Internet of Things (IoT) Monetization

Global Internet of Things (IoT) Monetization Market to Reach US$4.5 Trillion by 2030

The global market for Internet of Things (IoT) Monetization estimated at US$396.5 Billion in the year 2024, is expected to reach US$4.5 Trillion by 2030, growing at a CAGR of 49.6% over the analysis period 2024-2030. Solutions, one of the segments analyzed in the report, is expected to record a 51.2% CAGR and reach US$3.2 Trillion by the end of the analysis period. Growth in the Services segment is estimated at 46.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$117.2 Billion While China is Forecast to Grow at 45.8% CAGR

The Internet of Things (IoT) Monetization market in the U.S. is estimated at US$117.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$587.3 Billion by the year 2030 trailing a CAGR of 45.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 44.3% and 41.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 32.7% CAGR.

Global Internet of Things (IoT) Monetization Market - Key Trends and Drivers Summarized

How Is Internet of Things (IoT) Monetization Unlocking New Revenue Streams?

The Internet of Things (IoT) monetization refers to the process of generating revenue from IoT ecosystems through data, devices, and services. As IoT adoption continues to grow across industries, businesses are looking for ways to capitalize on the vast amounts of data generated by connected devices. IoT monetization strategies include offering subscription-based services, selling data analytics, and developing new business models such as pay-per-use or outcome-based pricing. For example, manufacturers are leveraging IoT data to offer predictive maintenance services, while retailers are using IoT-enabled customer insights to provide personalized marketing and targeted advertising. Monetization is enabling businesses to unlock new revenue streams while delivering more value to customers through data-driven insights and services.

What Technological Advancements Are Enabling IoT Monetization?

Technological advancements in big data analytics, artificial intelligence (AI), and blockchain are facilitating IoT monetization. Big data platforms and AI-powered analytics allow businesses to process and analyze the vast amounts of data generated by IoT devices, turning raw data into actionable insights. These insights can be used to optimize operations, enhance customer experiences, and offer personalized services. Blockchain technology is also emerging as a key enabler of IoT monetization by providing secure, transparent mechanisms for data sharing and transactions, ensuring that data owners are compensated for their contributions. Furthermore, advancements in cloud computing are making it easier for companies to scale IoT services, offering subscription models that provide ongoing revenue streams.

How Do Market Segments Define the Growth of IoT Monetization?

Components include platforms for data management, billing systems, and analytics tools, with data analytics platforms leading the market as businesses seek to derive value from IoT data. Business models include subscription services, data-as-a-service, and outcome-based pricing, with subscription services being the largest segment due to their ability to provide recurring revenue. Industry verticals include manufacturing, retail, healthcare, and transportation, with manufacturing leading the market as companies adopt IoT solutions for predictive maintenance and supply chain optimization. The market is growing rapidly in regions such as North America and Europe, where digital transformation and data-driven business models are widespread, and expanding in Asia-Pacific, driven by industrial IoT adoption.

What Factors Are Driving the Growth in the IoT Monetization Market?

The growth in the IoT monetization market is driven by several factors, including the increasing value of IoT data, advancements in analytics and AI technologies, and the rising adoption of subscription-based services. As more devices become connected, the data they generate is becoming a valuable asset that businesses can monetize through new services and business models. AI-driven analytics platforms are further enabling companies to unlock insights from IoT data, driving demand for data-as-a-service offerings. Additionally, the shift toward subscription-based services and outcome-based pricing is fueling growth, as companies seek to create ongoing revenue streams from IoT-enabled products and services.

SCOPE OF STUDY:

The report analyzes the Internet of Things (IoT) Monetization market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Solutions, Services); Vertical (Manufacturing, Transportation & Logistics, BFSI, Retail, IT & Telecom, Healthcare, Energy & Utilities, Other Verticals)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 37 Featured) -

• ABB Ltd.
• ABB S.p.A
• Aeris Communications, Inc.
• AMDOCS
• Aria Systems, Inc.
• Avnet, Inc.
• Ayla Networks, Inc.
• BSMART System Solutions Sdn. Bhd.
• Cisco Systems, Inc.
• Clipkick, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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