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IoT Monetization Market Forecast by Vertical Segment and Company Revenue Projection Update, 2018-2025

02-12-2020 06:54 PM CET | IT, New Media & Software

Press release from: Allied Market Research

IoT Monetization Market Forecast by Vertical Segment

The research offers detailed analysis on the industry dynamics, key investment pockets, major market segments, and top investment factors, and competitive landscape. According to the report, 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.

Access Full Summary: https://www.alliedmarketresearch.com/IoT-monetization-market

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.

Large enterprises segment to maintain lead, small & medium sized enterprises to portray fastest growth

The large enterprises segment contributed 60.7% of the total market share in 2017 and would maintain its dominance through 2025. This is on account of the high adoption of IoT monetization tools in large-scale organizations. However, the small & medium sized enterprises segment would grow at the fastest CAGR 54.5% from 2018 to 2025 due to the growing adoption of IoT monetization solutions and increasing inclination toward cloud-based IoT monetization tools.

Manufacturing segment to accrue lion's share, healthcare segment to exhibit fastest growth

The manufacturing segment generated the highest share of 28.2% in 2017 and is projected to continue this trend during the forecast period. This is due to the numerous benefits offered by IoT monetization solutions to the manufacturing industry, which include streamlined operations, reduced cost, improved customer acquisition and retention, and new sources of revenue from the insights generated by instrumented products and product development processes. However, the healthcare division is anticipated to grow at the fastest CAGR of 60.6% during the study period, due to the high adoption of IoT in the healthcare sector. The report also analyzes various industry verticals such as retail, IT & telecom, transportation & logistics, BFSI, energy & utilities, and others.

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Sales and marketing segment to retain top position, finance segment to witness fastest growth

Sales and marketing segment dominated the market in 2017, generating 36% of the total revenue. The segment is projected to maintain this trend through 2025 due to the growing adoption of IoT data to attract new customers as well as retain their existing database. However, the finance business function is estimated to grow at the highest CAGR of 57.1% through the forecast period, as it is in high demand in highly regulated industry verticals, such as BFSI, consumer goods and retail, and others where the companies use IoT monetization tools to analyze large amounts of data and create actionable insights.

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.

Industry Frontrunners:

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

Key questions answered in IoT Monetization Market research study:

o What is the market growth rate of IoT Monetization Market from 2019-2026?

o What will be the global market size of the market from 2019 to 2026?

o Who are the leading global players in the IoT Monetization Market?

o What are the current trends and predicted trends?

o What are the challenges faced in the IoT Monetization Market?

o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

o Which will be the anticipated growth rates for your own IoT Monetization Market economy altogether and also for every segment inside?

o Which will be the IoT Monetization Market application and types and forecast accompanied closely by producers?

o What are the conclusions of the IoT Monetization Market report?

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About Allied Market Research:

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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