Internet of Everything Market Share, Global Industry Size, Growth, Competitor Landscape, Regional Outlook 2023 to 2033

The internet of Everything (IoE) market is projected to be worth US$ 1.2 billion in 2023, with an anticipated growth to US$ 5.0 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 15.2%.

FMI, in its recent statement, highlighted the rapid proliferation of connected devices. It also emphasized the noteworthy expansion of technology investments in prominent nations like Finland and Singapore. Additionally, the increasing adoption of ICT (Information and Communication Technology) products, with a particular surge in demand within the Asia-Pacific region, is poised to fuel the exponential growth of the worldwide Internet of Everything (IoE) market.

Further, the explosion of big data and a growing need for enhanced customer experience in public, telecom and media, and banking, financial services and insurance (BFSI) sectors are likely to increase the adoption of IoE solutions and technology in the near future.

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This report includes two segments, namely, business-to-business (B2B) IoE components and IoE verticals. B2B IoE components are further sub-segmented into intelligent systems, infrastructure enablement spending, and services enablement spending.

Among all the aforementioned sub-segments, intelligent systems accounted for more than 80% of the global IoE market share in 2013; however, this is expected to decrease by 620 BPS by 2020. The global IoE market can also be segmented into consumer and B2B verticals. IoE B2B segment growth is 1.1 times of the IoE consumer segment’s CAGR in 2020.

This report also covers eight types of B2B IoE verticals in the global IoE market. Among the B2B IoE verticals, manufacturing and public sectors dominated with over 50% share of the global market in 2013. However, the healthcare sector is anticipated to exhibit the fastest CAGR of 20.6% during the forecast period, followed by the utility sector. Improved eHealth delivery has contributed to the increased uptake of IoE solutions in the healthcare sector.