Market Research Report
Global IoT Monetization Market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||825155|
Delivery time: 2-3 business days
|Global IoT Monetization Market Research and Forecast, 2019-2025|
|Published: April 18, 2019||Content info:||
Global IoT Monetization Market Size, Share & Trends Analysis Report by Application (Automotive and Transportation, Building and Home Automation, Consumer Electronics, Healthcare, Agriculture, and Others), and Forecasts, 2019 - 2025
Global IoT monetization market is expected to witness lucrative growth over the forecast period 2019-2025. The acceptance of IoT has been rapid in recent years, which has given a platform to various companies to generate revenues by making use of data or information stored on IoT devices. This is termed as IoT monetization. Major factors that are boosting the market growth are increasing internet connectivity, surging use of smartphones and other connected devices, growing adoption of cloud platforms, and evolution of high-speed networking technologies. However, there are factors such as lack of power efficient devices and a dearth of common communication standards across platforms are creating hindrance to the market.
Surging smartphone and other connected devices users across the globe are one of the major driving forces for the market growth. The number of smartphones users are increasing on a day-to-day basis across the globe. For instance, as per the International Telecommunication Union, each year millions of mobile phones are subscribed in UK. Mobile cellular subscriptions in UK have grown to 79.1 million in 2017 from 78.6 million in 2013. In addition, France's mobile phone subscription has considerably risen from 99.1 per 100 inhabitants in 2013 to 106.2 per 100 inhabitants in 2017. Off all these mobile subscriptions, the majority are smartphone subscriptions. Such increasing smartphone subscription across the globe are enabling the companies to gather tons of data or information about the user. Using these data or information, companies are generating revenues and contributing to market growth.
Global IoT monetization market consists of several market players that are offering services to cater a wide range of customers across the globe. Key market players include IBM Corp., Intel Corp., Oracle Corp., Microsoft Corp., Telefonaktiebolaget LM Ericsson, and Google, Inc. Some other players in the market include Amdocs Ltd., Cisco Systems, Inc., Tata Consultancy Services Ltd., and General Electric Co. These players adopt various strategies in order to stay competitive in the market. Major strategies adopted are mergers & acquisitions, product launch, partnerships and collaborations, and geographical expansion.
The market study of the global IoT monetization market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for system integrators, software vendors, IoT platform/middleware providers, third-party integration providers, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.