Internet of Things in the U.S. - statistics & facts

IoT in the United States

The North American market is one of the largest in the world, and U.S. based companies such as Google, Cisco, and IBM are some of the leading names in the field. By 2025, an estimated 5.4 billion IoT connections are forecast for North America alone. The ability of the North American IoT market to double in value over the course of just a few years comes down to the wide range of applications and industries that can benefit from this increased connectivity of devices. Since the first IoT device, a "smart" vending machine on the Carnegie Mellon University campus, the phenomenon has spread in scope from basic smart devices to smart homes, smart buildings, and even smart cities.

Growth of IoT segments

As the revenue figures grow, so do the number of individual IoT compatible devices. Smartphones, fitness trackers, portable wireless speakers, and internet-enabled TVs are some of the most popular consumer smart devices, with each accumulating tens of millions of shipments each year. In the past few years, smart homes have grown in popularity as smart speakers such as the Amazon Alexa and Google Assistant have proved themselves valuable additions to American households.

Popularity of IoT technology

The popularity of IoT devices isn’t limited to just households; businesses across the United States are also taking advantage of IoT-based technologies to streamline processes and increase efficiency. Around 29 percent of North American and European organizations currently use IoT technology within their business operations, and another 10 percent plan to integrate IoT technology within the next year.

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