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Connected Enterprise Market Key Analysis, Size And Industry Overview By 2032
Connected Enterprise Market Analysis
The Business Research Company's Connected Enterprise Global Market Report 2023 identifies increasing adoption of 5G networks across the world as the major driver for the connected enterprise market's growth in the forecast period. 5G is the 5th generation mobile network for the higher speed and responsiveness of wireless networks. With 5G network speed, bandwidth, and lower latency, enterprises can have a better-connected experience and offer customers and associates expanded capabilities and continue to enhance the customer experience.
The global connected enterprise market size grew from $326.1 billion in 2022 to $438.54 billion in 2023 at a compound annual growth rate (CAGR) of 34.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The connected enterprise market size is expected to grow to $1375.31 billion in 2027 at a CAGR of 33.1%.
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Major competitors in the connected enterprise market are Cisco Systems, PTC Inc., Microsoft Corporation, Robert Bosch GmbH, Honeywell International Inc., General Electric Company, Accelerite.
A key trend in the connected enterprise market includes development of open communication platforms. Major companies in the connected enterprises market are focusing on developing open platforms for better communication channels and the secure exchange of data. For instance, in 2020, 8x8, a US-based company operating in connected enterprises, launched its open communications platform to deliver and scale work-from-anywhere enterprise communications for organisations worldwide. The new communications platform combines voice and contact center solutions that have intelligent communications services like AI-driven expert routing and predictive analytics to enable richer, more reliable communication experiences across all business functions.
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The connected enterprise market is segmented -
1) By Type: Manufacturing Execution System, Customer Experience Management, Enterprise Infrastructure Management, Asset Performance Management, Remote Monitoring System, Other Types
2) By Offering: Solutions, Services
3) By End-User: Manufacturing, IT and Telecommunication, Retail and E-commerce, BFSI, Healthcare, Energy and Utility, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the connected enterprise market.
The Business Research Company's "Global Connected Enterprise Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Connected Enterprise Market Include:
1. Executive Summary
2. Connected Enterprise Market Characteristics
3. Connected Enterprise Market Trends And Strategies
4. Connected Enterprise Market - Macro Economic Scenario
5. Connected Enterprise Market Size And Growth
……..
26. Africa Connected Enterprise Market
27. Connected Enterprise Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Connected Enterprise Market
29. Connected Enterprise Market Future Outlook and Potential Analysis
30. Appendix
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