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.
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
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
India
·
Japan
·
Latin America
·
Brazil
·
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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