despite these challenges, opportunities abound, including the potential for predictive maintenance, real-time data analysis, and enhanced supply chain visibility. With the increasing adoption of IoT technologies, the market is poised for significant growth, offering numerous benefits to businesses across industries.

What will be the Size of the Industrial Internet Of Things (IoT) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Industrial Internet Of Things (IoT) Market Segmented and what are the key trends of market segmentation?

The industrial internet of things (IoT) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Manufacturing
  Automotive and transportation
  Energy and utilities
  Healthcare
  Others


Component

  Hardware
  Software
  Services
  Platforms


Connectivity

  Wired
  Wireless


Deployment

  On-cloud
  On-premises


Organization Size

  Large Enterprises
  Small and Medium Enterprises (SMEs)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

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

In the dynamic and evolving market, data visualization dashboards play a pivotal role in making informed business decisions. IoT sensors are integrated into various industries, including machinery, food and beverage, chemicals and materials, and electrical and electronics, to monitor equipment performance and optimize processes. High-performance computing and distributed ledger technology facilitate real-time data processing and secure transactions. Operational efficiency improvements are achieved through the implementation of manufacturing execution systems, software-defined networking, and data acquisition systems. Time series databases and edge computing devices enable sensor data fusion, while cloud computing platforms offer scalability and flexibility. Anomaly detection methods and network security protocols ensure data security and privacy.

Remote monitoring systems and digital twin technology provide insights into industrial processes, enabling predictive maintenance models and process optimization techniques. Industrial control systems and energy management systems are enhanced through IoT integration, leading to significant energy savings. Low-power wide-area networks facilitate seamless connectivity, while machine learning algorithms and real-time data processing optimize performance and reduce downtime. Despite the numerous benefits, cybersecurity threats pose a challenge to IoT adoption. Data stream mining and big data analytics help businesses gain valuable insights from the vast amounts of data generated by IoT devices. System integration services ensure seamless implementation of IoT solutions, while smart factory impl

North America Lte Iot Market is projected to grow around USAD 3.6 billion by 2031, at a CAGR of 13.2% during the forecast period.

North America Internet Of Things (IoT) Devices comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

Market Analysis for North America IoT Security Industry The North America IoT security market is poised for substantial growth over the coming years, driven by increasing adoption of IoT devices and rising concerns over cyber threats. The market was valued at USD 9.79 million in 2025 and is projected to reach USD 56.23 million by 2033, exhibiting a remarkable CAGR of 21.97%. This growth can be attributed to the growing demand for IoT devices in various industries, such as automotive, healthcare, and manufacturing, necessitating robust security measures to protect critical data and systems from malicious attacks. Key drivers fueling the market include the increasing adoption of IoT devices, the growing awareness of cyber threats, and the need for regulatory compliance. Market trends indicate a shift towards software-based solutions, cloud-based security, and endpoint security. However, restraints such as high implementation costs and potential interoperability issues between IoT devices pose challenges to market growth. The market is segmented by type of security (network security, end-point security), solution (software, services), end-user industry (automotive, healthcare, government), and geography (United States, Canada). Key players in the market include IBM Corporation, Fortinet Inc, and Cisco Systems Inc. Recent developments include: January 2023: KORE, a leading provider of Internet of Things (IoT) solutions and worldwide IoT connectivity-as-a-service (CaaS), chose Amazon Web Services (AWS) to streamline the deployment, management, and security of large-scale IoT solutions. KORE has introduced its OmniSIM SAFE solution, powered by AWS IoT Core, to address security challenges associated with Massive IoT and large-scale IoT deployments., February 2022: Check Point Software Technologies Ltd., a global leader in cybersecurity solutions, announced the acquisition of Spectral, a prominent innovator in developer-centric security tools. This strategic move by Check Point expands its cloud offering, Check Point CloudGuard, with a developer-focused security platform, providing a comprehensive suite of cloud application security features, including Infrastructure as Code (IaC) scanning and detection of hardcoded secrets.. Key drivers for this market are: Increasing Number of Data Breaches, Emergence of Smart Cities. Potential restraints include: Growing Complexity among Devices, coupled with the Lack of Ubiquitous Legislation. Notable trends are: Increasing Number of Data Breaches is Anticipated to Drive the Market.

North America IoT Connectivity Management Platform market size was USD 2980.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 8893.6 Million by 2031. This growth is mainly attributed to the region's advanced technological infrastructure and high adoption rates of IoT solutions across various industries.

North America 5G IoT Market is projected to grow around USD 7.9 billion in 2025 to USD 29.6 billion by 2031, at a CAGR of 24.7% during the forecast period.

North America IoT Node and Gateway comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

The North America IoT engineering services market was valued at USD 8.76 Billion in 2022 and grew at a rate of 24.7% during the forecast period.

North America IoT in Healthcare comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.