Internet of Everything Market Analysis, Opportunities, Latest Innovations and Top Players

Market Highlights

Emerging technologies such as big data, IoT are creating a significant impact on the world economy. In the year 2017, the market has witnessed more than 27 billion, out of which 4.3 billion and 5.2 billion connected devices comprises commercial & industrial sector and consumer electronics sectors. These numbers are likely to presumed to be rising with the commendable growth rate owing to rising investment of technological giants, advanced computing technologies that has transformed the information and communication (ICT) sectors across the economies. 

IoE is about connecting every device through internet. Rising adoption of smart homes has paved the way for residential applications. The Internet of Everything (IoE) market is anticipated to witness a boom in the near future. In addition, rising dependency on connected devices in industries is also supposed to drive Internet of Everything (IoE) market growth. In 2017, there was a total of 27 billion connected devices. Rising number of connected devices is presumed to catapult the Internet of Everything (IoE) market on upward trajectory.

The Internet of Everything (IoE) industry is likely to attract investments and exhibit fast growth. IoT has built the infrastructure required for the adoption of IoE. Thus, installation is likely to be convenient, which is expected to drive the expansion of the Internet of Everything (IoE) market in the foreseeable future. The development of technologies such as sensors is anticipated to influence the market greatly. However, lack of high-speed internet in certain regions can be seen to check the Internet of Everything (IoE) market growth in the upcoming years. In addition, rising security and privacy concerns are also projected to limit the growth of the market.

Segmentation:

On the basis of component, the Internet of Everything (IoE) industry has been segmented into hardware, software, and services.

Based on network technology, the segments of the Internet of Everything (IoE) market are Wi-Fi, Bluetooth, 802.15.4, GPS/GNSS, cellular technologies, NFC devices & tags, low-power wide area network (LPWAN), RFID tags (active & passive), fixed line, satellite, and other wireless technologies.

On the basis of application, the Internet of Everything (IoE) market has been segmented into smart home, connected car, smart cities & buildings, wearable computing & mobile devices, smart metering, and others.

Based on end-user, the Internet of Everything (IoE) market has been segmented into government, BFSI, retail, healthcare, manufacturing, transportation & logistics, energy & utilities, IT & telecom, and others.

Regional Analysis

Geographically, the global IoE market is categorized into North America, Europe, Asia- Pacific, and the rest of the world. North America is expected to have a significant growth in the IoE market. The US is the major contributing country in the region owing to early adoption of IoT based application such as smart homes, smart metering and others. Europe is likel y to be the fastest growing region in the IoE market owing to increased development of LPWAN technolgies that include LoRa, Sigfox, and others Asia-Pacifc region is likely to have a positive with a gradual growth during the forecast period. The gradual market growth is attributed to lack of highly efficient network infrastructure.

Competitive Dashboard

Cisco System Inc (US), Nokia Corporation (Finland), AT& T Inc. (US), Juniper Networks (US), Huawei Technologies Co Ltd.(China), Amazon Web Services (US), and Ericsson AB (Sweden), SAMSUNG (South Korea), Koninklijke Philips N.V (Netherlands), Robert Bosch AG (Germany), Qualcomm (US), Infineon Technologies (US), SAP SE (France), Texas Instruments (US), are the key players of the market. Other important players are Nest Labs (US), ThinxNet GmbH (Germany), Mesh systems LLC (US), Sigfox (France), resin.io (US), Cloudera (US), and IOTA computing Inc. (US) hold key Internet of Everything (IoE) market share.

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