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PUBLISHER: KBV Research | PRODUCT CODE: 1501219
PUBLISHER: KBV Research | PRODUCT CODE: 1501219
North America IoT Technology Market Size, Share & Trends Analysis Report By End Use, By Component, By Node Component (Processor, Logic Device, Memory Device, Sensor, and Connectivity IC), By Country and Growth Forecast, 2024 - 2031
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The North America IoT Technology Market would witness market growth of 10.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America IoT Technology Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $461,715.8 million by 2031. The Canada market is experiencing a CAGR of 13.1% during (2024 - 2031). Additionally, The Mexico market would witness a CAGR of 12.1% during (2024 - 2031).
The emergence of the Internet of Things (IoT) as act a disruptive force is reshaping industries, societies, and economies worldwide. At its essence, IoT embodies the concept of interconnectedness, where a vast array of devices, sensors, and systems communicate and collaborate seamlessly over the internet, facilitating data exchange and enabling a spectrum of applications including anything from industrial automation to consumer electronics. The IoT technology market, fuelled by a convergence of technological advancements, economic imperatives, and societal demands, has grown exponentially in the last few years, driving it into the forefront of innovation and investment.
This meteoric rise can be attributed to several key drivers, including the proliferation of high-speed internet connectivity, the miniaturization of hardware components, the advent the development of artificial intelligence (AI) with cloud computing and machine learning (ML) algorithms. These foundational pillars have collectively laid the groundwork for the proliferation of IoT solutions across diverse sectors, including healthcare, agriculture, transportation, manufacturing, energy, and smart cities.
The ICT sector in North America is a hotbed of innovation, with leading technology companies continually pushing the boundaries of what's possible with IoT. Research and development efforts focus on improving IoT devices, sensors, connectivity protocols, and data analytics capabilities. This innovation drives market growth by introducing new IoT applications, enhancing existing solutions, and reducing the cost of IoT deployment, making it more accessible to businesses of all sizes. Canada has a very strong homegrown technology sector.
According to International Trade Administration (ITA), in 2023, there are over 43,200 companies in the Canadian ICT sector. The large majority are in the software and computer services industries. The Government of Canada is the single largest purchaser of ICT goods and services in Canada at around $5 billion per year. Thus, the expansion of the ICT sector and growing internet usage is significantly increasing the IoT technology market in North America.
Based on End Use, the market is segmented into Industrial, and Consumer. Based on Component, the market is segmented into Software Solution (Data Management, Real-Time Streaming Analytics, Remote Monitoring, Network Bandwidth Management, and Security Solution), Platform (Device Management, Application Management, and Network Management), and Services (Professional Services, and Managed Services). Based on Node Component, the market is segmented into Processor, Logic Device, Memory Device, Sensor, and Connectivity IC. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Intel Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Texas Instruments, Inc.
- STMicroelectronics N.V.
- Cisco Systems, Inc.
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- PTC, Inc.
- TE Connectivity Ltd.
North America IoT Technology Market Report Segmentation
By End Use
- Industrial
- Consumer
By Component
- Software Solution
- Data Management
- Real-Time Streaming Analytics
- Remote Monitoring
- Network Bandwidth Management
- Security Solution
- Platform
- Device Management
- Application Management
- Network Management
- Services
- Professional Services
- Managed Services
By Node Component
- Processor
- Logic Device
- Memory Device
- Sensor
- Connectivity IC
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America IoT Technology Market, by End Use
- 1.4.2 North America IoT Technology Market, by Component
- 1.4.3 North America IoT Technology Market, by Node Component
- 1.4.4 North America IoT Technology Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnership and Collaboration: 2020, Nov - 2024, May) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America IoT Technology Market by End Use
- 5.1 North America Industrial Market by Country
- 5.2 North America Consumer Market by Country
Chapter 6. North America IoT Technology Market by Component
- 6.1 North America Software Solution Market by Country
- 6.2 North America IoT Technology Market by Software Solution Type
- 6.2.1 North America Data Management Market by Country
- 6.2.2 North America Real-Time Streaming Analytics Market by Country
- 6.2.3 North America Remote Monitoring Market by Country
- 6.2.4 North America Network Bandwidth Management Market by Country
- 6.2.5 North America Security Solution Market by Country
- 6.3 North America Platform Market by Country
- 6.4 North America IoT Technology Market by Platform Type
- 6.4.1 North America Device Management Market by Country
- 6.4.2 North America Application Management Market by Country
- 6.4.3 North America Network Management Market by Country
- 6.5 North America Services Market by Country
- 6.6 North America IoT Technology Market by Services Type
- 6.6.1 North America Professional Services Market by Region
- 6.6.2 North America Managed Services Market by Region
Chapter 7. North America IoT Technology Market by Node Component
- 7.1 North America Processor Market by Country
- 7.2 North America Logic Device Market by Country
- 7.3 North America Memory Device Market by Country
- 7.4 North America Sensor Market by Country
- 7.5 North America Connectivity IC Market by Country
Chapter 8. North America IoT Technology Market by Country
- 8.1 US IoT Technology Market
- 8.1.1 US IoT Technology Market by End Use
- 8.1.2 US IoT Technology Market by Component
- 8.1.2.1 US IoT Technology Market by Software Solution Type
- 8.1.2.2 US IoT Technology Market by Platform Type
- 8.1.2.3 US IoT Technology Market by Services Type
- 8.1.3 US IoT Technology Market by Node Component
- 8.2 Canada IoT Technology Market
- 8.2.1 Canada IoT Technology Market by End Use
- 8.2.2 Canada IoT Technology Market by Component
- 8.2.2.1 Canada IoT Technology Market by Software Solution Type
- 8.2.2.2 Canada IoT Technology Market by Platform Type
- 8.2.2.3 Canada IoT Technology Market by Services Type
- 8.2.3 Canada IoT Technology Market by Node Component
- 8.3 Mexico IoT Technology Market
- 8.3.1 Mexico IoT Technology Market by End Use
- 8.3.2 Mexico IoT Technology Market by Component
- 8.3.2.1 Mexico IoT Technology Market by Software Solution Type
- 8.3.2.2 Mexico IoT Technology Market by Platform Type
- 8.3.2.3 Mexico IoT Technology Market by Services Type
- 8.3.3 Mexico IoT Technology Market by Node Component
- 8.4 Rest of North America IoT Technology Market
- 8.4.1 Rest of North America IoT Technology Market by End Use
- 8.4.2 Rest of North America IoT Technology Market by Component
- 8.4.2.1 Rest of North America IoT Technology Market by Software Solution Type
- 8.4.2.2 Rest of North America IoT Technology Market by Platform Type
- 8.4.2.3 Rest of North America IoT Technology Market by Services Type
- 8.4.3 Rest of North America IoT Technology Market by Node Component
Chapter 9. Company Profiles
- 9.1 Intel Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.6 SWOT Analysis
- 9.3 Texas Instruments, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 STMicroelectronics N.V.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.5.3 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Cisco Systems, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
- 9.6 IBM Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional & Segmental Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 Microsoft Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental Analysis
- 9.8.4 Recent strategies and developments:
- 9.8.4.1 Partnerships, Collaborations, and Agreements:
- 9.8.5 SWOT Analysis
- 9.9 PTC, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.6 SWOT Analysis
- 9.10. TE Connectivity Ltd.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Acquisition and Mergers:
- 9.10.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America IoT Technology Market, 2020 - 2023, USD Million
- TABLE 2 North America IoT Technology Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- IoT Technology Market
- TABLE 4 Product Launches And Product Expansions- IoT Technology Market
- TABLE 5 Acquisition and Mergers- IoT Technology Market
- TABLE 6 North America IoT Technology Market by End Use, 2020 - 2023, USD Million
- TABLE 7 North America IoT Technology Market by End Use, 2024 - 2031, USD Million
- TABLE 8 North America Industrial Market by Country, 2020 - 2023, USD Million
- TABLE 9 North America Industrial Market by Country, 2024 - 2031, USD Million
- TABLE 10 North America Consumer Market by Country, 2020 - 2023, USD Million
- TABLE 11 North America Consumer Market by Country, 2024 - 2031, USD Million
- TABLE 12 North America IoT Technology Market by Component, 2020 - 2023, USD Million
- TABLE 13 North America IoT Technology Market by Component, 2024 - 2031, USD Million
- TABLE 14 North America Software Solution Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Software Solution Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America IoT Technology Market by Software Solution Type, 2020 - 2023, USD Million
- TABLE 17 North America IoT Technology Market by Software Solution Type, 2024 - 2031, USD Million
- TABLE 18 North America Data Management Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America Data Management Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Real-Time Streaming Analytics Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Real-Time Streaming Analytics Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America Remote Monitoring Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Remote Monitoring Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America Network Bandwidth Management Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America Network Bandwidth Management Market by Country, 2024 - 2031, USD Million
- TABLE 26 North America Security Solution Market by Country, 2020 - 2023, USD Million
- TABLE 27 North America Security Solution Market by Country, 2024 - 2031, USD Million
- TABLE 28 North America Platform Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Platform Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America IoT Technology Market by Platform Type, 2020 - 2023, USD Million
- TABLE 31 North America IoT Technology Market by Platform Type, 2024 - 2031, USD Million
- TABLE 32 North America Device Management Market by Country, 2020 - 2023, USD Million
- TABLE 33 North America Device Management Market by Country, 2024 - 2031, USD Million
- TABLE 34 North America Application Management Market by Country, 2020 - 2023, USD Million
- TABLE 35 North America Application Management Market by Country, 2024 - 2031, USD Million
- TABLE 36 North America Network Management Market by Country, 2020 - 2023, USD Million
- TABLE 37 North America Network Management Market by Country, 2024 - 2031, USD Million
- TABLE 38 North America Services Market by Country, 2020 - 2023, USD Million
- TABLE 39 North America Services Market by Country, 2024 - 2031, USD Million
- TABLE 40 North America IoT Technology Market by Services Type, 2020 - 2023, USD Million
- TABLE 41 North America IoT Technology Market by Services Type, 2024 - 2031, USD Million
- TABLE 42 North America Professional Services Market by Region, 2020 - 2023, USD Million
- TABLE 43 North America Professional Services Market by Region, 2024 - 2031, USD Million
- TABLE 44 North America Managed Services Market by Region, 2020 - 2023, USD Million
- TABLE 45 North America Managed Services Market by Region, 2024 - 2031, USD Million
- TABLE 46 North America IoT Technology Market by Node Component, 2020 - 2023, USD Million
- TABLE 47 North America IoT Technology Market by Node Component, 2024 - 2031, USD Million
- TABLE 48 North America Processor Market by Country, 2020 - 2023, USD Million
- TABLE 49 North America Processor Market by Country, 2024 - 2031, USD Million
- TABLE 50 North America Logic Device Market by Country, 2020 - 2023, USD Million
- TABLE 51 North America Logic Device Market by Country, 2024 - 2031, USD Million
- TABLE 52 North America Memory Device Market by Country, 2020 - 2023, USD Million
- TABLE 53 North America Memory Device Market by Country, 2024 - 2031, USD Million
- TABLE 54 North America Sensor Market by Country, 2020 - 2023, USD Million
- TABLE 55 North America Sensor Market by Country, 2024 - 2031, USD Million
- TABLE 56 North America Connectivity IC Market by Country, 2020 - 2023, USD Million
- TABLE 57 North America Connectivity IC Market by Country, 2024 - 2031, USD Million
- TABLE 58 North America IoT Technology Market by Country, 2020 - 2023, USD Million
- TABLE 59 North America IoT Technology Market by Country, 2024 - 2031, USD Million
- TABLE 60 US IoT Technology Market, 2020 - 2023, USD Million
- TABLE 61 US IoT Technology Market, 2024 - 2031, USD Million
- TABLE 62 US IoT Technology Market by End Use, 2020 - 2023, USD Million
- TABLE 63 US IoT Technology Market by End Use, 2024 - 2031, USD Million
- TABLE 64 US IoT Technology Market by Component, 2020 - 2023, USD Million
- TABLE 65 US IoT Technology Market by Component, 2024 - 2031, USD Million
- TABLE 66 US IoT Technology Market by Software Solution Type, 2020 - 2023, USD Million
- TABLE 67 US IoT Technology Market by Software Solution Type, 2024 - 2031, USD Million
- TABLE 68 US IoT Technology Market by Platform Type, 2020 - 2023, USD Million
- TABLE 69 US IoT Technology Market by Platform Type, 2024 - 2031, USD Million
- TABLE 70 US IoT Technology Market by Services Type, 2020 - 2023, USD Million
- TABLE 71 US IoT Technology Market by Services Type, 2024 - 2031, USD Million
- TABLE 72 US IoT Technology Market by Node Component, 2020 - 2023, USD Million
- TABLE 73 US IoT Technology Market by Node Component, 2024 - 2031, USD Million
- TABLE 74 Canada IoT Technology Market, 2020 - 2023, USD Million
- TABLE 75 Canada IoT Technology Market, 2024 - 2031, USD Million
- TABLE 76 Canada IoT Technology Market by End Use, 2020 - 2023, USD Million
- TABLE 77 Canada IoT Technology Market by End Use, 2024 - 2031, USD Million
- TABLE 78 Canada IoT Technology Market by Component, 2020 - 2023, USD Million
- TABLE 79 Canada IoT Technology Market by Component, 2024 - 2031, USD Million
- TABLE 80 Canada IoT Technology Market by Software Solution Type, 2020 - 2023, USD Million
- TABLE 81 Canada IoT Technology Market by Software Solution Type, 2024 - 2031, USD Million
- TABLE 82 Canada IoT Technology Market by Platform Type, 2020 - 2023, USD Million
- TABLE 83 Canada IoT Technology Market by Platform Type, 2024 - 2031, USD Million
- TABLE 84 Canada IoT Technology Market by Services Type, 2020 - 2023, USD Million
- TABLE 85 Canada IoT Technology Market by Services Type, 2024 - 2031, USD Million
- TABLE 86 Canada IoT Technology Market by Node Component, 2020 - 2023, USD Million
- TABLE 87 Canada IoT Technology Market by Node Component, 2024 - 2031, USD Million
- TABLE 88 Mexico IoT Technology Market, 2020 - 2023, USD Million
- TABLE 89 Mexico IoT Technology Market, 2024 - 2031, USD Million
- TABLE 90 Mexico IoT Technology Market by End Use, 2020 - 2023, USD Million
- TABLE 91 Mexico IoT Technology Market by End Use, 2024 - 2031, USD Million
- TABLE 92 Mexico IoT Technology Market by Component, 2020 - 2023, USD Million
- TABLE 93 Mexico IoT Technology Market by Component, 2024 - 2031, USD Million
- TABLE 94 Mexico IoT Technology Market by Software Solution Type, 2020 - 2023, USD Million
- TABLE 95 Mexico IoT Technology Market by Software Solution Type, 2024 - 2031, USD Million
- TABLE 96 Mexico IoT Technology Market by Platform Type, 2020 - 2023, USD Million
- TABLE 97 Mexico IoT Technology Market by Platform Type, 2024 - 2031, USD Million
- TABLE 98 Mexico IoT Technology Market by Services Type, 2020 - 2023, USD Million
- TABLE 99 Mexico IoT Technology Market by Services Type, 2024 - 2031, USD Million
- TABLE 100 Mexico IoT Technology Market by Node Component, 2020 - 2023, USD Million
- TABLE 101 Mexico IoT Technology Market by Node Component, 2024 - 2031, USD Million
- TABLE 102 Rest of North America IoT Technology Market, 2020 - 2023, USD Million
- TABLE 103 Rest of North America IoT Technology Market, 2024 - 2031, USD Million
- TABLE 104 Rest of North America IoT Technology Market by End Use, 2020 - 2023, USD Million
- TABLE 105 Rest of North America IoT Technology Market by End Use, 2024 - 2031, USD Million
- TABLE 106 Rest of North America IoT Technology Market by Component, 2020 - 2023, USD Million
- TABLE 107 Rest of North America IoT Technology Market by Component, 2024 - 2031, USD Million
- TABLE 108 Rest of North America IoT Technology Market by Software Solution Type, 2020 - 2023, USD Million
- TABLE 109 Rest of North America IoT Technology Market by Software Solution Type, 2024 - 2031, USD Million
- TABLE 110 Rest of North America IoT Technology Market by Platform Type, 2020 - 2023, USD Million
- TABLE 111 Rest of North America IoT Technology Market by Platform Type, 2024 - 2031, USD Million
- TABLE 112 Rest of North America IoT Technology Market by Services Type, 2020 - 2023, USD Million
- TABLE 113 Rest of North America IoT Technology Market by Services Type, 2024 - 2031, USD Million
- TABLE 114 Rest of North America IoT Technology Market by Node Component, 2020 - 2023, USD Million
- TABLE 115 Rest of North America IoT Technology Market by Node Component, 2024 - 2031, USD Million
- TABLE 116 Key Information - Intel Corporation
- TABLE 117 Key Information - Qualcomm Incorporated
- TABLE 118 Key Information - Texas Instruments, Inc.
- TABLE 119 Key Information - STMicroelectronics N.V.
- TABLE 120 Key Information - Cisco Systems, Inc.
- TABLE 121 Key Information - IBM Corporation
- TABLE 122 Key Information - Microsoft Corporation
- TABLE 123 Key Information - Amazon Web Services, Inc.
- TABLE 124 key Information - PTC, Inc.
- TABLE 125 Key information -TE Connectivity Ltd.
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