Press release
Global Connected Enterprise Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Connected Enterprise
What Is the Connected Enterprise Market Size and Projected Growth Rate?
The market size of the connected enterprise has witnessed rapid expansion in the past few years. The projected growth from $556.4 billion in 2024 to $734.64 billion in 2025, with a compound annual growth rate (CAGR) of 32.0%, further illustrates this. Factors such as the adoption of cloud computing, enhancements in edge computing, data analytics and large data, initiatives for digital transformation, industry 4.0, and smart manufacturing have all been contributing to the historical growth period.
Expectations are high for the connected enterprise market size to expand drastically in the coming years. An anticipated growth to $2228.07 billion is projected by 2029, with a compound annual growth rate (CAGR) standing at 32.0%. The projected increase for the forecast period can be linked to the rise of agile and adaptive businesses, the surging emergence of smart buildings and facilities, an increased focus on health safety measures, initiatives designed for energy efficiency and sustainability, and the evolution of customer demands. The forecast period is also expected to witness significant trends such as the implementation of predictive maintenance for asset enhancement, integration and interoperability across various platforms, the use of edge computing for immediate processing, the adoption of native-cloud and hybrid cloud solutions, the enforcement of cybersecurity and data protection measures, and the utilization of blockchain for the secure processing of transactions.
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What Are the Major Segments in the Connected Enterprise Market?
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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What Are The Driving Connected Enterprise Market Evolution?
The rise in the global uptake of 5G networks is set to significantly contribute to the expansion of the connected enterprise market. 5G is the fifth-generation mobile network designed to significantly improve wireless network speed and responsiveness. Leveraging 5G network's superior speed, broader bandwidth, and reduced latency, enterprises can provide a more connected experience, broaden their capabilities, and continually improve the customer experience. For example, IoT Analytics, a business intelligence company from Germany specializing in the IoT, AI, Cloud, Edge, and Industry 4.0, reported in September 2024 that public 5G made up 95% of all 5G IoT global connections in 2023. There were also 1.28 million private 5G connections, accounting for 5% of the 5G IoT connections share. Moreover, in 2024, 51% of businesses using IoT plan to grow their IoT budgets, while 22% anticipate a budget growth of over 10% compared to 2023. Thus, 5G Adoption is fostering the connected enterprise market's progress.
Which Firms Dominate The Connected Enterprise Market Segments?
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.
What Trends Are Expected to Dominate the Connected Enterprise Market in the Next 5 Years?
The rise of open communication platforms is a growing trend in the connected enterprise market. Leading companies in this market are prioritizing the creation of open platforms to improve communication channels and safely share data. For instance, in March 2023, Wipro Limited, an IT firm based in India, unveiled their 5G Def-I platform. Unique characteristics of this platform are proprietary Wipro frameworks like the Data Discovery Platform, Multi-Domain Orchestrator, and Cloud Native NFs runtime platform, in addition to resources from a communication service providers, network equipment, and software vendors ecosystem. The purpose of the 5G Def-i platform is to enable organizations to seamlessly transition their infrastructure, networks, and services.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Connected Enterprise Market?
2. What is the CAGR expected in the Connected Enterprise Market?
3. What Are the Key Innovations Transforming the Connected Enterprise Industry?
4. Which Region Is Leading the Connected Enterprise Market?
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