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North America Internet of Things Analytics Market Size, Share & Trends Analysis Report By Component, By End Use, By Organization Size, By Deployment, By Type, By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 172 Pages
  • October 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6025583
The North America Internet of Things Analytics Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $56.74 billion 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.

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.

Market Report Segmentation

By Component

  • Solutions
  • Services

By End Use

  • Manufacturing
  • Energy & Utilities
  • Retail & E-commerce
  • Healthcare & Life Sciences
  • Transportation & Logistics
  • IT & Telecom
  • Other End Use

By Organization Size

  • Large Enterprises
  • SMEs

By Deployment

  • Cloud
  • On-Premise

By Type

  • Predictive Analytics
  • Descriptive Analytics
  • Prescriptive Analytics
  • Diagnostic Analytics

By Application

  • Predictive Maintenance
  • Energy Management
  • Asset Management
  • Remote Monitoring
  • Inventory Management
  • Other Applications

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

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

Companies Mentioned

  • 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.

Methodology

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