The Internet of Everything (IoE) market is set to grow significantly, from an estimated USD 1.2 billion in 2023 to USD 5.0 billion by 2033, with a robust annual growth rate of 15.2%. This remarkable expansion highlights the increasing value and importance of IoE over the next decade. The IoE market involves the seamless integration of devices and systems, creating a network that boosts efficiency and connectivity across various industries. As we look to the future, IoE is expected to be a major force in shaping technology, driving innovation, and opening new business opportunities.
According to a recent statement from FMI, there’s been a rapid increase in connected devices and significant growth in technology investments, especially in countries like Finland and Singapore. Moreover, the rising adoption of Information and Communication Technology (ICT) products, particularly in the Asia-Pacific region, is set to propel the global IoE market’s exponential growth.
Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-34
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.
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.
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.
Seize this Opportunity: Buy Now for a Thorough 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
- Professional
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
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
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
LinkedIn| Twitter| Blogs | YouTube
