Market Forecast by Countries (United States, Canada), By Offering (Hardware, Software, Services), By Connectivity (Wired, Wireless), By End User (Home Automation, Consumer Electronics, Automotive, Healthcare, Others) And Competitive Landscape
Product Code: ETC4621991 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Consumer IoT Market |
Forecast Period | 2025-2031 |
Market Size | USD 252.46 billion by 2031 |
CAGR | 14% |
Growing Sector | Healthcare |
North America Consumer IoT Market report thoroughly covers the market by countries, offering, connectivity and end user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America consumer IoT market has been experiencing rapid growth in recent years. The increasing adoption of connected devices and the growing trend of smart home technology have been major drivers for this market.
According to 6Wresearch, North America Consumer IoT Marketsize is expected to grow at a significant CAGR of 14% during 2025-2031. One of the key driving factors for the consumer IoT market in North America is the high internet penetration rate in this region. With more than 90% of households having access to the internet, consumers are becoming increasingly comfortable with the idea of connected devices and the convenience they offer. Additionally, the increasing use of smartphones and the availability of high-speed internet have further accelerated the adoption of IoT devices in North America.
However, along with growth opportunities, there are also challenges that come with the growing consumer IoT market in North America. One major challenge is ensuring data privacy and security for consumers. With more devices connected to the internet, there is a higher risk of cyber attacks and data breaches. This has led to concerns among consumers about their personal information being compromised.
The North America Consumer IoT market has seen significant growth in recent years, with the increasing adoption of connected devices in households. The key players driving this growth include major technology companies such as Amazon, Google, and Apple, who have introduced popular smart home devices like Amazon Echo, Google Home, and Apple HomePod.
Government initiatives have also played a crucial role in promoting the adoption of IoT in North America. The US government has launched various initiatives to accelerate the growth of IoT, including the National Internet of Things Strategic Plan and the Smart Cities Initiative. These initiatives aim to build a more connected and technologically advanced society by addressing challenges like energy efficiency, transportation, and healthcare through the use of IoT solutions.
The future of consumer IoT in North America looks positive with the ongoing development and advancements in technologies such as 5G networks, artificial intelligence, and edge computing. These advancements will enable faster data transmission, improved connectivity, and enhanced capabilities for consumer devices, further driving their popularity and adoption.Moreover, as consumers become more comfortable with the idea of connected devices and smart homes, we can expect to see an even greater demand for IoT products in the coming years. This will also lead to the integration of various connected devices and services, creating a seamless and convenient experience for consumers.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States has been a leader in the tech industry for decades, and it's no surprise that they are dominating the consumer IoT market. With a highly developed infrastructure and a tech-savvy population, the US has seen a significant increase in the adoption of IoT devices. The introduction of smart homes, wearables, and connected cars has contributed to the growth of the consumer IoT market in the country.
The home automation segment of the North America consumer IoT market is witnessing rapid growth due to the increasing adoption of smart home solutions. With technological advancements and the rise in disposable income, consumers are increasingly investing in home automation systems that offer convenience, security, and energy efficiency.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Consumer IoT Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Consumer IoT Market Revenues & Volume, 2021 & 2031F |
3.3 North America Consumer IoT Market - Industry Life Cycle |
3.4 North America Consumer IoT Market - Porter's Five Forces |
3.5 North America Consumer IoT Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Consumer IoT Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 North America Consumer IoT Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.8 North America Consumer IoT Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 North America Consumer IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Consumer IoT Market Trends |
6 North America Consumer IoT Market, 2021 - 2031 |
6.1 North America Consumer IoT Market, Revenues & Volume, By Offering, 2021 - 2031 |
6.2 North America Consumer IoT Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
6.3 North America Consumer IoT Market, Revenues & Volume, By End User, 2021 - 2031 |
7 United States Consumer IoT Market, 2021 - 2031 |
7.1 United States Consumer IoT Market, Revenues & Volume, By Offering, 2021 - 2031 |
7.2 United States Consumer IoT Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
7.3 United States Consumer IoT Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Canada Consumer IoT Market, 2021 - 2031 |
8.1 Canada Consumer IoT Market, Revenues & Volume, By Offering, 2021 - 2031 |
8.2 Canada Consumer IoT Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
8.3 Canada Consumer IoT Market, Revenues & Volume, By End User, 2021 - 2031 |
9 North America Consumer IoT Market Key Performance Indicators |
10 North America Consumer IoT Market - Opportunity Assessment |
10.1 North America Consumer IoT Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Consumer IoT Market Opportunity Assessment, By Offering, 2021 & 2031F |
10.3 North America Consumer IoT Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
10.4 North America Consumer IoT Market Opportunity Assessment, By End User, 2021 & 2031F |
11 North America Consumer IoT Market - Competitive Landscape |
11.1 North America Consumer IoT Market Revenue Share, By Companies, 2024 |
11.2 North America Consumer IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |