IoT Monetization Market Component, Insights, Industry Analysis and Key Players Such as Amdocs, IBM Corporation, Ericsson, SAP SE, Oracle, Gemalto NV, Cisco Systems, Inc., ARIA SYSTEMS, INC., Intel Corp., and General Electric Co

The global IoT monetization market was valued at $44,198 million in 2017 and is projected to reach $1,361,395 million by 2025, growing at a CAGR of 53.6% from 2018 to 2025.

Some of the key market players profiled in the report include Amdocs, IBM Corporation, Ericsson, SAP SE, Oracle, Gemalto NV, Cisco Systems, Inc., ARIA SYSTEMS, INC., Intel Corp., and General Electric Co.

The major factors increasing the demand of the global IoT monetization market include growing penetration of connected devices such as home automation products, increasing internet connectivity, growing adoption of smartphones and IoT enabled products among developing economies, and rising adoption of cloud platforms. However, lack of proper network and internet connectivity in the underdeveloped and developing countries is expected to hamper the growth of the global market.

Download report sample at: https://www.alliedmarketresearch.com/request-sample/4301?utm_source=as_opr

Based on component, the solution segment dominated the global IoT monetization market in 2017 and is expected to continue this trend during the forecast period due to increase in use of service platforms to monetize IoT data as cloud computing reduces the complexity by supporting IoT data blending.

In 2017, the manufacturing segment accounted for the highest share of the global IoT monetization market and is projected to remain dominant during the forecast period due to its increasing adoption by manufacturers to cut costs, boost productivity, and achieve new efficiencies. However, the healthcare segment is expected to witness the highest growth, as the use of IoT is expected to grow fastest in healthcare sector over the next five years, to the tune of $117 billion by 2020.

Rising market for smart cities and connected cars

The factor that drives the growth of the global IoT monetization market includes increase in adoption of IoT in public transport due to emergence of smart cities. Therefore, developers are looking at ways to create a platform that takes a large number of variables into account to control traffic more efficiently. This platform includes vehicles, people, traffic lights, weather, timing, and all the data that can have an impact on traffic to create an online system with public access. A real-time map will inform commuters of traffic densities in various parts of the city, allowing them to make better decisions about the route. Creating this kind of transport network will require immense amount of data transfer in real time and its analysis, which can be provided by IoT monetization.

For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4301?utm_source=as_opr

Growing adoption of IoT monetization in agriculture

Smart farming through the application of information and communication technologies that include IoT is expected to revolutionize the global agricultural landscape, making it more resource-efficient and productive. The agriculture industry and automation suppliers are exploring new opportunities by using IoT and digital solutions for improving yields, profitability, and farming practices. Also, IoT has wide scope in precision farming. The goal of precision farming is to generate data via sensors that monitor livestock, track vehicles, take field observations, and monitor storage areas. The Sensors can be mounted on animals that monitor their health. If an animal becomes sick, it can be quickly separated from the herd to prevent the spread of disease. Sensors can also monitor crop fields for signs of pest-infestation and weed growth, enabling farmers only to apply pesticides and herbicides in the required locations. Controllers can help farmers drive tractors remotely while drones can monitor large areas of cultivated land in a very short amount of time. Due to the emergence of IoT in the agriculture industry, the IoT monetization market size is expected to foresee numerous opportunities during the forecast period.

Access full summary report at: https://www.alliedmarketresearch.com/IoT-monetization-market?utm_source=as_opr

Key Findings of the IoT Monetization Market:

•By component, the services segment is expected to exhibit significant growth in the global IoT monetization market during the forecast period.
•In 2017, the solution segment accounted for the highest revenue in the component category.
•Based on industry vertical, the manufacturing segment generated the highest revenue in 2017.
•Based on organization size, large enterprises generated the highest revenue in 2017.
•Based on region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.