IMARC Group’s latest research report, titled “IoT Monetization Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global IoT monetization market reached a value of US$ 194.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,548.00 Billion by 2027, exhibiting a CAGR of 38.80% during 2022-2027.
Internet of things (IoT) monetization represents a process of generating revenue by securing and procuring data from IoT-connected devices. It helps companies in gaining an advantage over competitors by using their data effectively. IoT monetization also aids in-depth analysis of data to streamline output, reduce unnecessary expenditures, utilize the positive byproducts to minimize wastes, etc. Apart from this, it also offers several other advantages, such as higher efficiency, improved reengineer operations, new market reach, etc. As a result, IoT monetization finds extensive applications across various sectors, including retail, information technology (IT), manufacturing, transportation, telecommunication, healthcare, banking, financial services and insurance (BFSI), energy, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by component, business function, deployment mode, organization size, industry vertical and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for IoT Monetization Market
- Strategies of major players and product offerings
The rising focus on developing smart cities and the emerging trend of connected cars are primarily driving the IoT monetization market. In addition to this, the growing usage of IoT solutions in the agriculture industry to obtain data via sensors that monitor storage areas and livestock and track vehicles and field observations is further catalyzing the market growth. Moreover, the increasing utilization of IoT in public transport to control traffic levels and the escalating demand for real-time mapping systems to inform commuters about traffic densities are also augmenting the global market. Apart from this, the elevating adoption of cloud platforms by organizations to securely store their data is anticipated to stimulate the IoT monetization market over the forecasted period.
Key Players Included in Global Research Report:
- Cisco Systems Inc.
- CSG Systems International Inc.
- General Electric Company
- Infosys Limited
- International Business Machines Corporation
- Microsoft Corporation
- Nokia Corporation
- Oracle Corporation
- PTC Inc.
- Samsung Electronics Co. Ltd.
- Tata Consultancy Services Limited
- Telefonaktiebolaget LM Ericsson
- Thales Group.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Breakup by Component:
Breakup by Business Function:
- Marketing and Sales
- Supply Chain
The Breakup by Deployment Mode:
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Industry Vertical:
- IT and Telecom
- Transportation and Logistics
- Energy and Utilities
The Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the IoT Monetization Market Research Report:
- Scope and Methodology
- Executive Summary
- Global IoT Monetization Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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