Internet of Everything Market Soars: Expected to Reach US$ 3,335.1 Billion by 2030 at a 15.2% CAGR

Internet of Everything Market

The Global internet of everything market is projected to grow significantly in the coming years. It is expected to increase from a value of US$ 1,074.1 Billion in 2022 to reach US$ 3,335.1 Billion by 2030. This substantial growth is driven by a strong demand for IoE technologies, with the market set to experience a CAGR of 15.2% from 2022 to 2030.

With the fast spread of the coronavirus pandemic, the industry has gained major growth opportunities in the healthcare sector in terms of hospital administration, tracking patient status, medication dosages, schedules of healthcare professionals, and patient data archiving among other things. The impending arrival of 5G networks will be critical in boosting the potential applications of IoE.

Request a Sample Copy of the Internet of Everything Market Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-34

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.

Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-34

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.

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.

Leading Key Players:

  • 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

Purchase Now and Seize this Opportunity for a Detailed Internet of Everything Market Report:
https://www.futuremarketinsights.com/checkout/34

Internet of Everything Industry Segmentation:

By Component:

  • IoE Hardware
    • Sensors
    • RFID Tags
    • Smart Devices
    • Others
  • IoE Software
    • Data Management
    • Device Management
    • Connectivity Management
    • Others
  • Services
    • Professional
      • Consulting
      • Implementation
      • Support & Maintenance
    • Managed

By Network Technology:

  • Wi-Fi
  • Bluetooth
  • NFC
  • Others

By Application:

  • Smart Homes
  • Mobile & Wearable Devices
  • Connected Cars
  • Smart Cities
  • Others

By Vertical:

  • BFSI
  • Manufacturing
  • Transportation & Logistics
  • Healthcare
  • IT & Telecom
  • Retail
  • Energy & Utility
  • Others

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these