"IoT Monetization Market Case Studies, and Use Cases, by Application (Retail, Industrial, Automotive & Transportation, Building & Home Automation, Consumer Electronics, Energy, Agriculture, and Healthcare) and Geography - Global Forecast to 2022"
The IoT monetization market was valued at USD 23.09 billion in 2015 and is expected to reach USD 443.27 billion by 2022, at a CAGR of 52.98% during the forecast period. The increasing Internet connectivity, increased use of smartphones and other connected devices, and growing adoption of cloud platforms are the major drivers for the IoT monetization market. Factors such as lack of common communication standards across platforms and lack of power-efficient devices are restraining the growth of the IoT monetization market.
The growing demand for reliable energy-efficient systems and enhanced home security levels worldwide is driving the growth of the IoT monetization market for building & home automation applications. Favorable government regulations and the growing trend of integrating smart devices such as smartphones and tablets are also boosting the growth of the market. The rising necessity for convenience, safety and security, and product development in IoT & M2M communication is also contributing to the growth of the market.
The IoT monetization market for industrial applications is expected to grow at an exponential rate during the forecast period. IoT plays a key role in industrial applications. IoT is used to optimize production processes and also to monitor the entire lifecycle of objects—from production to dumping.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the IoT industry. The break-up of primary participants has been shown below:
- By Company Type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
- By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%
The report also profiles the key players in the IoT monetization market. The prominent players profiled in this report are PTC, Inc. (U.S.), IBM Corp. (U.S.), Intel Corp. (U.S.), Cisco Systems, Inc. (U.S.), General Electric Co. (U.S.), Oracle Corp. (U.S.), Google Inc. (U.S.), Microsoft Corp. (U.S.), SAP SE (Germany), and Amdocs Ltd. (U.S.).
This research report categorizes the IoT monetization market on the basis of application and geography. It also provides the Porter’s five forces analysis, along with the description of each of its forces and their impact on the IoT monetization market. The report also discusses major drivers, restraints, challenges, and opportunities for the market.
Reasons to buy the report:
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the IoT monetization market comprehensively and provides the closest market size estimation for major applications across various regions.
2. The use-cases for the applications and various case studies have been included in the report to provide a practical view of the IoT monetization market.
3. The report would help stakeholders understand the pulse of the market and provide them with the information on drivers, restraints, challenges, and opportunities for the market.
4. This report would help the stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
126.96.36.199 Key Data From Secondary Sources
2.1.2 Primary Data
188.8.131.52 Key Data From Primary Sources
184.108.40.206 Key Industry Insights
220.127.116.11 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Market Overview
4.2 Market Segmentation
4.2.1 IoT Monetization Market, By Application
4.2.2 Market, By Geography
4.3 Market Evolution
4.4 IoT Monetization Model
4.5 Market Dynamics: IoT Monetization Market
18.104.22.168 Increasing Internet Connectivity
22.214.171.124 Increased Use of Smartphones and Other Connected Devices
126.96.36.199 Growing Adoption of Cloud Platforms
188.8.131.52 Lack of Common Communication Standards Across Platforms
184.108.40.206 Lack of Power-Efficient Devices
220.127.116.11 Significant Number of Investments in the Market
18.104.22.168 Significant Government Funding Worldwide for R&D in Iot
22.214.171.124 Ensuring the Security and Privacy of the Data Collected
5 Industry Trends
5.2 Key Trends in the IoT Monetization Market
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
6 IoT Monetization Market, By Application
6.2 Promising Applications for IoT Monetization
126.96.36.199 IoT in Retail: Case Study
188.8.131.52 Use Cases of IoT in Retail Applications
184.108.40.206 IoT in Industrial: Case Study
220.127.116.11 Use Cases of IoT in Industrial Applications
6.2.3 Automotive & Transportation
18.104.22.168 IoT in Automotive & Transportation: Case Study
22.214.171.124 Use Cases of IoT in Automotive & Transportation Applications
126.96.36.199 Use Cases of IoT in Agriculture Applications
188.8.131.52 IoT in Energy: Case Study
184.108.40.206 Use Cases of IoT in Energy Applications
6.2.6 Building & Home Automation
220.127.116.11 IoT in Building & Home Automation: Case Study
18.104.22.168 Use Cases of IoT in Building & Home Automation Applications
6.2.7 Consumer Electronics
22.214.171.124 Use Cases of IoT in Consumer Electronics Applications
126.96.36.199 IoT in Healthcare: Case Study
188.8.131.52 Use Cases of IoT in Healthcare
184.108.40.206 Use Cases of IoT in Other Applications
6.2.10 Case Study: Smart City (Barcelona, Spain)
7 Geographical Analysis
7.2 Geographical Analysis of IoT Monetization
7.2.1 North America
7.2.3 Asia-Pacific (APAC)
7.2.4 Rest of the World (RoW)
8 Competitive Landscape
8.2 Competitive Scenario
8.2.1 New Product Launches
8.2.3 Agreements & Collaborations
8.2.4 Acquisitions & Expansions
9 Company Profile
(Overview, Financial - , Products & Services, Strategy, and Developments)
9.2 PTC, Inc.
9.3 International Business Machine Corp.
9.4 General Electric Co.
9.5 SAP SE
9.6 Cisco Systems, Inc.
9.7 Amdocs Ltd.
9.8 Intel Corp.
9.9 Oracle Corp.
9.10 Google Inc.
9.11 Microsoft Corp.
9.12 Key Innovators
- Details Might Not Be Captured in Case of Unlisted Companies
10.1 Insights of Industry Experts
10.2 Discussion Guide
List of Tables
Table 1 Major Impact of Intensity of Competitive Rivalry and Bargaining Power of Suppliers on the Overall IoT Monetization Market
Table 2 IoT Monetization Market, By Application, 2013-2022 (USD Billion)
Table 3 Market for Retail Applications, By Region, 2013-2022 (USD Million)
Table 4 IoT Monetization Market for Industrial Applications, By Region, 2013-2022 (USD Million)
Table 5 Market for Agriculture Applications, By Region, 2013-2022 (USD Million)
Table 6 IoT Monetization Market for Energy Applications, By Region, 2013-2022 (USD Million)
Table 7 Market for Building & Home Automation Applications, By Region, 2013-2022 (USD Million)
Table 8 IoT Monetization Market for Consumer Electronics Applications, By Region, 2013-2022 (USD Million)
Table 9 Market for Healthcare Applications, By Region, 2013-2022 (USD Million)
Table 10 IoT Monetization Market, By Region, 2013-2022 (USD Billion)
Table 11 New Product Launches, 2016
Table 12 Partnership, 2016
Table 13 Agreements & Collaborations, 2016
Table 14 Acquisitions & Expansions, 2015-2016
List of Figures
Figure 1 Overview of the Micromarkets Covered
Figure 2 Global IoT Monetization Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 IoT Monetization Market, 2013-2022 (USD Billion)
Figure 7 Market for Consumer Electronics Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 8 North America Held the Largest Share of the Market in 2015
Figure 9 Region-Wise Market Size for Top 2 IoT Monetization Applications, 2015
Figure 10 Geographical Scope of IoT Monetization
Figure 11 Market Evolution of IoT Monetization
Figure 12 IoT Monetization Model
Figure 13 Increased Internet Connectivity Would Enhance the Growth of the Market
Figure 14 Percentage of Households With Internet Access and Individuals Using the Internet, 2015
Figure 15 Shipments of Smartphones, 2012-2017
Figure 16 IoT Monetization: Porter’s Five Forces Analysis, 2015
Figure 17 IoT Monetization Market: Porter’s Five Forces Analysis
Figure 18 Core Competencies Likely to Help the Suppliers to Maintain A High Bargaining Power
Figure 19 Medium Impact of the Bargaining Power of Buyers Due to the Increase in the Number of Suppliers in the Market
Figure 20 High Capital Requirement Poses as A Major Challenge for New Entrants
Figure 21 Medium Impact of Threat of Substitutes on the Market
Figure 22 High Intensity of Competitive Rivalry Due to the Presence of A Significant Number of Players in the Market
Figure 23 IoT Monetization Market for Consumer Electronics Applications Likely to Grow at the Highest Rate During the Forecast Period
Figure 24 Geographic Snapshot: IoT Monetization Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 25 IoT Monetization Market Share, By Region, 2015
Figure 26 Companies Adopted New Product Launches as the Key Growth Strategy Between 2013 and 2016
Figure 27 Market Evaluation Framework-New Product Launches Fueled Market Growth Between 2013 and 2016
Figure 28 Battle for Market Share in the Market: New Product Launches and Partnerships Were the Key Strategies
Figure 29 Geographic Revenue Mix of Major Players
Figure 30 PTC, Inc.: Company Snapshot
Figure 31 PTC, Inc.: SWOT Analysis
Figure 32 IBM Corp.: Company Snapshot
Figure 33 IBM: SWOT Analysis
Figure 34 General Electric Co.: Company Snapshot
Figure 35 General Electric: SWOT Analysis
Figure 36 SAP SE: Company Snapshot
Figure 37 SAP SE: SWOT Analysis
Figure 38 Cisco Systems, Inc.: Company Snapshot
Figure 39 Cisco Systems, Inc.: SWOT Analysis
Figure 40 Amdocs Ltd.: Company Snapshot
Figure 41 Amdocs Ltd.: SWOT Analysis
Figure 42 Intel Corp.: Company Snapshot
Figure 43 Oracle Corp.: Company Snapshot
Figure 44 Google Inc.: Company Snapshot
Figure 45 Microsoft Corp.: Company Snapshot
Figure 46 Marketsandmarkets Knowledge Store: Semiconductors & Electronics Industry Snapshot
The IoT monetization market was valued at USD 23.09 Billion in 2015 and is expected to reach USD 443.27 Billion by 2022, at a CAGR of 52.98% during the forecast period. The increasing Internet connectivity, increased use of smartphones and other connected devices, and growing adoption of cloud platforms are the major drivers for the market. The use and penetration of the Internet or broadband facilities has increased over the last decade, the rate of which is high in the developed countries such as the U.S., Japan, and Germany. This factor is expected to propel the growth of the IoT monetization market during the forecast period.
The scope of this report covers the IoT monetization market on the basis of application and geography. Automotive & transportation applications are expected to hold the largest share of the overall market during the forecast period. The rising adoption of IoT by automotive manufacturers is driving the growth of the market for automotive & transportation applications. The market for consumer electronics applications is expected to grow at a high rate between 2016 and 2022. The increasing use of consumer electronics in building smart cities, smart buildings, and smart offices is expected to boost the demand for smart consumer electronics. With the emergence of a number of smart appliances that can connect to the Internet and smartphones, the IoT monetization market for consumer electronics applications is expected to grow during the forecast period.
North America held the largest share of the IoT monetization market in 2015. The U.S. is a major contributor to the growth of the market in North America. The high growth of the market in North America can be attributed to the fast adoption of new technology by the masses and the presence of several IoT companies in the region, especially in the U.S.; these companies offers a wide range of IoT devices for applications in the retail, industrial, consumer electronics, healthcare, automotive & transportation, and other sectors.
The IoT monetization market in APAC is expected to grow at a high rate between 2016 and 2022. The increasing use of IoT in industrial and automotive & transportation applications in APAC is driving the market in this region. The strong support of government in countries such as China and India to thrive on the digital innovation is also boosting the growth of the market in APAC. In addition, factors such as economies of scale and cross-sector partnerships are fueling the growth of the market in this region. The use of mobile IoT in APAC is also likely to increase in the coming years.
Factors such as lack of common communication standards across platforms and lack of power-efficient devices are restraining the growth of the IoT monetization market. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the market. In addition, it analyzes the current market scenario and forecasts the market size till 2022.
Some of the major companies operating in the IoT monetization market are PTC, Inc. (U.S.), IBM Corp. (U.S.), Intel Corp. (U.S.), Cisco Systems, Inc. (U.S.), General Electric Co. (U.S.), Oracle Corp. (U.S.), Google Inc. (U.S.), Microsoft Corp. (U.S.), SAP SE (Germany), and Amdocs Ltd. (U.S.).