IoT Monetization: Growth Driven by Solutions Provided for Manufacturing Industry

Posted by Deeksha on October 14th, 2019

The increasing pervasiveness and scope of application for smart technologies in projects such as connected automobiles, smart cities, and agriculture equipment are playing a major role in the development of the monetization approach towards internet of things technologies. The adoption of the tech is expected to continue growing with the use of smart phones and tablets.

Increasing investments in the field are helping to create new opportunities for product innovation and the consequent revenue generation. On the other hand, the overall IoT market is being constrained by the lack of international standardization in addition to the higher security and privacy concerns which are being posed by the integration of IoT in modern systems. These insights are derived from the intelligence report, titled, “IoT Monetization: Review of IoT Technology and Enabling Platforms - 2019” which has been added recently to the Market Research Hub’s (MRH) ever-expanding repository.

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Despite the fast growth of monetization services, the solutions segment is projected to dominate the market in the near future. Most of these applications of IoT is expected to be associated with large scale enterprises. On the other hand, the use of IoT in small and medium scale enterprises are projected to rise at a faster rate owing to increasing inclination of businesses towards the new technology.

In addition, the application of IoT in the global manufacturing sector holds the major market share in terms of monetization. However, applications in the healthcare sector are projected to grow faster for the foreseeable future.

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IoT Monetization Market: Report Content

The report comprises an analysis to support the report on the IoT monetization market. In addition, the report strongly focuses on the various facets in the market that are expected to have an impact on the IoT monetization market in various scenarios. Some of these factors include, drivers, restraints, opportunities, and trends. Further, the report also focuses on the segmentation of the market that provides an analysis on IoT monetization.

Furthermore, the report accurately describes benchmarking standards that are aimed at assessing product performance, solutions, and business processes. Benchmarking also focuses on the performances of rival companies, with the aim of improving on performance.

The analysis of the competitive scenario of the IoT monetization market counts on Porters’ Five Force Analysis. It offers an analysis on the potential strategies of the players in the IoT monetization market. The business strategies depends upon product portfolios, company profile, recent developments, key differentiation, and SWOT analysis.

IoT Monetization: Research Methodology

The report on IoT monetization relies on primary research and secondary research that offers intelligent insights on the market. Nevertheless, the report focuses on authentic and unbiased sources that have had a substantial impact in the preparation of the report. On the other hand, the report also relies upon primary sources that are developed through analysis from experts, telephonic interviews, and detailed analysis from analysts, and surveys. In addition, the secondary sources of data incorporates EC filings, trade journals, press releases, databases and government websites.