IoT Monetization Market: Global Industry Analysis and Forecast (2023-2029)

IoT Monetization Market was valued at US$ 101.8 Bn in 2022 and is expected to reach US$ 1,532.4 Bn in 2029. IoT Monetization Market size is expected to grow at a CAGR of 47.31 % through the forecast period.

IoT Monetization Market Overview:

Internet of things (IoT) monetization is a process that enables service providers to gain revenues from the data generated through IoT-connected devices. Internet-connected devices contribute to the faster and more convenient processing of data. It offers several advantages, such as higher efficiency, improved reengineer operations, and new market reach. As a result, IoT monetization finds extensive applications in retail, information, and technology (IT), telecommunication, manufacturing, transportation and logistics, healthcare, energy and utilities, and banking, financial services, and insurance (BFSI) sectors. When it comes to technology development, most of the components of the IoT stack are now quite advanced. There’s a wide spectrum of different connectivity technologies available, more than 500 IoT platforms in the market, and lots of development tools available. All that, coupled with the big drop in connectivity and hardware prices, has made connecting things and deploying IoT solutions much easier. The report explores the IoT Monetization Market segments (By Component, By Organization Size, By Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the IoT Monetization Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the IoT Monetization Market's contemporary competitive scenario.IoT Monetization MarketTo know about the Research Methodology :- Request Free Sample Report IoT Monetization Market Dynamics: The rising adoption of cloud platforms across various industries on the back of its ability to benefit the organizations to access data on cloud platforms from anywhere around the globe, and extract valuable and meaningful information is the key driver which boosts the growth of the market. The growing advancement in technology provides faster and more convenient processing of data which leads to hampering the growth of the IoT Monetization Market. The rise in high-speed internet connectivity and the increase in the number of connected devices around the globe leads to the growth of the market. Additionally, the sharp increase in smart city projects on the back of growing applications of integrated IoT resulted in a rise in market growth. Moreover, increased governmental support, for promoting digitalization to generate value-producing opportunities is boosting the IoT Monetization Market during the forecast period. The lack of universally accepted standards for the adoption of IoT devices is the restraining factor that hinders the growth of the IoT monetization market. Additionally, rising privacy concerns among the end-users and service providers on the account of increasing cases of data breaches are estimated to negatively affect the growth of the IoT monetization market over the forecast period. The IoT monetization market growth is hampered by factors such as lack of strategic decision-making and regulatory standards, privacy and security concerns, rigid solutions to IoT monetization, and unifying financial architecture. There has been a growth in IoT across various industries leading to its growth in privacy and information security concerns. There are possibilities of malicious threats that can attack the device and network, through which data is transferred at various levels. This major factor hampers the growth of the market. There are several companies facing security issues. For instance, smart home devices can be hacked and used against the user. However, the lack of common communication standards and the lack of power-efficient devices are restraining the market growth over the forecast period. A significant number of investments in the IoT monetization market is the main opportunity that resulted in the growth of the IoT Monetization Market. Significant government funding worldwide for R&D in the IoT monetization market is the second reason for gaining the opportunity for the growth of the IoT Monetization Market during the forecast period. Providing the security and privacy of the data collected is the biggest challenge for the growth of the IoT Monetization Market. The incompatible IT Infrastructure that cannot accommodate the growing volumes of sensor data is a significant factor that can obstruct market growth. Large volumes of sensor data from vastly distributed connected devices challenge organizations' conventional data storage and management capabilities.

COVID-19 Impact on IoT Monetization Market:

The COVID-19 pandemic has caused significant economic and social disruption. The pandemic harms the supply chain and value chain of numerous businesses. The IoT monetization market is not an exception. The impact of the COVID-19 pandemic will be analyzed based on the overall industry including both the demand side and supply side perspectives. The effects of the pandemic would be studied and analysed for short-term and long-term scenarios. This would assist to formulate business strategies for the period during the pandemic as well as the post-pandemic period for all stakeholders involved in the industry including suppliers, manufacturers, vendors, distributors, and end-users.

IoT Monetization Market Segment Analysis:

Based on Application, IoT Monetization Market The segment automotive & transportation dominates the market with the highest market share in the year 2022. As connected homes, and transport are used, this drives the growth of the IoT monetization market in smart cars and smart cities. A Smart car lets individuals heat up or cool down their cars before going for a drive. For instance, smart home technologies and energy consumption, are among the adopters of the Internet of Things, which will drive the rise in the smart cities initiatives in the market. These all factors lead to the growth of the IoT Monetization in the automotive & transportation segment. The rising adoption of IoT by automotive manufacturers, and growing intelligent transportation systems in North America and Europe are mainly driving the growth of the automotive & transportation segment. The Automotive & Transportation segment is followed by consumer electronics and healthcare. The demand for smart consumer electronics is expected to increase with its rising use in building smart offices, smart cities, and smart buildings. This resulted in market growth.

IoT Monetization Market Regional Insights:

Increasing adoption of new technologies such as fog computing, and edge computing and the presence of several IoT companies are boosting the North American market during the forecast period. North America is followed by APAC and Europe. APAC is expected to hold 25.87% of the market share at the end of the forecast period. The increasing use of IoT in industrial and automotive & transportation applications and the strong support of the government in countries such as China and India are mainly driving the market in this region. The increased adoption of IoT in major industries coupled with the presence of emerging economies of countries like India and China leads to the growth of the IoT Monetization Market in the Asia-Pacific region. The objective of the report is to present a comprehensive analysis of the IoT Monetization Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the IoT Monetization Market dynamic, and structure by analyzing the market segments and projecting the IoT Monetization Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the IoT Monetization Market make the report investor’s guide.

IoT Monetization Market Scope: Inquire before buying

Global IoT MonetizationMarket
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 101.8 Bn.
Forecast Period 2022 to 2029 CAGR: 47.31% Market Size in 2029: US $ 1,532.4 Bn.
Segments Covered: by Component Solutions Services
by Organization size Small Enterprises Medium Enterprises Large Enterprises
by Application Retail Healthcare Automotive & Transportation Industrial Building & Home Automation Agriculture Energy Consumer Electronics

IoT Monetization Market by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

IoT Monetization Market, Key Players are

1. PTC, Inc. 2. IBM Corp. 3. Intel Corp. 4. Cisco Systems, Inc. 5. General Electric Co. 6. Oracle Corp. 7. Google Inc. 8. Microsoft Corp. 9. SAP SE 10. Amdocs Ltd. 11. BM Corp. 12. Infosys Ltd 13. Tata Consultancy Services 14. Robert Bosch GmbH 15. Ericsson 16. Gemalto NV 17. ARIA SYSTEMS, INC. 18. Key Innovator Frequently Asked Questions: 1] What segments are covered in the Market report? Ans. The segments covered in the  Market report are based on Component, Organization Site and Application. 2] Which region is expected to hold the highest share in the Market? Ans. North America region is expected to hold the highest share in the  Market. 3] What is the market size of the IoT Monetization Market by 2029? Ans. The market size of the IoT Monetization Market by 2029 is expected to reach US$ 1,532.4 Bn. 4] What is the forecast period for the Market? Ans. The forecast period for the Market is 2023-2029. 5] What was the market size of the IoT Monetization Market in 2022? Ans. The market size of the IoT Monetization Market in 2022 was valued at US$ 101.8 Bn.
1. Global IoT Monetization Market: Research Methodology 2. Global IoT Monetization Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global IoT Monetization Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global IoT Monetization Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global IoT Monetization Market Segmentation 4.1. Global IoT Monetization Market, By Component (2022-2029) • Solutions • Services 4.2. Global IoT Monetization Market, By Application (2022-2029) • Retail • Healthcare • Automotive & Transportation • Industrial • Building & Home Automation • Agriculture • Energy • Consumer Electronics 4.3. Global IoT Monetization Market, By Organization Size (2022-2029) • Small Enterprises • Medium Enterprises • Large Enterprises 5. North America IoT Monetization Market (2022-2029) 5.1. North America IoT Monetization Market, By Component (2022-2029) • Solutions • Services 5.2. North America IoT Monetization Market, By Application (2022-2029) • Retail • Healthcare • Automotive & Transportation • Industrial • Building & Home Automation • Agriculture • Energy • Consumer Electronics 5.3. North America IoT Monetization Market, By Organization Size (2022-2029) • Small Enterprises • Medium Enterprises • Large Enterprises 5.4. North America IoT Monetization Market, by Country (2022-2029) • United States • Canada • Mexico 6. European IoT Monetization Market (2022-2029) 6.1. European IoT Monetization Market, By Component (2022-2029) 6.2. European IoT Monetization Market, By Application (2022-2029) 6.3. European IoT Monetization Market, By Organization Size (2022-2029) 6.4. European IoT Monetization Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific IoT Monetization Market (2022-2029) 7.1. Asia Pacific IoT Monetization Market, By Component (2022-2029) 7.2. Asia Pacific IoT Monetization Market, By Application (2022-2029) 7.3. Asia Pacific IoT Monetization Market, By Organization Size (2022-2029) 7.4. Asia Pacific IoT Monetization Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa IoT Monetization Market (2022-2029) 8.1. Middle East and Africa IoT Monetization Market, By Component (2022-2029) 8.2. Middle East and Africa IoT Monetization Market, By Application (2022-2029) 8.3. Middle East and Africa IoT Monetization Market, By Organization Size (2022-2029) 8.4. Middle East and Africa IoT Monetization Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America IoT Monetization Market (2022-2029) 9.1. South America IoT Monetization Market, By Component (2022-2029) 9.2. South America IoT Monetization Market, By Application (2022-2029) 9.3. South America IoT Monetization Market, By Organization Size (2022-2029) 9.4. South America IoT Monetization Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 PTC, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. IBM Corp. 10.3. Intel Corp. 10.4. Cisco Systems, Inc. 10.5. General Electric Co. 10.6. Oracle Corp. 10.7. Google Inc. 10.8. Microsoft Corp. 10.9. SAP SE 10.10. Amdocs Ltd. 10.11. BM Corp. 10.12. Infosys Ltd 10.13. Tata Consultancy Services 10.14. Robert Bosch GmbH 10.15. Ericsson 10.16. Gemalto NV 10.17. ARIA SYSTEMS, INC. 10.18. Key Innovator
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