Global IoT Monetization (Billing in OSS/BSS, Telecom, and IoT Impact) Market to 2025 by Organization Size, Application, and Region
DUBLIN, Aug. 1, 2019 /PRNewswire/ -- 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 By Region - Forecast up to 2025" report has been added to ResearchAndMarkets.com's offering.
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.
The Asia Pacific is anticipated to grow subtantially due to the 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. The European market is also expected to grow at a high CAGR owing to the 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 a subscription model and analyze the insights to understand the usage patterns of customers to boost their monetization plans and strategy. The key component in the market would be various technology influx in the integration of various applications for IoT services. It would be interesting to see how quickly the IoT system and subscription models are commercialized and consumerization takes place in the market.
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1 Executive Summary
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Smarter Strategies for IoT Deployment