ACCESS Newswire
30 Jul 2020, 20:25 GMT+10
Leading developers in the Internet of Everything (IoE) market are experimenting extensively with artificial intelligence and automation functionalities, for customized solutions, as per end user needs.
DUBAI, UAE / ACCESSWIRE / July 30, 2020 / The Internet of Everything (IoE) market is projected to grow at a staggering 15.2% CAGR though to 2030. With the fast spread of the coronavirus pandemic, the industry has gained major growth opportunities in the healthcare sector in terms of hospital administration, tracking patient status, medication dosages, schedules of healthcare professionals, and patient data archiving among other things. The impending arrival of 5G networks will be critical in boosting the potential applications of IoE.
'The massive rise in the number of smartphone devices, coupled with the popularity of online transactions industry 4.0 practices, and a jump in government investment to integrate Internet of Everything (IoE) tech into infrastructure will bolster market growth post the end of the pandemic,' says FMI.
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Internet of Everything (IoE) - Primary Takeaways
Internet of Everything (IoE) - Growth Factors
Internet of Everything (IoE) - Major Constraints
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The Projected Impact of Coronavirus
Numerous businesses have been allowing employees to work from home to contain the spread of the coronavirus contagion. The growing popularity of agile and flexible operations during the crisis period are generating key opportunities for Internet of Everything market players towards the development of software, wireless connection, and sensor technologies, particularly associated to healthcare management applications for the duration of the pandemic.
Competition Landscape
The Internet of Everything (IoE)s comprises players including but not limited to IBM Corp., Samsung Electronics, Hewlett Packard, Cisco Systems, Telefonica, Apple, and Google.
Market players are extensively investing in research and development endeavors to identify potential applications of internet of everything across multiple end user sectors including automotive, manufacturing, and consumer goods.
For instance, Nike has revealed its range of IoE based connected clothing and gear. Further, Google has been experimenting with completely automated transport and travel networks. Cisco is working on IoE software solutions including fog computing and decentralized cybersecurity solutions for non-distributed cloud systems.
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More About the Study
The FMI study provides detailed insights on Internet of Everything (IoE). The market is broken down in terms of component (hardware, software, and services), network technology (Wi-FI, Bluetooth, NFC, and others), application (smart homes, mobile & wearable device, connected cars, smart cities, and others) and vertical (BFSI, manufacturing, transport & logistics, healthcare, IT & telecom, retail, energy & utility, and others), across six key regions (North America, Latin America, Europe, East Asia, South Asia Pacific, and MEA).
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About Future Market Insights
Expert analysis, actionable insights, and strategic recommendations of the experienced research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of more than thousand reports and 1 million+ data points, the team has studied the electronics, semiconductors, and ICT sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Report: https://www.futuremarketinsights.com/reports/global-internet-of-everything-market
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SOURCE: Future Market Insights
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