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IoT Monetization Market with Key Players Amdocs, IBM Corporation, Ericsson, SAP SE, Oracle

04-01-2019 05:50 PM CET | IT, New Media & Software

Press release from: Allied Market Research

IoT Monetization Market with Key Players Amdocs, IBM

Growing inclination for smart cities and connected cars, increasing adoption of IoT monetization in agriculture, and rising adoption of smart devices such as tablets and smartphones would drive the growth of the global IoT monetization market.

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The global IoT Monetization market generated $44.19 billion in 2017, and is expected to reach $1,361.39 billion by 2025, growing at a CAGR of 53.6% from 2018 to 2025.

Upsurge in the number of smart cities projected and connected cars, increase in adoption of IoT monetization in agriculture, and significant adoption of smart devices such as tablets and smartphones drive the growth of the market. However, lack of IoT standards across platforms and rise in privacy as well as security concerns restrain the market growth. Conversely, growing investments in the IoT monetization market create new opportunities for the growth of the market.

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Solutions segment to remain dominant, services to grow the fastest through 2025

The solution segment held the largest market share of 68.5% in 2017 and is expected to remain dominant throughout the forecast period. This is attributed to the increased use of IoT monetization solutions among organizations. However, the services segment would grow at the highest CAGR of 55.3% from 2018 to 2025, owing to the growing adoption of cloud-based IoT monetization service among small and medium enterprises.

North America to maintain its lead, Asia-Pacific to be the fastest growing segment through 2025

North America contributed 42.0% of the total market share in 2017 and is expected to maintain its lion's share during the forecast period. This is due to stringent regulations by governments in countries such as China and Japan and strict compliance to safety rules. However, Asia-Pacific would emerge as the fastest CAGR of 57.1% from 2018 to 2025 due to the growing penetration of IoT in the automotive and transportation industries in the region.

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Industry Frontrunners

The leading market players analyzed 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. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

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.

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