Internet of Everything (IoE) Market 2020: INDUSTRY ANALYSIS AND NEW MARKET OPPORTUNITIES EXPLORED WITH HIGH CAGR AND RETURN ON INVESTMENT BY 2027

Internet of everything is a network of embedded computing devices that are interconnected in the existing internet infrastructure. It is an extension of the internet of things (IoT) where only connects data and systems, while IoE integrates people, processes, data, and things (systems) in a networked connection. IoE includes the connection between machine-to-machine (M2M), person-to-person (P2P), and person-to-machine (P2M).

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Key Players in the Global Internet of Everything (IoE) Market:
CISCO Systems, INC., Amazon Web Services Inc., AT&T, IBM Corporation, Microsoft Corporation, SAP SE, Google Inc., Fujitsu, Intel Corporation, PTC Inc., and Bosch Software Innovation GMBH.

Growth Factor:
Governments across the globe are trying to use data and technologies to improve the lives of citizens and businesses by developing connected infrastructure. Internet of Everything (IoE) creates an opportunity for the government to make significant advancements in citizen services by leveraging Big Data and other smart technologies, which is expected to boost the communication infrastructure. The government can gather information generated through the M2M, P2P, and P2M communication, analyze it, and then use it for lighting, parking, traffic, and waste management; citizen engagement; safety, and security.

Global Internet of Everything (IoE) Market: Taxonomy:
1. On the basis of component
-Hardware
-Software
-Services

2. On the basis of end-use industry
-Banking, Financial Services, and Insurance (BFSI)
-Manufacturing
-Government
-IT and Telecom
-Retail
-Energy and Power
-Transportation and Logistics
-Others

3. On the basis of region
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa

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Regional Analysis of Internet of Everything (IoE) Market:

On the basis of region, the global internet of everything (IoE) market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. In 2018, North America accounted for the largest share in the internet of everything (IoE) market and is expected to retain its dominance over the forecast period. North America region comprises countries such as the U.S. and Canada, where the adoption of advanced technologies such as the internet of things (IoT), artificial intelligence, and automation technologies among others are highest.

Moreover, this region has a number of companies that are early adopters of advanced technologies For instance, companies such as Google and Uber are using IoE and IoT solutions for their connected and autonomous vehicle testing. Furthermore, the presence of leading IoE solution provider companies such as CISCO Systems, INC., AT&T, IBM Corporation among others in this region is expected to drive the growth of this market over the forecast period. Moreover, increasing the adoption of smart technologies by retail, transportation, telecom, and manufacturing sectors in the North America region is expected to drive the growth of the market over the forecast period.

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Factors Restraining Growth of the Global Internet of Everything (IoE) Market:
Concern about security and privacy of data is a major factor restraining the growth of the market, as the internet of everything (IoE) technology is used in surveillance and financial scams among others. Moreover, inadequate communication infrastructure in emerging economies such as India and Brazil is expected to hamper the growth of the global internet of everything (IoE) market over the forecast period.

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