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

Factors Driving Growth of the Global Internet of Everything (IoE) Market

Favourable government initiatives related to smart city projects across the globe is expected to fuel growth of the global internet of everything (IoE) market. For instance in June 2015, Government of India launched “100 Smart Cities Mission” with an allocated budget of US$ 6.9 billion.  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 the 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, analyse it, and then use it for lighting, parking, traffic, and waste management; citizen engagement; safety and security. Moreover, increasing adoption of internet of things (IoT) by supply chain, manufacturing, and retail industries to optimize workflow, better allocation and utilization of assets, and reduce operating costs are expected to drive growth of the internet of everything (IoE) market over the forecast period.  

Factors Restraining Growth of the Global Internet of Everything (IoE) Market

Concern about security and privacy of data is a major factor restraining growth of the market, as 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 growth of the global internet of everything (IoE) market over the forecast period.

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 internet of things (IoT), artificial intelligence, and automation technologies among others are highest. Moreover, this region has number of companies which 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 growth of this market over the forecast period.  Moreover, increasing adoption of smart technologies by retail, transportation, telecom, and manufacturing sectors in North America region is expected to drive growth of the market over the forecast period.

Key Players in the Global Internet of Everything (IoE) Market

Key players operating in the global internet of everything (IoE) market include 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.

Global Internet of Everything (IoE) Market: Taxonomy

The global internet of everything (IoE) market is segmented on the basis of component, end-use industry, and region

  • On the basis of component
    • Hardware
    • Software
      • IT Security Software
      • Data Management Software
      • Communication and Collaboration Software
      • Software Analytics
      • Others
    • Services
      • Consulting
      • Integration & Implementation
      • Operation Management
      • Repair & Maintenance
  • 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
  • On the basis of region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users