The Internet of Everything (IoE) Market is expected to witness moderate growth, registering a 15.2% CAGR during the forecast period (2022-2030) and projected to reach US$ 1,074.1 Bn in 2022 and US$ 3,335.1 Bn by 2030
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”.
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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.
Competitive Landscape
Collaborations and partnerships with key players and acquisition of niche players are key strategies followed by leading Internet of Everything providers in the market. The global IoE market is fragmented in nature, which remains a key factor in its dynamic competitive nature.
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.
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Internet of Everything Industry Survey
IoE Market by Component:
- IoE Hardware
- IoE Software
- Services
IoE Market by Network Technology:
- Wi-Fi
- Bluetooth
- NFC
- Others
IoE Market by Application:
- Smart Homes
- Mobile & Wearable Devices
- Connected Cars
- Smart Cities
- Others
IoE Market by Vertical:
- BFSI
- Manufacturing
- Transportation & Logistics
- Healthcare
- IT & Telecom
- Retail
- Energy & Utility
- Others
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IoE Market by Region:
- North America IoE Market
- Latin America IoE Market
- Europe IoE Market
- East Asia IoE Market
- South Asia & Pacific IoE Market
- Middle East and Africa IoE Market
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