U.S. Internet Of Things (iot) In Retail Market Size & Outlook
U.S. internet of things (iot) in retail market, 2018-2030 (US$B)
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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 13.0 billion in 2023 and is expected to reach USD 58.1 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 23.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- 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 2023 | USD 13.0 billion |
| Market revenue in 2030 | USD 58.1 billion |
| Growth rate | 23.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Platform |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| 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 25.2% of the global internet of things (iot) in retail market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. internet of things (iot) in retail 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 11.2 billion by 2030.
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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 |
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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 will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 44.62% in 2023. 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 2018 to 2030.
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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. internet of things (iot) in retail market , including forecasts for subscribers. This country databook contains high-level insights into U.S. internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. internet of things (iot) in retail market size, by component, 2018-2030 (US$B)
U.S. Internet Of Things (IoT) In Retail Market Outlook Share, 2023 & 2030 (US$B)
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