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PUBLISHER: IMARC | PRODUCT CODE: 1298677
PUBLISHER: IMARC | PRODUCT CODE: 1298677
IoT Monetization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global IoT monetization market size reached US$ 279 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,150 Billion by 2028, exhibiting a growth rate (CAGR) of 38% during 2023-2028.
Internet of things (IoT) monetization is a process of generating revenue by securing and obtaining data from IoT-connected devices. It assists companies in gaining an advantage over competitors by utilizing their data effectively. It also helps in-depth analysis of data to streamline output, reduce unnecessary expenditure, and utilize the positive byproducts to reduce waste. Apart from this, it offers several advantages, such as higher efficiency, improved reengineer operations, and new market reach. As a result, IoT monetization finds extensive applications in retail, information and technology (IT), telecommunication, manufacturing, transportation and logistics, healthcare, energy and utilities, and banking, financial services and insurance (BFSI) sectors.
IoT Monetization Market Trends:
At present, there is a rise in the development of smart cities and connected cars across the globe. This, along with the growing utilization of IoT in the agriculture industry to derive data via sensors that monitor livestock and storage areas and track vehicles and field observations, represents one of the key factors driving the market. Moreover, there is an increase in the adoption of IoT in public transport to control traffic more efficiently. This, coupled with the escalating demand for a real-time mapping system to inform commuters about traffic densities in different parts of a city, is stimulating the growth of the market. In addition, governments of several countries are undertaking initiatives to promote digitalization around the world. In line with this, the rising reliance on smartphones and internet connectivity is positively influencing the market. Besides this, the increasing adoption of cloud platforms by organizations to securely store their data is offering lucrative growth opportunities to market players. Other growth-inducing factors are the growing demand for enhanced home security and rapid technological advancements.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT monetization market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, business function, deployment mode, organization size and industry vertical.
Breakup by Component:
Solution
Services
Breakup by Business Function:
Marketing and Sales
IT
Finance
Supply Chain
Operations
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Organization Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by Industry Vertical:
BFSI
Retail
IT and Telecom
Manufacturing
Transportation and Logistics
Healthcare
Energy and Utilities
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amdocs, Cisco Systems Inc., CSG Systems International Inc., General Electric Company, Infosys Limited, International Business Machines Corporation, Microsoft Corporation, Nokia Corporation, Oracle Corporation, PTC Inc., Samsung Electronics Co. Ltd., Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson and Thales Group.
Key Questions Answered in This Report:
- How has the global IoT monetization market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global IoT monetization market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the business function?
- What is the breakup of the market based on the deployment mode?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global IoT monetization market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5247
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global IoT Monetization Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Solution
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Business Function
- 7.1 Marketing and Sales
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 IT
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Finance
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Supply Chain
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Operations
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Deployment Mode
- 8.1 On-premises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cloud-based
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Organization Size
- 9.1 Large Enterprises
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Small and Medium-sized Enterprises
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Industry Vertical
- 10.1 BFSI
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Retail
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 IT and Telecom
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Manufacturing
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Transportation and Logistics
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Healthcare
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7 Energy and Utilities
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
- 10.8 Others
- 10.8.1 Market Trends
- 10.8.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Amdocs
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 SWOT Analysis
- 16.3.2 Cisco Systems Inc.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 CSG Systems International Inc.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 General Electric Company
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Infosys Limited
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 International Business Machines Corporation
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 Microsoft Corporation
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8 Nokia Corporation
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 Oracle Corporation
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 PTC Inc.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 Samsung Electronics Co. Ltd.
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.12 Tata Consultancy Services Limited
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.13 Telefonaktiebolaget LM Ericsson
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio
- 16.3.14 Thales Group
- 16.3.14.1 Company Overview
- 16.3.14.2 Product Portfolio
- 16.3.1 Amdocs
Product Code: SR112023A5247
List of Figures
- Figure 1: Global: IoT Monetization Market: Major Drivers and Challenges
- Figure 2: Global: IoT Monetization Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: IoT Monetization Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: IoT Monetization Market: Breakup by Component (in %), 2022
- Figure 5: Global: IoT Monetization Market: Breakup by Business Function (in %), 2022
- Figure 6: Global: IoT Monetization Market: Breakup by Deployment Mode (in %), 2022
- Figure 7: Global: IoT Monetization Market: Breakup by Organization Size (in %), 2022
- Figure 8: Global: IoT Monetization Market: Breakup by Industry Vertical (in %), 2022
- Figure 9: Global: IoT Monetization Market: Breakup by Region (in %), 2022
- Figure 10: Global: IoT Monetization (Solution) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: IoT Monetization (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: IoT Monetization (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: IoT Monetization (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: IoT Monetization (Marketing and Sales) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: IoT Monetization (Marketing and Sales) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: IoT Monetization (IT) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: IoT Monetization (IT) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: IoT Monetization (Finance) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: IoT Monetization (Finance) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: IoT Monetization (Supply Chain) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: IoT Monetization (Supply Chain) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: IoT Monetization (Operations) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: IoT Monetization (Operations) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: IoT Monetization (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: IoT Monetization (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: IoT Monetization (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: IoT Monetization (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: IoT Monetization (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: IoT Monetization (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: IoT Monetization (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: IoT Monetization (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: IoT Monetization (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: IoT Monetization (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: IoT Monetization (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: IoT Monetization (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: IoT Monetization (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: IoT Monetization (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: IoT Monetization (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: IoT Monetization (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: IoT Monetization (Transportation and Logistics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: IoT Monetization (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: IoT Monetization (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: IoT Monetization (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: IoT Monetization (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: IoT Monetization (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Global: IoT Monetization (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Global: IoT Monetization (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: North America: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: North America: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: United States: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: United States: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Canada: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Canada: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Asia-Pacific: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Asia-Pacific: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: China: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: China: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Japan: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Japan: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: India: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: India: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: South Korea: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: South Korea: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Australia: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Australia: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Indonesia: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Indonesia: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Europe: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Europe: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Germany: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Germany: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: France: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: France: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: United Kingdom: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: United Kingdom: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Italy: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Italy: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Spain: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Spain: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Russia: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Russia: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Others: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Others: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Latin America: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Latin America: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Brazil: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Brazil: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Mexico: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Mexico: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Others: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 93: Others: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 94: Middle East and Africa: IoT Monetization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 95: Middle East and Africa: IoT Monetization Market: Breakup by Country (in %), 2022
- Figure 96: Middle East and Africa: IoT Monetization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 97: Global: IoT Monetization Industry: SWOT Analysis
- Figure 98: Global: IoT Monetization Industry: Value Chain Analysis
- Figure 99: Global: IoT Monetization Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: IoT Monetization Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: IoT Monetization Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: IoT Monetization Market Forecast: Breakup by Business Function (in Million US$), 2023-2028
- Table 4: Global: IoT Monetization Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
- Table 5: Global: IoT Monetization Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
- Table 6: Global: IoT Monetization Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 7: Global: IoT Monetization Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: IoT Monetization Market: Competitive Structure
- Table 9: Global: IoT Monetization Market: Key Players
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