Connected Enterprise Market Overview:
The Connected Enterprise Market is valued at USD 280.74 billion in 2022 and is projected to reach a value of USD 3167.62 billion in 2030 expanding at a CAGR of 28.4% over the forecast period of 2022-2030.
A connected enterprise typically facilitates machine monitoring and links it to all business centres to produce real-time capabilities that enable predictive analytics and provide greater insight. The linked enterprise facilitates decision-making and expedites the process.
Implementing connected enterprise affords businesses a competitive edge over their rivals since it speeds up operations and draws clients by providing higher-quality services. Additionally, as individuals prefer more technologically advanced services at relatively modest costs, it gives businesses the opportunity to benefit from getting more customers.
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Growth Factors Analysis:
Businesses are using digital technology to change internal operations, enhance customer experiences, and react swiftly to new possibilities and hazards. Industry collaborations that make use of linked technologies are also becoming more and more common as a way to boost productivity, agility, and business process management. For instance, a strategic alliance between Microsoft India, a subsidiary of Microsoft Corporation, and Tata Motors, an Indian multinational car manufacturer, was launched in October 2021 with the goal of providing Indian consumers with connected and personalized driving experiences.
Furthermore, the market is expanding due to the growing demand for automated procedures and increased client services. In addition, companies are looking for creative approaches to separate themselves from competitors and fend off challenges from upstarts. The use of connected solutions to boost profit margins and create new revenue streams is growing in popularity. Therefore, the market continues to grow due to the growing need for cloud computing and automation across sectors.
Market Trends:
Real-time asset monitoring is made possible by connected enterprise solutions, which help businesses optimize their operational efficiency. For example, employing 4G LTE connectivity and battery-operated sensors to monitor temperature changes in shipping containers impacts their quality.
Throughout the course of the projection period, the market has grown as a result of the growing requirement for automation and cloud computing across all industries. This is to improve customer experiences during the projected term and to change the company's operations.
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Market Segmentations:
Based on Component
- Solution
- Services
Based on Solution
- Manufacturing Execution Systems (MES)
- Customer experience management
- Business analytics
- Application value management
- Remote monitoring
Based on Services
- Professional
- Managed
Based on Application
- Manufacturing
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Food & beverage
- Others
Market Geographically Analysis:
There are four primary regions that make up the Connected Enterprise Market: North America, Europe, Asia Pacific, and Middle East & Africa. Over the course of the projection period, North America has dominated the regional arena among these. This is because industry growth is being fuelled by rising technology spending and the expanding need for connected infrastructure. Additionally, the desire for greater flexibility and usefulness as well as the increasing prominence of automation have spurred market expansion in the area.
Key Companies Involved in this market are:
- Rockwell Automation, Inc.
- IBM Corporation
- PTC, Inc.
- Microsoft Corporation
- and Honeywell International Inc.
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According to research report "Connected Enterprise Market by Platform (Device, Connectivity Management & Application Enablement), Solution, Service (Professional and Managed Services), Vertical, and Region - Global Forecast to 2021", The connected enterprise market size is expected to grow from USD 102.60 Billion in 2016 to USD 400.87 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.3% during the forecast period.Browse 70 market data tables and 50 figures spread through 148 pages and in-depth TOC on “Connected Enterprise Market - Global Forecast to 2021”The major drivers of this market include increasing need for automation and cloud computing across industries, rising adoption of devices are generating voluminous data for better processes and operations, and growing technological advancements in enterprises.
Furthermore, the rising adoption of Internet of Things (IoT)-enabled applications in Small and Medium Businesses (SMBs) provides huge opportunities for IoT platform vendors, service providers, application providers, and consulting companies.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202644707Continuous technology advancements such as big data, cloud and streaming analytics are further driving the use of connected enterprises solutions and servicesRapid technological changes in IT have helped organizations across industry verticals to increase operational efficiency and provide proficient customer services..
Earlier, platform providers would provide only a single platform for managing devices or connectivity, but nowadays, a more integrated approach towards connected technology is being adopted.Increasing demand for system integrators is the driving factor of professional services in the connected enterprise marketThe professional services are classified into three major categories, namely, training & consulting, integration services, and support & maintenance.
Service providers help the clients in designing, planning, and deploying the new system into their existing IT infrastructure.
The connected enterprise market in Asia-Pacific (APAC) and Middle East & Africa (MEA) is expected to witness high growth due to the presence of a large number of manufacturing, industrial automation, and retail establishments.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=202644707The major vendors covered in the connected enterprise market for this study include PTC (U.S), Microsoft Corporation (U.S.), IBM Corporation (U.S.), General Electric (U.S.), and Cisco Systems, Inc. (U.S.).About MarketsandMarketsMarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports.
Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M is catering to a multitude of clients across 8 different industrial verticals.
The latest trending report Global Connected Enterprise Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Connected Enterprise market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 24.3% in the forecast period of 2020 to 2025 and will expected to reach USD 364510 million by 2025, from USD 152880 million in 2019.The Connected Enterprise market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/47147-connected-enterprise-industry-analysis-reportThe major players covered in Connected Enterprise are:Rockwell Automation, Inc.General Electric CompanyMicrosoft CorporationIBM CorporationCisco Systems, Inc.PTC, Inc.Jacobs Engineering Group, Inc.AcceleriteHoneywell International Inc.HARMAN InternationalMachineShop Inc.Verizon Communications Inc.Wipro Ltd.By Type, Connected Enterprise market has been segmented into: Connectivity Management Application Enablement and Development Device ManagementBy Application, Connected Enterprise has been segmented into: Manufacturing BFSI IT & Telecom Retail Healthcare Food & beverage OthersThe report offers in-depth assessment of the growth and other aspects of the Connected Enterprise market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia) South America (Brazil, Argentina, Colombia) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Connected Enterprise Market @ https://www.decisiondatabases.com/contact/download-sample-47147There are 14 Chapters to deeply display the global Connected Enterprise market.1 Connected Enterprise Market Overview2 Company Profiles3 Global Connected Enterprise Market Competition, by Players4 Global Connected Enterprise Market Size by Regions5 North America Connected Enterprise Revenue by Countries6 Europe Connected Enterprise Revenue by Countries7 Asia-Pacific Connected Enterprise Revenue by Countries8 South America Connected Enterprise Revenue by Countries9 Middle East and Africa Revenue Connected Enterprise by Countries10 Global Connected Enterprise Market Segment by Type11 Global Connected Enterprise Market Segment by Application12 Global Connected Enterprise Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Connected Enterprise Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-47147Other Reports by DecisionDatabases.com:Global Enterprise Search Market 2019 by Company, Regions, Type and Application, Forecast to 2024Global Enterprise A2P SMS Market 2019 by Company, Regions, Type and Application, Forecast to 2024Global Enterprise Video Conferencing Endpoint Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
