hi

IoT Monetization Market Trends 2021 : CAGR Status, Growth Potential Products, Industry Size, Top Manufacturers, End User, Value, Volume, Opportunities till 2030

In a recent published report, Kenneth Research has updated the market report for IoT Monetization Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for IoT Monetization Market products.

Request Free Sample Copy :-  https://www.kennethresearch.com/sample-request-10085891

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

The IoT Monetization Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

Global IoT Monetization Market By Organization Size (SME and Large Enterprises), By Application (Commercial Building, Transportation and Logistics, Telecom, Smart Home Appliances, Government, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America) – Forecast up to 2025

This market research report includes a detailed segmentation of the global IoT monetization market by organization size (SME and Large Enterprises), by application (commercial building, transportation and logistics, telecom, smart home appliances, government, manufacturing, and others), and by region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America). The market research report identifies Comarch, Amdocs, Ericsson, Magnaquest, Cerillion, JeraSoft, PortaOne, BillRun, NetCracker, and IoT Billing as the market leaders operating in the global IoT monetization market.

Overview of the IoT Monetization Market

Infoholic’s market research report predicts that the global IoT monetization market will grow at a CAGR of more than 20% during the forecast period 2019-2025. The market trends for IoT monetization market is primarily driven by the increasing demand from telecom and smart equipment manufacturer to monetize and manage the smart equipment through connectivity and networks. The integration of various IoT devices and functions are expected to drive efficiency in smart products, along with cloud technologies for enterprises.

Download Sample Report >>  https://www.kennethresearch.com/sample-request-10085891

IoT billing and invoicing vendors help companies to optimize their revenue generation and enhance customer experience. Globally, organizations of different industries are modernizing their offering, transforming its customer reach along with bringing out the operational efficiency for the various IoT players in the ecosystem. Governments are also expected to use various smart devices for monitoring and billing in places such as tolls and others, along with electrification of residential buildingsand industries.

According to our IoT monetization market analysis, Asia Pacific accounts for the largest market share in 2019. With the presence of the high number of technology innovators and market disruptors in North America, the adoption of these platforms are expect to grow heavily in US and Canada. Several enterprises in this region are focusing to enhance custom built IoT platforms, device monitoring, seamless integration, built-in security, and easy deployment. Asia Pacific is anticipated to grow substantially due to market potential of countries such as China, India, and investments in IoT and consumerization prospects in these growing markets. The IoT billing market is growing with increasing need to monetize the IoT deployments. Europe market is also expected to grow at a high CAGR owing to presence of many large and emerging enterprises in utilities and telecom equipment providers in countries such as Germany, UK, and France. This billing platform helps enterprises to generate more revenue through subscription model and analyze the insights to understand the usage patterns of customers to boost its monetization plans and strategy. The key component in the market would be various technology influx in integration of various applications for IoT services. It would be interesting to see how quickly the IoT system and subcription models are commercialized and consumerization takes place in the market.

IoT Monetization Market Competitive Analysis and Key Vendors

The report covers and analyzes the IoT monetization market. Top Operations Support System (OSS)/Business Support System (BSS) players along with strong IoT platform providers are leading the market, along with emerging vendors in digital space and are expected to grow owing to the need of organizations for a comprehensive approach while adopting digital technologies. The key players in the market are adopting various organic growth strategies, i.e., new product launches and expansion strategies to be in a strong position in the market with distinguished products.

Some of the Key Vendors in the IoT Monetization Market:

  • Comarch
  • JeraSoft
  • Amdocs
  • Magnaquest
  • Cerillion

These companies are striving in the market sphere by leveraging OSS/BSS technologies that help smart product usage monitoring in applications or infrastructure. Top telecom equipment manufacturer and experts in OSS/BSS are focusing on new offerings that benefits various players in the IoT ecosystem.

Download Sample Report >>  https://www.kennethresearch.com/sample-request-10085891

There are few other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.

Segmentation By Organization Size

  • SMEs
  • Large Enterprises

The SMEs segment is expected to grow at the highest rate during the forecast period 2019-2025.

Segmentation By Application

  • Commercial Building
  • Transportation and Logistics
  • Telecom
  • Smart Home Appliances
  • Government
  • Manufacturing
  • Others

The transportation and logistics segment is estimated to hold the largest market share in 2019 and this trend is likely to continue during the forecast period 2019-2025.

Benefits

The report provides an in-depth analysis of the IoT monetization market. The IoT billing and invoicing platform combines various technologies of automation, mobility, cloud, analytics, and IoT monetization to offer multiple innovative intelligent features in enterprise application efficiencies. By analyzing various enterprise and consumer usage, the vendors are expected to grow multi-folds during the forecast period. The digital technologies adoption propel the need to monetize IoT services and subscription models. The report discusses the market size in terms of organization size, application, and region. Furthermore, the report provides details about the major challenges impacting the market growth.

Download Sample Report >>  https://www.kennethresearch.com/sample-request-10085891

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

Leave a Reply