Top-end investments in IoT projects have paved the way for a number of lucrative opportunities in the segment. The growing number of smart cities, mounting growth in digitalization and increasing adoption of IoT monetization in Agriculture have helped the market grow beyond the bars.Â
Key market players such as – IBM Corporation, SAP SE, Oracle, General Electric Co., Cisco Systems, Inc., Amdocs, ARIA SYSTEMS, INC., Intel Corp., Gemalto NV, and Ericsson.
The global IoT monetization market was estimated at $44.19 billion in 2017 and is expected to hit $1,361.3 billion by 2025, registering a CAGR of 53.6% from 2018-2025.
The report states an extensive analysis of the market scope, top investment factors, top-winning strategies, growth factors, opportunities and market size & forecast. By component, the solution segment contributed to more than two-thirds of the total market and is expected to maintain its leadership status throughout the forecast period. The rise in use of service platforms to monetize IoT data has rocketed the growth.
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By organization size, large enterprises dominate the market and accounted for three-fifths of the total market in 2017. The fact that the adoption of IoT monetization tools has become an integral part of these large-scale organizations to sustain in the competitive market has made the segment hold the major market share. By Industry vertical, the manufacturing sector held more than one-fourth of the total market and has come out to be the largest shareholder in the segment.
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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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