Internet of Things Pricing
By: IoT Demonstration
November 13, 2017
Internet of Things pricing models may vary depending where in the IoT solution stack the platform sits. For example, IoT connectivity gateways, which sit near the bottom of the stack, closest to the devices, tend to bill based on messages sent, or data written to the time series database.
The vendor’s pricing model may also be stratified, with different tiers of pricing depending on the number of devices in the enterprise’s Internet of Things. Per-unit pricing may increase in the higher tiers. The premise of both components of this pricing model is that the end-user gets more value from their Internet of Things as they send more data through the connectivity gateway. (Vendors of these platforms often offer free developer seats as well.)
Higher in the IoT stack, at the presentation layer, pricing may be based on a combination of features and data usage. With software products that offer visualization of, and actualization on, Internet of Things data, there is greater room to create tiers of feature capabilities, and corresponding pricing levels. These products may also incorporate data usage pricing and seat quantity pricing thresholds.
As a presentation-layer solution, we, generally, price our offerings based on the number of devices in your enterprise-unique Internet of Things, and the number of unique named users accessing the product.
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