In the projection period (2022 to 2030), the Internet of Everything (IoE) Market is anticipated to develop moderately, growing at a 15.2% CAGR, and is anticipated to reach US$ 1,074.1 billion in 2022 and US$ 3,335.1 billion by 2030.
FMI, in its recent statement, highlighted the rapid proliferation of connected devices. It also emphasized the noteworthy expansion of technology investments in prominent nations like Finland and Singapore. Additionally, the increasing adoption of ICT (Information and Communication Technology) products, with a particular surge in demand within the Asia-Pacific region, is poised to fuel the exponential growth of the worldwide Internet of Everything (IoE) market.
Further, the explosion of big data and a growing need for enhanced customer experience in public, telecom and media, and banking, financial services and insurance (BFSI) sectors are likely to increase the adoption of IoE solutions and technology in the near future”.
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This report includes two segments, namely, business-to-business (B2B) IoE components and IoE verticals. B2B IoE components are further sub-segmented into intelligent systems, infrastructure enablement spending, and services enablement spending.
Among all the aforementioned sub-segments, intelligent systems accounted for more than 80% of the global IoE market share in 2013; however, this is expected to decrease by 620 BPS by 2020. The global IoE market can also be segmented into consumer and B2B verticals. IoE B2B segment growth is 1.1 times of the IoE consumer segment’s CAGR in 2020.
This report also covers eight types of B2B IoE verticals in the global IoE market. Among the B2B IoE verticals, manufacturing and public sectors dominated with over 50% share of the global market in 2013. However, the healthcare sector is anticipated to exhibit the fastest CAGR of 20.6% during the forecast period, followed by the utility sector. Improved eHealth delivery has contributed to the increased uptake of IoE solutions in the healthcare sector.
Competitive Landscape
Collaborations and partnerships with key players and acquisition of niche players are key strategies followed by leading Internet of Everything providers in the market. The global IoE market is fragmented in nature, which remains a key factor in its dynamic competitive nature.
Key Players in the Market:
- Google LLC
- Cisco Systems, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Schneider Electric
- General Electric
- Qualcomm
- Apple Inc.
- SAP SE
- Accenture PLC
- Amazon
- Samsung Electronics
For instance,
- In March 2021, Oracle released enhancements to its existing Oracle Fusion Cloud Supply Chain and Manufacturing platform. Further updates include IoT Production Monitoring Capabilities and IoT Asset Monitoring that will enable customers to monitor the key characteristics of their assets.
- In February 2021, Siemens, Red Hat, and IBM released a Hybrid Cloud initiative that will increase the real-time value of Industrial IoT data.
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Internet of Everything Industry Survey
IoE Market by Component:
- IoE Hardware
- IoE Software
- Services
IoE Market by Network Technology:
- Wi-Fi
- Bluetooth
- NFC
- Others
IoE Market by Application:
- Smart Homes
- Mobile & Wearable Devices
- Connected Cars
- Smart Cities
- Others
IoE Market by Vertical:
- BFSI
- Manufacturing
- Transportation & Logistics
- Healthcare
- IT & Telecom
- Retail
- Energy & Utility
- Others
IoE Market by Region:
- North America IoE Market
- Latin America IoE Market
- Europe IoE Market
- East Asia IoE Market
- South Asia & Pacific IoE Market
- Middle East and Africa IoE Market
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