The North America IoT Monetization Market would witness market growth of 51.4% CAGR during the forecast period (2022-2028).
Most developers tend to focus on the physical element of internet of things (IoT) devices when it comes to this technology. IoT devices are frequently used to gather data about the system into which they are being integrated and choose a plan of action based on that data as in most situations, this is where it ends. The goal of monetizing IoT solutions should be made explicit from the beginning of the planning and development process. Companies should consider their strategic goals, data access as well as control, ability to reliably collect data, and the exclusivity of the data.
Functionally, this entails building a system to transform gathered data into a resource that generates value for the business and outlining organizational goals. An IoT data ecosystem, which is made up of infrastructure, analytics, and apps, aggregates and analyzes data to produce insights that may be put to use. Strategic alliances between companies that offer comparable services are frequently present in data ecosystems. In these situations, the company that creates and maintains the ecosystem platform receives the largest share of the earnings.
Companies are increasingly looking at the idea of converting IoT data into a product to be sold to others in order to create a new revenue stream. Naturally, the idea of selling data is not new. Information technology research and advisory companies invented the term infonomics to describe the creation and consumption of information, or data, in order to sell it or buy it.
The Financial Services Sector is an essential part of the crucial infrastructure of the United States. The enormous potential dangers facing the sector are illustrated by recent natural disasters, widespread power outages, and an increase in the quantity and sophistication of cyberattacks. However, the industry plays a crucial role in the development of the nation. According to the United States Department of Homeland Security, the international economy's foundation is the banking and finance sector, which contributes more than 8% of the yearly U.S. gross domestic product.
The US market dominated the North America IoT Monetization Market by Country in 2021; thereby, achieving a market value of $508.6 billion by 2028. The Canada market is anticipated to grow at a CAGR of 54.9% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 53.5% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Business Function, the market is segmented into Marketing & Sales, IT, Finance, Supply Chain and Operations. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Industry Vertical, the market is segmented into Manufacturing, BFSI, Retail, IT & Telecom, Transportation & Logistics, Healthcare, Energy & Utilities and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global IoT Monetization Market is Predict to reach $1834.7 Billion by 2028, at a CAGR of 52.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amdocs Limited, General Electric (GE) Co., Thales Group S.A. (Gemalto NV), SAP SE, Oracle Corporation, IBM Corporation, Cisco Systems, Inc., Ericsson AB, Intel Corporation and Aria Systems, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Business Function
- Marketing & Sales
- IT
- Finance
- Supply Chain
- Operations
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Industry Vertical
- Manufacturing
- BFSI
- Retail
- IT & Telecom
- Transportation & Logistics
- Healthcare
- Energy & Utilities
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amdocs Limited
- General Electric (GE) Co.
- Thales Group S.A. (Gemalto NV)
- SAP SE
- Oracle Corporation
- IBM Corporation
- Cisco Systems, Inc.
- Ericsson AB
- Intel Corporation
- Aria Systems, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT Monetization Market, by Component
1.4.2 North America IoT Monetization Market, by Business Function
1.4.3 North America IoT Monetization Market, by Organization Size
1.4.4 North America IoT Monetization Market, by Industry Vertical
1.4.5 North America IoT Monetization Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2019, Jun – 2022, Jul) Leading Players
Chapter 4. North America IoT Monetization Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America IoT Monetization Market by Business Function
5.1 North America Marketing & Sales Market by Country
5.2 North America IT Market by Country
5.3 North America Finance Market by Country
5.4 North America Supply Chain Market by Country
5.5 North America Operations Market by Country
Chapter 6. North America IoT Monetization Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America IoT Monetization Market by Industry Vertical
7.1 North America Manufacturing Market by Country
7.2 North America BFSI Market by Country
7.3 North America Retail Market by Country
7.4 North America IT & Telecom Market by Country
7.5 North America Transportation & Logistics Market by Country
7.6 North America Healthcare Market by Country
7.7 North America Energy & Utilities Market by Country
7.8 North America Others Market by Country
Chapter 8. North America IoT Monetization Market by Country
8.1 US IoT Monetization Market
8.1.1 US IoT Monetization Market by Component
8.1.2 US IoT Monetization Market by Business Function
8.1.3 US IoT Monetization Market by Organization Size
8.1.4 US IoT Monetization Market by Industry Vertical
8.2 Canada IoT Monetization Market
8.2.1 Canada IoT Monetization Market by Component
8.2.2 Canada IoT Monetization Market by Business Function
8.2.3 Canada IoT Monetization Market by Organization Size
8.2.4 Canada IoT Monetization Market by Industry Vertical
8.3 Mexico IoT Monetization Market
8.3.1 Mexico IoT Monetization Market by Component
8.3.2 Mexico IoT Monetization Market by Business Function
8.3.3 Mexico IoT Monetization Market by Organization Size
8.3.4 Mexico IoT Monetization Market by Industry Vertical
8.4 Rest of North America IoT Monetization Market
8.4.1 Rest of North America IoT Monetization Market by Component
8.4.2 Rest of North America IoT Monetization Market by Business Function
8.4.3 Rest of North America IoT Monetization Market by Organization Size
8.4.4 Rest of North America IoT Monetization Market by Industry Vertical
Chapter 9. Company Profiles
9.1 Amdocs Limited
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.2 General Electric (GE) Co.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Thales Group S.A. (Gemalto NV)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research and Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.4 SAP SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 IBM Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional & Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Cisco Systems, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Ericsson AB
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Acquisition and Mergers:
9.9 Intel Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Aria Systems, Inc.
9.10.1 Company Overview
TABLE 1 North America IoT Monetization Market, 2018 - 2021, USD Million
TABLE 2 North America IoT Monetization Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – IoT Monetization Market
TABLE 4 Product Launches And Product Expansions – IoT Monetization Market
TABLE 5 Acquisition and Mergers – IoT Monetization Market
TABLE 6 North America IoT Monetization Market by Component, 2018 - 2021, USD Million
TABLE 7 North America IoT Monetization Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 12 North America IoT Monetization Market by Business Function, 2018 - 2021, USD Million
TABLE 13 North America IoT Monetization Market by Business Function, 2022 - 2028, USD Million
TABLE 14 North America Marketing & Sales Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Marketing & Sales Market by Country, 2022 - 2028, USD Million
TABLE 16 North America IT Market by Country, 2018 - 2021, USD Million
TABLE 17 North America IT Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Finance Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Finance Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Supply Chain Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Supply Chain Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Operations Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Operations Market by Country, 2022 - 2028, USD Million
TABLE 24 North America IoT Monetization Market by Organization Size, 2018 - 2021, USD Million
TABLE 25 North America IoT Monetization Market by Organization Size, 2022 - 2028, USD Million
TABLE 26 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 30 North America IoT Monetization Market by Industry Vertical, 2018 - 2021, USD Million
TABLE 31 North America IoT Monetization Market by Industry Vertical, 2022 - 2028, USD Million
TABLE 32 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 34 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 35 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 38 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 39 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 48 North America IoT Monetization Market by Country, 2018 - 2021, USD Million
TABLE 49 North America IoT Monetization Market by Country, 2022 - 2028, USD Million
TABLE 50 US IoT Monetization Market, 2018 - 2021, USD Million
TABLE 51 US IoT Monetization Market, 2022 - 2028, USD Million
TABLE 52 US IoT Monetization Market by Component, 2018 - 2021, USD Million
TABLE 53 US IoT Monetization Market by Component, 2022 - 2028, USD Million
TABLE 54 US IoT Monetization Market by Business Function, 2018 - 2021, USD Million
TABLE 55 US IoT Monetization Market by Business Function, 2022 - 2028, USD Million
TABLE 56 US IoT Monetization Market by Organization Size, 2018 - 2021, USD Million
TABLE 57 US IoT Monetization Market by Organization Size, 2022 - 2028, USD Million
TABLE 58 US IoT Monetization Market by Industry Vertical, 2018 - 2021, USD Million
TABLE 59 US IoT Monetization Market by Industry Vertical, 2022 - 2028, USD Million
TABLE 60 Canada IoT Monetization Market, 2018 - 2021, USD Million
TABLE 61 Canada IoT Monetization Market, 2022 - 2028, USD Million
TABLE 62 Canada IoT Monetization Market by Component, 2018 - 2021, USD Million
TABLE 63 Canada IoT Monetization Market by Component, 2022 - 2028, USD Million
TABLE 64 Canada IoT Monetization Market by Business Function, 2018 - 2021, USD Million
TABLE 65 Canada IoT Monetization Market by Business Function, 2022 - 2028, USD Million
TABLE 66 Canada IoT Monetization Market by Organization Size, 2018 - 2021, USD Million
TABLE 67 Canada IoT Monetization Market by Organization Size, 2022 - 2028, USD Million
TABLE 68 Canada IoT Monetization Market by Industry Vertical, 2018 - 2021, USD Million
TABLE 69 Canada IoT Monetization Market by Industry Vertical, 2022 - 2028, USD Million
TABLE 70 Mexico IoT Monetization Market, 2018 - 2021, USD Million
TABLE 71 Mexico IoT Monetization Market, 2022 - 2028, USD Million
TABLE 72 Mexico IoT Monetization Market by Component, 2018 - 2021, USD Million
TABLE 73 Mexico IoT Monetization Market by Component, 2022 - 2028, USD Million
TABLE 74 Mexico IoT Monetization Market by Business Function, 2018 - 2021, USD Million
TABLE 75 Mexico IoT Monetization Market by Business Function, 2022 - 2028, USD Million
TABLE 76 Mexico IoT Monetization Market by Organization Size, 2018 - 2021, USD Million
TABLE 77 Mexico IoT Monetization Market by Organization Size, 2022 - 2028, USD Million
TABLE 78 Mexico IoT Monetization Market by Industry Vertical, 2018 - 2021, USD Million
TABLE 79 Mexico IoT Monetization Market by Industry Vertical, 2022 - 2028, USD Million
TABLE 80 Rest of North America IoT Monetization Market, 2018 - 2021, USD Million
TABLE 81 Rest of North America IoT Monetization Market, 2022 - 2028, USD Million
TABLE 82 Rest of North America IoT Monetization Market by Component, 2018 - 2021, USD Million
TABLE 83 Rest of North America IoT Monetization Market by Component, 2022 - 2028, USD Million
TABLE 84 Rest of North America IoT Monetization Market by Business Function, 2018 - 2021, USD Million
TABLE 85 Rest of North America IoT Monetization Market by Business Function, 2022 - 2028, USD Million
TABLE 86 Rest of North America IoT Monetization Market by Organization Size, 2018 - 2021, USD Million
TABLE 87 Rest of North America IoT Monetization Market by Organization Size, 2022 - 2028, USD Million
TABLE 88 Rest of North America IoT Monetization Market by Industry Vertical, 2018 - 2021, USD Million
TABLE 89 Rest of North America IoT Monetization Market by Industry Vertical, 2022 - 2028, USD Million
TABLE 90 Key Information – Amdocs Limited
TABLE 91 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 92 key information – Thales Group S.A.
TABLE 93 Key Information – SAP SE
TABLE 94 Key Information – Oracle Corporation
TABLE 95 Key information – IBM Corporation
TABLE 96 Key Information – Cisco Systems, Inc.
TABLE 97 key information – Ericsson AB
TABLE 98 Key Information – Intel Corporation
TABLE 99 Key Information – Aria Systems, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Acquisitions and Mergers: 2019, Jun – 2022, Jul) Leading Players
FIG 5 Recent strategies and developments: Amdocs Limited
FIG 6 Swot analysis: General electric (GE) Co.
FIG 7 SWOT analysis: Oracle Corporation
FIG 8 Swot analysis: IBM Corporation
FIG 9 SWOT Analysis: Cisco Systems, Inc.
FIG 10 SWOT analysis: Intel corporation