IoT Monetization: Capitalizing on Connectivity

IoT Monetization: Capitalizing on Connectivity

With the advent of the Internet, everyday devices are now interconnected. Due to the proliferation of the IoT, several offices and homes have become smart –functioning through connected devices. Increased usage of smart devices such as smart phones and tablets is pushing the demand for IoT monetization. It is a trend that is becoming a serious business activity for many and opening doors for future growth.

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The global IoT monetization market is receiving impetus from increased use of smartphones and other connected devices, growing Internet connectivity, and rise in the adoption of cloud platforms. Moreover, encouraging government regulations, heavy demand for dependable energy-efficient systems and improved home security for home & building automation applications, and growing demand for smart devices such as smartphones and tablets are furthering the growth of the market.

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