Press release
Internet of Everything Market - Analysis, Growth, Drivers, Restraint, Trend and Forecast
IOE Market
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Drivers, Restraints, and Opportunities
Increase in Government Initiatives to Adopt Internet of Everything (IoE) Technologies
Government organizations in the developed and the developing nations, such as Germany, Russia, India, Mexico, and Brazil, focus on introducing various IT projects to encourage the end users to increase expenditures on innovative technologies to enhance customer experience. For instance, the Malaysian Ministry of Science, Technology, and Innovation (MIMOS) launched the National Internet of Things (IoE) Strategic Roadmap in July 2015 to drive the adoption of Internet of Everything (IoE), which is expected to contribute $2.49 billion to the countrys gross national income by 2020.
Introduction of Smart Sensors and Devices
The growth in automation of manufacturing and operational processes across the industrial sector has encouraged the demand for smart sensors and devices. In addition, enhancing Internet of Everything (IoE) component providers to come up with advanced sensors, systems, and solutions to meet customer expectation. For instance, in 2016, ABB Ltd. in collaboration with EM Microelectronic developed a smart sensor hardware that is used to transform traditional motors into an intelligent machine. It allows operators to get regular updates regarding operating conditions of the motor and scheduled repair & maintenance.
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Internet of Everything (IoE) Market Key Segments
By Component
• Hardware
• Software
• Services
By Industry Vertical
• Government
• Retail
• BFSI
• Healthcare
• IT & Telecom
• Manufacturing
• Energy & Utilities
• Transportation & Logistics
Key Market Players
• Amazon Web Services, Inc.
• AT&T, Inc.
• Cisco Systems, Inc.
• IBM Corporation
• Hewlett Packard Enterprise Development LP
• Microsoft Corporation
• Google, Inc.
• Bosch Software Innovations GmbH
• Fujitsu, SAP SE.
The other key players include General Electric (GE), Royal Dutch Shell, Peach John Co. Ltd, Sams West, Inc., Wal-Mart Stores, Inc., ABB Ltd., Daimler AG, Qualcomm Technologies, Inc., C-Labs Corporation, Wipro, and Software AG.
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