U.S. Internet Of Things (Iot) In Retail Market Size & Outlook
Global Market
Related Markets
U.S. internet of things (iot) in retail market highlights
- The U.S. internet of things (iot) in retail market generated a revenue of USD 18,037.1 million in 2024 and is expected to reach USD 95,360.1 million by 2033.
- The U.S. market is expected to grow at a CAGR of 19.9% 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 18,037.1 million |
| Market revenue in 2033 | USD 95,360.1 million |
| Growth rate | 19.9% (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, U.S. accounted for 27.1% 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 increasing demand for technologically advanced solutions across the retail sector, coupled with the thriving e-commerce sector in the country, is driving market growth.
The strong presence of various IoT solution providers in the region, who are focusing on forming strategic alliances and investing in the development of innovative solutions is further contributing to the market growth.
For instance, in May 2023, IBM Corporation launched Watson, a new AI and data platform that can enable enterprises to scale and accelerate the impact of AI with trusted data. Such developments are likely to create significant growth opportunities for market players in the near future.
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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 |
U.S. 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 57.16% in 2024.
Horizon Databook has segmented the U.S. 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 increasing demand for technologically advanced solutions across the retail sector, coupled with the thriving e-commerce sector in the country, is driving market growth.
The strong presence of various IoT solution providers in the region, who are focusing on forming strategic alliances and investing in the development of innovative solutions is further contributing to the market growth.
For instance, in May 2023, IBM Corporation launched Watson, a new AI and data platform that can enable enterprises to scale and accelerate the impact of AI with trusted data. Such developments are likely to create significant growth opportunities for market players in the near future.
- U.S. Internet Of Things (Iot) In Retail Market Component Outlook (Revenue, USD Million , 2021-2033)
- Hardware
- Platform
- Services
- U.S. Internet Of Things (Iot) In Retail Market Technology Outlook (Revenue, USD Million , 2021-2033)
- Bluetooth Low Energy
- Near Field Communication
- ZigBee
- Others
- U.S. Internet Of Things (Iot) In Retail Market Deployment Outlook (Revenue, USD Million , 2021-2033)
- On-premise
- Cloud
- U.S. 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 U.S. Internet Of Things (IoT) In Retail Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Internet Of Things (IoT) In Retail Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
U.S. Internet Of Things (Iot) In Retail Market, 2021-2033 (US$M)
U.S. internet of things (iot) in retail market statistics, by component, 2021-2033 (US$M)
