Connected Machines Industry - Regional Scope
North America Market Statistics
The North America connected machines market is expected to dominate with a share of 35.2% by 2037, owing to rapid improvements in cloud technology, coupled with AI and 5G technology developments. The market has also benefited from substantial government initiatives supported by the U.S. Federal Communications Commission (FCC) and the National Telecommunications and Information Administration (NTIA). The government of Canada invested around $11.7 billion in scientific and technological innovations for FY 2023-24. The funding targets digital equality and technological advancement throughout diverse economic sectors.
The U.S. market is experiencing exponential growth due to the government’s support. The industry leadership of companies, including Microsoft, Google, and Apple, is driving continuous advancements in cloud computing features integrated with AI systems and expansive data storage capabilities. As per the 2022 report from the National Center for Science and Engineering, around 58% of firms in the information sector utilize cloud computing services, with digitalization present in more than 81% of these companies. The players are implementing scalable infrastructure, AI-powered solutions, and integration across various sectors.
APAC Market Forecasts
The Asia-Pacific connected machines market is expected to hold 25% of the total market share by 2037, owing to the initiatives by governments, as these programs encourage industrial automation and smart manufacturing. According to the Press Information Bureau, in January 2025, the digital economy generated 11.8% of India's national income in 2022-23 while producing around USD 400 billion in gross value added. The implementation of digital technologies in manufacturing and services is fueling the demand for connected machines in the region.
The market in China is expected to experience steady growth, attributed to the initiatives by the government to incorporate advanced technologies across the country. In 2023, the China Academy of Information and Communications Technology (CAICT) reported that 70% of large enterprises adopted connected machines, showing major industrial growth. The strong initiatives by the local government highlight the efforts to maintain a significant position in the industry, further propelling the market expansion.
