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    US Connected IoT Devices Market

    ID: MRFR/SEM/12553-HCR
    200 Pages
    Garvit Vyas
    September 2025

    US Connected IoT Devices Market Research Report By Component (Solution, Service), By Deployment (Private, Public) and By Application (Smart Homes, Smart Manufacturing, Smart Utilities, Smart Retail, Connected Health, Connected Logistics) - Forecast to 2035

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    Table of Contents

    US Connected IoT Devices Market Summary

    The United States Connected IoT Devices market is poised for substantial growth, expanding from 1.91 USD Billion in 2024 to 10.1 USD Billion by 2035.

    Key Market Trends & Highlights

    US Connected IoT Devices Key Trends and Highlights

    • The market is projected to grow at a compound annual growth rate of 16.37 percent from 2025 to 2035.
    • By 2035, the market value is expected to reach 10.1 USD Billion, indicating a strong upward trajectory.
    • In 2024, the market is valued at 1.91 USD Billion, highlighting its current significance in the technology landscape.
    • Growing adoption of smart home technologies due to increasing consumer demand for convenience is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.91 (USD Billion)
    2035 Market Size 10.1 (USD Billion)
    CAGR (2025-2035) 16.37%

    Major Players

    GE, Apple, Bosch, Cisco, IBM, Microsoft, Qualcomm, Intel, Samsung, Philips, AT and T, Google, Amazon, Honeywell, Siemens

    US Connected IoT Devices Market Trends

    The US Connected IoT Devices Market is experiencing significant growth driven by the increasing adoption of smart home technologies and industrial automation solutions. The rise in consumer demand for connected devices such as smart thermostats, security cameras, and appliances is a key market driver, as consumers seek convenience, energy efficiency, and enhanced security in their homes. Furthermore, the incorporation of IoT in sectors like healthcare and transportation is expanding. Smart healthcare devices help in remote patient monitoring and managing chronic diseases. Meanwhile, connected solutions in transportation are improving traffic management and safety.

    Amidst these developments, several opportunities are emerging in the market, particularly in the realm of cybersecurity for IoT devices. With the increasing number of connected devices, the need for robust security measures is paramount. Companies that offer innovative cybersecurity solutions tailored for IoT devices have a significant opportunity to capture market share as concerns about data breaches grow. Collaboration between stakeholders, including tech companies and government entities, can foster standardized security protocols to enhance consumer trust. In recent times, the move towards sustainability has also influenced the IoT landscape in the US.

    US Connected IoT Devices Market Drivers

    Market Segment Insights

    Get more detailed insights about US Connected IoT Devices Market Research Report -Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The US Connected IoT Devices Market is experiencing significant growth, driven by the increasing adoption of smart technologies and the demand for enhanced connectivity across various sectors. This market encompasses a wide range of devices and solutions that facilitate interconnectivity, data exchange, and automation within both consumer and industrial environments. The competitive landscape in this sector is characterized by a diverse array of players, each striving to capture market share by developing innovative products and leveraging advancements in cloud computing, analytics, and network capabilities.

    Companies are focused on investing in research and development to deliver cutting-edge solutions that cater to the evolving needs of consumers and businesses alike, creating a fiercely competitive atmosphere.GE has established a formidable presence within the US Connected IoT Devices Market, primarily focusing on industrial applications and solutions. The company's strengths lie in its extensive portfolio of connected devices that cater to sectors such as energy, manufacturing, and healthcare. GE's industrial IoT solutions leverage advanced analytics and machine learning to optimize operations, enhance efficiency, and improve decision-making processes for its clients.

    With a robust infrastructure and strong research capabilities, GE is well-positioned to capitalize on emerging opportunities in the market while fostering partnerships that enhance its product offerings. The company's vision of a connected industrial ecosystem enables it to deliver substantial value to its customers, helping them navigate the complexities of digital transformation.Apple has made significant inroads into the US Connected IoT Devices Market through its innovative ecosystem of connected products and services. The company's key offerings include smart home devices like the HomePod and various accessories that sync seamlessly with its range of products, enhancing user experience and connectivity.

    Apple's strengths are rooted in its established brand loyalty and the integration of its hardware, software, and services, which provide users with a cohesive ecosystem. Moreover, strategic mergers and acquisitions contribute to Apple's ability to expand its technological capabilities and market reach within the IoT landscape. The company continues to invest heavily in research and development, ensuring its products remain at the forefront of innovation while pursuing sustainability initiatives that resonate with the American consumer base.

    Apple's strong focus on user privacy and security further bolsters its competitive position in the US market, attracting consumers who value these attributes in connected devices.

    Key Companies in the US Connected IoT Devices Market market include

    Industry Developments

    The US Connected Internet of Things (IoT) Devices Market has witnessed significant activity recently, with notable mergers and acquisitions shaping the landscape. In June 2023, Microsoft completed its acquisition of Nuance Communications, enhancing its capabilities in AI and IoT solutions. Similarly, in July 2023, GE made headlines with its acquisition of a software company focused on IoT applications, aiming to strengthen its digital industrial transformation initiatives. Growth in this market is also reflected in the valuation increases of companies, with Qualcomm and Cisco reporting substantial revenue gains attributed to heightened demand for connected devices in smart homes and industries.

    The US market is evolving, with notable technological advancements from key players including Apple, Amazon, and IBM’s recent development of cloud-based IoT services. Over the past two to three years, the market has also experienced a surge in investment, with the US government increasingly supporting IoT innovation initiatives to boost economic growth and enhance infrastructure. This progress emphasizes the importance of collaboration among leading firms like Intel, Samsung, and Honeywell to drive advancements in the IoT ecosystem.

    Market Segmentation

    Outlook

    • Smart Homes
    • Smart Manufacturing
    • Smart Utilities
    • Smart Retail
    • Connected Health
    • Connected Logistics

    Connected IoT Devices Market Component Outlook

    • Solution
    • Service

    Connected IoT Devices Market Deployment Outlook

    • Private
    • Public

    Connected IoT Devices Market Application Outlook

    • Smart Homes
    • Smart Manufacturing
    • Smart Utilities
    • Smart Retail
    • Connected Health
    • Connected Logistics

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 1.73 (USD Billion)
    MARKET SIZE 2024 1.91 (USD Billion)
    MARKET SIZE 2035 10.12 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 16.346% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED GE, Apple, Bosch, Cisco, IBM, Microsoft, Qualcomm, Intel, Samsung, Philips, AT and T, Google, Amazon, Honeywell, Siemens
    SEGMENTS COVERED Component, Deployment, Application
    KEY MARKET OPPORTUNITIES Smart home automation solutions, Industrial IoT applications, Healthcare monitoring systems, Smart agriculture technologies, Connected vehicle innovations
    KEY MARKET DYNAMICS growing demand for smart devices, rapid technological advancements, increasing cybersecurity concerns, expansion of 5G networks, consumer data privacy regulations
    COUNTRIES COVERED US

    Market Highlights

    Author
    Garvit Vyas
    Analyst

    Explore the profile of Garvit Vyas, one of our esteemed authors at Market Research Future, and access their expert research contributions in the field of market research and industry analysis

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    FAQs

    What is the projected market size of the US Connected IoT Devices Market in 2024?

    The US Connected IoT Devices Market is expected to be valued at 1.91 USD billion in 2024.

    How much is the US Connected IoT Devices Market expected to grow by 2035?

    By 2035, the market is projected to reach a value of 10.12 USD billion.

    What is the expected compound annual growth rate (CAGR) for the US Connected IoT Devices Market from 2025 to 2035?

    The expected CAGR for the market from 2025 to 2035 is 16.346%.

    What are the key components contributing to the US Connected IoT Devices Market?

    The market is divided into solutions and services, with solutions expected to have significant revenue contributions.

    What is the market size for solutions in the US Connected IoT Devices Market in 2024?

    In 2024, the market for solutions is valued at 1.14 USD billion.

    What market value is projected for services in the US Connected IoT Devices Market in 2035?

    The market for services is expected to be valued at 4.07 USD billion by 2035.

    Who are the major players in the US Connected IoT Devices Market?

    Key players include GE, Apple, Cisco, IBM, Microsoft, and Amazon among others.

    What opportunities exist in the US Connected IoT Devices Market?

    Emerging trends in smart home technology and industrial IoT present substantial growth opportunities.

    How has technological advancement impacted the US Connected IoT Devices Market?

    Technological innovations have propelled market growth and increased adoption across various sectors.

    What is the expected market size growth specifically for solutions from 2024 to 2035?

    The solutions segment is projected to grow from 1.14 USD billion in 2024 to 6.05 USD billion in 2035.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. US Connected IoT Devices Market, BY Component (USD Billion)
    45. Solution
    46. Service
    47. US Connected IoT Devices Market, BY Deployment (USD Billion)
    48. Private
    49. Public
    50. US Connected IoT Devices Market, BY Application (USD Billion)
    51. Smart Homes
    52. Smart Manufacturing
    53. Smart Utilities
    54. Smart Retail
    55. Connected Health
    56. Connected Logistics
    57. Competitive Landscape
    58. Overview
    59. Competitive Analysis
    60. Market share Analysis
    61. Major Growth Strategy in the Connected IoT Devices Market
    62. Competitive Benchmarking
    63. Leading Players in Terms of Number of Developments in the Connected IoT Devices Market
    64. Key developments and growth strategies
    65. New Product Launch/Service Deployment
    66. Merger & Acquisitions
    67. Joint Ventures
    68. Major Players Financial Matrix
    69. Sales and Operating Income
    70. Major Players R&D Expenditure. 2023
    71. Company Profiles
    72. GE
    73. Financial Overview
    74. Products Offered
    75. Key Developments
    76. SWOT Analysis
    77. Key Strategies
    78. Apple
    79. Financial Overview
    80. Products Offered
    81. Key Developments
    82. SWOT Analysis
    83. Key Strategies
    84. Bosch
    85. Financial Overview
    86. Products Offered
    87. Key Developments
    88. SWOT Analysis
    89. Key Strategies
    90. Cisco
    91. Financial Overview
    92. Products Offered
    93. Key Developments
    94. SWOT Analysis
    95. Key Strategies
    96. IBM
    97. Financial Overview
    98. Products Offered
    99. Key Developments
    100. SWOT Analysis
    101. Key Strategies
    102. Microsoft
    103. Financial Overview
    104. Products Offered
    105. Key Developments
    106. SWOT Analysis
    107. Key Strategies
    108. Qualcomm
    109. Financial Overview
    110. Products Offered
    111. Key Developments
    112. SWOT Analysis
    113. Key Strategies
    114. Intel
    115. Financial Overview
    116. Products Offered
    117. Key Developments
    118. SWOT Analysis
    119. Key Strategies
    120. Samsung
    121. Financial Overview
    122. Products Offered
    123. Key Developments
    124. SWOT Analysis
    125. Key Strategies
    126. Philips
    127. Financial Overview
    128. Products Offered
    129. Key Developments
    130. SWOT Analysis
    131. Key Strategies
    132. AT and T
    133. Financial Overview
    134. Products Offered
    135. Key Developments
    136. SWOT Analysis
    137. Key Strategies
    138. Google
    139. Financial Overview
    140. Products Offered
    141. Key Developments
    142. SWOT Analysis
    143. Key Strategies
    144. Amazon
    145. Financial Overview
    146. Products Offered
    147. Key Developments
    148. SWOT Analysis
    149. Key Strategies
    150. Honeywell
    151. Financial Overview
    152. Products Offered
    153. Key Developments
    154. SWOT Analysis
    155. Key Strategies
    156. Siemens
    157. Financial Overview
    158. Products Offered
    159. Key Developments
    160. SWOT Analysis
    161. Key Strategies
    162. References
    163. Related Reports
    164. US Connected IoT Devices Market SIZE ESTIMATES & FORECAST, BY COMPONENT, 2019-2035 (USD Billions)
    165. US Connected IoT Devices Market SIZE ESTIMATES & FORECAST, BY DEPLOYMENT, 2019-2035 (USD Billions)
    166. US Connected IoT Devices Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    167. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    168. ACQUISITION/PARTNERSHIP
    169. MARKET SYNOPSIS
    170. US CONNECTED IOT DEVICES MARKET ANALYSIS BY COMPONENT
    171. US CONNECTED IOT DEVICES MARKET ANALYSIS BY DEPLOYMENT
    172. US CONNECTED IOT DEVICES MARKET ANALYSIS BY APPLICATION
    173. KEY BUYING CRITERIA OF CONNECTED IOT DEVICES MARKET
    174. RESEARCH PROCESS OF MRFR
    175. DRO ANALYSIS OF CONNECTED IOT DEVICES MARKET
    176. DRIVERS IMPACT ANALYSIS: CONNECTED IOT DEVICES MARKET
    177. RESTRAINTS IMPACT ANALYSIS: CONNECTED IOT DEVICES MARKET
    178. SUPPLY / VALUE CHAIN: CONNECTED IOT DEVICES MARKET
    179. CONNECTED IOT DEVICES MARKET, BY COMPONENT, 2025 (% SHARE)
    180. CONNECTED IOT DEVICES MARKET, BY COMPONENT, 2019 TO 2035 (USD Billions)
    181. CONNECTED IOT DEVICES MARKET, BY DEPLOYMENT, 2025 (% SHARE)
    182. CONNECTED IOT DEVICES MARKET, BY DEPLOYMENT, 2019 TO 2035 (USD Billions)
    183. CONNECTED IOT DEVICES MARKET, BY APPLICATION, 2025 (% SHARE)
    184. CONNECTED IOT DEVICES MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    185. BENCHMARKING OF MAJOR COMPETITORS

    US Connected IoT Devices Market Segmentation

     

     

     

    • Connected IoT Devices Market By Component (USD Billion, 2019-2035)

      • Solution
      • Service

     

    • Connected IoT Devices Market By Deployment (USD Billion, 2019-2035)

      • Private
      • Public

     

    • Connected IoT Devices Market By Application (USD Billion, 2019-2035)

      • Smart Homes
      • Smart Manufacturing
      • Smart Utilities
      • Smart Retail
      • Connected Health
      • Connected Logistics

     

     

     

     

     

     

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