North America Iot Market

(MENAFN- GlobeNewsWire - Nasdaq) The North America IoT Market offers opportunities in enterprise digitization and 5G integration, with growth in cloud and edge IoT solutions. Key sectors include Manufacturing, Automotive, and Healthcare. Software and 5G lead technology trends, while Mexico emerges as a fast-growing market within the region.

Dublin, June 09, 2026 (GLOBE NEWSWIRE) -- The "North America IoT Market" has been added to ResearchAndMarkets's offering.

The North America IoT Market is a robust and dynamic regional ecosystem, propelled by extensive enterprise digitization, progressive 5G infrastructure rollout, and the growing integration of cloud-connected and edge-enabled IoT frameworks across industrial, commercial, and public sectors. In 2024, the market stands at USD 167.5 billion, with projections anticipating it to reach USD 387 billion by 2031. This growth is fueled by increased software platform uptake, expanded IoT application in Manufacturing & Automotive, and intensified IoT usage across sectors such as IT & Telecommunications, Healthcare, and Energy & Utilities. The market is expected to grow at a CAGR of ~13.03%, as regional enterprises bolster their investments in scalable, intelligent IoT solutions to enhance operational efficiency and accommodate the evolving complexity of connected device ecosystems.

Key Drivers:

• 5G/Cellular Connectivity: The segment is experiencing rapid growth at an 18.06% CAGR, vital for facilitating high-speed, low-latency IoT connectivity. Its share is anticipated to increase from 22.99% in 2024 to 31.14% by 2031.
• Software Component Growth: Growing at a 16.63% CAGR, software reflects the shift towards intelligent IoT platforms and application-driven solutions, with its share expected to rise from 28.00% in 2024 to 34.99% by 2031.
• Healthcare Sector Demand: Healthcare leads as the fastest-growing segment at a 17.23% CAGR, thanks to the rising use of connected medical devices and remote patient monitoring infrastructures.
• Manufacturing & Automotive: Holding the largest share at 27.46% in 2024, this sector is projected to expand to 30.67% by 2031, underscoring significant IoT integration in smart factory automation and connected vehicles.

Challenges:

• On-Premise Deployment: Declining preference, dropping from a 22.99% share in 2024 to 18.50% by 2031, as Cloud and Edge Computing gain traction.
• Media & Entertainment: The slowest-growing segment at a 7.54% CAGR, with its share declining from 4.18% in 2024 to 3.00% by 2031.
• Wi-Fi Technology Share: Expected decline from 30.99% in 2024 to 27.31% by 2031 as 5G/Cellular becomes more dominant.
• USA's Regional Share Decline: Predicted to fall from 76.12% in 2024 to 73.85% by 2031 due to Mexico's and Canada's faster growth rates.

Report Highlights:

• The market is projected to nearly double from USD 167.5 billion in 2024 to USD 387 billion by 2031 at a ~13.03% CAGR.
• Services lead the components with a 38.99% share in 2024, while software grows the fastest at a ~16.63% CAGR.
• Cloud deployments dominate at a 52.00% share in 2024, set to expand to 58.01% by 2031, reflecting a shift towards cloud and edge strategies.
• Manufacturing & Automotive continue to be the largest end users, expanding from a 27.46% share to 30.67% by 2031.
• The USA remains the largest country contributor, while Mexico emerges as the fastest-growing region in the North American IoT market.

Key Topics Covered:
1. Introduction
1.1. Key Take Aways
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Drivers
4.3. Restraints & Challenges
4.4. Market Opportunities
4.5. Technology & Innovation Analysis
5. North America IoT Market By Component
5.1. Hardware
5.2. Software
5.3. Services
6. North America IoT Market By Deployment
6.1. Cloud
6.2. On-Premise
6.3. Edge Computing
7. North America IoT Market By Technology
7.1. Wi-Fi
7.2. 5G / Cellular
7.3. Bluetooth
7.4. RFID
7.5. Others
8. North America IoT Market By End User
8.1. IT & Telecommunications
8.2. BFSI (Banking, Financial Services & Insurance)
8.3. Government & Public Sector
8.4. Healthcare
8.5. Retail & E-Commerce
8.6. Manufacturing & Automotive
8.7. Energy & Utilities
8.8. Media & Entertainment
8.9. Other Industries
9. North America IoT Market By Country
9.1. Key Points
9.2. USA
9.3. Canada
9.4. Mexico
9.5. Others
10. Competitive Landscape
10.1. Introduction
10.2. Recent Developments
10.2.1. Mergers & Acquisitions
10.2.2. New Product Developments
10.2.3. Portfolio / Production Capacity Expansions
10.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
11. Company Profiles
11.1. Cisco Systems
11.1.1. Company Overview
11.1.2. Product/Service Landscape
11.1.3. Financial Overview
11.1.4. Recent Developments
11.2. Microsoft Corporation
11.2.1. Company Overview
11.2.2. Product/Service Landscape
11.2.3. Financial Overview
11.2.4. Recent Developments
11.3. Amazon Web Services (AWS)
11.3.1. Company Overview
11.3.2. Product/Service Landscape
11.3.3. Financial Overview
11.3.4. Recent Developments
11.4. Intel Corporation
11.4.1. Company Overview
11.4.2. Product/Service Landscape
11.4.3. Financial Overview
11.4.4. Recent Developments
12. Technology and Innovation Trends
12.1. AI and Machine Learning in IoT Analytics & Automation
12.2. Edge Computing and Fog Architecture Evolution
12.3. 5G-Enabled IoT Connectivity and Network Slicing
12.4. Digital Twin Technology and Industrial IoT Integration
12.5. IoT Security Frameworks and Zero Trust Architecture
13. Regulatory and Standards Framework
13.1. GDPR and IoT Data Protection Compliance Requirements
13.2. NIST IoT Cybersecurity Framework and Standards
13.3. ISO/IEC 27001 and IoT Information Security Management
13.4. Sector-Specific Compliance (HIPAA, IEC 62443, PCI-DSS)
13.5. National IoT Policies and Regulatory Mandates
14. Macro-Economic Factors
14.1. North America IoT Investment and Enterprise Digital Spending
14.2. Geopolitical Tensions and Supply Chain Disruptions
14.3. Digital Transformation and Cloud Migration Trends
14.4. IoT Talent Shortage and Managed Service Adoption
14.5. Economic Conditions and IT Budget Prioritization
15. Market Opportunities and Future Outlook
15.1. SME Adoption of IoT-as-a-Service Models
15.2. Healthcare and Critical Infrastructure IoT Expansion
15.3. Smart City and Industrial IoT Growth Opportunities
15.4. Emerging Country Markets and Regional IoT Adoption
15.5. Strategic Recommendations for Market Participants
16. Challenges and Risk Analysis
16.1. IoT Device Security and Vulnerability Management
16.2. Integration Complexity with Legacy Infrastructure
16.3. Intense Competition and Pricing Pressure Among Providers
16.4. Data Privacy and Sovereignty Concerns
16.5. Regulatory Divergence Across Regional Markets
17. Conclusion and Strategic Insights
17.1. Key Market Takeaways
17.2. Growth Trajectory Overview
17.3. Investment Attractiveness Assessment
17.4. Long-Term Market Outlook
18. Appendix
18.1. Glossary of Terms
18.2. Abbreviations
18.3. Additional Data Tables
Companies Featured

• Cisco Systems
• Microsoft Corporation
• Amazon Web Services (AWS)
• Intel Corporation

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