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    US Internet of Everything Market

    ID: MRFR/ICT/12827-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Internet of Everything Market Research Report: By Component (Hardware, Software/Platform, Connectivity, Services) and By End User Industry (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Government, BFSI, Others) - Forecast to 2035

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    US Internet of Everything Market Infographic
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    US Internet of Everything Market Summary

    The United States Internet of Everything market is projected to experience exponential growth from 121 USD Billion in 2024 to 2179.5 USD Billion by 2035.

    Key Market Trends & Highlights

    US Internet of Everything Key Trends and Highlights

    • The market is expected to grow from 121 USD Billion in 2024 to 2179.5 USD Billion by 2035.
    • A compound annual growth rate (CAGR) of 30.06 percent is anticipated from 2025 to 2035.
    • The rapid expansion of connected devices is likely to drive market growth significantly.
    • Growing adoption of advanced analytics due to increased data generation is a major market driver.

    Market Size & Forecast

    2024 Market Size 121 (USD Billion)
    2035 Market Size 2179.5 (USD Billion)
    CAGR (2025-2035) 30.06%

    Major Players

    SAP, Hewlett Packard Enterprise, Oracle, Rockwell Automation, Fractal Analytics, Samsung Electronics, IBM, Amazon Web Services, Microsoft, Qualcomm, Intel, General Electric, Cisco Systems, Honeywell, Siemens

    US Internet of Everything Market Trends

    The US Internet of Everything market has been experiencing significant growth, driven by a multitude of factors. One of the primary market drivers is the increasing demand for automation across various sectors such as manufacturing, healthcare, and smart cities. This push for efficiency and productivity is motivating businesses to adopt IoT technologies that enable real-time data processing and connectivity. Moreover, the rise in consumer awareness regarding intelligent devices has led to greater adoption of connected home products, further fueling market expansion. Amidst these developments, opportunities for innovation remain vast.

    Companies are exploring avenues to leverage artificial intelligence and machine learning in IoT applications, enhancing capabilities for predictive maintenance and personalized services. As industries like transportation and logistics become increasingly connected, the potential for improved fleet management and supply chain efficiency presents lucrative prospects. In recent times, the trend towards sustainability has also gained momentum, with IoT devices facilitating energy management and resource allocation to reduce waste. Government initiatives aimed at digital transformation, such as the Smart Cities initiative, are encouraging collaboration between public and private sectors to develop interconnected urban solutions that improve quality of life and efficiency.

    The emergence of 5G technology is another significant trend, offering higher bandwidth and lower latency for IoT applications, which will enhance connectivity and performance across sectors.Collectively, these factors are shaping a dynamic landscape in the US Internet of Everything market, focused on connectivity and innovation for a smarter future.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Market Segment Insights

    Internet of Everything Market Component Insights

    The Component segment of the US Internet of Everything Market plays a crucial role in driving innovation and connectivity across various applications and industries. This segment encompasses vital elements such as Hardware, Software/Platform, Connectivity, and Services which work together to enhance the functionality and efficiency of IoT ecosystems. Evidence suggests that Hardware is fundamental in establishing the physical devices that enable connectivity, as it forms the backbone of IoT applications ranging from consumer devices to industrial equipment. This hardware component includes sensors, actuators, and devices which are increasingly being adopted in sectors like healthcare, manufacturing, and smart cities.

    The Software/Platform aspect within this segment supports the operational efficiency of IoT solutions, providing necessary tools for data analytics, device management, and application development. With a focus on automation and predictive analysis, Software/Platform significantly contributes to optimizing processes, thus improving decision-making and facilitating real-time data usage to enhance user experience. In the evolving landscape of the US technology market, organizations are embracing cloud-based solutions that facilitate the seamless integration and management of various IoT devices, thereby driving software market expansion. Connectivity is increasingly becoming a focal point within the Component segment, ensuring uninterrupted communication between devices.

    Given the complexity and scale of IoT networks, robust connectivity options such as cellular, satellite, and wireless communications are essential for enabling real-time data transfer and device interoperability. The expanding adoption of 5G technology further enhances this connectivity, allowing for more devices to be interconnected with reduced latency and greater bandwidth, thus paving the way for more advanced IoT applications across industries. Lastly, Services include a range of important offerings such as maintenance, support, and security solutions essential for sustaining and protecting IoT environments.

    With the rising concerns around data privacy and cybersecurity, the demand for comprehensive service solutions is amplified, thus ensuring that IoT systems are not only operational but also secure against cyber threats. The importance of effective Services cannot be overstated, as they play a crucial role in instilling confidence in IoT technology among businesses and consumers alike. The intersection of these components drives meaningful advancements in the US Internet of Everything Market, shaping a dynamic landscape that fosters innovation and enhances communication across sectors.

    Overall, the Component segment is pivotal in the broader context of market growth, with each aspect contributing uniquely to the development and sustainability of the Internet of Everything ecosystem. As the US continues to embrace digital transformation, the focus on these components will intensify, further solidifying their importance in driving the economy forward through enhanced connectivity and efficiency.

    Internet of Everything Market End User Industry Insights

    The US Internet of Everything Market within the End User Industry showcases a dynamic landscape marked by transformative potential across various sectors. Manufacturing plays a crucial role, leveraging IoT technologies to streamline operations, enhance productivity, and minimize downtime. Transportation is also significant, using connected devices for real-time traffic management and fleet tracking, contributing to improved logistical efficiencies. The healthcare sector increasingly adopts IoT solutions for remote patient monitoring and managing healthcare resources, thus elevating the quality of care and operational efficiency.

    Retail harnesses these technologies for enhanced customer experiences through personalized shopping and inventory management, while Energy and Utilities focus on smart grid implementations and resource management, driving sustainability initiatives. Additionally, the Residential space is witnessing rapid growth through the adoption of smart home devices that improve living standards and convenience. Government agencies are using IoT for smarter urban planning and public safety measures.

    The BFSI sector is transforming customer interactions and risk management through data analytics and secure transactions powered by IoT infrastructure.Each of these sectors plays a pivotal role in exemplifying how interconnected devices can drive efficiency, safety, and enhanced user experiences. As the landscape continues to evolve, opportunities emerge from innovation and strategic investments, driving the growth of the US Internet of Everything Market and its diverse applications.

    Get more detailed insights about US Internet of Everything Market Research Report - Forecast till 2035

    Key Players and Competitive Insights

    The US Internet of Everything Market is characterized by rapid technological advancements and a dynamic competitive landscape, where companies aim to capitalize on the convergence of big data, artificial intelligence, and connected devices. As industries undergo digital transformation, organizations are increasingly seeking innovative solutions that can enhance operational efficiencies, facilitate real-time insights, and drive value creation. Companies operating in this market are tasked with not only developing advanced IoT solutions but also ensuring interoperability across various platforms, addressing security challenges, and adhering to evolving regulatory standards.

    The competition is intensifying as players leverage partnerships, mergers, and acquisitions to build comprehensive IoT ecosystems and expand their market reach.SAP has established a strong presence in the US Internet of Everything Market, excelling in providing enterprise software solutions that enhance business processes across various sectors. The company’s strengths lie in its ability to integrate IoT capabilities within its existing platforms, allowing clients to harness real-time data for better decision-making. SAP’s robust cloud infrastructure and emphasis on security and scalability have positioned it favorably among enterprises looking for reliable IoT solutions.

    Additionally, the company has invested heavily in research and development, continuously innovating to meet the unique needs of its customers in the US. This commitment to fostering strategic partnerships has further amplified SAP’s competitive advantage, enabling it to maintain a significant share in the evolving IoT landscape. Hewlett Packard Enterprise is equally prominent in the US Internet of Everything Market, providing comprehensive solutions that encompass edge computing, networking hardware, and analytics tailored for IoT applications.

    The company's strengths are evident in its ability to deliver end-to-end solutions that are both flexible and secure, catering to various industries looking to capitalize on connected technology. Hewlett Packard Enterprise's strong market presence is bolstered by its innovative products and services, including IoT platform solutions that facilitate seamless data integration and management. The company's strategic mergers and acquisitions have further enhanced its capabilities and expanded its portfolio, ensuring its competitiveness in a rapidly evolving environment.

    Focused on meeting the demands of US enterprises, Hewlett Packard Enterprise continues to adapt and innovate, striving to provide solutions that empower organizations to thrive in the complex landscape of the Internet of Everything.

    Key Companies in the US Internet of Everything Market market include

    Industry Developments

    The US Internet of Everything Market is witnessing significant developments, particularly with key players such as SAP, Hewlett Packard Enterprise, and Oracle leading various initiatives. In September 2023, Honeywell announced an expansion of its IoT capabilities, enhancing its software offerings for industrial applications, which aligns with ongoing demand for smart manufacturing solutions. Recent partnerships have emerged, notably between Microsoft and Qualcomm to improve IoT connectivity, reflecting a growing trend toward collaboration in the sector. Additionally, in August 2022, Cisco Systems completed its acquisition of Acacia Communications, enhancing its optical technologies for better connectivity in IoT deployments.

    Market demand continues to grow, with valuations from firms like IBM and Amazon Web Services showing an increasing focus on cloud integration for IoT solutions. Major happenings over the last two years include initiatives from General Electric to advance its digital industrial strategy and Rockwell Automation's push towards AI integration in manufacturing processes. The evolution of regulations around data security and privacy also significantly impacts the adoption of IoT technologies in the US, shaping the landscape of industrial and consumer applications.

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 83.42(USD Billion)
    MARKET SIZE 2024 121.0(USD Billion)
    MARKET SIZE 2035 2179.5(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 30.06% (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 SAP, Hewlett Packard Enterprise, Oracle, Rockwell Automation, Fractal Analytics, Samsung Electronics, IBM, Amazon Web Services, Microsoft, Qualcomm, Intel, General Electric, Cisco Systems, Honeywell, Siemens
    SEGMENTS COVERED Component, End User Industry
    KEY MARKET OPPORTUNITIES Smart home automation solutions, Industrial IoT for efficiency, Wearable health monitoring devices, Connected vehicle technologies, Supply chain optimization through IoT
    KEY MARKET DYNAMICS Connectivity advancements, Consumer demand shifts, Data security concerns, Regulatory impacts, Emerging technologies integration
    COUNTRIES COVERED US

    FAQs

    What is the projected market size of the US Internet of Everything Market in 2024?

    The US Internet of Everything Market is expected to be valued at 121.0 billion USD in 2024.

    What is the estimated market size of the US Internet of Everything Market by 2035?

    By 2035, the market is anticipated to reach a valuation of 2179.5 billion USD.

    What is the expected compound annual growth rate (CAGR) for the US Internet of Everything Market from 2025 to 2035?

    The expected CAGR for this market from 2025 to 2035 is 30.06%.

    What are the key components driving the US Internet of Everything Market?

    The market is driven by components such as hardware, software/platform, connectivity, and services.

    What is the projected value of the hardware segment in the US Internet of Everything Market in 2024?

    The hardware segment is projected to be valued at 30.0 billion USD in 2024.

    How much is the software/platform segment expected to be worth in 2035?

    In 2035, the software/platform segment is expected to be valued at 810.0 billion USD.

    Who are the major players in the US Internet of Everything Market?

    Major players in the market include SAP, Hewlett Packard Enterprise, Oracle, and IBM among others.

    What will be the estimated value of the connectivity segment in 2035?

    The connectivity segment is expected to reach a valuation of 350.0 billion USD by 2035.

    What is the projected market value for the services segment in 2024?

    The services segment is expected to be valued at 26.0 billion USD in 2024.

    What growth opportunities exist within the US Internet of Everything Market from 2025 to 2035?

    The market presents growth opportunities through innovation in technology and increased connectivity solutions.

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