North American IoT market is expected to witness a significant growth with the CAGR of approximately 21.4% during the forecast period. North America is estimated to be the dominating region in the IoT market owing to its well-developed information communication technology (ICT) infrastructure and the larger number of connected devices adoptions. The economic strength and well-established technology infrastructure of the North America provides a solid platform for the growth of the IoT market. Increasing number of connected devices along with increasing internet penetration rate in the region is estimated to be one of the major factors that are driving the growth of the IoT market.
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North American 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 infrastructure, 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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Some of the major players operating in the North American IoT market include Apple Inc., AT&T Inc., BlackBerry, Dell Inc., and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in North American market.
Market Segmentation
North American IoT Market by Infrastructure
- Platform
- Mobile Networks And Access Technologies
- Cloud Solutions/Storage And Processing
- Analytics
- Security
North American IoT Market 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)
North American IoT Market By Application
- Smart Home
- Smart Wearable
- Smart Cities
- Smart Grid
- IoT Industrial Internet
- IoT Connected Cars
- IoT Connected Healthcare
- Others(Toys And Drones)
Regional Analysis
- North America
- United States
- Canada
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.
- BlackBerry
- Cisco Systems Inc.
- Dell Inc.
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