Connected Enterprise Market 2021 Global Insights and Business Scenario - Microsoft Corporation, IBM Corporation, General Electric Company, Cisco Systems

MarketInsightsReports has published a report entitled Global Connected Enterprise Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Connected Enterprise Market is expected to register a CAGR of greater than 24% during the forecast period (2021 - 2026).

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https://www.marketinsightsreports.com/reports/02082593322/connected-enterprise-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=68

Key Players:

Microsoft Corporation, IBM Corporation, General Electric Company, Cisco Systems, Inc., Rockwell Automation, Inc., Verizon Communications, Inc., HARMAN International Industries Ltd., Jacobs Engineering Group, Inc., PTC Inc. and others.

Key Market Trends

Retail & Ecommerce to Register Significant Growth

- The increasing adoption of the IoT across the supply chain is driving the connected retail environment. The emergence of IoT in retail space has drastically changed the retail market. With the increasing retail sales, the integration of IoT sensors in different consumer electronics will enable retailers to understand and monitor consumer behavior, collect data, and enhance the consumer experience, which is a significant motto of the connected retail market.
- Further, retailers are now finding ways to connect with customers to enhance the in-store experience. For instance, location-based beacon technology enables retailers to connect with customers when they enter the store. Departmental stores such as Hudsons Bay and Lord & Taylor are utilizing Apples iBeacon technology and a mobile networking platform, called Swirl, to send personalized promotions to customers who have downloaded the app of that particular brand.
- The growing number of warehouses is making the retail sector use automated solutions to perform the tasks more efficiently and effectively. According to the Bureau of Labor Statistics, the number of warehouses in the US was 18,182 in 2018. According to a study conducted by Zebra Technologies on the retail sector's expected future trends revealed that around 60% of the retailers are expected to adopt automation across all the key functions by 2021. This is anticipated to drive the demand for market studied.

North America to Hold Major Share

- Due to the technological advancements and availability of the top IoT vendors and advanced infrastructure in the region, North America is anticipated to dominate the significant portion of the Connected Enterprise market due to the significant drive for the industry 4.0 across the region.
- For instance, in June 2019, Schneider Electric, launched Smart Factory in the US to demonstrate in real-time how its EcoStruxure architecture and related suite of offerings can help increase operational efficiency and reduce costs for its customers.
- The increasing initiatives by the government and the regulated authorities to boost the adoption of the connected environment across the various industries is expected to fuel the market growth over the forecast period. The 2018 Management Agenda and the Fiscal Year 2020 United States Budget Plan, called out automation as a tool for agencies to use and explore to address staffing and budgeting issues to deliver better services to the public.
- Further, automation is empowering small American businesses to compete on par with deep-rooted rivals around the world. The United States is likewise one of the largest automotive markets globally and is home to over 13 major auto manufacturers. Automotive manufacturing has been one of the substantial revenue generators for the country in the manufacturing sector.?
- Also, the formation of the Advanced Manufacturing Partnership (AMP) in the United States, an initiative undertaken to make the industry, universities, and the federal government to invest in emerging technologies. This has aided the country to substantially gain a competitive edge in the global economy.?
- According to MAPI, US manufacturing production is predicted to increase by 2.8% from 2018 to 2021, which will further enhance the adoption of automation and control technologies in the country, thereby augmenting the market for the connected enterprise.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082593322/connected-enterprise-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=68

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Connected Enterprise Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Connected Enterprise Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Finally, the Connected Enterprise Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

CONTACT US:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.