| Year | Authors | Analytical Context | Descriptive Analysis | Ontological Analysis | |||
| IoT business (firm-centric) | IoT ecosystem (ecosystem-centric) | New Business Model (BM) Framework | Existing Business Model (BM) Framework | ||||
| Other BM Framework | BM Canvas | ||||||
| 2017 | Bilgeri and Wortmann [70] | X | X | ||||
| 2016 | Ju, Kim and Ahn [71] | X | X | X | |||
| Weinberger, Bilgeri, and Fleisch [72] | X | X | |||||
| Schladofsky et.al. [62] | X | X | X | ||||
| Iivari et al. [9] | X | X | X | ||||
| 2015 | Dijkman et. al., [64] | X | X | X | |||
| Chan [68] | X | X* | |||||
| Rong, et al. [63] | X | X | |||||
| Fleisch, et al., [65] | X | X | |||||
| 2014 | Turber et. al., [73] | X | X | ||||
| Hui [66] | X | X | |||||
| Westerlund et al., [74] | X | X | |||||
| Qin and Yu [75] | X | X | |||||
| Fleisch, Weinberger and Wortmann [76] | X | X | |||||
| Silva and MaloĢ [67] | X | X | X | ||||
| 2013 | Li and Xu [77] | X | X | X* | |||
| 2012 | Sun, Yan, Lu, Bie, and Thomas [78] | X | X* | ||||
| Leminen et al., [79] | X | X | X | ||||
| 2011 | Bucherer and Uckelmann [80] | X | X | X | |||
| Fan and Zhou [81] | X | X | X* | ||||
| 2010 | Liu and Jia [82] | X | X | X* | |||
| Notes: *: Utilise a modified version of existing Business Model Framework | |||||||