The impact of licensing and entitlement management solutions on the adoption of IoT is very real as cited in a recent Gartner report.
In a recent report published by Gartner, “Hype Cycle for the Internet of Things,” (available to Gartner subscribers) the impact of licensing and entitlement software solutions are identified as a key trigger for growth. (Note: "Licensing and entitlement management" are components within the "Software Monetization" ecosystem - which encompasses licensing and entitlement management, security, software delivery and software updates, in-product analytics and more).
The model below depicts the Hype Cycle for the IoT from the report, with licensing and entitlement management highlighted:
The report goes on to detail several points of differentiation, benefits and recommendations that device manufacturers should consider with licensing and entitlement management software, summed-up best by the quote:
“...device manufacturers selling hardware enabled by software should plan now to leverage the business value shift from hardware to software and adopt an effective monetization strategy to increase the value of offerings…”
Additional IoT resources from Gartner below: