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The U.S. Internet of Things (IoT) market was valued at US$ 56.26 billion in 2022 and is forecasted to surge at a CAGR of 15.6% and reach a market value of US$ 270.23 billion by the end of 2033. The cost of IoT hardware, sensors, and connectivity has been declining over the years, making it more accessible to smaller organizations with limited budgets. Cloud computing and software-as-a-service (SaaS) models have reduced the need for extensive infrastructure investments, enabling small and mid-sized businesses to implement IoT solutions more cost-effectively. The growth of the U.S. IoT market is also driven by the government’s initiatives to promote the adoption of IoT devices across various industries.