North America Internet of Things Analytics Market Size, Share & Trends Analysis Report By Component (Solutions and Services), By End Use, By Organization Size, By Deployment, By Type, By Application, By Country and Growth Forecast, 2024 - 2031
The North America Internet of Things Analytics Market would witness market growth of 26.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Internet of Things Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $56,749.7 million by 2031. The Canada market is experiencing a CAGR of 27.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 27.6% during (2024 - 2031).
The Internet of Things (IoT) represents one of the most transformative trends in the digital landscape, enabling a network of interconnected devices that communicate and share data seamlessly. As IoT continues to expand across various industries, the need for IoT analytics has emerged as a crucial element for organizations seeking to harness the potential of their connected devices.
IoT analytics has numerous applications across numerous industries, leveraging data to enhance operational efficiency, improve customer satisfaction, and drive strategic decision-making. IoT analytics is pivotal in developing smart cities, where sensors and connected devices collect data on traffic patterns, energy usage, waste management, and public safety.
The rapid growth of the e-commerce sector in Canada is significantly boosting the internet of things analytics market as businesses increasingly rely on data-driven insights to optimize their operations. According to the International Trade Administration (ITA), e-commerce retail trade sales in Canada reached an impressive US$3.82 billion in December 2020, highlighting the sector’s robust performance. the rise of smart grids and connected energy systems in Mexico underscores the importance of IoT analytics in the overall energy landscape. With the implementation of smart meters and other IoT-enabled devices, utilities can gather comprehensive data on energy usage, facilitating demand response programs and allowing for better load balancing across the grid. In conclusion, the explosive growth of e-commerce in Canada and the rising energy sector in Mexico is driving the market's growth.
Based on Component, the market is segmented into Solutions and Services. Based on End Use, the market is segmented into Manufacturing, Energy & Utilities, Retail & E-commerce, Healthcare & Life Sciences, Transportation & Logistics, IT & Telecom, and Other End Use. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment, the market is segmented into Cloud and On-Premise. Based on Type, the market is segmented into Predictive Analytics, Descriptive Analytics, Prescriptive Analytics, and Diagnostic Analytics. Based on Application, the market is segmented into Predictive Maintenance, Energy Management, Asset Management, Remote Monitoring, Inventory Management, and Other Applications. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Accenture PLC
- Dell Technologies, Inc.
- Google LLC
- Hewlett Packard Enterprise Company
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Oracle Corporation
- PTC Inc.
- Salesforce, Inc.
- SAS Institute Inc.
By Component
- Solutions
- Services
- Manufacturing
- Energy & Utilities
- Retail & E-commerce
- Healthcare & Life Sciences
- Transportation & Logistics
- IT & Telecom
- Other End Use
- Large Enterprises
- SMEs
- Cloud
- On-Premise
- Predictive Analytics
- Descriptive Analytics
- Prescriptive Analytics
- Diagnostic Analytics
- Predictive Maintenance
- Energy Management
- Asset Management
- Remote Monitoring
- Inventory Management
- Other Applications
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Internet of Things Analytics Market, by Component
- 1.4.2 North America Internet of Things Analytics Market, by End Use
- 1.4.3 North America Internet of Things Analytics Market, by Organization Size
- 1.4.4 North America Internet of Things Analytics Market, by Deployment
- 1.4.5 North America Internet of Things Analytics Market, by Type
- 1.4.6 North America Internet of Things Analytics Market, by Application
- 1.4.7 North America Internet of Things Analytics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, May – 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Internet of Things Analytics Market by Component
- 5.1 North America Solutions Market by Region
- 5.2 North America Services Market by Region
- Chapter 6. North America Internet of Things Analytics Market by End Use
- 6.1 North America Manufacturing Market by Country
- 6.2 North America Energy & Utilities Market by Country
- 6.3 North America Retail & E-commerce Market by Country
- 6.4 North America Healthcare & Life Sciences Market by Country
- 6.5 North America Transportation & Logistics Market by Country
- 6.6 North America IT & Telecom Market by Country
- 6.7 North America Other End Use Market by Country
- Chapter 7. North America Internet of Things Analytics Market by Organization Size
- 7.1 North America Large Enterprises Market by Region
- 7.2 North America SMEs Market by Region
- Chapter 8. North America Internet of Things Analytics Market by Deployment
- 8.1 North America Cloud Market by Country
- 8.2 North America On-Premise Market by Country
- Chapter 9. North America Internet of Things Analytics Market by Type
- 9.1 North America Predictive Analytics Market by Country
- 9.2 North America Descriptive Analytics Market by Country
- 9.3 North America Prescriptive Analytics Market by Country
- 9.4 North America Diagnostic Analytics Market by Country
- Chapter 10. North America Internet of Things Analytics Market by Application
- 10.1 North America Predictive Maintenance Market by Country
- 10.2 North America Energy Management Market by Country
- 10.3 North America Asset Management Market by Country
- 10.4 North America Remote Monitoring Market by Country
- 10.5 North America Inventory Management Market by Country
- 10.6 North America Other Applications Market by Country
- Chapter 11. North America Internet of Things Analytics Market by Country
- 11.1 US Internet of Things Analytics Market
- 11.1.1 US Internet of Things Analytics Market by Component
- 11.1.2 US Internet of Things Analytics Market by End Use
- 11.1.3 US Internet of Things Analytics Market by Organization Size
- 11.1.4 US Internet of Things Analytics Market by Deployment
- 11.1.5 US Internet of Things Analytics Market by Type
- 11.1.6 US Internet of Things Analytics Market by Application
- 11.2 Canada Internet of Things Analytics Market
- 11.2.1 Canada Internet of Things Analytics Market by Component
- 11.2.2 Canada Internet of Things Analytics Market by End Use
- 11.2.3 Canada Internet of Things Analytics Market by Organization Size
- 11.2.4 Canada Internet of Things Analytics Market by Deployment
- 11.2.5 Canada Internet of Things Analytics Market by Type
- 11.2.6 Canada Internet of Things Analytics Market by Application
- 11.3 Mexico Internet of Things Analytics Market
- 11.3.1 Mexico Internet of Things Analytics Market by Component
- 11.3.2 Mexico Internet of Things Analytics Market by End Use
- 11.3.3 Mexico Internet of Things Analytics Market by Organization Size
- 11.3.4 Mexico Internet of Things Analytics Market by Deployment
- 11.3.5 Mexico Internet of Things Analytics Market by Type
- 11.3.6 Mexico Internet of Things Analytics Market by Application
- 11.4 Rest of North America Internet of Things Analytics Market
- 11.4.1 Rest of North America Internet of Things Analytics Market by Component
- 11.4.2 Rest of North America Internet of Things Analytics Market by End Use
- 11.4.3 Rest of North America Internet of Things Analytics Market by Organization Size
- 11.4.4 Rest of North America Internet of Things Analytics Market by Deployment
- 11.4.5 Rest of North America Internet of Things Analytics Market by Type
- 11.4.6 Rest of North America Internet of Things Analytics Market by Application
- Chapter 12. Company Profiles
- 12.1 Accenture PLC
- 12.1.1 Company Overview
- 12.1.2 Financial Analysis
- 12.1.3 Segmental Analysis
- 12.1.4 Research & Development Expenses
- 12.1.5 Recent strategies and developments:
- 12.1.5.1 Partnerships, Collaborations, and Agreements:
- 12.1.5.2 Product Launches and Product Expansions:
- 12.1.5.3 Acquisition and Mergers:
- 12.1.6 SWOT Analysis
- 12.2 Dell Technologies, Inc.
- 12.2.1 Company Overview
- 12.2.2 Financial Analysis
- 12.2.3 Segmental and Regional Analysis
- 12.2.4 Research & Development Expense
- 12.2.5 Recent strategies and developments:
- 12.2.5.1 Partnerships, Collaborations, and Agreements:
- 12.2.5.2 Product Launches and Product Expansions:
- 12.2.6 SWOT Analysis
- 12.3 Google LLC (Alphabet Inc.)
- 12.3.1 Company Overview
- 12.3.2 Financial Analysis
- 12.3.3 Segmental and Regional Analysis
- 12.3.4 Research & Development Expense
- 12.3.5 Recent strategies and developments:
- 12.3.5.1 Partnerships, Collaborations, and Agreements:
- 12.3.5.2 Acquisition and Mergers:
- 12.3.6 SWOT Analysis
- 12.4 Hewlett Packard Enterprise Company
- 12.4.1 Company Overview
- 12.4.2 Financial Analysis
- 12.4.3 Segmental and Regional Analysis
- 12.4.4 Research & Development Expense
- 12.4.5 Recent strategies and developments:
- 12.4.5.1 Partnerships, Collaborations, and Agreements:
- 12.4.5.2 Product Launches and Product Expansions:
- 12.4.5.3 Acquisition and Mergers:
- 12.4.6 SWOT Analysis
- 12.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 12.5.1 Company Overview
- 12.5.2 Financial Analysis
- 12.5.3 Segmental Analysis
- 12.5.4 Recent strategies and developments:
- 12.5.4.1 Partnerships, Collaborations, and Agreements:
- 12.5.4.2 Product Launches and Product Expansions:
- 12.5.5 SWOT Analysis
- 12.6 Microsoft Corporation
- 12.6.1 Company Overview
- 12.6.2 Financial Analysis
- 12.6.3 Segmental and Regional Analysis
- 12.6.4 Research & Development Expenses
- 12.6.5 Recent strategies and developments:
- 12.6.5.1 Partnerships, Collaborations, and Agreements:
- 12.6.5.2 Acquisition and Mergers:
- 12.6.6 SWOT Analysis
- 12.7 Oracle Corporation
- 12.7.1 Company Overview
- 12.7.2 Financial Analysis
- 12.7.3 Segmental and Regional Analysis
- 12.7.4 Research & Development Expense
- 12.7.5 Recent strategies and developments:
- 12.7.5.1 Partnerships, Collaborations, and Agreements:
- 12.7.6 SWOT Analysis
- 12.8 PTC, Inc.
- 12.8.1 Company Overview
- 12.8.2 Financial Analysis
- 12.8.3 Regional Analysis
- 12.8.4 Research & Development Expenses
- 12.8.5 Recent strategies and developments:
- 12.8.5.1 Partnerships, Collaborations, and Agreements:
- 12.8.5.2 Product Launches and Product Expansions:
- 12.8.6 SWOT Analysis
- 12.9 Salesforce, Inc.
- 12.9.1 Company Overview
- 12.9.2 Financial Analysis
- 12.9.3 Regional Analysis
- 12.9.4 Research & Development Expenses
- 12.9.5 Recent strategies and developments:
- 12.9.5.1 Partnerships, Collaborations, and Agreements:
- 12.9.5.2 Product Launches and Product Expansions:
- 12.9.6 SWOT Analysis
- 12.10. SAS Institute, Inc.
- 12.10.1 Company Overview
- 12.10.2 Recent strategies and developments:
- 12.10.2.1 Partnerships, Collaborations, and Agreements:
- 12.10.3 SWOT Analysis
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