The Internet of Things (IoT) is a system of interconnected devices that has the ability to transmit data without the need of any person-to-person or person-to-computer interplay. IoT Monetization is a process of profiting from IoT-enabled products and services. The emergence of IoT has resulted in the birth of home automation, automated healthcare, smart farming, etc. The global IoT monetization market registered a phenomenal start in 2018 being valued at $XX billion, and is expected to reach $1992713 billion by 2027, with a CAGR of 44.57% from 2019 to 2027. The factors such as technological advancements, increasing use of smart devices, adoption of cloud platforms, and ever-spreading internet connectivity, stimulate the growth of the global IoT monetization market.
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