INTERNET OF EVERYTHING (IOE) MARKET ANALYSIS
Global Internet of Everything (IoE) Market size was valued at US$ 1049.75 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 15.2% from 2023 to 2030.
Global Internet of Everything (IoE) market was valued at US$ 1049.75 Billion in 2022 and is expected to reach US$ 3248.57 Billion by 2030, exhibiting a CAGR of 15.2% between 2022 and 2030.
Global Internet of Everything (IoE) Market- Driver
Increasing use of IoE backed devices:
IoE backed devices like smartphones, laptops, tablets, smart wearable, etc. are increasingly growing in demand as the world is adopting to the world of technology. These devices are increasingly becoming the part of life for people with their integration and applications in all walks of life. As the use of these devices increases, the prospects of evolution of IoE would keep on expanding. For instance, according to an article published in Exploding Topics in March 2023, the data from Finance Online the volume of IoE devices is expected to grow significantly from the current number of 7 billion devices to around 25 billion devices by 2030. This staggering growth in the number of IoE devices is the testimony to the fact that the IoE market would grow exponentially during the forecast period.
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