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Global IoT Monetization Market Research Report:
The latest report by IMARC, titled “ IoT Monetization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 202 3-2028
” " the global IoT monetization market reached a value of US$ 279 Billion in 2022.
The internet of things (IoT) refers to a system of interrelated computing devices, objects, mechanical and digital machines and people that are provided with unique identifiers (UIDs) to transfer data using network connectivity without requiring human-to-computer or human-to-human interaction. IoT monetization is a method of generating revenue using IoT-connected devices. It aids in monitoring, analyzing and managing business operations that help enterprises in improving their economic and operational efficiency in a cost-efficient manner. As a result, it offers several benefits, such as providing lucrative business opportunities, improved customer experience and boost efficiency and productivity. Request Free Sample Report: https://www.imarcgroup.com/iot-monetization-market/requestsample
The global market is primarily driven by significant growth in the information technology (IT) industry. Along with this, rapid digitization across the corporate sector has encouraged businesses to heavily invest in the deployment of IoTenabled hardware and software, which is creating a positive market outlook. In line with this, numerous initiatives and investments by public and private firms in the promotion of digitalization is considered to be a major growth-inducing factor. In addition to this, the rising adoption of cloud platforms by enterprises in order to securely store their data is providing lucrative growth opportunities to the market.
Moreover, the growing internet connectivity and the increasing utilization of smart devices are providing an impetus to the market growth. Other factors, including rapid urbanization, intensive business competition, growing initiatives to promote smart city development, the escalating adoption of traffic management, continual technological advancements and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2,150 Billion by 2028, exhibiting a CAGR of 38% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
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 with Key Players:
• 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
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/iot-monetization-market
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