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Possibility of Increasing Security Threats in the Emerging Global Internet of Everything Market

Blog Description

The Internet of everything is what can be called a network of real objects such as sensors, circuits, electronics, and connectivity parameters, connected
to each other in order for them to exchange data within their own system. It allows the sensing and analysis of any object that falls within the network,
which can be done by remote or robotic means. The global Internet of everything (IoE) market therefore clears the previously unsurpassed bridge of
seamlessly connecting the physical world with the virtual one. Philip N. Howard, in June 2015, said that the Internet of everything will include nearly 50
billion objects before the end of 2020.

Browse the full Global IoE Market Report:

Some of the key competitors in the global market for Internet of everything include Samsung Electronics Co. Ltd., Hewlett-Packard Company, Telefonica S.A.,
Google Inc., Accenture Inc., Vodafone Group Plc., Apple Inc., Cisco Solutions Inc., and IBM Corporation. The key regions for the global market for the
Internet of everything are MEA, Asia Pacific except Japan, Japan, Western Europe, Eastern Europe, and North America.

Consumer and B2B Segments Rally the Global IoE Market

In 2013, the global market for the Internet of everything was worth US$2,426.8 billion. By 2020, the market will grow at a CAGR of 16.4% from 2014 and will
be worth US$7,130.4 billion. Within the market, connected IoE devices held 10.2% in terms of installation bases. IoE solutions are set to grow even further
owing to market penetration of connected devices and high-tech budget implementations by governments.

Within all of this lie the two segments that are expected to boost the global market for the Internet of everything: business to business (B2B) and
consumer. 25.7% of the global market for the Internet of everything was held by the consumer vertical in 2013. It is, however, expected to lose a
significant chunk of its share to the growing B2B vertical. Within the B2B vertical, the sub-segment of manufacturing had held a 34.1% share in the market
in 2013. The sub-segment of the public sector held 20.4% of the market during the same time. The fastest growing segment of healthcare is expected to show
a 20% CAGR from 2014 to 2020.

Growing Challenges in the Global Market for the Internet of Everything

Two of the greatest obstacles faced by the global market for the Internet of everything are:

  • Compatibility
    – there is, as of now, no universal language or protocol to help connect different objects to each other. This means that objects created by different
    brands could have problems synchronizing to each other.
  • Security
    – the huge stack of critical private information that an Internet of things will have to possess will be astounding and will make it all the more
    lucrative for someone to hack into this network to access the information. Various methods are being used to prevent leakage of data, such as memory
    storage segmentation. IBM has even released their own high-resistance mainframes to be implemented in the Internet of everything.

Keeping these challenges in view, we can see that the global market for the Internet of everything will require time to become streamlined. In the
meanwhile, innovations continue to impress as the IoE era dawns.