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IOT Monetization Market – Industry Trend, Growth, Size, 2019-2027

IoT monetization market will grow at an anticipated CAGR of 44.57% during the forecast period of 2019-2027.

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IOT Monetization Market – Industry Trend, Growth, Size, 2019-2027

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  1. IoT Monetization Market 2019-2027

  2. The Internet of Things (IoT) is a system of interconnected devices that has the ability to transmit data without the need of any person-to-person or person-to-computer interplay. IoT Monetization is a process of profiting from IoT-enabled products and services. The emergence of IoT has resulted in the birth of home automation, automated healthcare, smart farming, etc. The global IoT monetization market registered a phenomenal start in 2018 being valued at $XX billion, and is expected to reach $1992713 billion by 2027, with a CAGR of 44.57% from 2019 to 2027. The factors such as technological advancements, increasing use of smart devices, adoption of cloud platforms, and ever-spreading internet connectivity, stimulate the growth of the global IoT monetization market.

  3. The surge in the use of electronic devices, efficiency, cost-cutting, and swift engineer operations, is said to propel the growth of the global IoT monetization market. • The introduction of IoT has had positive and negative impacts on industries, houses, and devices. • The domination of connected cars on IoT, shifting focus towards revenue generation, and voluminous enterprise data, are considered as driving forces behind the growth of the market. • The rising number of security concerns in matters of privacy and cybersecurity, lack of transparency, and lack of general IoT standards restrict the growth of the market.

  4. “The global IoT monetization market registered a phenomenal start in 2018 being valued at $XX billion, and is expected to reach $1992713 billion by 2027, with a CAGR of 44.57% from 2019 to 2027. ” https://www.inkwoodresearch.com/reports/global-iot-monetization-market/

  5. The IoT monetization market in North America is expected to witness a CAGR of 42.78% during the forecast period. North America is gaining the largest share in the market as a result of the adoption of new technology. It is expected to dominate the market due to rising enterprise data.

  6. The European IoT monetization market is expected to grow at a CAGR 44.66% during the forecast period. The rising adoption of IoT monetization market by industries is expected to stimulate the growth of the market in Europe.

  7. The Asia Pacific IoT monetization market is expected to project a CAGR of 47.38% during the forecast period. The market is expected to have ample growth opportunities due to factors like the entry of multinational companies through partnerships, untapped opportunities, increasing number of commercial investments, etc.

  8. The major players of the global market are Robert Bosch GmbH, General Electric Co., SAP SE, Amdocs, Tata Consultancy Services, Aria Systems, Inc., Intel Corporation, IBM Corporation, Gemalto NV, Ericsson, Google, Inc., Cisco Systems, Inc., PTC Inc., and Oracle Corporation.

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