Global Internet of Everything (IoE) market is a very competitive market and it is estimated to reach $23.97 trillion by 2020.
The Global Internet of Everything (IoE) market is one of the hottest markets across the globe and is said to be the next level of IoT. The IoE is a combination of person to person (P2P), machine to machine (M2M) and person to machine (P2M) connections. The IoE technology allows smart/intelligent devices to communicate with each other through the internet, collect data, analyse and process the data without much involvement of the people thereby delivering unique information to the users on demand.
Although, the IoE market is currently in a nascent stage however, the increasing demands from the consumer, enterprise and government sectors are resulting in a rapid growth of this market providing ample business opportunities for various players like telecom, application, service, and hardware providers. Despite, certain factors like privacy, security, and lack of awareness may still impact the growth of the IoE market.
The IoE is a heterogeneous platform introducing new innovative technologies in the market such as fog computing and network technologies.
Source: research and markets
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