Market Highlights

Global IoT Monetization Market Insights was esteemed at USD 42.40 billion out of 2017 and is relied upon to arrive at USD 390 billion by 2023, at a CAGR of 43% during the gauge time frame. Main considerations, for example, expanding Internet network, expanded utilization of cell phones and other associated gadgets, and developing reception of cloud stages are the significant drivers for the IoT monetization market. Besides, ascend in number of savvy city and brilliant lighting projects are relied upon to give rewarding learning experiences to the market. Be that as it may, nonappearance of normal correspondence guidelines across stages and absence of force effective gadgets are the elements hampering the development of this market. As IoT reception keeps on expanding over the gauge years, new open doors will empower organizations to track and quantify clients use example of IoT items and administrations. Organizations hoping to create income from IoT should change the data from shrewd, associated items into administrations by offering the whole item as an assistance, or utilizing the item's information stream to draw in clients with extra administrations.

IoT monetization is characterized as the method involved with creating income from the IoT-empowered items like shrewd home, savvy apparatuses, cell phones, brilliant cameras and others. The developing interest for dependable energy-proficient frameworks and upgraded home security overall is powering the development of the IoT monetization market for building and home mechanization applications. For example, auto pioneer Audi AG creates income from its IoT-based arrangement Audi Connect. Shopper hardware is arising as a urgent application portion inferable from developing number of savvy apparatuses that can be associated with cell phones and the Internet. Additionally, IoT monetization market for modern applications is relied upon to develop at a dramatic rate during the gauge time frame. IoT is utilized to streamline creation processes and to screen the whole lifecycle of articles, from creation to unloading.

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Segmentation:

IoT Monetization Market Global Market - Segmentation

Segmentation by deployment: on-premise and cloud.

Segmentation by end-users: healthcare, automotive, agriculture, consumer electronics and retail and others.

Segmentation by region: North America, Europe, Asia-Pacific and rest of the world.

IoT Monetization Market Global Market - Regional Analysis

The regional analysis of IoT monetization market is studied for North America, Europe, Asia-Pacific and rest of the world. North America is expected to dominate the IoT monetization market owing to fast adoption of new technology and presence of several IoT companies in this region. Most of the IoT companies present in the US offer a variety of IoT devices for applications in automotive & transportation, industrial, retail, healthcare, consumer electronics, and other sectors.

Asia-Pacific is expected to be the fastest growing region for IoT monetization market owing increasing adoption of IoT technology in automotive and industrial sectors in the region. Also, growing trend of digitalization in the developing countries such as India & China is fuelling the growth of IoT monetization market.

Industry News

May 18, Streamr partners with Nokia and OSIsoft on IoT Data Sharing and Monetization

The blockchain-based data sharing platform Streamr, partnered with Nokia and OSIsoft. These partnerships are expected to build on Streamr’s real-time data marketplace, which would enable producers to connect with consumers via common interface.

July 17, Samsung Electronics Launches New Data Monetization Solution for IoT using Samsung ARTIK™ Cloud

Samsung Electronics Co. Ltd. launched Samsung ARTIK™ Cloud Monetization for the Internet of Things (IoT), a new service to monetize the data shared by IoT devices. With this unique data monetization model, device manufacturers can take advantage of Samsung ARTIK™ Cloud’s extensive interoperability features to generate new revenue streams and implement new business models, such as hardware as a service.

Feb 16, Amdocs unveiled IoT monetization platform for telcos

Customer experience solutions provider Amdocs launched IoT (Internet of Things) monetization platform that could help telecom service providers to unlock new revenue streams. This platform allows service providers to unleash the potential of consumer IoT by supporting multiple additional engagement models, such as white-label billing for the IoT provider, reselling IoT services direct to the consumer, or becoming an IoT services billing provider.

Feb 15, HP helps network operators monetize IoT

Hewlett-Packard announced its “Internet of Things” platform, which enables network operators to manage IoT sensors. This solution provides vertical applications on M2M devices, have the ability to analyze the collected data regarding the performance of these applications via a secure cloud infrastructure, and enable more opportunities for monetization of services in the area of IoT.

Key Players:

The prominent players in the IoT monetization market are - Google Inc. (US), Amdocs, Inc. (US), Cisco systems, Inc. (US), Microsoft Corporation (US), SAP SE (Germany), General Electric Corporation (US), Intel Corporation (US), Facebook Inc. (US), Apple Inc. (US), PTC, Inc. (US) and others, are profiled in Market Research Future analysis and are at the forefront of competition in the global IoT monetization market.

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IoT Monetization Market Information, by Deployment (On-Cloud, On-Premise), by End-User (Automotive, Healthcare, Agriculture, Retail, Consumer Electronics) - Forecast 2027

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