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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Some of the major players operating in the US IoT market include Amazon Web Services, Apple Inc., Dell EMC, and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in the US market.
Market Segmentation
The US IoT Market by Infrastructure
- Platform
- Mobile Networks And Access Technologies
- Cloud Solutions/Storage And Processing
- Analytics
- Security
The US 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)
The US IoT Market 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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
