Top Market Shifts Transforming the Connected Enterprise Market Landscape: Key Insights

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What Is the Expected CAGR for the Connected Enterprise Market Through 2025?
The market size of connected enterprises has seen a rapid escalation recently. The growth is projected to rise from $556.4 billion in 2024 to about $734.64 billion in 2025, with a compound annual growth rate (CAGR) of an impressive 32.0%. The surge during the historic period is primarily due to the widespread acceptance of cloud computing, breakthroughs in edge computing, data analytics, and big data, initiatives towards digitalisation, Industry 4.0, and intelligent manufacturing.

What's the Projected Size of the Global Connected Enterprise Market by 2029?
Expectations indicate a substantial increase in the connected enterprise market size in the upcoming years. The estimation shows growth to $2228.07 billion by 2029 with a compound annual growth rate (CAGR) of 32.0%. Contributing factors to the growth during the projected period include flexible and adaptable business models, the emergence of intelligent buildings and facilities, increased emphasis on health and safety, energy efficiency and sustainability initiatives, as well as changing customer expectations. Key trends to look out for during this period are predictive maintenance for better asset utilization, cross-platform integration and compatibility, edge computing for instantaneous processing, the implementation of cloud-native and hybrid cloud solutions, cybersecurity and data privacy measures, as well as the use of blockchain for safe transactions.

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Top Growth Drivers in the Connected Enterprise Industry: What's Accelerating the Market?
The accelerated adoption of 5G networks globally is set to catalyze the expansion of the connected enterprise market in the future. The fifth-generation mobile network is known for its superior speed and improved wireless network responsiveness. With the enhanced speed, bandwidth, and reduced latency offered by 5G networks, businesses can provide an improved linked experience, offering their customers and associates advanced capabilities while continuing to improve the customer experience. For example, IoT Analytics, a German business intelligence company specializing in IoT, AI, Cloud, Edge, and Industry 4.0, stated in September 2024 that public 5G accounted for 95% of global 5G IoT connections in 2023. There were 1.28 million private 5G connections, contributing 5% to the share of 5G IoT connections. Plus, 51% of firms adopting IoT are expected to augment their IoT budgets in 2024, with 22% predicated to hike their budget by more than 10% compared to 2023. Thus, the adoption of 5G is indeed fuelling the connected enterprise market growth.

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What Trends Will Shape the Connected Enterprise Market Through 2029 and Beyond?
The growth of open communication platforms is a significant trend which is becoming prevalent in the connected enterprise market. Main companies operating in the connected enterprises market are emphasizing the creation of open platforms to enhance communication channels and safeguard data exchange. In an exemplifying event in March 2023, Wipro Limited, an IT corporation originating from India, initiated the 5G Def-I platform. The 5G Def-I platform stands out for its unique features that include proprietary Wipro platforms like the Data Discovery Platform, the Multi-Domain Orchestrator, and the Cloud Native NFs runtime platform. It also incorporates assets from a communication service providers, network equipment, and software vendors' ecosystem. The 5G Def-I platform aims to simplify the process for organizations to modify their infrastructure, networks, and services.

What Are the Main 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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Which Top Companies are Driving Growth in the Connected Enterprise Market?
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.

Which Regions Will Dominate the Connected Enterprise Market Through 2029?
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

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