The term "connected enterprise" describes an ecosystem where all business lines have been digitalized and linked. This allows them to obtain more insights and boost their company's productivity by coordinating technological operations and fostering closer levels of collaboration that lead to better business outcomes. The primary categories of interconnected businesses include systems for manufacturing execution, asset performance management, enterprise infrastructure management, customer experience management, and remote monitoring systems, among others. The factory execution system allows controllers, machinery, and enterprise business systems to communicate with ease by connecting real-time production data from multiple suppliers, plants, and locations. Solutions and services are among the various offerings of linked enterprises. These find use in the following domains: manufacturing, BFSI, e-commerce, retail, energy and utilities, and IT and telecommunication.
According to SPER market research, ‘Connected Enterprise Market Size- By Platform, By Solution, By Service, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Connected Enterprise Market is estimated to reach USD 5493.14 billion by 2032 with a CAGR of 28.63%.
Several things may have an impact on the market drivers for the connected enterprise market. Data analytics is essential to the connected enterprise because it enables organizations to derive meaningful insights from the data generated by networked devices and systems. By looking at this data, businesses may encourage innovation, simplify processes, and make wise decisions. Collaboration tools, virtual meetings, and cloud-based apps are essential for maintaining productivity and communication in a distributed workforce. Businesses that successfully incorporate linked technologies will have a significant competitive advantage. By streamlining procedures, improving client interactions, and promoting creativity, businesses can differentiate themselves from competitors and accelerate expansion.
Several things could hinder or complicate the connected enterprise market. Implementing linked enterprise systems may be challenging for small and medium-sized enterprises due to the significant upfront costs associated with infrastructure, software, hardware, and employee training. Networked enterprise systems are vulnerable to cyberattacks and data breaches, which can cause significant financial losses as well as damage to the company's reputation. Integrating various devices, systems, and technologies into an organization's current infrastructure can be challenging and complex. The absence of such skilled workers may hinder the adoption of connected business solutions. Businesses that use linked business solutions must abide by several regulations. Meeting these requirements can be costly and challenging.
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Impact of COVID-19 on the Global Connected Enterprise Market
Healthcare technology is undergoing a technological revolution thanks to the coronavirus outbreak. Additionally, companies are moving toward an entirely automated environment due to the positive results of automation solutions being adopted, which is predicted to increase demand for the connected enterprise sector. Furthermore, the advantages of automation solutions that have been implemented have forced organizations to make the switch to a fully automated environment. In turn, during the global health crisis, this has emerged as one of the primary development drivers for the connected enterprise market.
Connected Enterprise Market Key Players:
North America is anticipated to dominate the connected enterprise market throughout the forecast period, holding the biggest market share. The main participants include Accelerite, Cisco Systems Inc., General Electric Company, Honeywell International Inc., IBM Corporation, and Jacobs Engineering Group Inc.
Connected Enterprise Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Platform:
- Application Enablement
- Connectivity Management
- Device Management
By Solution:
- Asset Performance Management
- Customer Experience Management
- Data Management
- Enterprise Infrastructure Management
By Service:
- Consulting Services
- Integration and Deployment Services
- Managed Services Consulting Services
- Integration and Deployment Services
- Managed Services
By End User:
- BFSI
- Energy and Utilities
- Government
- Healthcare and Life Sciences
- Manufacturing
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Connected Enterprise Market Future Outlook
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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/
