Technology Internet of Everything Market Overview | Page 2

Your Catalyst To a Lucrative Business
Market Restraints
Internet security issues are likely to hamper the future prospects of the Internet of Everything (IoE) market.
Lack of high-speed connectivity in many regions will pose a challenge for high-traffic data transfer, thereby
restricting further growth of the market.
The success of the Internet of Everything (IoE) market depends on some factors. These are compatibility of
hardware and software; proper synchronization; improvements in wired and wireless infrastructure;
advancements in data mining; and analysis; etc.
Business Verticals - Insights
The Internet of Everything (IoE) market can be divided into two business verticals - business to business (B2B)
and consumer.
B2B can be further spit into retail; manufacturing; transportation; banking; financial services & insurance;
utility; healthcare; public; and communication & media. Within the B2B vertical, the highest demand for IoE
services was generated by the manufacturing sector.
Manufacturing captured a share of over 30% in 2013. Public followed manufacturing and was valued at 20% of
the worldwide Internet of Everything (IoE) market. Healthcare, with a CAGR of more than 20% from 2014 to
2020, is foreseen to grow most rapidly.
The consumer business vertical registered income worth about USD 624 billion in 2013.
Regions - Outlook
The key regional segments in the Internet of Everything (IoE) market are Asia Pacific, Latin America, Middle East
& Africa, Japan, North America, Eastern Europe and Western Europe. North America assumed leadership in
2013. It accounted for more than 33% of the total revenue. The region is likely to grow strongly at a CAGR of
14% by 2020.
It was followed by Western Europe. Western Europe and Asia Pacific together, contributed approximately 20%
of the worldwide Internet of Everything (IoE) market revenue in 2013. Asia Pacific is anticipated to grow the
fastest. It would expand at a CAGR of more than 18.5% from 2014 to 2020.
Components - Overview
Based on components, the Internet of Everything (IoE) market is categorized into infrastructure enablement
spending; intelligent systems; and services enablement spending. Intelligent systems were worth USD 1,500
billion in 2013.
They are expected to grow at a CAGR of 15% from 2014 to 2020. Infrastructure enablement spending is likely to
be the fastest growing component by 2020. It is estimated to register revenue worth around USD 1,160 billion
in 2020.
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