North America Iot Device Management Market Size & Outlook
North America iot device management market, 2018-2030 (US$M)
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North America iot device management market highlights
- The North America iot device management market generated a revenue of USD 1,033.0 million in 2023.
- The market is expected to grow at a CAGR of 33.2% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating category in 2023.
- Service is the most lucrative category segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,033.0 million |
| Market revenue in 2030 | USD 7,698.3 million |
| Growth rate | 33.2% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
| Key market players worldwide | Bosch, Smith Micro Software Inc, International Business Machines Corp, Microsoft Corp, Oracle Corp, PTC, Omnicom Group Inc, Advantech, Aeris |
Other key industry trends
- In terms of revenue, North America region accounted for 31.7% of the global iot device management market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,382.0 million by 2030.
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IoT Device Management Market Scope
IoT Device Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America iot device management 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 device management market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 63.71% in 2023. Horizon Databook has segmented the North America iot device management market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
The North American market is expected to witness the highest market share by 2025, the North American market contributing maximum market share in the global IoT device management market. Infrastructural developments and cloud deployment have resulted in the growth of device management solutions in North America.
The U.S. is the primary driver of growth in the North American market. Major IoT device solutions providers such as IBM, Oracle, and Microsoft are based in the U.S .The region has witnessed widespread adoption of latest networking technologies, such as ANT+, ZigBee, z-Wave, LTE advanced, and Wi-Fi.
Furthermore, the rise in the use of IoT devices in various application areas is one of the most important factors for the growth of IoT device management solutions and services in the North American region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America iot device management market , including forecasts for subscribers. This continent databook contains high-level insights into North America iot device management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America iot device management market size, by country, 2018-2030 (US$M)
North America IoT Device Management Market Outlook Share, 2023 & 2030 (US$M)
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