IoT Monetization Market is predicted to reach USD 3.5 Billion at a CAGR of 37.55% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global IoT Monetization Market” that contains information from 2018 to 2032. The IoT Monetization market is estimated to register a CAGR of 37.55% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global IoT Monetization market— Google Inc., PTC, Inc., Amdocs, Inc., Apple Inc., Intel Corporation, Cisco Systems, Inc., General Electric Corporation, Microsoft Corporation, SAP SE, and Facebook Inc.

Market Highlights

The global IoT Monetization market is accounted to register a CAGR of 37.55% during the forecast period and is estimated to reach USD 3.5 Billion by 2032.

The IoT Monetization market pertains to strategies and systems that enable businesses to generate revenue from their Internet of Things (IoT) devices and data. It involves various models such as subscription services, pay-per-use, and data-driven insights, allowing companies to capitalize on the value of connected devices by offering innovative solutions and extracting financial benefits from the data and services they provide.

Segment Analysis

The global IoT Monetization market has been segmented based on Component, Organization Size, Industry Vertical and Business Function.

On the basis of Component, the market is segmented into Solutions and Services. In 2022, the solutions category dominated the world market. As a result of technology improvements enabling IoT monetization to change sectors globally, including BFSI, manufacturing, healthcare, and others, the market is anticipated to grow quickly in the next years.

Based on Organization Size, the global IoT Monetization market has been segmented into Organization Size, includes Large Enterprises and Small & Medium-Sized Enterprises. The global IoT Monetization market was led by large organisations in 2022.Economies of scale and the accessibility of R&D money are to blame for this. They are accelerating their growth in this sector in order to maximise growth.

Based on Industry Vertical, the global IoT Monetization market has been segmented into Retail, IT & Telecom, Manufacturing, Transportation & Logistics, Healthcare, BFSI, Energy & Utilities, and Others. In 2022, the manufacturing industry dominated the global IoT Monetization market. This is because lot monetization solutions in the manufacturing industry provide a number of benefits, such as increased customer acquisition and retention, decreased costs, simplified production, and new revenue streams from procedures for equipment data analysis and product improvement.

Based on Business Function, the global IoT Monetization market has been segmented into Marketing & Sales, IT, Finance, Supply Chain, and Operations. Finance segment dominated the global market in 2022. This is because the financial sector has a growing demand for IoT monetization.

Regional Analysis

The global IoT Monetization market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe IoT Monetization market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The IoT Monetization market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World IoT Monetization market comprises of Middle East, Africa, and Latin America.

The North America IoT Monetization Market dominated this market in 2022 (45.80%). This is due to the widespread adoption of new technologies at a rapid pace as well as the development of multiple top lot monetization companies.

Additionally, In 2022, the Europe IoT Monetization market held a sizable market share. Investments in start-ups with a focus on the Internet of Things and its ecosystems help to assist the R&D for loT technologies. Additionally, the digitization of industrial activities is accelerating due to ongoing cloud infrastructure upgrades and declining data service prices.

Moreover, from 2023 to 2032, the Asia Pacific IoT Monetization market is anticipated to have rapid expansion. This is due to the growing adoption of IoT-enabled technology in developing countries like China and India. The market for lot monetization is being driven by a large transition from traditional to digital ecosystems across all industry verticals in Asian countries including China, Japan, and South Korea. The expanding trend of digitization, which also drives demand for connected ecosystems, is driving an increase in demand for IoT-based solutions.

Key Findings of the Study

• The global IoT Monetization market is expected to reach USD 3.5 Billion by 2032, at a CAGR of 37.55% during the forecast period.


• The North America IoT Monetization Market dominated this market in 2022 (45.80%). This is due to the widespread adoption of new technologies at a rapid pace as well as the development of multiple top lot monetization companies.


• Based on Industry Vertical, in 2022, the manufacturing industry dominated the global IoT Monetization market.


• Google Inc., PTC, Inc., Amdocs, Inc., Apple Inc., Intel Corporation, Cisco Systems, Inc., General Electric Corporation, Microsoft Corporation, SAP SE, and Facebook Inc.