Connected Enterprise Market Size And Strategies 2024-2033 – Growth Analysis, Outlook, Overview

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Connected Enterprise by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Connected Enterprise, The connected enterprise market size has grown exponentially in recent years. It will grow from $425.54 billion in 2023 to $566.88 billion in 2024 at a compound annual growth rate (CAGR) of 33.2%.  The  growth in the historic period can be attributed to cloud computing adoption, advancements in edge computing, data analytics and big data, digital transformation initiatives, industry 4.0 and smart manufacturing. .

The connected enterprise market size is expected to see exponential growth in the next few years. It will grow to $1689.81 billion in 2028 at a compound annual growth rate (CAGR) of 31.4%.  The growth in the forecast period can be attributed to agile and adaptive business models, rise of smart buildings and facilities, enhanced focus on health and safety, energy efficiency and sustainability initiatives, evolving customer expectations.. Major trends in the forecast period include predictive maintenance for asset optimization, cross-platform integration and interoperability, edge computing for real-time processing, cloud-native and hybrid cloud solutions, cybersecurity and data privacy measures, blockchain for secure transactions. .

The increasing adoption of 5G networks across the world is expected to propel the growth of the connected enterprise market going forward. 5G is the 5th generation mobile network for the higher speed and responsiveness of wireless networks. With 5G network speed, bandwidth, and lower latency, enterprises can have a better-connected experience and offer customers and associates expanded capabilities and continue to enhance the customer experience. For instance, according to the GSM Association, a UK-based industry organisation that represents the interests of mobile network operators worldwide, in North America, about 13% of connections were 5G in 2021 and will hit 63% by 2025. Therefore, increasing the adoption of 5G networks drives the connected enterprise market growth.

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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

Top Major Players:
Cisco Systems Inc
PTC Inc
Microsoft Corporation
Robert Bosch GmbH
Honeywell International Inc

The development of open communication platforms is a key trend gaining popularity in the connected enterprise market. Major companies in the connected enterprises market are focusing on developing open platforms for better communication channels and the secure exchange of data. For instance, in March 2023, the Wipro Limited, a India-based information technology (IT) corporation, launched 5G Def-I platform. The 5G Def-i platform’s distinguishing features include proprietary Wipro frameworks such as Data Discovery Platform, Multi-Domain Orchestrator, and Cloud Native NFs runtime platform, as well as assets from an ecosystem of communication service providers, network equipment, and software vendors. The 5G Def-i platform is designed to enable organizations to effortlessly adapt their infrastructure, networks, and services.

The connected enterprise market report table of contents includes:

1. Executive Summary
2. Connected Enterprise Market Characteristics
3. Connected Enterprise Market Trends And Strategies
4. Connected Enterprise Market – Macro Economic Scenario
5. Global Connected Enterprise Market Size and Growth
….…………
31. Global Connected Enterprise Market Competitive Bench marking
32. Global Connected Enterprise Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Connected Enterprise Market
34.Connected Enterprise Market Future Outlook and Potential Analysis
35.Appendix

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