The global Internet of Everything market was valued at US$ 2,426.8 billion in 2013 and is expected to reach US$ 7,130.4 billion by 2020, reflecting a CAGR of 16.4% during forecast period, 2014 – 2020. In 2013, connected IoE devices represented 10.2% of overall IoE installation base across globe. Increased technology budgets by governments and proliferation of connected devices are some of the prominent factors driving the demand for IoE solutions.

Rapid advancements in internet in which smart devices can communicate with each other by sending and receiving data through network connectivity have given rise to disruptive technology termed as “Internet of Everything” (IoE). The term IoE is a superset of machine to machine (M2M) communication and internet of people (IoP). M2M communication technology is typically used in remote monitoring of connected machines and to turn them into intelligent assets.

“IoE helps in optimizing data for the collation and use of crucial insights which helps in critical decision making. Consequently, demand for industry 4.0 applications is also expected to increase in the near future and positively impact the global Internet of Everything market.,” says the FMI analyst.

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Internet of Everything (IoE) – Primary Takeaways

• Software IoE components are rapidly gaining traction supported by applications in automation, security, and data analytics among others.
• Healthcare applications of IoE are expected to contribute substantially, supported by innovations in wearables and facility administration.
• North America is a dominant Internet of Everything market, with key applications in government, retail, and manufacturing sectors.

Internet of Everything (IoE) – Growth Factors

• Rising penetration of portable devices such as tablets and smartphones aid IoE tech improvements.
• High global internet usage is a major factor contributing to growth opportunities in the IoE market.
• Benefits of mobility, cloud, data analytics, and social networks together, enable major market growth.

Internet of Everything (IoE) – Major Constraints

• Inadequate data transfer infrastructure and speeds hurt IoE market growth prospects.
• Inherent complexity of internet of everything systems are a key obstacle to market players.

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The Projected Impact of Coronavirus

In the current pandemic situation, most countries have taken measures to contain the outbreak with cost-effective yet practical management and monitoring solutions. Interconnected devices in IoE enable access to patients remotely, and allows the optimized utilization of facilities in the organized sector to adequately deal with the massive influx of coronavirus patients. These trends will help bolster market growth in during and after the pandemic period.

Competition Landscape

The Internet of Everything (IoE)s comprises players including but not limited to Samsung Electronics Co., IBM Corporation, Hewlett Packard Co., Cisco Systems Inc., Telefonica S.A., Apple Inc., and Google Inc. Market players are seeking strategic mergers and acquisitions, in addition to tech advancements.

Key Segment

Component

• Hardware
  • Sensors
  • RFID Tags
  • Smart Devices
  • Others
• Software
  • Data Management
  • Device Management
  • Connectivity Management
  • Others
• Services
  • Professional
    • Consulting
    • Implementation
    • Support & Maintenance
  • Managed

Network Technology

• Wi-Fi
• Bluetooth
• NFC
• Others

Application

• Smart Homes
• Mobile & Wearable Device
• Connected Car
• Smart Cities
• Others

Vertical

• BFSI
• Manufacturing
• Transportation & Logistics
• Healthcare
• IT & Telecom
• Retail
• Energy & Utility
• Others

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Table Of Content:

1. Executive Summary

2. Market Overview

3. Key Market Trends

4. Global Internet of Everything (IoE) Market – Pricing Analysis

5. COVID-19 Pandemic Crisis Impact Analysis

6. Market Structure Analysis

7. Global Internet of Everything Market Demand (in Value in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030

8. Market Background

9. Global Internet of Everything Market Analysis 2015-2019 and Forecast 2020-2030, by Component

10. Global Internet of Everything Market Analysis 2015-2019 and Forecast 2020-2030,By By Network Technology