Global Connected Enterprise Market, By Platform (Device Management, Connectivity Management, Application Enablement Platform), Solution (Real-Time Collaboration, Enterprise Infrastructure Management, Streaming Analytics, Security Solution, Data Management, Remote Monitoring System, Network Management, Mobile Workforce Management, Customer Experience Management, Asset Performance Management), Service (Professional Services, Managed Services), End User (Banking, Financial Services, and Insurance, Telecommunications and IT, Retail and Ecommerce, Healthcare and Life Sciences, Manufacturing, Government, Energy and Utilities, Media and Entertainment, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Connected Enterprise Market
The connected enterprise market size is valued at USD 3,379.25 billion by 2028 is expected to grow at a compound annual growth rate of 35.6% in the forecast period of 2021 to 2028. Data Bridge Market Research report on connected enterprise provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The connected enterprise usually helps in monitoring of machines, and connects them with all hubs of business to generate real time abilities which in turn helps in allowing of predictive analytics and gives deeper insight. The connected enterprise not only develops the decision making but also makes the process of decision making faster.
The rise in need for automation and cloud computing across industries is expected to influence the growth of connected enterprise market over the forecast period of 2021 to 2028. Also the realized potential of voluminous data for better processes and operations and reduced cost of maintenance on account of smart connected devices are also anticipated to flourish the growth of the connected enterprise market. Furthermore, the rapid surge in technological advancements such as big data, cloud and mobile devices is also likely to positively impact the growth of the market. Moreover, the increase in the prominence of automation and the need for increased flexibility and functionality are also expected create a huge demand for connected enterprise as well as lifting the growth of the connected enterprise market.
However, the high cost of deployment and lack of uniform IoT standards and technology skills are expected to act as the major limitations for the growth of connected enterprise in the above mentioned forecasted period, whereas the lack of data management and interoperability and rise in security concerns regarding the network of connected devices spread across enterprises can challenge the connected enterprise market growth in the forecast period of 2021 to 2028.
Likewise, the high adoption of IoT in small and medium businesses and increase in the demand for system integrators are expected to create various new opportunities that will lead to the growth of the connected enterprise market in the above mentioned forecasted period.
This connected enterprise market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on connected enterprise market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Connected Enterprise Market Scope and Market Size
The connected enterprise market is segmented on the basis of platform, solution, service and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The connected enterprise market is segmented on the basis of platform into device management, connectivity management and application enablement platform.
- On the basis of solution, the connected enterprise market is segmented into real-time collaboration, enterprise infrastructure management, streaming analytics, security solution, data management, remote monitoring system, network management, mobile workforce management, customer experience management and asset performance management.
- Based on service, the connected enterprise market is segmented into professional services and managed services. Professional services have further been segmented into consulting services, integration and deployment services and support and maintenance services.
- The end user segment of the connected enterprise market is segmented into banking, financial services, and insurance, telecommunications and it, retail and ecommerce, healthcare and life sciences, manufacturing, government, energy and utilities, media and entertainment and others.
Connected Enterprise Market Country Level Analysis
The connected enterprise market is analyzed and market size, volume information is provided by country, platform, solution, service and end user as referenced above.
The countries covered in the connected enterprise market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the connected enterprise market because of the rapid technological spending and the high demand for connected infrastructure. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to rise in the deployment of connected infrastructure in new areas to improve their revenues by various enterprises.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Connected Enterprise Market Share Analysis
The connected enterprise market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to connected enterprise market.
The major players covered in the connected enterprise market report are Rockwell Automation, Inc., Cisco Systems, Inc., Microsoft, IBM, Bosch Limited, Honeywell International Inc., GE DIGITAL, PTC, Accelerite, General Electric Company, HARMAN International, Verizon, Jacobs, Wipro Limited, Infosys Limited, Salesforce, KPMG International, Telefonaktiebolaget LM Ericsson, Amdocs and FUJITSU among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.