Research and Markets has announced the addition of the “IoT Monetization Market – Global Forecast to 2022” report to their offering. 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 objectsfrom production to dumping.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Industry Trends
6 IoT Monetization Market, By Application
7 Geographical Analysis
8 Competitive Landscape
9 Company Profiles
– Amdocs Ltd.
– Cisco Systems, Inc.
– General Electric Co.
– Google Inc.
– Intel Corp.
– International Business Machine Corp.
– Key Innovators
– Microsoft Corp.
– Oracle Corp.
– PTC, Inc.
– SAP SE
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