The IoT monetization market is booming at US $ 433 billion at a CAGR of + 53% by the end of 2021-2028.
IoT devices generate large volumes of sensor data. For many organizations, the ability to capture, package, and sell this data offers a potential monetization model. Once this data is aggregated and anonymized, organizations can choose to sell it raw, extract information from it, or monetize it using advertisements.
Software monetization is a strategy employed by software vendors and device vendors to maximize the profitability of their software. Another way to achieve software monetization is through paid advertising and the various compensation methods available to software vendors.
Offering high profit services or additional features over regular / existing products is another good way to monetize IoT. It helps to strengthen the customer relationship, also allowing the company to generate regular income.
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- IBM Corp.
- Intel Corp.
- Cisco Systems Inc.
- PTC Inc.
- Societe Generale Électrique.
- Oracle Corp.
- Google Inc.
- Microsoft Corp.
- SAP SE
- Amdocs Ltd
- Infosys Ltd.
- Tata Consulting Services
Robert Bosch GmbH Report highlights:
- A comprehensive background analysis, which includes an assessment of the parent market
- Significant changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current and projected market size in terms of value and volume
- Reports and assessment of recent industry developments
- Market shares and strategies of the main players
- Emerging niche segments and regional markets
- An objective assessment of the market trajectory
- Recommendations for companies to strengthen their presence in the market
The report covers the major factors influencing the revenue scale of the IoT Monetization market and details about the growing demand in this area. The report then highlights the latest trends and challenges that the major competitors in the industry may be facing. Important applications and potential business areas are also added to this report. IoT Monetization market research study is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structure analysis. This report also shows import / export consumption, supply and demand, costs, prices, revenue and gross margins.
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Market segmentation :
By organization size
- Large companies
- Small and medium enterprises
By business sector
- IT & Telecom
- Logistic transport
- Health care
- Energy and utilities
By commercial function
- Marketing sales
- Supply Chain
The report provides important statistics on the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. IoT monetization is explained in detail in various regions and various industry segments.
- A descriptive view of the business environment
- Customer reviews
- Different approaches to explore IoT monetization opportunities
- Holistic overview of the competitive landscape
- Market segmentation around the world
- Fragmentation of IoT monetization across regions
- Detailed analysis of the main players, suppliers and traders
- Informative data for strategic business planning
- Risk assessment method
- Prerequisites for IoT monetization
- Anticipate futuristic developments and upcoming competitors
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