# US Internet of Everything Market

> US Internet of Everything Market Size, Share and Trends Analysis Report By Component (Hardware, Software/Platform, Connectivity, Services) and By End User Industry (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Government, BFSI, Others) - Forecast to 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 28.89%
- **2024:** $ 101.19 Billion
- **2025:** $ 130.42 Billion
- **2035:** $ 1,650.32 Billion
- **Key Players:** Cisco Systems (US), IBM (US), General Electric (US), Intel (US), Microsoft (US), Siemens (DE), Oracle (US), SAP (DE), Honeywell (US)

**Report ID:** MRFR/ICT/12827-HCR · **Pages:** 100 · **Author:** Kiran Jinkalwad & Garvit Vyas · **Last Updated:** April 06, 2026

**URL:** https://www.marketresearchfuture.com/reports/us-internet-of-everything-market-14354

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## Market Summary

## **US Internet of Everything Market Overview:**

As per MRFR analysis, the US Internet of Everything Market Size was estimated at 83.42 (USD Billion) in 2023. The US Internet of Everything Market Industry is expected to grow from 121(USD Billion) in 2024 to 2,179.5 (USD Billion) by 2035. The US Internet of Everything Market CAGR (growth rate) is expected to be around 30.06% during the forecast period (2025 - 2035).

## **Key US Internet of Everything Market Trends Highlighted**

The US Internet of Everything market has been experiencing significant growth, driven by a multitude of factors. One of the primary market drivers is the increasing demand for automation across various sectors such as manufacturing, healthcare, and smart cities. This push for efficiency and productivity is motivating businesses to adopt IoT technologies that enable real-time data processing and connectivity. Moreover, the rise in consumer awareness regarding intelligent devices has led to greater adoption of connected home products, further fueling market expansion. Amidst these developments, opportunities for innovation remain vast.

Companies are exploring avenues to leverage artificial intelligence and machine learning in IoT applications, enhancing capabilities for predictive maintenance and personalized services. As industries like transportation and logistics become increasingly connected, the potential for improved fleet management and supply chain efficiency presents lucrative prospects. In recent times, the trend towards sustainability has also gained momentum, with IoT devices facilitating energy management and resource allocation to reduce waste. Government initiatives aimed at digital transformation, such as the Smart Cities initiative, are encouraging collaboration between public and private sectors to develop interconnected urban solutions that improve quality of life and efficiency.

The emergence of 5G technology is another significant trend, offering higher bandwidth and lower latency for IoT applications, which will enhance connectivity and performance across sectors.Collectively, these factors are shaping a dynamic landscape in the US Internet of Everything market, focused on connectivity and innovation for a smarter future.

Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

## **US Internet of Everything Market Drivers**

### **Rapid Growth of the Smart Cities Initiative**

The United States is increasingly investing in the Smart Cities Initiative, which aims to integrate Information and Communication Technology (ICT) with the Internet of Everything (IoE) to enhance urban services efficiency and sustainability. According to the U.S. Department of Transportation, over 90 cities have begun implementing smart technologies to improve traffic management, public safety, and energy efficiency.

This significantly drives the US Internet of Everything Market Industry forward, as it creates substantial demand for interconnected devices and advanced analytics tools.For instance, the city of San Diego has deployed over 3,200 smart streetlights equipped with sensors, which not only reduce energy consumption by an estimated 60% but also generate valuable urban data, leading to improved services and infrastructure planning. Such advancements indicate an accelerating shift towards smart solutions, showcasing the market's growth potential and the increasing necessity for a robust IoE framework.

### **Surge in Demand for Remote Healthcare Solutions**

The ongoing transformation in the healthcare sector, especially accelerated by the COVID-19 pandemic, has fueled the demand for remote healthcare solutions. The U.S. Department of Health and Human Services has reported a dramatic increase in telehealth visits, which surged by over 154% during the pandemic as patients sought safe access to healthcare. This pushes the US Internet of Everything Market Industry, as providers increasingly utilize connected devices to monitor patients remotely, collect health data, and deliver care efficiently.Technologies such as wearables and remote monitoring devices are key to this growth, enhancing patient engagement and satisfaction.

Companies like Philips and Medtronic are pioneering innovations that exemplify the intersection of IoE and healthcare, contributing significantly to market expansion.

### **Increased Adoption of Industrial IoT Solutions**

In the U.S. manufacturing sector, the adoption of Industrial Internet of Things (IIoT) solutions is growing rapidly, driven by the need to enhance operational efficiencies and reduce costs. According to the National Association of Manufacturers, more than 80% of manufacturers have begun incorporating IoT technology in their operations to streamline processes and improve product quality.

This widespread integration fuels the US Internet of Everything Market Industry as manufacturers increasingly rely on sensors, predictive maintenance, and real-time data analytics to optimize production and supply chain management.Industry leaders like General Electric and Siemens are at the forefront of driving IIoT innovations, significantly affecting market trajectory by pushing the boundaries of interconnected devices and smart manufacturing solutions.

## **US Internet of Everything Market Segment Insights:**

### **Internet of Everything Market Component Insights**

The Component segment of the US Internet of Everything Market plays a crucial role in driving innovation and connectivity across various applications and industries. This segment encompasses vital elements such as Hardware, Software/Platform, Connectivity, and Services which work together to enhance the functionality and efficiency of IoT ecosystems. Evidence suggests that Hardware is fundamental in establishing the physical devices that enable connectivity, as it forms the backbone of IoT applications ranging from consumer devices to industrial equipment. This hardware component includes sensors, actuators, and devices which are increasingly being adopted in sectors like healthcare, manufacturing, and smart cities.

The Software/Platform aspect within this segment supports the operational efficiency of IoT solutions, providing necessary tools for data analytics, device management, and application development. With a focus on automation and predictive analysis, Software/Platform significantly contributes to optimizing processes, thus improving decision-making and facilitating real-time data usage to enhance user experience. In the evolving landscape of the US technology market, organizations are embracing cloud-based solutions that facilitate the seamless integration and management of various IoT devices, thereby driving software market expansion. Connectivity is increasingly becoming a focal point within the Component segment, ensuring uninterrupted communication between devices.

Given the complexity and scale of IoT networks, robust connectivity options such as cellular, satellite, and wireless communications are essential for enabling real-time data transfer and device interoperability. The expanding adoption of 5G technology further enhances this connectivity, allowing for more devices to be interconnected with reduced latency and greater bandwidth, thus paving the way for more advanced IoT applications across industries. Lastly, Services include a range of important offerings such as maintenance, support, and security solutions essential for sustaining and protecting IoT environments.

With the rising concerns around data privacy and cybersecurity, the demand for comprehensive service solutions is amplified, thus ensuring that IoT systems are not only operational but also secure against cyber threats. The importance of effective Services cannot be overstated, as they play a crucial role in instilling confidence in IoT technology among businesses and consumers alike. The intersection of these components drives meaningful advancements in the US Internet of Everything Market, shaping a dynamic landscape that fosters innovation and enhances communication across sectors.

Overall, the Component segment is pivotal in the broader context of market growth, with each aspect contributing uniquely to the development and sustainability of the Internet of Everything ecosystem. As the US continues to embrace digital transformation, the focus on these components will intensify, further solidifying their importance in driving the economy forward through enhanced connectivity and efficiency.

Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

### **Internet of Everything Market End User Industry Insights**

The US Internet of Everything Market within the End User Industry showcases a dynamic landscape marked by transformative potential across various sectors. Manufacturing plays a crucial role, leveraging IoT technologies to streamline operations, enhance productivity, and minimize downtime. Transportation is also significant, using connected devices for real-time traffic management and fleet tracking, contributing to improved logistical efficiencies. The healthcare sector increasingly adopts IoT solutions for remote patient monitoring and managing healthcare resources, thus elevating the quality of care and operational efficiency.

Retail harnesses these technologies for enhanced customer experiences through personalized shopping and inventory management, while Energy and Utilities focus on smart grid implementations and resource management, driving sustainability initiatives. Additionally, the Residential space is witnessing rapid growth through the adoption of smart home devices that improve living standards and convenience. Government agencies are using IoT for smarter urban planning and public safety measures.

The BFSI sector is transforming customer interactions and risk management through data analytics and secure transactions powered by IoT infrastructure.Each of these sectors plays a pivotal role in exemplifying how interconnected devices can drive efficiency, safety, and enhanced user experiences. As the landscape continues to evolve, opportunities emerge from innovation and strategic investments, driving the growth of the US Internet of Everything Market and its diverse applications.

## **US Internet of Everything Market Key Players and Competitive Insights:**

The US Internet of Everything Market is characterized by rapid technological advancements and a dynamic competitive landscape, where companies aim to capitalize on the convergence of big data, artificial intelligence, and connected devices. As industries undergo digital transformation, organizations are increasingly seeking innovative solutions that can enhance operational efficiencies, facilitate real-time insights, and drive value creation. Companies operating in this market are tasked with not only developing advanced IoT solutions but also ensuring interoperability across various platforms, addressing security challenges, and adhering to evolving regulatory standards.

The competition is intensifying as players leverage partnerships, mergers, and acquisitions to build comprehensive IoT ecosystems and expand their market reach.SAP has established a strong presence in the US Internet of Everything Market, excelling in providing enterprise software solutions that enhance business processes across various sectors. The company’s strengths lie in its ability to integrate IoT capabilities within its existing platforms, allowing clients to harness real-time data for better decision-making. SAP’s robust cloud infrastructure and emphasis on security and scalability have positioned it favorably among enterprises looking for reliable IoT solutions.

Additionally, the company has invested heavily in research and development, continuously innovating to meet the unique needs of its customers in the US. This commitment to fostering strategic partnerships has further amplified SAP’s competitive advantage, enabling it to maintain a significant share in the evolving IoT landscape. Hewlett Packard Enterprise is equally prominent in the US Internet of Everything Market, providing comprehensive solutions that encompass edge computing, networking hardware, and analytics tailored for IoT applications.

The company's strengths are evident in its ability to deliver end-to-end solutions that are both flexible and secure, catering to various industries looking to capitalize on connected technology. Hewlett Packard Enterprise's strong market presence is bolstered by its innovative products and services, including IoT platform solutions that facilitate seamless data integration and management. The company's strategic mergers and acquisitions have further enhanced its capabilities and expanded its portfolio, ensuring its competitiveness in a rapidly evolving environment.

Focused on meeting the demands of US enterprises, Hewlett Packard Enterprise continues to adapt and innovate, striving to provide solutions that empower organizations to thrive in the complex landscape of the Internet of Everything.

### **Key Companies in the US Internet of Everything Market Include:**

## **US Internet of Everything Market Industry Developments**

The US Internet of Everything Market is witnessing significant developments, particularly with key players such as SAP, Hewlett Packard Enterprise, and Oracle leading various initiatives. In September 2023, Honeywell announced an expansion of its IoT capabilities, enhancing its software offerings for industrial applications, which aligns with ongoing demand for smart manufacturing solutions. Recent partnerships have emerged, notably between Microsoft and Qualcomm to improve IoT connectivity, reflecting a growing trend toward collaboration in the sector. Additionally, in August 2022, Cisco Systems completed its acquisition of Acacia Communications, enhancing its optical technologies for better connectivity in IoT deployments.

Market demand continues to grow, with valuations from firms like IBM and Amazon Web Services showing an increasing focus on cloud integration for IoT solutions. Major happenings over the last two years include initiatives from General Electric to advance its digital industrial strategy and Rockwell Automation's push towards AI integration in manufacturing processes. The evolution of regulations around data security and privacy also significantly impacts the adoption of IoT technologies in the US, shaping the landscape of industrial and consumer applications.

**US Internet of Everything Market Segmentation**

## Market Drivers

### Expansion of Smart City Initiatives

The development of smart city initiatives is significantly influencing the internet of-everything market. Cities across the US are investing in IoT technologies to enhance urban living conditions, improve public services, and promote sustainability. For instance, the US government has allocated substantial funding for smart infrastructure projects, with estimates suggesting investments could exceed $100 billion by 2025. These initiatives encompass smart transportation systems, energy-efficient buildings, and enhanced public safety measures. As cities adopt interconnected systems, the demand for IoT solutions is expected to rise, thereby driving the internet of-everything market. This trend not only fosters economic growth but also enhances the quality of life for residents.

### Rising Demand for Automation Solutions

The internet of-everything market is experiencing a notable surge in demand for automation solutions across various sectors. Industries such as manufacturing, healthcare, and logistics are increasingly adopting automated systems to enhance operational efficiency. According to recent data, the automation market in the US is projected to reach approximately $200 billion by 2026, indicating a robust growth trajectory. This trend is driven by the need for improved productivity and reduced operational costs. As organizations seek to streamline processes, the integration of IoT devices and systems becomes essential, thereby propelling the internet of-everything market forward. Furthermore, the convergence of AI and IoT technologies is likely to create innovative automation solutions, further stimulating market growth.

### Advancements in Connectivity Technologies

The evolution of connectivity technologies is a critical driver of the internet of-everything market. The rollout of 5G networks across the US is expected to enhance the performance and reliability of IoT devices, facilitating real-time data transmission and communication. This advancement is likely to support a wide range of applications, from autonomous vehicles to smart healthcare solutions. Market Research Future suggest that the 5G market could reach $300 billion by 2025, underscoring the potential impact on the internet of-everything market. As connectivity improves, the adoption of IoT devices is expected to accelerate, leading to increased market growth.

### Growing Investment in Cybersecurity Solutions

As the internet of-everything market expands, the need for robust cybersecurity measures becomes increasingly paramount. With the proliferation of connected devices, vulnerabilities to cyber threats are on the rise. Organizations are investing heavily in cybersecurity solutions to protect sensitive data and maintain consumer trust. Recent estimates indicate that the cybersecurity market in the US could surpass $200 billion by 2025, reflecting the urgency of addressing these challenges. This trend is likely to drive the development of advanced security protocols and technologies tailored for IoT environments, thereby fostering growth within the internet of-everything market. Enhanced security measures not only protect assets but also encourage further adoption of IoT technologies.

### Increased Focus on Environmental Sustainability

The internet of-everything market is increasingly shaped by a growing emphasis on environmental sustainability. Organizations are recognizing the potential of IoT technologies to monitor and reduce their carbon footprints. For example, smart energy management systems can optimize energy consumption, leading to significant cost savings and reduced emissions. Recent studies indicate that implementing IoT solutions in energy management could lead to a reduction of up to 30% in energy costs for businesses. As regulatory pressures and consumer expectations regarding sustainability intensify, companies are likely to invest in IoT solutions that align with their environmental goals, thereby propelling the internet of-everything market.

## Future Outlook

The [Internet of Everything Market](https://www.marketresearchfuture.com/reports/internet-of-everything-market-6841) is projected to grow at a 28.89% CAGR from 2025 to 2035, driven by advancements in AI, connectivity, and data analytics.

**New opportunities:**

- Development of smart city infrastructure solutions
- Integration of IoT in supply chain management
- Creation of personalized health monitoring systems

By 2035, the market is expected to achieve substantial growth, driven by innovative applications and increased connectivity.

## Segment Insights

### By End-User: Manufacturing (Largest) vs. Healthcare (Fastest-Growing)

In the US internet of-everything market, the manufacturing sector holds the largest share, reflecting its critical role in driving technology integration and automation. This segment benefits from robust demand for IoT solutions that enhance operational efficiency, reduce downtime, and provide real-time analytics. Meanwhile, the healthcare sector has emerged as the fastest-growing segment, showcasing a significant need for IoT applications in patient monitoring, telehealth, and medical asset management, thereby improving patient outcomes and streamlined operations.

The growth trends in these segments are driven by increasing investments in smart technologies and investments in digital transformation initiatives. Manufacturing is being revolutionized by smart factories, utilizing IoT to optimize production processes. Conversely, the healthcare industry is rapidly adopting IoT solutions to address challenges like rising healthcare costs, the need for enhanced patient care, and better data management, thus paving the way for innovative healthcare delivery solutions.

Manufacturing: (Dominant) vs. Healthcare (Emerging)

The manufacturing segment in the US internet of everything market stands as a dominant force. It integrates IoT technologies to achieve higher efficiency and productivity while minimizing operational costs. This sector leverages IoT solutions for predictive maintenance, supply chain management, and equipment monitoring, significantly reducing waste and streamlining processes. On the other hand, the healthcare sector represents an emerging segment, rapidly adopting IoT technologies to revolutionize patient care and management. The emphasis on health tracking wearables, remote patient monitoring systems, and smart hospital solutions is driving this segment's growth. Both segments are crucial, with manufacturing focusing on process improvement and efficiency, while healthcare is dedicated to enhancing service delivery and patient outcomes.

### By Component Type: Hardware (Largest) vs. Services (Fastest-Growing)

The market share of the segment values in the US internet of-everything market showcases hardware as the largest segment, holding a significant portion of the market due to its essential role in various IoT applications. Software/platform follows closely, driven by demand for robust solutions that enable data analysis and integration across devices. Connectivity solutions also maintain a crucial presence, facilitating seamless interactions among diverse IoT systems. Services, though smaller, are rapidly gaining traction as businesses increasingly seek expert guidance to implement and optimize their IoT strategies.

Growth trends in the component type segment indicate a robust expansion, particularly in services, which are becoming the fastest-growing component. The need for customization and complex integrations boosts demand for tailored service offerings. Furthermore, advancements in hardware technology and the proliferation of data analytics platforms create opportunities for software and connectivity segments. The dynamic nature of consumer demands drives businesses to continuously innovate, ensuring that services and platforms remain aligned with market needs.

Hardware (Dominant) vs. Services (Emerging)

Hardware is the dominant component in the US internet of-everything market, offering a range of physical devices necessary for IoT implementations, such as sensors, actuators, and gateways. This segment benefits from ongoing technological advancements and a growing reliance on IoT solutions across various industries. On the other hand, services represent an emerging segment characterized by a shift towards comprehensive support and consultancy for businesses looking to adopt IoT technology. This includes installation, management, and maintenance of IoT systems, which are essential for maximizing the potential of connectivity and software platforms. As enterprises increasingly recognize the value of specialized service providers, this segment is becoming pivotal in driving effective IoT deployments.

## Competitive Benchmarking

The internet of-everything market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for interconnected devices. Major players such as Cisco Systems (US), IBM (US), and Microsoft (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Cisco Systems (US) focuses on innovation through its robust networking solutions, while IBM (US) emphasizes its cloud and AI capabilities to facilitate digital transformation. Microsoft (US) leverages its extensive software ecosystem to integrate IoT solutions, thereby shaping a competitive environment that is increasingly reliant on technological integration and strategic partnerships.Key business tactics within this market include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The competitive structure appears moderately fragmented, with a mix of established players and emerging startups. This fragmentation allows for diverse offerings, yet the collective influence of key players like General Electric (US) and Honeywell (US) is significant, as they drive innovation and set industry standards.

In October  Cisco Systems (US) announced a strategic partnership with a leading telecommunications provider to enhance its IoT security solutions. This collaboration aims to address growing concerns over cybersecurity in interconnected devices, indicating Cisco's commitment to fortifying its market position through enhanced security measures. Such initiatives are likely to resonate well with enterprises seeking reliable IoT solutions, thereby reinforcing Cisco's competitive edge.

In September  IBM (US) unveiled a new AI-driven analytics platform designed specifically for IoT applications. This platform is expected to streamline data processing and provide actionable insights for businesses, thereby enhancing operational efficiency. The introduction of this platform underscores IBM's focus on integrating AI with IoT, positioning the company as a leader in the digital transformation space.

In August  Microsoft (US) expanded its Azure IoT services by launching a new suite of tools aimed at simplifying device management and data integration. This expansion reflects Microsoft's strategy to enhance its cloud offerings, making it easier for businesses to adopt IoT technologies. By providing comprehensive solutions, Microsoft is likely to attract a broader customer base, further solidifying its presence in the market.

As of November  current competitive trends indicate a strong emphasis on digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, as companies recognize the need for collaboration to drive innovation. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future differentiation will hinge on the ability to innovate and adapt to evolving market demands.

## Recent News & Developments

The US Internet of Everything Market is witnessing significant developments, particularly with key players such as SAP, Hewlett Packard Enterprise, and Oracle leading various initiatives. In September 2023, Honeywell announced an expansion of its IoT capabilities, enhancing its software offerings for industrial applications, which aligns with ongoing demand for smart manufacturing solutions. Recent partnerships have emerged, notably between Microsoft and Qualcomm to improve IoT connectivity, reflecting a growing trend toward collaboration in the sector. Additionally, in August 2022, Cisco Systems completed its acquisition of Acacia Communications, enhancing its optical technologies for better connectivity in IoT deployments.

Market demand continues to grow, with valuations from firms like IBM and Amazon Web Services showing an increasing focus on cloud integration for IoT solutions. Major happenings over the last two years include initiatives from General Electric to advance its digital industrial strategy and Rockwell Automation's push towards AI integration in manufacturing processes. The evolution of regulations around data security and privacy also significantly impacts the adoption of IoT technologies in the US, shaping the landscape of industrial and consumer applications.

## Report Scope

| MARKET SIZE 2024 | 101.19(USD Billion) |
| --- | --- |
| MARKET SIZE 2025 | 130.42(USD Billion) |
| MARKET SIZE 2035 | 1650.32(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 28.89% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Cisco Systems (US), IBM (US), General Electric (US), Intel (US), Microsoft (US), Siemens (DE), Oracle (US), SAP (DE), Honeywell (US) |
| Segments Covered | End-User, Component Type |
| Key Market Opportunities | Integration of advanced analytics and AI in the internet of-everything market enhances operational efficiency and decision-making. |
| Key Market Dynamics | Rapid technological advancements drive competitive forces and consumer adoption in the internet of-everything market. |
| Countries Covered | US |

## Frequently Asked Questions

**Q: What is the current valuation of the US internet of-everything market?**
A: The market valuation was $101.19 Billion in 2024.

**Q: What is the projected market valuation for the US internet of-everything market by 2035?**
A: The market is projected to reach $1650.32 Billion by 2035.

**Q: What is the expected CAGR for the US internet of-everything market during the forecast period 2025 - 2035?**
A: The expected CAGR is 28.89% during the forecast period.

**Q: Which segment had the highest valuation in the US internet of-everything market in 2024?**
A: Healthcare had the highest valuation at $15.0 Billion in 2024.

**Q: What is the valuation of the manufacturing segment in the US internet of-everything market?**
A: The manufacturing segment was valued at $10.12 Billion in 2024.

**Q: How much is the transportation segment valued at in the US internet of-everything market?**
A: The transportation segment was valued at $8.5 Billion in 2024.

**Q: What are the key components of the US internet of-everything market?**
A: Key components include hardware ($30.0 Billion), software/platform ($25.0 Billion), connectivity ($20.0 Billion), and services ($26.19 Billion) as of 2024.

**Q: Which company is a leading player in the US internet of-everything market?**
A: Cisco Systems is one of the leading players in the market.

**Q: What is the valuation of the energy and utilities segment in the US internet of-everything market?**
A: The energy and utilities segment was valued at $9.0 Billion in 2024.

**Q: What is the valuation of the government segment in the US internet of-everything market?**
A: The government segment was valued at $5.0 Billion in 2024.


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