U.S. Iot Platform Market Size & Outlook, 2025-2030
The iot platform market in the United States is expected to reach a projected revenue of US$ 6,837.1 million by 2030. A compound annual growth rate of 8.8% is expected of the United States iot platform market from 2025 to 2030.
- Enterprise Technology & Automation
- Cloud & Data Center Infrastructure
- IoT Platform Market Outlook
- Cloud & Data Center Infrastructure
Revenue, 2024 (US$M)
$3,945.6
Forecast, 2030 (US$M)
$6,837.1
CAGR, 2025 - 2030
8.8%
Report Coverage
U.S.
Global Market
Related Markets
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U.S. iot platform market highlights
- The U.S. iot platform market generated a revenue of USD 3,945.6 million in 2024 and is expected to reach USD 6,837.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.8% from 2025 to 2030.
- In terms of segment, platform was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Iot platform market data book summary
| Market revenue in 2024 | USD 3,945.6 million |
| Market revenue in 2030 | USD 6,837.1 million |
| Growth rate | 8.8% (CAGR from 2025 to 2030) |
| Largest segment | Platform |
| Fastest growing segment | Services |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platform, Services |
| Key market players worldwide | Microsoft Corp, Amazon Web Services, Google, Siemens AG, International Business Machines Corp, Cisco Systems Inc, Oracle Corp, PTC Inc, SAP SE ADR, Intel Corp |
Other key industry trends
- In terms of revenue, U.S. accounted for 29.8% of the global iot platform market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. iot platform market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,085.2 million by 2030.
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Publish Date: Jan 17, 2025
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IoT Platform Market Scope
IoT Platform Market segmentation & scope
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IoT Platform Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| 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 |
| SAP SE ADR | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| PTC Inc | View profile | 7,231 | 121 Seaport Boulevard, Boston, MA, United States, 02210 | www.ptc.com |
| View profile | 10001+ | Mountain View, California, United States, North America | www.google.com | |
| Amazon Web Services | View profile | 10001+ | Seattle, Washington, United States, North America | aws.amazon.com |
U.S. IoT Platform 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 IoT Platform Market Outlook will help companies and investors design strategic landscapes.
Platform was the largest segment with a revenue share of 73.12% in 2024.
Horizon Databook has segmented the U.S. iot platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Iot Platform Market Component Outlook (Revenue, USD Million , 2018-2030)
- Platform
- Services
- U.S. Iot Platform Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- Private Cloud
- Public Cloud
- Hybrid
- U.S. Iot Platform Market Organization Size Outlook (Revenue, USD Million , 2018-2030)
- Small & Medium Enterprises
- Large Enterprises
- U.S. Iot Platform Market Application Outlook (Revenue, USD Million , 2018-2030)
- Smart Manufacturing
- Building & Home Automation
- Smart Grid and Utilities
- Connected Healthcare
- Smart Retail
- Smart Transportation
- Telecommunications
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. IoT Platform Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. IoT Platform Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Iot Platform Market, 2018-2030 (US$M)
U.S. iot platform market statistics, by component, 2018-2030 (US$M)
