United States IoT Devices Market was valued at USD 35 Billion in 2022 and is projected to reach USD 120 Billion by 2030, growing at a CAGR of 19% from 2024 to 2030.
The US IoT Devices Market has rapidly expanded in recent years, becoming one of the key driving forces behind the digital transformation across industries. Internet of Things (IoT) devices are revolutionizing sectors such as healthcare, retail, manufacturing, agriculture, and transportation by enabling seamless connectivity, automation, and data-driven decision-making. The demand for IoT devices in the US is increasing as businesses seek to enhance operational efficiency, improve customer experiences, and leverage data for more informed business strategies.
One of the primary reasons for the growth of the IoT Devices Market is the continuous advancements in wireless connectivity, cloud computing, and sensor technologies. These innovations allow IoT devices to function more efficiently, enabling industries to collect vast amounts of data in real-time. For example, smart sensors deployed in factories can monitor equipment performance, predict maintenance needs, and reduce downtime, leading to significant cost savings and higher productivity levels.
The requirements of IoT devices vary significantly across industries. In healthcare, IoT devices must comply with strict regulations regarding data privacy and security, as patient information is highly sensitive. IoT devices in healthcare also need to be highly accurate and reliable to monitor patient health in real time, ensuring optimal care. Similarly, in agriculture, IoT devices need to withstand harsh weather conditions while providing accurate data on soil health, moisture levels, and crop growth, all of which contribute to better yield and resource management.
The US IoT Devices Market is also influenced by the increasing adoption of smart homes and smart cities, which require interconnected devices capable of communicating with each other. These devices range from smart thermostats and security systems to traffic management sensors and waste collection systems. The demand for IoT devices in urban areas is expected to continue growing as cities work towards becoming more sustainable and efficient.
As businesses across the US continue to integrate IoT devices into their operations, the market's expansion is expected to accelerate, with industries requiring more innovative solutions tailored to their specific needs. The growth of the IoT Devices Market is not just a trend; it’s a transformative shift that’s reshaping the future of industries and daily life.
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Cisco
GE
Honeywell
Intel
IBM
ABB
Rockwell Automation
Siemens
Huawei
Bosch
Kuka
Texas Instrumemts
Dassault Systemes
PTC
ARM
NEC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US IoT Devices Market
Smartphones
Smart Wearables
Connected Home Devices
Smart Healthcare Devices
Smart Agriculture Devices
Industrial IoT Devices
Automotive IoT Devices
Consumer IoT Devices
Wi-Fi
Bluetooth
Zigbee
LPWAN (Low Power Wide Area Network)
Cellular Connectivity
5G
Thread
Others
Healthcare
Retail
Manufacturing
Agriculture
Transportation & Logistics
Energy & Utilities
Building & Home Automation
Consumer Electronics
Smart Homes
Smart Cities
Industrial Automation
Healthcare Monitoring
Asset Tracking
Wearable Health Devices
Supply Chain Management
Fleet Management
Hardware
Software
Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US IoT Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US IoT Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US IoT Devices Market, By Type
6. US IoT Devices Market, By Application
7. US IoT Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US IoT Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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