Internet
of Everything or IoE refers to the network of fixed computing devices that are
interrelated individually in the existing internet infrastructure. It is a
concept that widens the Internet of Things (IoT) prominence on
machine-to-machine (M2M) communications. It brings collectively data, people,
process and things to build networked connections more relevant & valuable
than ever before-turning information into actions which generate better
experience, new capabilities and the unprecedented economic opportunity for the
individuals, business and countries. The emergence of IoE technology has
addressed the increase in needs for better lifestyles & energy
optimization. The growth of portable devices like smart-phones & tablets,
support the new technology evolution added to the data input & output,
decentralization & moving to the edge and relation to every technology in
the process of digital transformation.
The
use of IoE are used in city traffic, dynamic pricing, retail, lighting,
transportation, vineyards or farming, office furniture, banking & insurance
and invisibles.
According
to study, “Global
Internet of Everything (IoE) Market, By Technologies, Services, Applications,
Devices, Verticals, & Regions - Trends & Forecast, 2015-2020”
the major companies currently operating in the global IoE market are Cisco
Systems, Inc., Qualcomm Technologies, Inc., PTC Inc., SAP SE, Amazon.com, Inc.,
General Electric Company, Samsung Electronics Co. Ltd., AT&T Intellectual
Property, Schneider Electric SE, Ericsson, Hewlett-Packard Development Company,
L.P, Accenture PLC, Freescale Semiconductor, International Business Machines
Corporation, Fujitsu Ltd., Bosch Software Innovations GmbH, Google Inc.,
Microsoft Corp., Oracle Corporation, Atmel Corporation, Continental AG.
Based
on components, global IoE market is segmented into software, hardware and
services. Software components include data management software, communication
& collaboration software, IT security software, software analytics and
other software. Services components include operation management, consulting,
repair & maintenance and integration & implementation etc. Based on
technologies, market is bifurcated into application technologies, satellite
technologies and infrastructure & network technologies. Application
technologies include data virtualization, big data analytics, cloud
collaborations and enterprise energy management. Satellite technologies include
zigbee, Ethernet, Z-wave, modbus and Power Line Communication (PLC) etc.
Infrastructure & network technologies include 4G or LTE, 3G, Wi-Fi and
Bluetooth.
The
market of global IoE is primarily driven by rising inclination of industries
for instance manufacturing & mining towards process automation. Some other
driven aspects include increasing government initiatives to adopt IoE
technologies and evolution of business models across end-user industries. Apart
from benefits, some of the hinder aspects are increasing data privacy or
security concerns, followed by lack of high speed connectivity in developing &
underdeveloped regions. In addition, some of the new opportunities are rapid
proliferation of connections among electronic devices, rising adoption of
cloud-based IoT solutions and introduction of smart sensors & devices etc.
The
IoE has brought new and vast opportunities for different enterprises ranging
from large enterprises to small & medium enterprises, and even for the
start-ups. The growth of this market is dominated by North America &
Western Europe, and rising markets such as Asia-Pacific (India & China)
& Latin America will see an elevated growth in upcoming. Global IoE market
is expected remain quite competitive, and it is expected to reach US $23.9
trillion, by 2020. Over the forecast period it is also estimated that above 50
billion of devices to get connected to the internet.
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