IoT Monetization Market: Global Industry Is Expected to Grow at a CAGR of 53.1% to 2023 – Top Key Players (IBM, Mircosoft, Oracle, SAP SE, and Amdocs Ltd)
The Global IoT Monetization Market is accounted for $35.41 billion in 2016 and expected to grow at a CAGR of 53.1% to reach $699.9 billion by 2023. Various factors contributing to the expansion of the market growth are increased use of smartphones and other connected devices, adoption of the cloud technology, emergence of home automation products, rising demand for surface transportation systems and connected IoT sensors and wearable devices.
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