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.
Full research report on connected enterprise market analysis: 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.
View
more reports of this category by Grand View Research at: 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
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.
