Internet of Everything (IoE) Market Analysis – Size, Share, Growth, Industry Demand, Forecast to 2022

Internet of Everything (IoE) Market Report, published by Allied Market Research, projects that the global market was valued at $1,205 billion in 2014, and is expected to reach at $3,352 billion by 2022. The hardware segment is expected to dominate the global market from 2016 to 2022. The Internet of Everything (IoE) industry in North America accounted for 36% share of the global market in 2014, while the Asia-Pacific market is expected to witness significant growth rate during the forecast period.

Access Detailed Study@: https://www.alliedmarketresearch.com/internet-of-everything-market

Internet of Everything (IoE) is a pioneering technological innovation that refers to the network of embedded computing devices, people, data, and things, which are interconnected distinctively in existing internet infrastructure. Enterprises are embracing Internet of Everything (IoE) to improve efficiency and save cost, such as capital expenditure, energy, and labor. Internet of Everything (IoE) market growth is attributed to evolution of business models across end-user industries; rise in inclination of industries, such as manufacturing, mining, and others toward process automation; and increase in government initiatives to adopt Internet of Everything (IoE) technologies. Furthermore, increase in adoption of cloud-based Internet of Everything (IoE) solutions, rapid proliferation of M2M (Machine-to-Machine) connections, and high adoption of smart sensors & devices offer high growth potential for the Internet of Everything (IoE) market in the near future. However, increase in data security, privacy concerns, and lack of speed connectivity in the developing and the under-developed regions hamper the growth of Internet of Everything (IoE) industry.

Inclination of industries toward process automation and improved operational competency drives growth in the Internet of Everything (IoE) market. Furthermore, rise in adoption of Internet of Everything (IoE)-based solutions among end users, high internet penetration, and decline in prices of smart sensors and Internet of Everything (IoE)-based devices are anticipated to offer huge market potential for the key industry players in the near future. However, lack of high-speed data connectivity among the developing and the underdeveloped countries and increase in cyberattacks negatively impact the growth of Internet of Everything (IoE) market.

For Sample PDF – Click Here@ https://www.alliedmarketresearch.com/request-sample/2151

The hardware segment dominated the global Internet of Everything (IoE) industry in 2014, with around 75% share. However, software segment is expected to grow at the highest growth rate during the forecast period. It is further analyzed across five types including IT security, data management software, software analytics, communication & collaboration software, and other software. IT security software segment dominated the global Internet of Everything (IoE) market in terms of revenue, while the communication & collaboration software segment is anticipated to grow at the highest growth rate during the forecast period.

North American Internet of Everything (IoE) market was the highest contributor in overall revenue and is expected to continue its dominance throughout the analysis period, owing to a rise in applications of Internet of Everything (IoE) in manufacturing, government, and retail fields. Affordable prices of sensors and the growth in usage of technologies, such as Wi-Fi, Bluetooth, and Low-Power Wi-Fi, accelerate the penetration of Internet of Everything (IoE) technology in the retail and healthcare sector. Rise in investments in the government sector and technological advancements in the telecom industry are expected to drive the Internet of Everything (IoE) market growth during the forecast period. One of the most important benefits of IoE in the banking sector is offering rewarding and easy-to-access services to both credit and debit card customers.

Do Purchase Inquiry @ www.alliedmarketresearch.com/purchase-enquiry/2151

Furthermore, Asia-Pacific Internet of Everything (IoE) market is estimated to grow at the highest CAGR during the forecast period, owing to vast increase in the number of smart-phone users.

Key Findings of the Internet of Everything (IoE) Market:

• The hardware segment dominated the overall Internet of Everything (IoE) market, in terms of revenue, and is projected to grow at a CAGR of 13.4% during the forecast period.
• The IT security software segment dominated the global Internet of Everything (IoE) market size in 2014, while the communication & collaboration software segment is anticipated to grow at the highest CAGR from 2016 to 2022.

Internet of Everything (IoE) Market Key Segments:

By Component

• Hardware
• Software
• Services

By Industry Vertical

• Government
• Retail
• BFSI
• Healthcare
• IT & Telecom
• Manufacturing
• Energy & Utilities
• Transportation & Logistics

Key Market Players

• Amazon Web Services, Inc.
• AT&T, Inc.
• Cisco Systems, Inc.
• IBM Corporation
• Hewlett Packard Enterprise Development LP
• Microsoft Corporation
• Google, Inc.
• Bosch Software Innovations GmbH
• Fujitsu, SAP SE.

The other key players include General Electric (GE), Royal Dutch Shell, Peach John Co. Ltd, Sams West, Inc., Wal-Mart Stores, Inc., ABB Ltd., Daimler AG, Qualcomm Technologies, Inc., C-Labs Corporation, Wipro, and Software AG.

For more information – Connect to Analyst@ https://www.alliedmarketresearch.com/connect-to-analyst/2151

Related Posts Plugin for WordPress, Blogger...