Market Highlights
The Internet of Everything (IoE) market 2020 is presumed to witness substantial growth. Internet of everything is an emerging technology and has already gained much popularity. The large-scale adoption of Internet of Things (IoT) has paved the way for the development of the market for Internet of Everything (IoE). Increasing demand for smart technology and connected devices is presumed to boost growth of the market. A report which has been recently published by Market Research Future MRFR indicates that the global Internet of Everything (IoE) market is expected to augment at 19.5% CAGR over the review period 2018 to 2023. The report also suggests that the Internet of Everything (IoE) market size will reach a remarkable value by 2023.
IoE is about connecting every device through internet. Rising adoption of smart homes has paved the way for residential applications. The Internet of Everything (IoE) market is anticipated to witness a boom in the near future. In addition, rising dependency on connected devices in industries is also supposed to drive Internet of Everything (IoE) market growth. In 2017, there was a total of 27 billion connected devices. Rising number of connected devices is presumed to catapult the Internet of Everything (IoE) market on upward trajectory.
The Internet of Everything (IoE) industry is likely to attract investments and exhibit fast growth. IoT has built the infrastructure required for the adoption of IoE. Thus, installation is likely to be convenient, which is expected to drive the expansion of the Internet of Everything (IoE) market in the foreseeable future. The development of technologies such as sensors is anticipated to influence the market greatly. However, lack of high-speed internet in certain regions can be seen to check the Internet of Everything (IoE) market growth in the upcoming years. In addition, rising security and privacy concerns are also projected to limit the growth of the market.
Segmentation:
On the basis of component, the Internet of Everything (IoE) industry has been segmented into hardware, software, and services.
Based on network technology, the segments of the Internet of Everything (IoE) market are Wi-Fi, Bluetooth, 802.15.4, GPS/GNSS, cellular technologies, NFC devices & tags, low-power wide area network (LPWAN), RFID tags (active & passive), fixed line, satellite, and other wireless technologies.
On the basis of application, the Internet of Everything (IoE) market has been segmented into smart home, connected car, smart cities & buildings, wearable computing & mobile devices, smart metering, and others.
Based on end-user, the Internet of Everything (IoE) market has been segmented into government, BFSI, retail, healthcare, manufacturing, transportation & logistics, energy & utilities, IT & telecom, and others.
Regional Analysis
The geographical evaluation of the global Internet of Everything (IoE) market is offered in the report and it covers the following region-based segments – Europe, Asia-Pacific, North America, and the Rest of the World (RoW). These segments are also assessed on the basis of countries to offer a 360-degree view of the market. Europe is assessed to exhibit the fastest growth. It is due to the existing advanced infrastructure of the region that is anticipated to accelerate adoption of IoE. It is projected to augment the Internet of Everything (IoE) market in the region. Rising investments in research and development are also prognosticated to support the expansion of the market. North America, on the other side, is expected to lead the Internet of Everything (IoE) market. It is projected to hold the largest market share over the prognosis period.
Competitive Dashboard
Cisco System Inc (US), Nokia Corporation (Finland), AT& T Inc. (US), Juniper Networks (US), Huawei Technologies Co Ltd.(China), Amazon Web Services (US), and Ericsson AB (Sweden), SAMSUNG (South Korea), Koninklijke Philips N.V (Netherlands), Robert Bosch AG (Germany), Qualcomm (US), Infineon Technologies (US), SAP SE (France), Texas Instruments (US), are the key players of the market. Other important players are Nest Labs (US), ThinxNet GmbH (Germany), Mesh systems LLC (US), Sigfox (France), resin.io (US), Cloudera (US), and IOTA computing Inc. (US) hold key Internet of Everything (IoE) market share.
