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Global Connected Enterprise Market Comprehensive Study: Forecasted Market Size And Growth Rate
Connected Enterprise Market
The Business Research Company offers in-depth market insights through Connected Enterprise Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The connected enterprise market size has grown exponentially in recent years. It will grow from $425.54 billion in 2023 to $566.88 billion in 2024 at a compound annual growth rate (CAGR) of 33.2%. The growth in the historic period can be attributed to cloud computing adoption, advancements in edge computing, data analytics and big data, digital transformation initiatives, industry 4.0 and smart manufacturing. .
The connected enterprise market size is expected to see exponential growth in the next few years. It will grow to $1689.81 billion in 2028 at a compound annual growth rate (CAGR) of 31.4%. The growth in the forecast period can be attributed to agile and adaptive business models, rise of smart buildings and facilities, enhanced focus on health and safety, energy efficiency and sustainability initiatives, evolving customer expectations.. Major trends in the forecast period include predictive maintenance for asset optimization, cross-platform integration and interoperability, edge computing for real-time processing, cloud-native and hybrid cloud solutions, cybersecurity and data privacy measures, blockchain for secure transactions. .
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Market Segmentation:
The connected enterprise market covered in this report 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
Major Driver - 5G Adoption Fueling Growth In The Connected Enterprise Market
The increasing adoption of 5G networks across the world is expected to propel the growth of the connected enterprise market going forward. 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. For instance, according to the GSM Association, a UK-based industry organisation that represents the interests of mobile network operators worldwide, in North America, about 13% of connections were 5G in 2021 and will hit 63% by 2025. Therefore, increasing the adoption of 5G networks drives the connected enterprise market growth.
Competitive Landscape:
Major companies operating in the connected enterprise market report are Cisco Systems Inc., PTC Inc., Microsoft Corporation, Robert Bosch GmbH, Honeywell International Inc., General Electric Company, Accelerite, Verizon Communications Inc., MindTree Ltd., UiPath, HARMAN International, Jacobs Engineering Group Inc., Wipro Limited, Telefonaktiebolaget LM Ericsson, Amdocs and FUJITSU, Atos SE, Capgemini SE, CGI Inc., Cognizant Technology Solutions Corporation, DXC Technology Company, Hindustan Computers Pvt. Limited, International Business Machines Corporation, Infosys Limited, NTT DATA Corporation, Rockwell Automation Inc., Tata Consultancy Services Limited, TDK Corporation, Tech Mahindra Limited, Vodafone Group Plc, SAP SE.
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Top Trend - Open Communication Platforms Revolutionize The Connected Enterprise Market
The development of open communication platforms is a key trend gaining popularity in the connected enterprise market. 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 March 2023, the Wipro Limited, a India-based information technology (IT) corporation, launched 5G Def-I platform. The 5G Def-i platform's distinguishing features include proprietary Wipro frameworks such as Data Discovery Platform, Multi-Domain Orchestrator, and Cloud Native NFs runtime platform, as well as assets from an ecosystem of communication service providers, network equipment, and software vendors. The 5G Def-i platform is designed to enable organizations to effortlessly adapt their infrastructure, networks, and services.
The Table Of Content For The Market Report 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
…..
27. Connected Enterprise Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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