IoT Monetization Market Outlook, Industry Analysis and Projection - Leading Players Analyzed Amdocs, Cisco, Microsoft, SAP SE, Intel, Facebook, Apple, PTC

IoT monetization is defined as the process of generating revenue from the IoT-enabled products and services. Owing to the growth in dependence of the users on the IoT-based products and solutions, the companies charge the users for some extra features or for the entire product as a service. For instance, automotive leader Audi AG generates revenue from its IoT-based solution Audi Connect.

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The growth in penetration of connected devices such as home automation products and increase in adoption of the cloud drive the market growth. However, factors such as poor internet connectivity in the underdeveloped and developing countries and comparatively less acceptance of IoT-based solutions in the emerging economies hinder the market growth. Moreover, rise in number of smart city and smart lighting projects is expected to provide lucrative growth opportunities to the market.

The report segments the IoT monetization market based on industry vertical and geography. By industry vertical, it is divided as healthcare, retail, IT & telecom, consumer electronics, automotive, utilities, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Dominating Market Profiled in the Report

•Amdocs Inc.
•Cisco Systems Inc.
•Microsoft Corporation
•SAP SE
•General Electric Corporation
•Intel Corporation
•Facebook Inc.
•Apple Inc.
• PTC Inc.

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