Internet of Everything (IoE) Market Analysis, Size, Share, Growth and Forecasts, 2014 To 2020: Hexa Research

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Internet of Everything (IoE) Market Analysis, Size, Growth and
Forecasts, 2014 To 2020: Hexa Research
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
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establishments;
non-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 Everything (IoE) market.
Browse related category “Mobile Application Market” Report
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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 hightraffic 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.
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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.
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
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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.
Table of Contents
Executive Summary & Digital Transformation industry critical success factors
Industry Outlook
Industry Dynamics
Digital Transformation Market drivers
Digital Transformation Market restraints
Digital Transformation Key Market Opportunities
Digital Transformation Porters Analysis
Digital Transformation - PESTEL Analysis
Digital Transformation - Company Market Share Analysis
Digital Transformation Application Outlook
Digital Transformation Regional Outlook
Digital Transformation Company profiles
Research Methodology
Research scope & assumptions
List of data sources
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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.