U.S. IoT Market: Riding the Wave of Booming Regional Demand
The U.S. Internet of Things (IoT) market was valued at US$ 56.26 billion in 2023 and is expected to reach US$ 63.24 billion in 2024. During the assessment period (2024 to 2033), the market is projected to expand rapidly at a CAGR of 15.6% to climb to US$ 270.28 billion by the end of 2033.
The Internet of Things (IoT) is a network of mobile devices, computing devices, and other physical objects that are integrated with software, sensors, and network connectivity, enabling data collection and sharing between them and other systems over the Internet.