Market Highlights
The emerging IoE technology is still in its nascent stage and with the proliferation of the technology across various industry verticals, the global IoE market is poised for significant growth. The market os driven by factors such as rising adoption of M2M technology and rise in cloud-based services. The advent of disruptive technologies such as IoT, Big Data, and others are also creating a conducive environment for the growth of the market. Other factors boosting the market growth include increased emphasis on Decarbonization which has given rise to number of smart city projects is likely to fuel the growth of the market. Furthermore, growing application of IoE in automated inventory management, predictive maintenance, and self-optimization are factors which is supporting the growth of the market.
Internet of Everything (IoE) is a platform which connects people, data, and other things and generates new possibilities for businesses, organizations, and individuals. Market Research Future (MRFR's) latest in-depth report on the global Internet of Everything market throws light on the key trends and dynamics that can impact the growth of the market over the forecast period of 2018-2023. As per MRFR's analysis, the IoE market is expected to capture a CAGR of 19.5% over the forecast period.
conversely, the market growth might be hindered by security and privacy concerns. In addition, the lack of reliable network infrastructure remains a hindrance to the market growth.
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Competitive Dashboard:
Nokia Corporation (Finland), Qualcomm (US), Infineon Technologies (US), Robert Bosch AG (Germany),
AT& T Inc. (US), Cisco System Inc (US), SAMSUNG (South Korea), Ericsson AB (Sweden), Juniper Networks (US), Huawei Technolgies Co Ltd.(China), SAP SE (France), Texas Instruments (US), Amazon Web Services (US), and Koninklijke Philips N.V (Netherlands) are the notable players in the global Internet of Everything market.
Some other prominent players include Sigfox (France), Mesh systems LLC (US), Cloudera (US),
ThinxNet GmbH (Germany), Nest Labs (US), IOTA computing Inc.(US), and resin.io (US).
Regional Analysis:
Region-wise, the Internet of Everything (IoE) market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is spearheading the global IoE market. The region is a fast adopter of all latest technologies and has embedded IoE across diverse applications. The presence of major market players in the US is also providing unprecedented leverage to the North America market. These players have deep pockets which allows them to invest heavily on R&D activities.
Europe is anticipated to be the fastest growing market for IOE. The presence of industry giants in the region coupled with rising adoption Narrowband IoT modules and applications.
The APAC IoE market is anticipated to exhibit moderate growth over the forecast period. Reducing cost MEMS sensors and rapid development of network infrastructure is supporting the growth of the market.
Segmentation:
The global IoE market has been segmented based on component, network technology, application, and end user.
By component, the IoE market has been segmented into hardware, software, and services. The services segment has been further segmented into professional services and managed services. The professional services sub-segment has been further segmented into consulting services, implementation services and others.
By network technology, the IoE market has been segmented into into Wi-Fi, Bluetooth, cellular technologies,802.15.4, GPS/GNSS, NFC devices & tags, RFID tags (active & passive), low-power wide area network (LPWAN), fixed line, satellite, other wireless technologies.
By application, the IoE market has been segmented into application areas namely connected car, smart home, wearable computing & mobile devices, smart cities & buildings, smart metering, and others.
By end-user, the IoE market has been segmented into government, retail, BFSI, healthcare, IT & telecom, manufacturing, energy & utilities, transportation & logistics, and others.
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