5G Adoption Fueling Growth In The Connected Enterprise Market Driver: Leading Transformation in the Connected Enterprise Market in 2025

What market dynamics are playing a key role in accelerating the growth of the connected enterprise market?
The anticipated surge in the adoption of 5G networks globally is predicted to positively influence the expansion of the connected enterprise market in the future. 5G, being the 5th iteration of mobile networks, promises superior speed and higher responsiveness of wireless networks. Owing to the accelerated network speed, wider bandwidth, and diminished latency provided by 5G, businesses can enjoy superior connectivity experiences. They are also enabled to furnish their customers and associates with extended facilities and incessantly improve the customer experience. For example, based on data provided by IoT Analytics, a Germany-centered corporate intelligence firm specializing in IoT, AI, Cloud, Edge, and Industry 4.0, public 5G represented 95% of all global 5G IoT connections in September 2024. Private 5G connections were at 1.28 million, accounting for 5% of the share of overall 5G IoT connections. What's more, 51% of enterprise IoT adopters are planning to magnify their IoT budget in 2024, while 22% of firms are projecting an increase of over 10% in their budget from 2023. Thus, the adoption of 5G is propelling the growth in the connected enterprise market.

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How will the growth rate of the connected enterprise market shape industry trends by 2034?
In the previous years, the market size of the connected enterprise has seen massive growth. Its value is expected to rise from $556.4 billion in 2024 to $734.64 billion in 2025, registering a compound annual growth rate (CAGR) of 32.0%. The growth over the historic period is credited to the adoption of cloud computing, advancements in edge computing, data analytics and big data. These factors in addition to digital transformation initiatives, industry 4.0 and smart manufacturing have also contributed to the growth.

In the forthcoming years, the market size of connected enterprises is projected to witness substantial expansion, potentially reaching $2228.07 billion in 2029 at a compounded annual growth rate of 32.0%. The anticipated growth during this forecast period stems from factors such as flexible and innovative business models, the emergence of smart buildings and facilities, an increased emphasis on health and safety, initiatives for energy efficiency and sustainability, and changing customer expectations. Key trends expected during this period encompass predictive maintenance for better asset optimization, integration and interoperability across platforms, edge computing for immediate processing, cloud-native and hybrid cloud solutions, and cybersecurity and data privacy measures, along with blockchain technologies for secure transactions.

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What trends are poised to drive the future success of the connected enterprise market?
The trend of developing open communication platforms is gaining traction in the connected enterprise market. Major corporations in this market are putting their focus on creating open platforms to enhance communication channels and securely share data. For example, Wipro Limited, an IT company based in India, introduced 5G Def-I platform in March 2023. Notable components of this platform include Wipro's exclusive frameworks such as Data Discovery Platform, Multi-Domain Orchestrator, and Cloud Native NFs runtime platform. It also includes assets from a communication service providers network, hardware, and software vendors. The design of the 5G Def-i platform allows organizations to effortlessly adapt their infrastructure, networks, and services.

Which primary segments of the connected enterprise market are driving growth and industry transformations?
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

Subsegments:
1) By Manufacturing Execution System (MES): Real-Time Monitoring, Production Scheduling
2) By Customer Experience Management (CEM): Customer Feedback Solutions, Omni-channel Engagement Platforms
3) By Enterprise Infrastructure Management: Network Management, Data Center Management
4) By Asset Performance Management: Predictive Maintenance, Asset Tracking Solutions
5) By Remote Monitoring System: IoT-Based Monitoring, Cloud-based Monitoring
6) By Other Types: Supply Chain Management, Workforce Management Solutions

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Which geographical regions are pioneering growth in the connected enterprise market?
North America was the largest region in the connected enterprise market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected enterprise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the influential players reshaping the connected enterprise market landscape?
Major companies operating in the connected enterprise market include 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, Tech Mahindra Limited, Vodafone Group Plc, SAP SE.

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What Is Covered In The Connected Enterprise Global Market Report?

•Market Size Forecast: Examine the connected enterprise market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the connected enterprise market for a structured understanding.
•Key Players Overview: Analyze major players in the connected enterprise market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the connected enterprise market.
•Segment Contributions: Evaluate how different segments drive overall growth in the connected enterprise market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the connected enterprise market.
•Industry Challenges: Identify potential risks and obstacles affecting the connected enterprise market.
•Competitive Landscape: Review strategic developments in the connected enterprise market, including expansions, agreements, and new product launches.

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