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How companies can choose the right business model for their IoT solution

  • May 2, 2018
  • 376 Views

The Internet of Things is poised to connect some 25 billion users by 2020, ten times the amount of people connected today.

In the 1990s, the first wave of internet development connected about a billion users to the Internet, primarily via desktop. In the 2000s, we had the second wave, which connected about 2-3 billion people to the Internet via mobile devices.

There are Top 9 Business Models are as follows:

  • Platform Business.
  • Subscription.
  • Pay Per Usage.
  • Asset Sharing.
  • Asset Tracking.
  • Outcome Based.
  • Compliance.
  • Data Driven.
  • Service Adjustment.

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