Global Connected Enterprise Market Outlook 2024, Forecast To 2033
16 Feb, 2024
Connected enterprise market has exponentially grown from $425.54 billion in 2023 to $566.88 billion in 2024, achieving a 33.2% CAGR. Growth drivers include cloud computing adoption, edge computing advancements, big data analytics, digital transformation, and Industry 4.0. Expected growth to $1689.81 billion by 2028, attributed to agile business models, smart buildings, health and safety focus, and evolving customer expectations. Trends include predictive maintenance, cross-platform integration, edge computing, cloud-native solutions, and cybersecurity measures.
Global Connected Enterprise Market Key Driver
The increasing adoption of 5G networks worldwide is anticipated to propel the growth of the connected enterprise market. 5G, known for higher speed and responsiveness in wireless networks, enhances connectivity for enterprises, providing expanded capabilities and improving customer experiences. The data from the GSM Association highlights the substantial growth in 5G connections in North America. The increasing adoption of 5G networks is a crucial factor driving the growth of the connected enterprise market.
Get A Free Sample Of The Global Connected Enterprise Market ReportGlobal Connected Enterprise Market Segments
The connected enterprise market covered in this report is segmented –
1) By Type: Manufacturing Execution System, Customer Experience Management, Enterprise Infrastructure Management, Asset Performance Management, Remote Monitoring System, Other Types
2) By Offering: Solutions, Services
3) By End-User: Manufacturing, IT and Telecommunication, Retail and E-commerce, BFSI, Healthcare, Energy and Utility, Other End-Users
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the connected enterprise market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected enterprise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Connected Enterprise Industry Players
Cisco Systems Inc.; PTC Inc.; Microsoft Corporation; Robert Bosch GmbH; Honeywell International Inc.; General Electric Company; Accelerite; Verizon Communications Inc.; MindTree Ltd.; UiPath; HARMAN International; Jacobs Engineering Group Inc.; Wipro Limited; Telefonaktiebolaget LM Ericsson; Amdocs and FUJITSU; Atos SE; Capgemini SE; CGI Inc.; Cognizant Technology Solutions Corporation; DXC Technology Company; Hindustan Computers Pvt. Limited; International Business Machines Corporation; Infosys Limited; NTT DATA Corporation; Rockwell Automation Inc.; Tata Consultancy Services Limited; TDK Corporation; Tech Mahindra Limited; Vodafone Group Plc; SAP SE.
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Connected Enterprise Market Overview
Connected Enterprise refer to an ecosystem in which every business line has been digitalized and connected that are used to gain more insights and improve the productivity of their business by harmonising technological operations and a deeper level of collaboration to enhance productivity and business outcomes.
Connected Enterprise Global Market Report 2023 provides data on the global connected enterprise market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The connected enterprise market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.