IoT monetization is defined as the process of generating revenue from the IoT-enabled products and services. Owing to the growth in 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. For instance, automotive leader Audi AG generates revenue from its IoT-based solution Audi Connect.
The growth in penetration of connected devices such as home automation products and increase in adoption of the cloud drive the market growth. However, factors such as poor internet connectivity in the underdeveloped and developing countries and comparatively less acceptance of IoT-based solutions in the emerging economies hinder the market growth. Moreover, rise in number of smart city and smart lighting projects is expected to provide lucrative growth opportunities to the market.
The report segments the IoT monetization market based on industry vertical and geography. By industry vertical, it is divided as healthcare, retail, IT & telecom, consumer electronics, automotive, utilities, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as Google Inc., Amdocs, Inc., Cisco systems, Inc., Microsoft Corporation, SAP SE, General Electric Corporation, Intel Corporation, Facebook Inc., Apple Inc., and PTC, Inc. are also provided in this report.
Key Benefits :
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global IoT monetization market.
- In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
- This study evaluating competitive landscape and value chain is taken into account to elucidate the competitive environment across the geographies.
- This report entails detailed quantitative analysis of the current market and estimations through 2016-2023, which assists in identifying the prevailing market opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
IoT Monetization Market Key Segments:
By Industry Verticals
- IT & Telecom
- Consumer Electronics
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Google Inc.
- Amdocs, Inc.
- Cisco systems, Inc.
- Microsoft Corporation
- SAP SE
- General Electric Corporation
- Intel Corporation
- Facebook Inc.
- Apple Inc.
- PTC, Inc.