Global IoT Monetization Market by 2025 with Key Players Amdocs, IBM Corporation, Ericsson, SAP SE, Oracle, Gemalto NV, Cisco Systems

According to a recent report published by Allied Market Research, titled, 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.

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.

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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.

"The small and medium enterprises are expected to grow at the highest CAGR during the forecast period due to increasing adoption of IoT monetization solutions."

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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.

Top Key players:

Amdocs, IBM Corporation, Ericsson, SAP SE, Oracle, Gemalto NV, Cisco Systems, Inc., ARIA SYSTEMS, INC., Intel Corp., and General Electric Co.

IoT Monetization Market: https://www.alliedmarketresearch.com/press-release/IoT-monetization-market.html

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