Internet of Things is the connection of several devices to the internet by the use of embedded sensors and software for communicating, collecting, and exchanging data among each other. The internet of things offers a virtually endless array of connections and opportunities at the workplace and home and combines the connectivity with devices, sensors, and people for allowing free-flow of conversation between software and hardware, man, and machine. With the advancements in machine learning and artificial intelligence, such conversations can allow devices to respond, react, anticipate, and enhance the physical world in almost the same way as the internet currently uses the computer screens and networks to improve the world of information.

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Increasing development of the wireless networking technologies, the rising adoption of the cloud platform, along with the arrival of advanced data processing and data analytics, are the key factors driving the growth of the internet of things market in the United States. Increasing investments by the government for the development of smart cities is propelling the growth of United States internet of things market during the forecast period. In addition to this, the increasing investments in the IoT systems and the emerging trends for artificial intelligence and security assurance are the other major factors that have accelerated the growth of the internet of things market across the country. Moreover, the growing deployment of IoT devices across several sectors, including defense, energy, agriculture, healthcare, and industrial operations, along with the reducing price of sensors, are encouraging the consumers to opt for IoT-enabled devices over the coming years. The factors which are responsible for restraining the growth of United States internet of things market are the security, privacy of the data, and the legal and regulatory challenges.

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Based on the component, the software segment is projected to grow at a higher CAGR in the coming years. The software segment addresses its main networking areas through embedded systems, middleware, platforms, and others. The increasing applications for performing various activities such as device integration, collection of data, real-time analytics, and process and application extension within an IoT network, is the major factor that is surging the demand of the segment. The real-time analytics is responsible for collecting the input or data from several devices and convert it into clear patterns for the analysis of human.

On the basis of the node component, the sensor segment is expected to witness a higher CAGR during the forecast period. The sensor segment is one of the key drivers for the expansion of the internet of things. The device is responsible for the measurement of physical inputs and transforming it into raw data, which is then stored digitally for the analysis and access. The miniaturization of the sensors has enabled them to be integrated into smart devices hence expanding their capacity beyond data analytics and measurement. All these factors are responsible for the growing demand for the segment in the market.

On the basis of application, the smart manufacturing segment is anticipated to lead the market over the coming years. Smart manufacturing enables the managers of the factory to analyze and collect data for making better decisions automatically and to optimize the production process. The data from machines and sensors is communicated to the cloud by the IoT connectivity solutions that are installed in the factory. The IoT technology provides both wireless and wired connectivity, enables the flow of data, thus providing the ability to manage and monitor the processes and change plans in real-time accordingly.

Based on network infrastructure, the storage segment is projected to grow at a higher CAGR during the forecast period. This segment helps in managing and capturing the data and provides the capabilities to compute which analyze and aggregate the data in real time for delivering actionable and immediate insights at the level of the device.

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Various notable players operating in the United States Internet of Things market include IBM Corporation, Intel Corporation, SAP SE, Cisco Systems Inc., Microsoft Corporation, Oracle Corporation, PTC Inc, Google LLC, Hewlett Packard Enterprise, and Amazon Web Services, Inc. among others.

Key Market Developments: 

• • In 2019, IBM launched a supply chain service that is based on blockchain and open-source software, which was incorporated by the acquisition of a company called RedHat. By the use of open APIs, the supply chain suite enables the manufacturers, distributors, and retailers to integrate their networks and data and of the suppliers.
  • In 2018, Intel entered into a partnership with Arm for offering solutions that can run securely onboard both Intel and Arm IoT devices to any type of cloud framework or application.

The United States Internet of Things market is categorized on the basis of component, node component, platform, application, network infrastructure and connectivity technology. The component segment is categorized into software solution, services and platform. The software solution segment is further categorized into data management, real time streaming analytics, remote monitoring, security solution and network bandwidth management. The services segment is further categorized into professional service and managed service. The professional service is further segmented into deployment & integration, consulting and support & maintenance. The platform segment market is further categorized into device management, cloud platform, network management and application management. Based on node component, the market is segmented into sensor, processor and connectivity IC. Based on application, the market is segmented into smart manufacturing, building & automation, connected logistics, smart energy & utilities, agriculture, smart mobility & transportation, government & defense, smart retail, connected healthcare and others. Based on network infrastructure, the market is segmented into storage, server, ethernet switch & routing and gateway. Based on connectivity technology, the market is segmented into Bluetooth low energy, wi-fi, near field communication, cellular, satellite and others.

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Key questions answered in this research report:

• • At what pace is the United States Internet of Things market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the United States Internet of Things market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the United States Internet of Things market?
  • What are the various application areas of the United States Internet of Things market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Node Component, By Application, By Network Infrastructure and By Connectivity Technology.
Regional Coverage	United States
Companies Profiled	IBM Corporation, Intel Corporation, SAP SE, Cisco Systems Inc., Microsoft Corporation, Oracle Corporation, PTC Inc, Google LLC, Hewlett Packard Enterprise and Amazon Web Services, Inc. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

United States Internet of Things Market by Component

• • Software Solution
    • Data Management
      • Product Data
      • Location Data
      • Customer Data
      • Supplier Data
      • Asset Data
    • Real Time Streaming Analytics
    • Remote Monitoring
    • Security Solution
      • Data Encryption and Tokenization
      • Distributed Denial of Service Protection
      • Identity Access Management
      • Secure Communications
      • Others
    • Network Bandwidth Management
      • Bundled Network Management
      • Standalone Network Management
  • Service
    • Professional Service
      • Support and Maintenance
      • Deployment and Integration
      • Consulting
    • Managed Service
  • Platform
    • Device Management
    • Cloud Platform
    • Network Management
    • Application Management

United States Internet of Things Market by Node Component

• • Sensor
    • Inertial Measurement Unit
    • Accelerometer
    • Pressure Sensor
    • Image Sensor
    • Others
  • Processor
    • Microprocessor
    • Microcontroller
    • Application Processor
    • Digital Signal Processor
  • Connectivity IC
    • Wireless
    • Wired
    • Logic Device
    • Memory Device

United States Internet of Things Market by Application

• • Smart Manufacturing
  • Building & Automation
  • Connected Logistics
  • Smart Energy & Utilities
  • Agriculture
  • Smart Mobility & Transportation
  • Government & Defense
  • Smart Retail
  • Connected Healthcare
  • Others

United States Internet of Things Market by Network Infrastructure

• • Storage
  • Server
  • Ethernet Switch & Routing
  • Gateway

United States Internet of Things Market by Connectivity Technology

• • Bluetooth Low Energy (BLE)
  • Wi-fi
  • Near Field Communication
  • Cellular
  • Satellite
  • Others

Leading market players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • IBM Corporation
  • Intel Corporation
  • SAP SE
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • PTC Inc
  • Google LLC
  • Hewlett Packard Enterprise
  • Amazon Web Services, Inc.