Internet of Everything Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Internet of Everything (IoE) Market covers analysis by End-user Verticals and Technologies, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPTE100000140
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
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Improvements in the internet technology through which sending and receiving of data between smart devices via network connectivity have led to innovation of new technology called Internet of Everything (IoE). IoE is a combination of Internet of people (IoP) and machine to machine (M2M). The use of M2M communication technology is primarily for the monitoring of remotely connected machines, thereby converting them to intelligent assets. Cellular network, radio-frequency identification (RFID), intelligent sensors, and connectivity platforms are the major components of M2M communication. Whereas, IoP includes all the devices and electronic systems that communicate data with end users.

IoE specifies to consumer products and devices linked to the internet and have digital features. It is an ideology for future with different types of devices, products and appliances connected to the worldwide internet. Thereby, enabling smarter machines that have more access to data and enhanced networking opportunities. IoE caters to an array of applications that include industrial machine learning systems, digital sensor interfaces/tools utilized for remote appliances, smarter and connected mobile devices and other distributed smart/automated hardware.

The global IoE market is segmented into two end-user verticals: business to business (B2B) and consumer. The B2B segment is further sub-segmented into public sector, transportation sector, communication & media sector, healthcare sector, retail sector, manufacturing sector, BFSI (banking, financial services and insurance) sector and utility sector. Among these mentioned IoE B2B verticals, manufacturing sector heads the global IoE market and then the public sector. Though, healthcare sector market is growing fastest across the world. The IoE market is bifurcated based on technologies into application technologies, infrastructure technologies and network technologies. The global IoE market is bifurcated on the basis of regions into North America, Europe, Asia Pacific, South America and Middle East & Africa.

North America dominates the global IoE market followed by Europe and Asia Pacific. IoE market is a growing market as it generates extraordinary opportunities for organizations, individuals, communities and countries to gain huge value from networked connections through data, processes, things and people. The major reason for the growth of IoE market in the upcoming years is the highly growing use of the internet. The market is in the promising stage and is expected to grow further as it offers benefits like decision making and enhancing operational efficiency. It performs merging of technologies such as mobility, data analytics, social networks and cloud computing by way of inexpensive intelligent sensors. The growing acceptance by local, federal and state governments; non-governmental organizations, healthcare organizations and educational institutions creates many opportunities for IoE market in the future. The growing demand between high speed processors, high network speed and internet security equipment helped to create the stable market.

Internet security is an issue that can hampers the market growth. Also, low speed of internet is a major restraint in IoE market. Advancements in standardized technologies and ultra-low power will also help in the growth of IoE market. The development of big-data analytics has taken wireless enabled services and applications of IoE to a new level creating a demand for the IoE market.

PTC Inc., Axiros GmbH, Hewlett-Packard Development Company, L.P, SAP SE, Oracle Corporation, Apple Inc., Continental AG, Atmel Corporation, Accenture PLC, Cisco Systems, Inc., Microsoft Corporation, International Business Machines Corp., Ericsson, Schneider Electric SE, Amazon.com, Inc., Freescale Semiconductor, General Electric Company, Enlighted Inc., Samsung Electronics Co. Ltd., Telefonica S.A, Qualcomm Technologies, Inc., Altimetrik Inc. and Wireless Logic Group Ltd are some of the key players in the industry. REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Companies Mentioned

- PTC Inc.
- Axiros GmbH
- Hewlett-Packard Development Company, L.P.
- SAP SE
- Oracle Corporation
- Apple Inc.
- Continental AG
- Accenture PLC
- Cisco Systems, Inc.
- Microsoft Corporation
- International Business Machines Corp.
- Ericsson
- Atmel Corporation
- Schneider Electric SE
- Amazon.com, Inc.
- Freescale Semiconductor
- General Electric Company
- Enlighted Inc.
- Samsung Electronics Co. Ltd.
- Telefonica S.A
- Qualcomm Technologies, Inc.
- Altimetrik Inc.
- Wireless Logic Group Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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