Global IoT Monetization Market is Estimated to Reach USD 3.5 Billion by 2032 due to Growing Investment in IoT Technology by Market Leaders

MRFR Press Release/- Market Research Future published a half-cooked research report on IoT Monetization Market. The Global IoT Monetization Market is expected to grow over the CAGR of around 30.64% during the period 2024 - 2032 and expected to grow at market size of USD 3.5 Billion in 2032.

Market Highlights

The Global IoT Monetization market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.

In February 2016, Amdocs, Inc. has developed IoT monetization platform to enable service provider in increasing the potential of their IoT services. With this platform, service providers can easily onboard the enterprises and OEM manufacturers to produce bill of consumer purchased IoT devices. Other major market players such as Microsoft Corporation, Intel Corporation, PTC, Inc., SAP SE and others has been also investing and developing IoT monetization tools & solutions which thereby is fuelling the market growth.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global IoT Monetization Market Research Report -Forecast to 2032.

IoT Monetization Market:

The IoT Monetization can be segmented into deployment and end-users. Deployment of IoT Monetization can be done on-cloud and on-premise methods. End-user segment is categorized into healthcare, automotive, agriculture, consumer electronics and retail among others.

The major participants of this market are Google Inc. (U.S.), Amdocs, Inc. (U.S.), Cisco systems, Inc. (U.S.), Microsoft Corporation (U.S.), SAP SE (Germany), General Electric Corporation (U.S.), Intel Corporation (U.S.), Facebook Inc. (U.S.), Apple Inc. (U.S.), PTC, Inc. (U.S.) among others.

Market Research Analysis:

High penetration of smartphones in consumer market and high adoption of IoT technology in various end user sectors including healthcare, automotive, retail and others, is generating high revenue for IoT device manufacturers. The capability of IoT monetization in providing scalable, open & real-time data analytics and agile architectural features to the companies is supporting the IoT monetization market growth. As the growing adoption of IoT devices is continuously creating opportunities for companies to track and record consumer involvement in the offered IoT enabled products & services which is thereby supporting to estimating and analyzing monetization of the companies. Among regions, North America is expected to dominate the market and Asia-pacific is expected to be the fastest growing region in IoT monetization market. Increasing digitization and growing investment in cloud based technology by small & medium enterprises is the major reason for the incremental growth of IoT monetization in the Asia-Pacific region.

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