The global connected enterprise
market size is expected to reach USD 1.94 trillion by 2025, according to a new
report by Grand View Research, Inc. The increasing need for automation and
proliferation of connected devices is providing new growth avenues for the
connected enterprise market.
Enterprises are moving toward digital
technologies to transform their business operations, improve customer
experiences and rapidly respond to emerging threats and opportunities. Industry
collaborations with connected technology are gaining prominence for improving
agility, productivity, and business process management. Although the
Internet-of-Things (IoT) and connected technologies are becoming adept, several
organizations have not included their collaboration with smart technologies in
business strategies.
 |
U.S. connected enterprise market, by component, 2014 - 2025 (USD
Billion)
|
The implementation of intelligent
networks has improved optimization of assets including equipment reliability,
and energy usage and has expanded the capacity of existing assets. Enterprises
are integrating people, tools, processes, and platforms comprising
infrastructure and applications to disrupt the business productivity with
next-generation solutions.
Moreover, organizations are looking
for innovative ways to differentiate themselves from their competitors and
overcome threats from new entrants. Connected solutions are increasingly
adopted for generating new revenue streams and improving profit margins. These
solutions help enterprises in increasing their operational efficiency by
enabling real-time monitoring of assets. However, fragmented technology
standards and growing security concerns are expected to deter the industry
growth.
In depth research report
on Connected Enterprise Market
Further key findings from the report suggest:
·
Customer experience
management is expected to be the fastest-growing segment owing to its
transition from being transactional to more interactive and informative
solution
·
The managed services
segment is expected to grow at a CAGR of over 35% from 2016 to 2025. due to the
increasing need for outsourcing IoT-related capabilities
·
The device management
platform is anticipated to account for over 25% revenue share by 2025; the need
to drive connected products assessment, reduce operational costs, and improve
service quality is propelling the demand for a device management platform
·
The healthcare sector is
expected to reach a valuation of over USD 150 billion by 2025 on account of its
transition from providing provider-centric to patient-centric solutions
·
The Asia Pacific region
is expected to be the fastest-growing regional market as the enterprises in the
region are deploying connected infrastructure in new areas to improve their
revenues.
·
The key industry players
include IBM Corporation, Rockwell Automation, Inc., IBM Corporation, Honeywell
International, Inc., and PTC Inc.
Grand View Research has segmented the
connected enterprise market based on component, solution, services, platform,
application, and region:
Connected Enterprise Component Outlook (Revenue, USD Billion, 2014 -
2025)
·
Solution
·
Service
·
Platform
Connected Enterprise Solution Outlook (Revenue, USD Billion, 2014 - 2025)
·
Manufacturing execution
system
·
Customer experience
management
·
Business analytics
·
Application value
management
·
Remote monitoring
Connected Enterprise Service Outlook (Revenue, USD Billion, 2014 - 2025)
·
Professional services
·
Managed services
Connected Enterprise Platform Outlook (Revenue, USD Billion, 2014 - 2025)
·
Connectivity management
·
Application enablement
and development
·
Device management
Connected Enterprise Application Outlook (Revenue, USD Billion, 2014 -
2025)
·
Manufacturing
·
BFSI
·
IT & telecom
·
Retail
·
Healthcare
·
Food & beverage
·
Others
Connected Enterprise Regional Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East and Africa
Browse more research
reports of this category:
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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