3. How Can Solution Providers Make Money With IoT?

When asked which aspects of IoT will provide the greatest opportunity for the channel, respondents ranked sales of Internet of Things hardware and software as the No. 1 opportunity.

After that, the installation and maintenance of IoT hardware and software was ranked as having the second greatest opportunity for the channel, while IoT consulting services came in third.

Other top-ranked opportunities for monetizing IoT included sales of network infrastructure to support IoT deployments, IoT application development, cloud and data center automation, data security services, and sales of data analytics platforms and services to supplement IoT deployments.