North America Industrial IoT Market (2025-2031) | Revenue, Share, Forecast, Analysis, Growth, Trends, Outlook, Companies, Size, Industry & Value
Market Forecast by Countries (United States, Canada), By Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), By Component (Hardware, Software, Services), By And Competitive Landscape
| Product Code: ETC4621984 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
North America Industrial IoT Market Highlights
| Report Name | North America Industrial IoT Market |
| Forecast period | 2025-2031 |
| Forecast Size | USD 86.3 billion By 2031 |
| CAGR | 12.6% |
| Growing Sector | Manufacturing Sector |
Topics Covered in North America Industrial IoT Market Report
The North America Industrial IoT Market Report thoroughly covers the market by Countries, Vertical and Component. The North America Industrial IoT Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Industrial IoT market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
North America Industrial IoT Market Size & Analysis
North America Industrial IoT Market was valued at USD 43.15 billion and is expected to reach USD 86.3 billion , growing at a CAGR of around 12.6 % from 2025-2031. The market's expansion is driven by increasing investments in Industry 4.0 technologies, government support for industrial automation, and the rising need for efficiency and productivity in manufacturing. The hardware segment is expected to dominate, fueled by demand for sensors, actuators, and network components that enable smart factories. Manufacturing is the leading industry, with predictive maintenance, robotics, and AI-driven automation driving adoption. The U.S. holds the largest market share, but Canada is expected to grow at the fastest rate due to government funding and digital transformation initiatives.
North America Industrial IoT Market Synopsis
The North America Industrial IoT market is expected to witness significant growth. This growth is propelled by the integration of digital technologies and IoT in various industrial sectors. The increasing demand for automation, improved operational efficiency, and data-driven decision-making is also driving the market growth.
According to 6Wresearch, The North America Industrial IoT Market size is projected to grow at a CAGR of 12.6% during 2025-2031. The growing need for technological advancement, an increase in cyber threats, the spike in demand for cloud-based services and IoT, and the need to improve operational efficiency are major factors that are driving the market growth. The focus on enhancing manufacturing processes, energy efficiency, and automation is a significant driver of the Industrial IoT.
Despite the growing need for Industrial IoT in North America, the market faces several challenges such as integration of diverse IoT devices, protocols, platforms, and legacy systems poses challenges related to interoperability, data compatibility, communication standards, and seamless connectivity across heterogeneous IoT ecosystems, hindering data exchange, system integration, and operational efficiency.
North America Industrial IoT Market Key Players
The North America Industrial IoT Market is experiencing significant growth, with key players like Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, and others. These industry leaders are recognized for their technologically advanced and robust Industrial IoT solutions. They focus on innovative designs and customer-centric strategies to strengthen their market positions.
Government Policy of the Market
Government initiatives to promote open standards, interoperable technologies, vendor-neutral platforms, and IoT device compatibility drive industry collaboration, system integration, data exchange, and IoT ecosystem development to foster seamless connectivity and interoperability across IoT networks. Government-led smart manufacturing programs, Industry 4.0 initiatives, advanced manufacturing grants, R&D funding, technology adoption incentives, and innovation hubs drive IoT integration, automation technologies, smart factories, and digital transformation in the manufacturing sector.
Future Insights of the Market
According to Dhaval, Research Manager, 6Wresearch, The proliferation of IoT devices, edge computing technologies, AI-driven analytics, and automation solutions will accelerate the smart manufacturing revolution, enabling connected factories, real-time production monitoring, predictive maintenance, supply chain optimization, and agile manufacturing processes in the North America industrial sector. Increasing adoption of Industry 4.0 principles, cyber-physical systems, digital twins, cloud-based services, and IoT-enabled sensors will drive the convergence of physical and digital realms, fostering intelligent factories, adaptive production systems, data-driven decision- making, and operational efficiency enhancements in industrial settings.
Market Segmentation By Countries
According to Countries, the "United States" segment is witnessing rapid growth due to the increasing adoption of advanced technologies and the presence of major market players.
Market Segmentation By Vertical
The "Manufacturing" segment is a major contributor to the market, driven by the rising need for automation and efficiency in the manufacturing process.
Market Segmentation By Component
The "Hardware" segment is experiencing growth due to its importance in establishing a robust and efficient Industrial IoT infrastructure.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2021 to 2024.
- Base Year 2024
- Forecast Data until 2031.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- North America Industrial IoT Market Outlook
- Market Size of North America Industrial IoT Market, 2024
- Forecast of North America Industrial IoT Market, 2031
- Historical Data and Forecast of North America Industrial IoT Revenues & Volume for the Period 2021 - 2031
- North America Industrial IoT Market Trend Evolution
- North America Industrial IoT Market Drivers and Challenges
- North America Industrial IoT Price Trends
- North America Industrial IoT Porter's Five Forces
- North America Industrial IoT Industry Life Cycle
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
- Historical Data and Forecast of North America Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
- Historical Data and Forecast of United States Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
- Historical Data and Forecast of Canada Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
- Historical Data and Forecast of North America Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
- Historical Data and Forecast of United States Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
- Historical Data and Forecast of Canada Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
- North America Industrial IoT Market - Key Performance Indicators
- North America Industrial IoT Market - Import Export Trade Statistics
- North America Industrial IoT Market - Opportunity Assessment By Countries
- North America Industrial IoT Market - Opportunity Assessment By Vertical
- North America Industrial IoT Market - Opportunity Assessment By Component
- North America Industrial IoT Market - Opportunity Assessment By
- North America Industrial IoT Market - Top Companies Market Share
- North America Industrial IoT Market - Top Companies Profiles
- North America Industrial IoT Market - Comparison of Players in Technical and Operating Parameters
- North America Industrial IoT Market - Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments
By Countries
- United States
- Canada
By Vertical
- Manufacturing
- Energy
- Oil & Gas
- Healthcare
- Retail
- Transportation
- Metals & Mining
- Agriculture
By Component
- Hardware
- Software
- Services
North America Industrial IoT Market (2025-2031): FAQs
The growth of Industrial IoT in North America is driven by technological advancements, the need for operational efficiency, the push towards automation in diverse sectors like manufacturing, energy, healthcare, and transportation.
Companies in North America are adapting to Industrial IoT by investing in IoT technologies, upskilling their workforce, reimagining business processes, embracing data-driven decision-making, enhancing operational efficiency, and building agile, future-ready organizations.
Industries such as manufacturing, energy, healthcare, transportation, and agriculture are experiencing profound impacts from Industrial IoT, reshaping how businesses operate, deliver services, optimize processes, and drive growth in the region.
Common challenges organizations face during Industrial IoT implementation include legacy systems integration, cybersecurity risks, talent shortages, cultural resistance to change, data management complexities, regulatory compliance issues, scalability concerns, and the need for strategic alignment between IoT initiatives and business goals.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Industrial IoT Market Overview |
| 3.1 North America Regional Macro Economic Indicators |
| 3.2 North America Industrial IoT Market Revenues & Volume, 2021 & 2031F |
| 3.3 North America Industrial IoT Market - Industry Life Cycle |
| 3.4 North America Industrial IoT Market - Porter's Five Forces |
| 3.5 North America Industrial IoT Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 North America Industrial IoT Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
| 3.7 North America Industrial IoT Market Revenues & Volume Share, By Component, 2021 & 2031F |
| 3.9 North America Industrial IoT Market Revenues & Volume Share, By , 2021 & 2031F |
| 4 North America Industrial IoT Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 North America Industrial IoT Market Trends |
| 6 North America Industrial IoT Market, 2021-2031 |
| 6.1 North America Industrial IoT Market, Revenues & Volume, By Vertical, 2021-2031 |
| 6.2 North America Industrial IoT Market, Revenues & Volume, By Component, 2021-2031 |
| 6.4 North America Industrial IoT Market, Revenues & Volume, By , 2021-2031 |
| 7 United States Industrial IoT Market, 2021-2031 |
| 7.1 United States Industrial IoT Market, Revenues & Volume, By Vertical, 2021-2031 |
| 7.2 United States Industrial IoT Market, Revenues & Volume, By Component, 2021-2031 |
| 7.4 United States Industrial IoT Market, Revenues & Volume, By , 2021-2031 |
| 8 Canada Industrial IoT Market, 2021-2031 |
| 8.1 Canada Industrial IoT Market, Revenues & Volume, By Vertical, 2021-2031 |
| 8.2 Canada Industrial IoT Market, Revenues & Volume, By Component, 2021-2031 |
| 8.4 Canada Industrial IoT Market, Revenues & Volume, By , 2021-2031 |
| 9 North America Industrial IoT Market Key Performance Indicators |
| 10 North America Industrial IoT Market - Opportunity Assessment |
| 10.1 North America Industrial IoT Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 10.2 North America Industrial IoT Market Opportunity Assessment, By Vertical, 2021 & 2031F |
| 10.3 North America Industrial IoT Market Opportunity Assessment, By Component, 2021 & 2031F |
| 10.5 North America Industrial IoT Market Opportunity Assessment, By , 2021 & 2031F |
| 11 North America Industrial IoT Market - Competitive Landscape |
| 11.1 North America Industrial IoT Market Revenue Share, By Companies, 2024 |
| 11.2 North America Industrial IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
| 12 Company Profiles |
| 13 Recommendations |
| 14 Disclaimer |
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