Internet of Everything (IoE) Market Analysis Till 2020A Chapter by David JonesInternet of Everything (IoE) Market Share, Size, Analysis, Growth, Trends and Forecasts to 2020 | Hexa ResearchInternet of Everything (IoE) is a
systematic connection of data, things, processes and people. It enables the
convergence of previously unconnected physical and digital domains. IoE is
drastically changing the way business organizations function. It is affecting
not just technological areas of enterprises but also crucial business
strategies.
Market
Growth Drivers The
worldwide Internet of Everything (IoE) market is expected to grow substantially
in the future. It is likely to observe a CAGR of more than 16% during 2014 to
2020. The market would exceed USD 7,000 billion by 2020. Accelerated
internet penetration, proliferation of connected devices and growing
expenditure on technology across the globe will be the crucial drivers of the
worldwide Internet of Everything (IoE) market. IoE is being adopted by various
public and private institutions, like educational establishments;
non-governmental organizations; healthcare bodies; federal & state
governmental agencies, etc.
Faster
networks, internet security equipments and high speed processors are also
estimated to propel the demand for the Internet of Everything (IoE) Market. The
emergence of big data analytics would prove favorable for the market. Moreover,
the rising demand for Information and Communications Technology (ITC) products,
particularly in Asia Pacific, is also anticipated to escalate the sales of the
Internet of Everything (IoE) market.
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Details of Report @ - http://www.hexaresearch.com/research-report/internet-of-everything-market-analysis/ Market Restraints Internet security issues are likely to hamper the future
prospects of the Internet of Everything (IoE) market. Lack of high-speed
connectivity in many regions will pose a challenge for high-traffic data
transfer, thereby restricting further growth of the market.
The success of the Internet of Everything (IoE) market
depends on some factors. These are compatibility of hardware and software;
proper synchronization; improvements in wired and wireless infrastructure;
advancements in data mining; and analysis; etc.
Business Verticals - Insights The Internet of Everything (IoE) market can be divided
into two business verticals - business to business (B2B) and consumer.
B2B can be further spit into retail; manufacturing;
transportation; banking; financial services & insurance; utility;
healthcare; public; and communication & media. Within the B2B vertical, the
highest demand for IoE services was generated by the manufacturing sector.
Manufacturing captured a share of over 30% in 2013.
Public followed manufacturing and was valued at 20% of the worldwide Internet of
Everything (IoE) market. Healthcare, with a CAGR of more than 20% from 2014 to
2020, is foreseen to grow most rapidly.
The consumer business vertical registered income worth
about USD 624 billion in 2013.
Regions - Outlook The key regional segments in the Internet of
Everything (IoE) market are Asia Pacific, Latin America, Middle East &
Africa, Japan, North America, Eastern Europe and Western Europe. North America
assumed leadership in 2013. It accounted for more than 33% of the total
revenue. The region is likely to grow strongly at a CAGR of 14% by 2020.
It was followed by Western Europe. Western Europe and
Asia Pacific together, contributed approximately 20% of the worldwide Internet
of Everything (IoE) market revenue in 2013. Asia Pacific is anticipated to grow
the fastest. It would expand at a CAGR of more than 18.5% from 2014 to 2020.
Components - Overview Based on components, the Internet of Everything (IoE)
market is categorized into infrastructure enablement spending; intelligent
systems; and services enablement spending. Intelligent systems were worth USD
1,500 billion in 2013.
They are expected to grow at a CAGR of 15% from 2014
to 2020. Infrastructure enablement spending is likely to be the fastest growing
component by 2020. It is estimated to register revenue worth around USD 1,160
billion in 2020.
Competitive Profile Some of the participants of the Internet of Everything
(IoE) market are Ericsson, Cisco Systems Inc., Oracle Inc., Vodafone Group
Plc., Google Inc., and Hewlett-Packard Company. The others are IBM Corporation;
Apple Inc.; Samsung Electronics Co. Ltd.; and Accenture Inc; among others.
These players focus on technological advancements to
grow and stay competitive. Consolidation through mergers, acquisitions and
strategic alliances are common among them.
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Added on August 23, 2017 Last Updated on August 23, 2017 Tags: Internet of Everything (IoE) Mar AuthorDavid Jonescalifornia, CAAboutResearch Analyst At Hexa Research Which Provides Research Content For All Types Of Domains do check my Articles more..Writing
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