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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

Published Date : 19-Jun-2024

Pages: 160

Formats: PDF

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).

North America IoT Technology Market

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.

Free Valuable Insights: The IoT Technology Market is Predict to reach USD 1,754 Billion by 2031, at a CAGR of 11.4%

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
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
3.2 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
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.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America IoT Technology Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting IoT Technology Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnership and Collaboration : 2020, Nov – 2024, May) Leading Players
FIG 8 Porter’s Five Forces Analysis – IoT Technology Market
FIG 9 North America IoT Technology Market share by End Use, 2023
FIG 10 North America IoT Technology Market share by End Use, 2031
FIG 11 North America IoT Technology Market by End Use, 2020 - 2031, USD Million
FIG 12 North America IoT Technology Market share by Component, 2023
FIG 13 North America IoT Technology Market share by Component, 2031
FIG 14 North America IoT Technology Market by Component, 2020 - 2031, USD Million
FIG 15 North America IoT Technology Market share by Node Component, 2023
FIG 16 North America IoT Technology Market share by Node Component, 2031
FIG 17 North America IoT Technology Market by Node Component, 2020 - 2031, USD Million
FIG 18 North America IoT Technology Market share by Country, 2023
FIG 19 North America IoT Technology Market share by Country, 2031
FIG 20 North America IoT Technology Market by Country, 2020 - 2031, USD Million
FIG 21 Recent strategies and developments: Intel Corporation
FIG 22 SWOT Analysis: Intel corporation
FIG 23 SWOT Analysis: QUALCOMM Incorporated
FIG 24 SWOT Analysis: Texas Instruments, Inc.
FIG 25 Recent strategies and developments: STMicroelectronics N.V.
FIG 26 SWOT Analysis: STMicroelectronics N.V.
FIG 27 SWOT Analysis: Cisco Systems, Inc.
FIG 28 Recent strategies and developments: IBM Corporation
FIG 29 SWOT Analysis: IBM Corporation
FIG 30 Recent strategies and developments: Microsoft Corporation
FIG 31 SWOT Analysis: Microsoft Corporation
FIG 32 SWOT Analysis: Amazon Web Services, Inc.
FIG 33 Swot Analysis: PTC, Inc.
FIG 34 SWOT Analysis: TE Connectivity Ltd

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