The US Connected IoT Devices Market Size was estimated at 1.73 (USD Billion) in 2023. The US Connected IoT Devices Market Industry is expected to grow from 1.91 (USD Billion) in 2024 to 10.12 (USD Billion) by 2035. The US Connected IoT Devices Market CAGR (growth rate) is expected to be around 16.346% during the forecast period (2025 - 2035).
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.
Many consumers and businesses are now prioritizing energy-efficient and eco-friendly devices, leading to the development of smart energy management systems. The integration of IoT with renewable energy sources is also gaining traction, positioning the market for further growth. Additionally, legislative support for IoT infrastructure development and standardization is paving the way for wider acceptance and integration, reinforcing its role in various industries across the US.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The increasing prevalence of smart home devices in the US significantly drives the growth of the US Connected IoT Devices Market Industry. According to the United States Census Bureau, about 25% of households in the US had smart home devices as of 2022, showcasing a notable rise from 18% in 2019. Major companies like Amazon and Google have contributed to this surge by launching user-friendly smart devices integrated with voice control and automation features.These firms have made significant investments in Research and Development (R&D) for developing technologies that enhance interconnectedness and ease of use for consumers. The push towards energy efficiency and convenience in daily living has further accelerated this trend, contributing positively to market growth. As consumers increasingly seek ways to enhance their living experiences, the demand for connected IoT devices, including smart thermostats, security cameras, and lighting systems, continues to rise.
Government initiatives promoting digital transformation in the US drive the growth of the US Connected IoT Devices Market Industry. The US government has allocated substantial funding towards the development of smart city projects, aiming to enhance urban living standards through connected technologies. For instance, the Smart Cities Initiative, initiated by the Department of Transportation, aims to foster innovation by offering grants for projects that utilize IoT technologies.The establishment of the National Institute of Standards and Technology (NIST) fosters standardization in cybersecurity for IoT devices, ensuring consumer trust in interconnected systems. Such initiatives not only pave the way for cutting-edge innovations but also stimulate private sector investment and collaboration, resulting in a more robust and competitive market landscape.
The growing need for industrial automation and efficiency within the manufacturing sector is a major driver for the US Connected IoT Devices Market Industry. A report published by the US Department of Commerce has indicated that manufacturing productivity has risen by over 30% over the last two decades, largely attributed to the adoption of IoT-enabled automation systems. Major corporations such as General Electric and Siemens are heavily investing in IoT technologies that help streamline operations, reduce costs, and improve product quality.As industries strive for performance improvement and operational efficiencies through connected technologies, the reliance on IoT devices for real-time monitoring and data analysis becomes crucial, reinforcing their significance in the market.
The progression of connectivity technologies such as 5G significantly bolsters the growth of the US Connected IoT Devices Market Industry. With the Federal Communications Commission (FCC) estimating that by 2025, approximately 90% of the US population will have access to 5G networks, this enhanced connectivity will lead to increased deployment of IoT devices. Companies like Verizon and AT&T are spearheading the rollout of 5G infrastructure across urban and rural areas, providing the necessary bandwidth and reduced latency for real-time data transmission.This technology enables a wide array of applications such as remote health monitoring, smart grids, and autonomous vehicles, further driving the demand for interconnected devices in the US market.
The US Connected IoT Devices Market is witnessing substantial growth, particularly in the Component segment, which encompasses vital aspects such as Solution and Service. The Component segment plays a crucial role in the market's overall development, acting as the backbone for the seamless integration and functionality of connected IoT devices. As transformation continues across various sectors, the demand for robust solutions that cater to specific requirements is increasing significantly. Solutions pertaining to software and hardware enhancements remain indispensable, as they allow for improved data management, device interoperability, and security features, which are essential in today’s digital landscape. Similarly, the Service aspect of this Component segment is becoming ever more significant, providing ongoing support including maintenance, updates, and customer assistance, which enhance user experiences and ensure long-term viability of IoT implementations. The adoption of cloud-based services is particularly noteworthy, as businesses in the US are increasingly leaning towards such models to enable scalability and flexibility. Additionally, with the rapid technological advancements, both segments are evolving to incorporate artificial intelligence and machine learning, which are pivotal for automating processes and generating actionable insights from vast amounts of IoT data. The significance of these Components cannot be overstated, as they lay the groundwork for more advanced IoT ecosystems and contribute vastly to the overall efficiency and effectiveness of connected devices. As the US government and industry organizations invest heavily in smart infrastructure initiatives, the development of both Solutions and Services within the Component segment is likely to spur further adoption across varied sectors including healthcare, smart cities, and manufacturing. Furthermore, as privacy and security challenges continue to grow, the demand for enhanced service offerings, including cybersecurity solutions, is anticipated to become a key focus area. Overall, the Component segment of the US Connected IoT Devices Market is positioned to thrive, driven by technological advancements and an increasing need for connectedness across industries, thus supporting the progressive expansion of IoT applications in the nation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Deployment segment of the US Connected IoT Devices Market is a critical component driving innovation and efficiency across various industries. This segment is primarily split into Private and Public deployments, each catering to distinct needs and use cases. Private deployments are particularly significant for businesses looking to enhance operational efficiencies through customized solutions, allowing for controlled environments and improved security. Organizations in sectors like manufacturing and healthcare are increasingly adopting private deployment strategies to ensure reliability and data privacy.On the other hand, Public deployments are paving the way for smart city initiatives, enabling the integration of IoT devices in urban infrastructure to improve services like traffic management and public safety. The growth within this segment is fueled by advances in technology, increasing demand for interconnected devices, and the necessity for real-time data analysis. Each aspect of the Deployment segment is vital for the broader evolution of the IoT ecosystem, as it supports enhanced connectivity, scalability, and adaptability across various operational landscapes in the US.Overall, the interplay between private and public deployments is shaping the trajectory of the US Connected IoT Devices Market, as more stakeholders recognize the value of integrated IoT solutions.
The Application segment of the US Connected IoT Devices Market is rapidly evolving, reflecting the diverse needs of consumers and businesses alike. Key areas such as Smart Homes focus on enhancing living experiences through automation and energy efficiency, fostering a growing demand for interconnected devices. In Smart Manufacturing, the integration of IoT technologies improves operational efficiency and predictive maintenance, positioning this segment as a pillar of the industry amidst the shifting landscape towards Industry 4.0. Smart Utilities leverage connected devices to optimize resource management and enhance service reliability, playing a crucial role in addressing sustainability goals.Meanwhile, Smart Retail transforms customer experiences through targeted marketing and inventory management, becoming significant in today’s competitive retail environment. Connected Health is set to enhance patient care through remote monitoring and health data management, driven by an aging population and greater emphasis on personalized healthcare. Lastly, Connected Logistics streamlines supply chain operations, optimizing routes and increasing reliability, highlighting the importance of efficiency in today's fast-paced market. This segment's growth reflects technological advancements and consumer demand for real-time data and control, driving significant changes in various sectors across the United States.
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.
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.
| 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 |
Frequently Asked Questions (FAQ) :
The US Connected IoT Devices Market is expected to be valued at 1.91 USD billion in 2024.
By 2035, the market is projected to reach a value of 10.12 USD billion.
The expected CAGR for the market from 2025 to 2035 is 16.346%.
The market is divided into solutions and services, with solutions expected to have significant revenue contributions.
In 2024, the market for solutions is valued at 1.14 USD billion.
The market for services is expected to be valued at 4.07 USD billion by 2035.
Key players include GE, Apple, Cisco, IBM, Microsoft, and Amazon among others.
Emerging trends in smart home technology and industrial IoT present substantial growth opportunities.
Technological innovations have propelled market growth and increased adoption across various sectors.
The solutions segment is projected to grow from 1.14 USD billion in 2024 to 6.05 USD billion in 2035.
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