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 report by Grand View
Research : http://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
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East and Africa
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-connected-enterprise-market
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.
For more information:
http://www.grandviewresearch.com
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