Future Market Insights has recently published a market research report on Global Internet of Everything market. The study presents a detailed analysis on the historical data, current and future market scenario for the Internet of Everything market. The global Internet of Everything market report is projected to witness a positive growth over the forecast period of 2021 and 2031.
The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the Internet of Everything market in the upcoming decade.
According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the Internet of Everything market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Internet of Everything market report and gather data from a wide range of primary and secondary sources.
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Future Market Insights (FMI), in its recent report titled “Global IoE (Internet of Everything) Market Analysis and Opportunity Assessment, 2014–2020” indicates that the global IoE market is expected to grow at a significant CAGR of 16.4% during the forecast period.
Vineet Kumar, a consultant at FMI, said, “Proliferation of connected devices, increased technology budgets by leading countries such as Finland and Singapore, and rising uptake of ICT goods, particularly in the Asia-Pacific region, will accelerate the growth of the global IoE market. Further, 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.
Region-wise, North America dominated the market with over one-third share of the overall IoE market, followed by Western Europe, in 2013. However, among all the regions, the IoE market in Asia-Pacific is expected to grow at a considerable CAGR of over 18% during the forecast period. IoE market growth in Asia-Pacific is mainly driven by increased investment in smart cities and smart grid initiatives by the governments of India, China and Japan.
“Ongoing advances in ICT and embedded systems have given rise to a new disruptive technology: the Internet of Everything (IoE), which is transforming businesses in all aspects,” Vineet Kumar added.
Major participants in the global IoE market continue to focus on acquisitions and partnerships in order to enter new markets and strengthen their existing product portfolio. Some of the top players in global IoE market are Cisco Systems Inc., Samsung Electronics Co. Ltd., IBM Corporation, Apple Inc. and Accenture Inc. These top players accounted for over 50% market share in 2013.
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Why Buy FMI’s Report?
- Extensive analysis on key trends and opportunities on the industries ongoing trends in different regions across the globe
- All-inclusive assessment on recent technological advancements and forecast of the upcoming decade
- A comparative analysis of leading players and emerging players in the Internet of Everything market
- Reliable information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global Internet of Everything market
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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