Market Research Future Insights
The global Connected Enterprise Market size is projected to be worth USD 3167.62 Billion by 2030, registering a 28.4% CAGR during the forecast period (2022-2030).
A connected enterprise is referred to an ecosystem for doing business in which all of the company's operations are digitized. This includes important areas of operation such as sales and customer service, finance and human resources, production and research and development, engineering and logistics, and marketing. Automation in manufacturing processes has been raising popularity in recent years due to its capacity to enhance product quality while simultaneously lowering overall costs. The augmenting prevalence of technology such as the internet of things (IoT) and big data has boosted the demand for automation in today's manufacturing sectors. Due to the Industrial Internet of Things (IIoT) and the upsurge of the manufacturing revolution, end-use industries are increasingly espousing connected enterprise solutions. These solutions facilitate enterprise-level information technology with plant-floor technology and convert data into intuitive working capital to provide improved decision-making.
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A rising number of forward-thinking businesses around the globe are recognizing the value of a connected ecosystem and boosting the expenditure required to transition from a traditional IT infrastructure to one that is completely connected. This shift will result in a major upsurge in demand for connected enterprise solutions and services over the next few years, providing significant growth potential for the industry across a variety of regional markets. The intense competition that even the most reputable and established organizations will face across the industrial sector will be a factor encouraging businesses to transition to a connected ecosystem in order to achieve optimal productivity, efficiently, effectively, and cost-competitiveness.
The global Connected Enterprise Market report furnishes an integrated evaluation of the market. The report tends to a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing an eloquent role in the market.
Regional Analysis
The global Connected Enterprise Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
North America esteemed for the largest revenue share and is estimated to witness significant growth over the forecast period. Augmented technological spending and the surging demand for connected infrastructure are providing traction to industry growth.
It is estimated that the region of Asia-Pacific will be the most substantial region, with China serving as the most important market for connected enterprises. This is because China has the maximum number of devices connected globally.
The revenue from the European region will augment at a CAGR of 26% during the forecast period. It is projected that the surging utilization of automation and the demand for higher levels of flexibility and functionality will positively impact the expansion of the industry.
Market Segmentation
The Connected Enterprise Market is segmented into the following types;
By Component
- Solutions
- Service
- Professional Services
- Managed Services
By Type
- Manufacturing Execution System
- Customer Experience Management
- Enterprise Infrastructure Management
- Asset Performance Management
- Remote Monitoring System
- Others
By End User
- Manufacturing
- IT Telecommunication
- Retail E-commerce
- BFSI
- Healthcare
- Energy and Utility
- Others
Key Players
The global Connected Enterprise Market’s substantial key players are Accelerite, Bosch GmbH, Cisco Systems, GE Digital, Honeywell International Inc., IBM, MindTree Ltd., PTC, Rockwell Automation Inc., and UiPath.
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