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Internet of Everything (IoE) Market Overview and Outlook 2020

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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.
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Internet of Everything (IoE) Market Size, Market Share, Analysis,
Growth, Industry Trends And Forecasts to 2020: Hexa Research
" 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."
Internet 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; no n-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 Everyth ing (IoE) market.
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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.
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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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Table of Content of Internet of Everything (IoE) Market
Executive Summary & Digital Transformation industry critical success factors
Industry Outlook
Industry Dynamics
Internet of Everything (IoE) Market drivers
Internet of Everything (IoE) Market restraints
Internet of Everything (IoE) Key Market Opportunities
Internet of Everything (IoE) Porters Analysis
Internet of Everything (IoE) - PESTEL Analysis
Internet of Everything (IoE) - Company Market Share Analysis
Internet of Everything (IoE) Application Outlook
Internet of Everything (IoE) Regional Outlook
Internet of Everything (IoE) Company profiles
Research Methodology
Research scope & assumptions
List of data sources
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and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
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