Internet of Everything Market Highlights
Internet of Everything (IoE) is an emerging
technology comprising a broader scope by which every devices and products are
connected through Internet. At present, IoE is at nascent stage and are likely
to used in various application that include digital sensors, remote appliances,
connected mobile devices, machine learning systems, and others
Globally, the Internet of Everything Market is likely to witness an significant
growth due to the rising cloud-based services, rise in number of connected
devices, increasing adoption of disruptive technologies such as artificial
intelligence, Big data analytics in various industrial as well as commercial
application are also some of the driving forces of the IoE market. On the flip
side, security and privacy concerns are some of the limiting factors for the
Internet of everything market.
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Industry Segmentation
The IoE market is segmented into component, network
technology, application, and end user.
Based on component, the IoE market is categorized
into hardware, software, and services. The services bifurcated into
professional services and managed services. The services further sub-segmented
as consulting services, implementation services and others.
The network technologies segmented into Wi-Fi,
Bluetooth, cellular technologies,802.15.4, GPS/GNSS, NFC devices & tags,
RFID tags (active & passive), low-power wide area network (LPWAN), fixed
line, satellite, other wireless technologies. Furthermore, the market is
sub-divided into application comprising connected car, smart home, wearable
computing & mobile devices, smart cities & buildings, smart metering,
and others. Lastly, on the basis of
end-user, the market is segmented as government, retail, BFSI, healthcare, IT
& telecom, manufacturing, energy & Utilities, transportation &
logistics, and others.
Key players
Some of the key players of global Internet of
everything market include Cisco System Inc (US), Ericsson AB (Sweden), Qualcomm
(US), Infineon Technologies (US), Texas Instruments (US), SAP SE (France),
Amazon Web Services (US), Huawei Technolgies Co Ltd.(China), SAMSUNG (South
Korea), Robert Bosch AG (Germany), AT& T Inc. (US), Nokia Corporation
(Finland), Juniper Networks (US), Koninklijke Philips N.V (Netherlands) and
other tier 1 companies.
Some other companies that have also gained a
significant market share in the IoE market include Nest Labs (US), Mesh systems
LLC (US), ThinxNet GmbH (Germany), Sigfox (France), Cloudera (US), resin.io
(US), IOTA computing Inc.(US), and other newly entered companies.
Regional Analysis
Geographically, the global IoE market is categorized
into North America, Europe, Asia- Pacific, and the rest of the world.
North America is expected to have a significant
growth in the IoE market. The US is the major contributing country in the
region owing to early adoption of IoT based application such as smart homes,
smart metering and others. Europe is likel y to be the fastest growing region
in the IoE market owing to increased development of LPWAN technolgies that
include LoRa, Sigfox, and others Asia-Pacifc region is likely to have a
positive with a gradual growth during the forecast period. The gradual market
growth is attributed to lack of highly efficient network infrastructure.
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