- The Connected Enterprise market involves the integration of digital technologies, such as IoT, AI, cloud computing, and big data analytics, to create interconnected business ecosystems that enhance automation, data exchange, and operational efficiency across sectors like manufacturing, healthcare, and BFSI.
- The demand for connected enterprise solutions is significantly driven by the global push for Industry 4.0, with 75% of manufacturers adopting smart factory initiatives by 2024, and the expansion of remote work, with 60% of enterprises investing in IoT-enabled collaboration tools.
- North America is expected to dominate the Connected Enterprise market due to its advanced technological infrastructure and presence of key players like Cisco and IBM, holding a 34.3% market share in 2024.
- Asia-Pacific is expected to be the fastest-growing region during the forecast period due to rapid industrialization, smart city initiatives, and government support in countries like China and India.
- The Solutions segment is expected to dominate the market with a market share of 65.0% in 2025 due to the critical role of IoT platforms, analytics tools, and automation software in enabling connected enterprises.
