Global Internet of Everything Market, By Component (Hardware, Software, Services), Network Technology (Wi-Fi, Bluetooth, NFC, Others), Application (Smart Homes, Mobile and Wearable Device, Connected Car, Smart Cities, Others), Industry Vertical (BFSI, Manufacturing, Transportation and Logistics, Healthcare, IT and Telecom, Retail, Energy and Utility, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Internet of Everything Market
The internet of everything market is expected to witness market growth at a rate of 24.20% in the forecast period of 2021 to 2028 and is expected to reach USD 14,18,075.49 million by 2028. Data Bridge Market Research report on internet of everything market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of manufacturing sector is escalating the growth of internet of everything market.
Internet of everything (IoE) is defined as the network of embedded computing devices which are interrelated distinctively in the existing internet infrastructure or it could be said a networked connection of people, data, process and things. The technology is deployed in various industry verticals such as government, retail, banking, financial services, IT and telecom, manufacturing, energy and utilities and healthcare among others.
The growing need for better lifestyles and energy optimization and increase in the penetration of portable devices such as smartphones and tablets among others are the major factors driving the growth of internet of everything market. The introduction of IT projects by government organizations to encourage the end users to increase expenditures on innovative technologies with the purpose of improving customer experience and the increasing demand for smart sensors and devices due to growth in automation of manufacturing and operational processes across the industrial sector accelerates the internet of everything market growth. The high usage of software globally for various applications such as network connectivity, data analytics, data management, management and automation, security and connectivity management among others further influence the internet of everything market. Additionally, increase in online transactions, industrial shift towards process automation, rise in adoption of cloud-based internet of everything (IoE) solutions, innovation of technology, evolution of business models across various industries and rise in government initiatives to adopt internet of everything (IoE) technologies positively affect the internet of everything market. Furthermore, advanced sensors, systems and solutions to meet customer expectation extend profitable opportunities to the internet of everything market players in the forecast period of 2021 to 2028.
On the other hand, the rise in data security and privacy concerns and issues with interoperability are the factors expected to obstruct the internet of everything market growth. Lack of common standards and concerns regarding data migration from legacy systems are projected to challenge the internet of everything market in the forecast period of 2021-2028.
This internet of everything market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on internet of everything market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Internet of Everything Market Scope and Market Size
The internet of everything market is segmented on the basis of component, network technology, application and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the internet of everything market is segmented into hardware, software and services. Hardware is further segmented into sensors, RFID tags, smart devices and others. Software is further segmented into data management, device management, connectivity management and others. Services are further segmented into professional and managed. Professional is sub-segmented into consulting, implementation and support and maintenance.
- On the basis of network technology, the internet of everything market is segmented into Wi-Fi, Bluetooth, NFC and others.
- On the basis of application, the internet of everything market is segmented into smart homes, mobile and wearable device, connected car, smart cities and others.
- On the basis of industry vertical, the internet of everything market is segmented into BFSI, manufacturing, transportation and logistics, healthcare, IT and telecom, retail, energy and utility and other.
Global Internet of Everything Market Country Level Analysis
The internet of everything market is analyzed and market size, volume information is provided by country, component, network technology, application and industry vertical as referenced above.
The countries covered in the global internet of everything market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the internet of everything market because of the rise in applications of internet of everything (IoE) in manufacturing, government and retail fields, surge in investments in the government sector and technological advancements in the telecom industry, high usage in banking industry for easy-to-access services to both credit and debit card customers and affordable prices of sensors and the growth in usage of technologies in the region. Asia-Pacific is expected to witness the highest growth during the forecast period of 2021 to 2028 due to the increase in the number of smart-phone users.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Everything Market Share Analysis
The internet of everything market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to internet of everything market.
The major players covered in the internet of everything market report are IBM Corporation, Cisco, Google, SAP SE, Apple Inc., Vodafone Group Plc, Accenture, Time Inc., Hewlett Packard Enterprise Development LP, SAMSUNG, Intel Corporation, Microsoft, Oracle, PTC, Amazon Web Services, Inc., Bosch.IO GmbH, General Electric, Happiest Minds, HARMAN International among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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