The global connected
enterprise market size is expected to reach USD 1.94 trillion by 2025,
according to a new report by Grand View Research, Inc. The increasing need for
automation and proliferation of connected devices is providing new growth
avenues for the connected enterprise market.
Enterprises are moving toward digital technologies to
transform their business operations, improve customer experiences and rapidly
respond to emerging threats and opportunities. Industry collaborations with
connected technology are gaining prominence for improving agility,
productivity, and business process management. Although the Internet-of-Things
(IoT) and connected technologies are becoming adept, several organizations have
not included their collaboration with smart technologies in business
strategies.
The implementation of intelligent networks has
improved optimization of assets including equipment reliability, and energy
usage and has expanded the capacity of existing assets. Enterprises are
integrating people, tools, processes, and platforms comprising infrastructure
and applications to disrupt the business productivity with next-generation
solutions.
Moreover, organizations are looking for innovative
ways to differentiate themselves from their competitors and overcome threats
from new entrants. Connected solutions are increasingly adopted for generating
new revenue streams and improving profit margins. These solutions help
enterprises in increasing their operational efficiency by enabling real-time
monitoring of assets. However, fragmented technology standards and growing
security concerns are expected to deter the industry growth.
Browse full research report on Connected Enterprise Market: https://www.grandviewresearch.com/industry-analysis/connected-enterprise-market
Further
key findings from the report suggest:
- Customer experience management is expected to be the
fastest-growing segment owing to its transition from being transactional
to more interactive and informative solution
- The managed services segment is expected to grow at a CAGR of over
35% from 2016 to 2025. due to the increasing need for outsourcing
IoT-related capabilities
- The device management platform is anticipated to account for over
25% revenue share by 2025; the need to drive connected products
assessment, reduce operational costs, and improve service quality is
propelling the demand for a device management platform
- The healthcare sector is expected to reach a valuation of over USD
150 billion by 2025 on account of its transition from providing
provider-centric to patient-centric solutions
- The Asia Pacific region is expected to be the fastest-growing
regional market as the enterprises in the region are deploying connected
infrastructure in new areas to improve their revenues.
- The key industry players include IBM Corporation, Rockwell
Automation, Inc., IBM Corporation, Honeywell International, Inc., and PTC
Inc.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the connected enterprise market based on component,
solution, services, platform, application, and region:
Connected
Enterprise Component Outlook (Revenue, USD Billion, 2014 - 2025)
- Solution
- Service
- Platform
Connected
Enterprise Solution Outlook (Revenue, USD Billion, 2014 - 2025)
- Manufacturing
execution system
- Customer
experience management
- Business
analytics
- Application
value management
- Remote
monitoring
Connected
Enterprise Service Outlook (Revenue, USD Billion, 2014 - 2025)
- Professional
services
- Managed
services
Connected
Enterprise Platform Outlook (Revenue, USD Billion, 2014 - 2025)
- Connectivity
management
- Application
enablement and development
- Device
management
Connected
Enterprise Application Outlook (Revenue, USD Billion, 2014 - 2025)
- Manufacturing
- BFSI
- IT &
telecom
- Retail
- Healthcare
- Food &
beverage
- Others
Connected
Enterprise Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East
and Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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