Internet of Everything Market

Internet of Everything Market by Components (Hardware, Software, and Services), Industry Verticals (Government, Healthcare, BFSI, Retail, IT & Telecom, Energy & Utilities, Manufacturing, Transportation & Logistics, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: ICT-SE-534
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 1
  • No. Of Pages: 144
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The global Internet of everything market size was estimated to be USD 172 billion in 2017 is projected to expand at a robust CAGR of 27.8% during the forecast period, 2021 – 2028. The growth of the market is attributed to the advancement in the field of automation technology, artificial intelligence (AI), and Internet of things (IoT).

Internet of Everything (IOE) is a network of embedded computing devices that are distinctively interrelated on the existing Internet structure. Rising need for energy optimization is boosting the adoption of IoE technology around the world. The technological evolution is supported by the increased penetration of portable devices, such as smartphones, laptops, and tablets.

Internet of Everything Market  Key Takeaways

IoE network represents the convergence of various technology trends such as cloud social networks, computing, mobility and data analytics through intelligent sensors. It improves interaction between people and also between people and devices. This technology provides benefits such as improved operational efficiency and decision-making, which is anticipated to improve the process of doing work in the Internet world.

IoE helps to streamline data and gather crucial business insights. Additionally, IoE carries out functions such as processing the accumulated data. It also helps in transforming or changing the business models by aligning data with analytics. For instance, Nike, a major sports brand, is striving to make its mark in the healthcare industry with the help of IoE technology. Meanwhile, Google, a major technology company, is striving to revolutionize the automobile industry by the introduction of smart cars.

Market Drivers, Restraints, Trends, and Opportunities

  • IoE creates unprecedented opportunities for individuals, organizations, countries, and communities. Thus, the growing awareness about its benefits is expected to boost the market growth during the forecast period.
  • Growing demand for high network speed and speed processors and Internet security equipment is anticipated to foster the Internet of Everything market.
  • Increasing use of Internet across the globe is expected to drive the market growth.
  • The Internet of Everything market is still in its initial stage, which is expected to create lucrative opportunities in the coming years.
  • Rising adoption of IoE by state, federal and local governments, educational institutions, healthcare organizations, utilities, and non-governmental organizations (NGOs) is anticipated to create new market avenues during the forecast period.
  • The introduction of big-data analytics in wireless-enabled IoE applications and services is projected to drive the market demand during the forecast period.
  • Growing awareness regarding issues such Internet security is expected to hamper the market growth.
  • High data traffic is expected to create need for high speed Internet, which can restrain the market growth. However, rising investment in 5G technology and wireless systems is expected to surmount the obstacle in the projected timeline.
  • Ongoing technological advancements in ultra-low power wireless and standardized technologies is expected to boost the Internet of everything market.
  • Increasing demand for IoE from Industry 4.0 is anticipated to positively impact the Internet of Everything market.

Scope of the Report

The report on the global Internet of Everything market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Internet of Everything Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Hardware, Software, and Services) and Industry Verticals (Government, Healthcare, BFSI, Retail, IT & Telecom, Energy & utilities, Manufacturing, Transportation & Logistics and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cisco, Bosch, Ericsson, Intel, Oracle and IBM


Global Internet of Everything Market Segment Insights

Software segment to constitute a significant market share.
On the basis of components, the market is divided into software, hardware, and services. The software segment is projected to constitute a significant market share during the forecast period. IoE technology is used for network connectivity, data analytics, management & automation, and security and connectivity management. Increasing expenditure of small and medium businesses and large enterprises on IoE is expected to drive the segment growth. Furthermore, rising demand for connectivity and network security software improves the consumer experience and ensure protection against cyberattacks.

Internet of Everything Market By Components

Healthcare segment to represent a considerable market share.
Based on industry verticals, the market is divided into government, healthcare, BFSI, retail, IT & telecom, energy & utilities, manufacturing, transportation & logistics, and others. The healthcare segment is anticipated to represent a considerable market share during the forecast period. IoE devices offer mobile medical applications or wearables that allow health experts to get access of patients health data. Hospitals use these devices to provide value-based care to patients. Thus, rising adoption of healthcare connected devices is expected to drive the healthcare segment growth during the forecast period. However, privacy and security of data and reliability of healthcare devices may pose a challenge to the segment growth.

North America projected to account a large market share.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to account for a large market share owing to increasing applications of IoE devices and solutions in the manufacturing, government, and retail sectors. Growing use of technologies such as Wi-Fi and Bluetooth along with decreasing price of intelligent sensors has encouraged the adoption of IoE technology in the retail and healthcare sectors. Moreover, increasing technological advancement in the telecom sector and growing investments in the government sector are expected to spur the regional market growth during the forecast period.

 Internet of Everything Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Internet of Everything Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Internet of Everything Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Internet of Everything Market - Supply Chain
  4.5. Global Internet of Everything Market Forecast
     4.5.1. Internet of Everything Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Internet of Everything Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Internet of Everything Market Absolute $ Opportunity
5. Global Internet of Everything Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Internet of Everything Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Internet of Everything Demand Share Forecast, 2019-2026
6. North America Internet of Everything Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Internet of Everything Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Internet of Everything Demand Share Forecast, 2019-2026
7. Latin America Internet of Everything Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Internet of Everything Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Internet of Everything Demand Share Forecast, 2019-2026
8. Europe Internet of Everything Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Internet of Everything Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Internet of Everything Demand Share Forecast, 2019-2026
9. Asia Pacific Internet of Everything Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Internet of Everything Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Internet of Everything Demand Share Forecast, 2019-2026
10. Middle East & Africa Internet of Everything Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Internet of Everything Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Internet of Everything Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Internet of Everything Market: Market Share Analysis
  11.2. Internet of Everything Distributors and Customers
  11.3. Internet of Everything Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cisco
     11.4.2. Bosch
     11.4.3. Ericsson
     11.4.4. Intel
     11.4.5. Oracle
     11.4.6. IBM
Segments Covered in the Report
The global Internet of Everything Market has been segmented on the basis of

Components
  • Hardware
  • Software
  • Services
Industry Vertical
  • Government
  • Healthcare
  • BFSI
  • Retail
  • IT & Telecom
  • Energy & utilities
  • Manufacturing
  • Transportation & Logistics
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Cisco
  • Bosch
  • Ericsson
  • Intel
  • Oracle
  • IBM

Some of the key players in the Internet of everything market are Cisco, Bosch, Ericsson, Intel, Oracle, and IBM.

Companies are engaging in creative business strategies to improve their market presence. Investment in the technological advancement is one of the growth strategies adopted by major industry players in the market.

 Internet of Everything Market By Key Players

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