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 request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/connected-enterprise-market/request/rs1
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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