Insights on the US IoT Market to 2025 | Industry Statistics, Emerging Demands, Forecast to 2025

The US IoT market is expected to witness a significant growth with the CAGR of approximately 21.3% during the forecast period. The country has a huge potential for the growth of the IoT market. United States is the largest economy in the World. The well-established economy of the country laid the ground for growth of the IoT market. Rising internet penetration, large adoption of high network technologies and smart phones are some major factors that have been driving the market growth. Moreover, deployment of IoT solutions has been a part of government infrastructure which has accelerated its growth in the country.

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The US IoT market is segmented on the basis of infrastructure, vertical, and application. Based on the infrastructure, the market is segmented into platform, mobile networks and access technologies, cloud solutions/storage and processing, analytics, and security. Based on the vertical, the market is segmented into healthcare, energy, public & services, transportation, retail, individuals, and others (manufacturing). Healthcare segment includes health, pharmaceuticals segment, and biotechnology. Public & Services includes government, BFSI, others (hospitality and entertainment).transportation segment include aerospace, automotive, rails and systems, and marine. Further, based on the application, the market is segmented into smart home, smart wearable, smart cities, smart grid, IoT industrial internet, IoT connected cars, IoT connected healthcare, and others (toys and drones).

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The US IoT Market Segmentation

By Infrastructure

· Platform

· Mobile Networks and Access Technologies

· Cloud Solutions/Storage and Processing

· Analytics

· Security

By Vertical

· Healthcare

· Health

· Pharmaceuticals Segment

· Biotechnology

· Energy

· Public & Services

· Government

· BFSI

· Others (Hospitality and Entertainment)

Transportation

· Aerospace

· Automotive

· Rails And Systems

· Marine

Retail

· Individuals

· Others (Manufacturing)

By Application

· Smart Home

· Smart Wearables

· Smart Cities

· Smart Grid

· IoT Industrial Internet

· IoT Connected Cars

· IoT Connected Healthcare

· Others (Toys and Drones)

Company Profiles

· AdhereTech

· B+B Smartworx Inc.

· Aeris

· Amazon Web Services

· Ansys

· Apple Inc.

· Aria Systems Inc.

· Armis, Inc.

· Arrayent, Inc

· AT&T Inc.

· B&R Industrial Automation Corp.

· Cisco Systems Inc.

· Dell EMC

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