The internet of everything (IoE) market witnesses substantial revenue growth. Factors such as the proliferation of the Internet of Things (IoT) and machine-to-machine (M2M) communications drive the market growth. Besides, growing uses of machine-to-people (M2P) and technology-assisted people-to-people (P2P) interactions create substantial market demand.
With the IoT quickly becoming IoE and more connected devices and objects able to collect and transmit data over the internet, the market is expected to garner significant traction in the next few years. According to Market Research Future (MRFR), the global internet of everything (IoE) market is poised to grow at a whopping 19.5% CAGR throughout the forecast period (2018-2023).
Additionally, automation of thing communications, alongside the growing user-generated communications and interactions associated with the global entirety of networked devices, boosts the market size. Rising deployments of IoT devices and growing automation across industries create vast market demand.
The rise in deployments of connected devices and digital sensors, remote appliances, and connected mobile devices push the market sale. Furthermore, the emergence of disruptive technologies such as artificial intelligence (AI) and big data analytics, along with the rising cloud computing infrastructure services, act as major tailwinds for the market increase.
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IoE Market – Competitive Landscape
Highly competitive, the IoE market appears fragmented, with several well-established players forming a competitive landscape. Innovation, mergers & acquisitions, and brand reinforcement remain key trends for these players to gain a larger competitive share. They make substantial R&D investments in the development of new technologies and cost-effective portfolios. Also, considerable investments are fostered in expanding global footprints and gaining diverse expertise.
IoE Market Key Players:
IoE Market – Segments
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Internet of Everything Market – Geographical Analysis
North America leads the global internet of everything (IoE) market. Factors such as the presence of network giants and increasing adoption of Narrowband IoT modules & applications drive the market growth. Besides, advanced network infrastructure and increased IoT expenditure among the leading industrial giants substantiate the market size. North America is likely to remain the dominating region during the forecast period.
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