INTERNET OF EVERYTHING (IOE) MARKET ANALYSIS

Regional Analysis

Global Internet of Everything (IoE) Market- Regional Analysis:

Asia Pacific held a dominant position in the global Internet of Everything (IoE)s market in 2022, followed by the North America and Europe region.

Figure 1. Global Internet of Everything (IoE) Market Share (%), By Region, 2022

Asia Pacific held a dominant position in the Global Internet of Everything (IoE) Market in 2022. Owing to the huge population in the countries like China and India in the region; the number of smart devices is naturally growing exponentially as more people are adopting to the use of advanced gadgets and applications. Asia Pacific has shown a significant growth in the sales of devices like smartphones, laptops, tablets, and other smart devices and components. The growth of the technology sector in the region is one of the major factor that is driving the region towards new heights when it comes to the IoE market. Moreover, the initiatives like smart cities and digital economies, by the governments in countries like India, China, Singapore, etc. are further boosting the market for IoE in the Asia Pacific Region. With respect to these factors, the IoE market in Asia Pacific is expected to show growing trend throughout the forecast period.

North America is another big market for IoE. Owing to the factors like increased spending power, developed economies, highly technologically advanced population, constant technological innovations, etc. the region is expected to hold a strong position in the global internet of thongs market. The presence of highly advanced technological infrastructure in most of the major fields like administration, governance, business, personal lives, education, etc. has provided an extensive groundwork for the IoE market to boom in the region.    

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa