North America Industrial IoT Market (2025-2032)
The North America Industrial IoT Market is projected to reach $86.3 billion by 2032, at a CAGR of 16.6% during the forecast period 2025–2032.
- Published
- Jan 2025
- Pages
- 170
- Format
- PDF + Excel
- Report ID
- MRICT - 104977
- Base year
- 2024
- 2032 · FORECAST
- $86.30B
- 2032
- $86.30B
- CAGR 2025–2032
- 16.6%
2024 baseline · 2025–2032 forecast at 16.6% CAGR · hover a bar for the value
Key highlights
The North America Industrial IoT Market is projected to reach $86.3 billion by 2032, at a CAGR of 16.6% during the forecast period 2025–2032.
The hardware segment is expected to account for the largest share of the North America industrial IoT market.
The manufacturing segment is expected to account for the largest share of the North America industrial IoT market.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025–2032 |
| Market Size (2032) | USD 86.30 billion |
| CAGR (2025–2032) | 16.6% |
| Format | PDF, Excel & Cloud Portal · 170 pages |
| Segments Covered | By Component: Hardware Network Components, Sensors & Actuators, Others, Professional Services, Managed Services · By Industry Vertical: Agriculture Precision Farming, Livestock Monitoring, Smart Greenhouse, Fish Farming, Smart Irrigation, Surveillance & Safety, Quality Management, Resource Optimization, Inventory & Warehouse Management, Machine Inspection & Maintenance, Production Planning, Energy Management, Smart Robotics, Operations Management · By Industry: Agriculture, Manufacturing, Energy & Utilities, Oil & Gas, Aerospace, Retail, Transportation & Logistics, Others |
| Countries Covered | North America (U.S., Canada) |
| Key Companies | ABB Ltd., General Electric Company (U.S.), Emerson Electric Co. (U.S.), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), SAP SE, IBM Corporation (U.S.), Honeywell International Inc. (U.S.), Amazon Web Services, Inc. (U.S.), Siemens AG, Huawei Technologies Co, Ltd., Rockwell Automation, Inc. (U.S.), PTC, Inc. (U.S.), Dassault Systemes, Robert Bosch GmbH, KUKA AG, Microsoft Corporation (U.S.), Schneider Electric SE, Advantech Co., Ltd., C3.ai, Inc. (U.S.) |
Report overview
Segments covered: component, industry vertical, industry. Regions: North America.
Major factors driving this market's growth are rising investments in Industry 4.0 technologies, government initiatives to promote industrial automation, and the growing need to improve productivity and efficiency. However, the lack of standardization and high capital & OpEx requirements restrain the growth of the IIoT market.
The use of industrial IoT for predictive maintenance and the proliferation of data centers are expected to create market growth opportunities. However, vulnerability issues with IoT devices and the lack of skilled professionals are major challenges for market growth. Additionally, the rising popularity of IIoT digital twins, the emergence of edge computing, and the rising adoption of smart manufacturing-as-a-service are some of the major trends in this market.
Report infographic
Market dynamics
1 factors across 1 forceThe Growing Need to Improve Productivity and Efficiency is Expected to Drive the North America Industrial IoT Market
Manufacturing productivity & efficiency can be severely hampered due to poor production planning, over-dependency on human labor, disruption of supply chains, and improper resource utilization. Human factors such as health, strikes, absenteeism, weather, skills, surrounding environments, wages, and overtime can also considerably affect manufacturing productivity.
Besides, poor production planning and improper resource utilization are connected to high dependency on the skills and experience of human operators, supervisors, and managers. These factors have encouraged manufacturing companies to incorporate smart technologies and transform their traditional manufacturing processes into smart processes.
As productivity and work efficiency are crucial for business profitability, industries have increased their adoption of smart manufacturing processes. Introducing a combination of digital technologies, such as artificial intelligence and automation, into factories, warehouses, and production environments provides benefits, such as improved process efficiency, product quality, sustainability, and decreased costs.
Smart factories combine technologies such as vision systems, harmonic sensors, and cobots with cognitive computing, machine learning, and autonomous capabilities to spur new productivity levels in manufacturing. Smart factories offer remote monitoring, condition monitoring, and predictive maintenance. These benefits have compelled public and private sector companies to adapt to the required changes.
According to Accenture , 46% of respondents among American companies see IoT as an opportunity to increase employee productivity. In addition, according to Imaginovation (U.S.), around 35% of manufacturers in the U.S. collect and use data generated from smart sensors to enhance manufacturing processes. Thus, all such factors are driving the industrial IoT market growth in North America.
Table of contents
10 chapters · 124 sections · 170 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Component | Hardware | — |
| By Industry Vertical | Manufacturing | Canada |
By Component
- The hardware segment is expected to account for the largest share of the North America industrial IoT market.
- The large market share of this segment is attributed to factors such as consistent engagement of the industrial sector in improving efficiency, reducing costs, and increasing the Overall Equipment Effectiveness (OEE) through better access to information from real-time solutions.
- In addition, rising investment in the digital transformation of industries is expected to boost the demand for IIoT hardware.
- For instance, in September 2025, the Canadian government made a significant investment in Canada’s Global Innovation Clusters, demonstrating its focus on growing automation and other innovative technologies.
- This year, USD 700 million in funding is spread across five clusters, three of which are relevant to the industrial sector—the Advanced Manufacturing Cluster, the Digital Technology Cluster, and the Scale AI Cluster.
By Industry Vertical
- The manufacturing segment is expected to account for the largest share of the North America industrial IoT market.
- The manufacturing industry is adopting automation and robotics systems extensively throughout production lines to enhance product quality, reduce work-in-progress time, and improve equipment reliability.
- IIoT can transform traditional, linear manufacturing supply chains into dynamic, interconnected systems—a digital supply network (DSN)—that can more readily incorporate ecosystem partners.
- Thus, the growing need for centralized monitoring and predictive maintenance of assets, the increasing number of smart factories, the advent of Industry 4.0, and the increasing adoption of autonomous robots for industrial automation drive the growth of this segment.
- The U.S. is expected to account for the largest share of the North America industrial IoT market.
- The large share of the market is attributed to the presence of leading industrial IoT players, the advent of Industry 4.0, strong government initiatives, and increasing demand for industrial automation.
- The U.S. industrial sectors are heavily embracing large-scale automation, robotics, and industrial connectivity to push Industry 4.0 forward and meet the demands of a huge customer base.
- For instance, in May 2020 , NC State University (U.S.) partnered with the Clean Energy Smart Manufacturing Innovation Institute (CESMII) (U.S.) to launch the Smart Manufacturing Innovation Center (SMIC) to provide new opportunities for the paper industry to facilitate their digital transformation, IIoT, and analytical innovation initiative.
- Thus, all such factors are driving the market growth in the country.
- However, Canada is expected to grow with the highest CAGR during the forecast period.
Competitive landscape
- ABB Ltd. · Switzerland
- General Electric Company (U.S.)
- Emerson Electric Co. (U.S.)
- Intel Corporation (U.S.)
- Cisco Systems, Inc. (U.S.)
- SAP SE · Germany
- IBM Corporation (U.S.)
- Honeywell International Inc. (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Siemens AG · Germany
- Huawei Technologies Co, Ltd. · China
- Rockwell Automation, Inc. (U.S.)
- PTC, Inc. (U.S.)
- Dassault Systemes · France
- Robert Bosch GmbH · Germany
- KUKA AG · Germany
- Microsoft Corporation (U.S.)
- Schneider Electric SE · France
- Advantech Co., Ltd. · Taiwan
- C3.ai, Inc. (U.S.)
Frequently asked questions
The North America industrial IoT market is projected to reach $86.30 billion by 2032, at a CAGR of 16.6% during the forecast period.
Cite this report
Meticulous Research. (2025). North America Industrial IoT Market - Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MRICT - 104977). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/north-america-industrial-iot-market-5660