The US industrial IoT market is projected to grow from USD 54.6 billion in 2023 to USD 114.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period.
The global industrial IoT market size was valued at USD 214.95 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 22.1% from 2023 to 2030.
The US held the largest share of the industrial IoT market in North America in 2022, owing to the presence of a large number of manufacturing units and the increasing adoption of industrial automation technologies.
The Industrial Internet Consortium (IIC) has released its State of the Industrial Internet of Things Study, which provides insights into the current state of the industrial IoT market and its future directions.
The leading states in the US industrial IoT market in 2023 are California, Texas, and New York, accounting for over 50% of the total market share.
The US industrial IoT market is driven by the increasing adoption of industrial automation technologies, the rising demand for predictive maintenance, and the growing need for operational efficiency.
The report provides an in-depth analysis of the US industrial IoT market, including market size, share, trends, and forecast, as well as the competitive landscape and key player profiles.
The IEEE Industrial Internet of Things (IIoT) community provides a platform for professionals to share knowledge, ideas, and experiences related to the development and deployment of industrial IoT technologies.