Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Internet of Everything (IoE) Market size is expected to reach $2.7 Trillion by 2028, rising at a market growth of 16.4% CAGR during the forecast period.
The Manufacturing market has acquired the maximum revenue share in the Global Internet of Everything (IoE) Market by Vertical in 2021, thereby, achieving a market value of $645.3 Billion by 2028. This is a result of manufacturers investing more in IoE solutions and technology to streamline operations, achieve the best results, and satisfy customers' growing demands. Moreover, with the introduction of automation in manufacturing operations, companies are significantly boosting their production capacities.. Hence, this factor would bolster the growth of this segment of the market.
The Services market has shown the high growth rate of 17.1% during (2022 - 2028). IoE services, notably consultancy and deployment & integration services, have become increasingly important as a result of the expanding use of IoE technology and solutions across important and developing B2B verticals like the industrial, retail, healthcare, and public sectors.
The North America market dominated the Global Internet of Everything (IoE) Market by Region in 2021, thereby, achieving a market value of $905.5 Billion by 2028. The Europe market would register a CAGR of 15.9% during (2022 - 2028). Additionally, The Asia Pacific market is registering a CAGR of 16.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon Web Services, Inc. (Amazon.com, Inc.), AT&T Intellectual Property, Bosch.IO GmbH (Robert Bosch GmbH), Cisco Systems, Inc., Fujitsu Limited, Google LLC, Hewlett-Packard Enterprise Company, IBM Corporation, Microsoft Corporation, and SAP SE.
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