PUBLISHER: Grand View Research | PRODUCT CODE: 1869983
PUBLISHER: Grand View Research | PRODUCT CODE: 1869983
The North America IoT devices market size is estimated at USD 24.51 billion in 2024 and is expected to grow at a CAGR of 13.5% from 2025 to 2030. The widespread penetration of smart home devices such as smart speakers, security systems, thermostats, and connected lighting in the region is driving the market growth. Additionally, rising adoption of IoT-enabled energy-saving solutions like smart meters and appliances is helping consumers reduce utility bills and environmental impact. In healthcare, IoT-driven innovations, including wearables and remote monitoring devices, are improving patient care and operational efficiency.
Government initiatives in both the U.S. and Canada are pushing for smart urban management by integrating IoT into public infrastructure, which is expected to present lucrative opportunities for the North America IoT devices industry in the coming years.
Industrial sectors in North America are leveraging IoT devices to enable real-time data collection and advanced analytics, optimizing operations, enhancing productivity, and lowering operational costs. The rise of smart cities across the U.S. and Canada drives investment in IoT technologies for traffic management, energy distribution, and environmental monitoring to enhance urban living standards and administration efficiency. These factors are expected to drive the North America IoT devices industry expansion in the coming years.
In addition,technological advancements such 5G networks, edge computing, and AI integration are revolutionizing the North American IoT devices industry. 5G technologies facilitate faster, low-latency device communication, imperative for real-time industrial and consumer applications. Edge computing enables efficient on-site data processing, while AI and machine learning empower predictive analytics and automated decision-making, driving wider IoT deployment and innovation across industries in the region.
Furthermore, Industrial IoT (IIoT) expansion is a major regional trend, especially in the manufacturing hub of North America. Factories are adopting IoT-driven automation for optimized production, resource efficiency, and predictive maintenance, transitioning into smart, data-driven facilities. Additionally, the automotive industry is embracing IoT for connected vehicles, including real-time monitoring, electric vehicle infrastructure integration, and innovative payment solutions, thereby driving the North America IoT devices industry
Moreover, sustainability and energy efficiency efforts in North America are intensifying IoT device adoption, particularly sensor-based solutions for comprehensive energy management in homes, businesses, and public infrastructure. These technologies support cost reduction and help meet government and corporate goals for environmental responsibility, highlighting their strategic role in regional resource optimization and carbon footprint reduction initiatives.
North America IoT Devices Market Report Segmentation
This report forecasts revenue growth at the regional level and provides an analysis of the latest technology trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the North America IoT devices market report based on component, end use, connectivity, and region: