IoT Monetization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report
136 Pages
June 2023
Region: Global
IMARC Group
ID: 5578058

The global IoT monetization market size reached US$ 279 Billion in 2022. Looking forward, the publisher 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:

The publisher 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?

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
11.2 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
11.3 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
11.4 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
11.5 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

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

Companies Mentioned

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
Thales Group

Methodology

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Table Information

Report Attribute	Details
No. of Pages	136
Published	June 2023
Forecast Period	2022 - 2028
Estimated Market Value ( USD ) in 2022	$ 279 Billion
Forecasted Market Value ( USD ) by 2028	$ 2150 Billion
Compound Annual Growth Rate	40.5%
Regions Covered	Global
No. of Companies Mentioned	14

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