IoT monetization is a process that generates revenue from IoT-enabled products and services. Owing to the growing dependence of the users on the IoT-based products and solutions, the companies charge the users for some extra features or for the entire product as a service.
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Rising adoption of cloud platforms, increasing internet connectivity, rising penetration of Industry 4.0, agriculture 2.0, and Logistics 4.0 the some of the major factors that drive the growth of the global IoT monetization market. Moreover, companies that want to generate revenue from IoT will need to convert the information from smart and connected products into services by using the product’s data stream to involve customers with additional services, or by offering the entire product as a service, which is expected to provide lucrative opportunities for the growth of the global IoT monetization market.
The global IoT monetization market is segmented based on component, organization size, industry vertical, business functions, and region.
In terms of component, the market is segmented into solutions and services.
On the basis of organization size, the market is segmented into large enterprises and small & medium sized enterprises.
Based on industry vertical, the market is divided into retail, IT & telecom, manufacturing, transportation & logistics, healthcare, BFSI, energy & utilities, and others.
On the basis of business function, the market is classified into marketing & sales, IT, finance, supply chain, and operations.
By region it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The global IoT monetization market is dominated by key players such as Amdocs, IBM Corporation, Ericsson, SAP SE, Oracle, Gemalto NV, Cisco Systems, Inc., ARIA SYSTEMS, INC., Intel Corp., and General Electric Co.
Key Benefits for IoT Monetization Market:
- The study presents an in-depth analysis of the global IoT monetization market along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the market is provided in this study.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global image recognition industry.
- The quantitative analysis of the global IoT monetization market from 2017 to 2025 is provided to determine the market potential.
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