Canada Internet Of Things (Iot) In Retail Market Size & Outlook
Global Market
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Canada internet of things (iot) in retail market highlights
- The Canada internet of things (iot) in retail market generated a revenue of USD 2,542.0 million in 2024 and is expected to reach USD 18,516.3 million by 2033.
- The Canada market is expected to grow at a CAGR of 24.2% from 2025 to 2033.
- In terms of segment, hardware was the largest revenue generating component in 2024.
- Platform is the most lucrative component segment registering the fastest growth during the forecast period.
Internet of things (iot) in retail market data book summary
| Market revenue in 2024 | USD 2,542.0 million |
| Market revenue in 2033 | USD 18,516.3 million |
| Growth rate | 24.2% (CAGR from 2025 to 2033) |
| Largest segment | Hardware |
| Fastest growing segment | Platform |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Platform, Services |
| Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Intel Corp, SAP SE, ARM Holdings PLC ADR, SoftBank Group Corp, Alphabet Inc Class A, Microsoft Corp, NXP Semiconductors NV, PTC, Aviva PLC, Avnet Inc, Verizon Communications Inc, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, Canada accounted for 3.8% of the global internet of things (iot) in retail market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. internet of things (iot) in retail market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 18,516.3 million by 2033.
The rise of online shopping has compelled retailers to focus on the integration of multiple sales channels in their operations to ensure seamless omnichannel experiences, which can enable them to reach a wider customer base and provide convenience and flexibility.
This, in turn, encourages retailers to adopt IoT solutions across important applications, such as customer tracking and analytics, inventory management, personalized marketing, and supply chain optimization. The rising demand for these solutions is likely to drive the market over the forecast period.
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Publish Date: Jul 14, 2025
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Internet Of Things (IoT) In Retail Market Scope
Internet Of Things (IoT) In Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| Alphabet Inc Class A | View profile | 180,895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | www.abc.xyz |
| SAP SE | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| ARM Holdings PLC ADR | View profile | 7,096 | 110 Fulbourn Road, Cambridge, United Kingdom, CB1 9NJ | www.arm.com |
| NXP Semiconductors NV | View profile | 34,200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | www.nxp.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| Zebra Technologies Corp Class A | View profile | 9,750 | 3 Overlook Point, Lincolnshire, IL, United States, 60069 | www.zebra.com |
| PTC | View profile | 5001-10000 | Boston, Massachusetts, United States, North America | www.ptc.com |
Canada Internet Of Things (IoT) In Retail Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Internet Of Things (IoT) In Retail Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 60.06% in 2024.
Horizon Databook has segmented the Canada internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2021 to 2033.
The rise of online shopping has compelled retailers to focus on the integration of multiple sales channels in their operations to ensure seamless omnichannel experiences, which can enable them to reach a wider customer base and provide convenience and flexibility.
This, in turn, encourages retailers to adopt IoT solutions across important applications, such as customer tracking and analytics, inventory management, personalized marketing, and supply chain optimization. The rising demand for these solutions is likely to drive the market over the forecast period.
- Canada Internet Of Things (Iot) In Retail Market Component Outlook (Revenue, USD Million , 2021-2033)
- Hardware
- Platform
- Services
- Canada Internet Of Things (Iot) In Retail Market Technology Outlook (Revenue, USD Million , 2021-2033)
- Bluetooth Low Energy
- Near Field Communication
- ZigBee
- Others
- Canada Internet Of Things (Iot) In Retail Market Deployment Outlook (Revenue, USD Million , 2021-2033)
- On-premise
- Cloud
- Canada Internet Of Things (Iot) In Retail Market Application Outlook (Revenue, USD Million , 2021-2033)
- Operations Management
- Customer Management
- Asset Management
- Advertising and Marketing
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Internet Of Things (IoT) In Retail Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Internet Of Things (IoT) In Retail Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Internet Of Things (Iot) In Retail Market, 2021-2033 (US$M)
Canada internet of things (iot) in retail market statistics, by component, 2021-2033 (US$M)
