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The Internet of Everything (IoE) brings people, process, data and things together to form a networked connection which is more beneficial. The market is still in its nascent stage. The Global Internet of Everything (IoE) Market offers operational efficiency and enables better decision making. Increase in internet usage drives the IoE market growth. A strong demand across several entities high-speed processors, internet security and high network speed equipment sustains demand for IoE.

Market Analysis

The Global Internet of Everything (IoE) Market will be growing at a CAGR of 15.3% during the forecast period 20152020.

Increased adoption of IoE by state, federal, and local governments, non-governmental organisations, healthcare organisations, utilities, educational institutions drive the growth of the Internet of Everything (IoE) Market.

Internet proliferation, focus on big data, government initiatives, innovation in manufacturing technology are few growth propelling factors. Data transfer speed is a major constraint in the IoE environment due to the need for high traffic data transfer.

The Global Internet of Everything (IoE) Market is impacted by several technology trends such as mobility, data analytics, social networks, and cloud computing.

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Growth potential is high in the emerging markets of Asia Pacific and Latin America. India and China are the fastest growing countries in the developing market. SMEs are the major end users for this technology as it yields them competitive advantage. Increasing FDI investments, improving connectivity, infrastructural investments and government initiatives for digital will positively impact the market.

Regional Segmentation

The Global Internet of Everything (IoE) Market is segmented and analysed by six regions- North America, Western Europe, Asia Pacific, Central Eastern Europe, Latin America and the Middle East & Africa. Each region is analysed in terms of technology, services, applications, and devices.

Segmentation by Technology

The Internet of Everything (IoE) Market is segmented and analysed by Infrastructure and Network Technologies and Application Technologies.

Key Vendors

Some of the key industry players include Bosch, Cisco, Ericson, IBM, Intel, and Oracle. The report also includes companies to watch for such as Axiros, Sigfox, and Wireless Logic Group.

Current and predicted business strategies for the leading companies of the market such as Cisco System Inc., PTC Inc. & Qualcomm Technologies, and Intel. Total 23 companies are covered.

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Competitive Analysis

Competitive analysis (i.e. current and future key business strategies of the competitors and their regional growth). A detailed competitive profiling of all the major vendors in the market. Competitive benchmarking in terms of product/service offerings, mergers and acquisitions, strategic alliances, business strategies etc.

Benefits

The report will be useful for the key stakeholders of the IoE market such as technology providers, device providers, and application providers in the following ways:

The report provides an in-depth analysis of the Internet of Everything (IoE) market globally. Bringing out the key insights of the industry, the report aims to provide an opportunity for players ranging from SMEs to larger enterprises and even for the start-ups to understand the latest trends and technologies related to the IoE market.

The report provides a detailed analysis of the global industries in terms of technology, services, applications, devices, verticals and regions. The report entails information related to the latest industry and market trends, key stakeholders, industry pest analysis and competitive landscape. It includes implementation, opportunities and adoption rate of IoE in the industry. It also includes the end user analysis. This analysis was done based on global end user survey.

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Global Internet Of Everything (IoE) Market to Witness a Healthy Growth during 2020 - Statsflash

The data of many Nigerians entrusted with organisations and individuals are daily compromised. This has increased worries about the security of Nigerias cyber space. NAN reports.

OFTEN Nigerians are inundated with messages on their telephone sets and e-mails asking them to subscribe to goods and services.

The recipients, especially public service workers, are encouraged to apply for loans from micro-credit outfits on very liberal conditions, including not providing securities for the facilities.

Repayments for such loans, which can be obtained within 24 hours, are cheap with interests on single digit.

Others request prospective subscribers to buy household goods on credit and the repayment plan spread overtime.

Prospective subscribers are asked not to worry about the mode of repayment since the vendors can access their payroll information from their employers.

This has often been the case with Federal Government employees enrolled in the Integrated Personnel Payroll Integrated System (IPPIS).

While the promoters of the services claim they work with IPPIS, the agency under the Office of Accountant-General of the Federation, denies knowledge of the transactions. Meanwhile, the workers on the receiving end moan.

Apart from public sector workers, bank customers receive similar solicitations from banks which they do not bank with. The banks ask them to apply for loans.

For instance, in 2015, Amecom investment, a marketing company based in Abuja approached staff of a government agency to solicit patronage for its goods. In spite of not supplying goods, IPPIS deducted sums from the salaries of persons who showed interest.

Mr Livinus Ugochukwu, a former employee of News Agency of Nigeria (NAN) said that in August 2018, IPPIS deducted N10,158.33 from his salary and credited Full Range Micro-Finance company, an organisation he did not know.

Ugochukwu said IPPIS also deducted N8,784 from his salary in May and credited Brain Integrated System, another organisation he did not know.

Another public sector worker, Mrs Hadiza Aliyu, said she received a text message from CreditWallet, a micro-credit company, telling her that she had been pre-qualified for N500,000 loan.

On enquiry about how the loan would be re-paid, a desk officer with the company said the group was working with IPPIS.

In all cases, the data of the prospective subscribers are compromised by organisations and individuals they had been entrusted. And so many worry about the security of Nigerias cyber space.

This is more so as Nigeria works toward establishing a digital economy with the re-christening of Ministry of Communications as Ministry of Communications and Digital Economy.

Cyber security or information technology security is the body of technologies, processes and practices designed to protect networks, devices, programmes and data from attack, damage or unauthorised access.

Highly beneficial to government, the military, corporate institutions who store unprecedented, sensitive information on computers and other platforms, such data require protection.

According to Deloitte, a multinational network company that provides audit, tax, consulting, enterprise risk and financial advisory services, countries, including Nigeria, are facing cyber security breaches.

The most recent case was the Facebook data scandal that affected up to 87 million users, while there were cases of phishing attacks, malicious software embedded at the point of payment and ransomware that affected unsusceptible citizens.

Central Bank of Nigerias Cyber Security Framework and the European Unions General Data Protection Regulation (GDPR) raised awareness on cyber security in the country in 2018.

An ICT security expert, Mr Kenneth Okereafor, said there were serious cyber attacks on public, private sector targeting vital operations and assets.

Okereakor said the attacks were organised, disciplined, aggressive, well resourced with perpetrators as nations, terrorist groups, criminals, hackers or people with intention to compromising internet security.

Currently, there is effective deployment of malicious software causing significant potential disruption of critical information systems and services, as well as over commercialisation of cyber security skills and the exploitation of citizens ignorance.

The expert said a survey reported that 60 per cent of Nigerian firms suffered cyber attack yearly.

He claimed the Federal Government lacked guidelines and standards for the acquisition of technology infrastructure and solutions across systems as well as risk management processes.

The mechanism for cyber incident response is not standardised in agencies, government enforcement of compliance to existing cyber security legislations is weak and there is no prioritisation of cyber security capacity development in federal agencies.

Okereafor urged government to adopt a single Technology Risk Management Framework supported by legislation to incorporate internet security as part of information system acquisition and implementation.

As an oversight, the Federal Government can create a single Technology Risk Body to provide a consistent framework for protecting information at all levels.

He said with cyber risk management framework, citizens and the country would have enabled strategic, long- term and short-term cyber security and consistent management of technology supply chains.

The expert said the framework would bridge the gap between technology and business and provide realistic support for existing, future regulation requirements.

Dr Vincent Olatunji, the Chairman, Data Implementation Committee, National Information Technology Development Agency (NITDA), also acknowledges the threat to Nigerias cyber space.

Olatunji said: Individuals own their information. Data collected on a consumer cannot be sold to third parties.

Companies must protect an individuals Internet Protocol (IP) address or cookie data with the same rigor as a name, address, national identity number and bank verification numbers and also request for data transfer.

He said if cyber security must be applicable to systems in the country, privacy of data must be designed in respect of the data subject and policies and procedures for managing security breaches put in place.

Businesses need to review their data protection policies, technology for compliancy; they should encrypt data in their possession and be up to date with security solutions.

Personally obtained data and collected by a data controller with consent from the subject should be used for the specific purpose and not for the promotion of businesses or distributed without authorisation, Olatunji said.

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Concern rises over Nigerias cyber space - The Nation Newspaper

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Global and Regional IT Security Spending Market 2019 by Manufacturers, Countries, Type and Application, Forecast to 2025 - Industry News Releases

Cyren (NASDAQ:CYRN) released its earnings results on Wednesday, November 13th. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.01, Fidelity Earnings reports. The firm had revenue of $9.50 million during the quarter, compared to analyst estimates of $9.80 million. Cyren had a negative return on equity of 68.95% and a negative net margin of 47.56%.

Shares of NASDAQ:CYRN opened at $1.35 on Friday. Cyren has a 1 year low of $1.30 and a 1 year high of $3.00. The stock has a market capitalization of $80.08 million, a P/E ratio of -4.35 and a beta of 0.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50-day simple moving average of $1.56 and a 200-day simple moving average of $1.63.

Several brokerages recently commented on CYRN. ValuEngine raised shares of Cyren from a hold rating to a buy rating in a research report on Wednesday, September 4th. B. Riley reissued a buy rating and set a $3.00 price objective on shares of Cyren in a research note on Friday, September 13th. Finally, Zacks Investment Research raised Cyren from a hold rating to a buy rating and set a $1.75 target price on the stock in a research report on Tuesday, November 19th.

About Cyren

CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions worldwide. The company operates Cyren Cloud Security, a SaaS security platform, which provides Internet security services, including Web Security that provides the enforcement of Web policy and state-of-the-art threat protection for business users; DNS Security, which allows businesses to protect employees at headquarters, visitors in remote offices, customers at retail stores, or students on a campus; Email Security, a cloud-based secure email gateway; and Cloud Sandboxing that protects businesses against breaches and data loss from threats.

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Cyren (NASDAQ:CYRN) Issues Earnings Results - Riverton Roll