For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034._x000D_
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What is the forecasted revenue size of the connected enterprise industry by 2029?_x000D_
The connected enterprise market size has grown exponentially in recent years. It will grow from $556.4 billion in 2024 to $734.64 billion in 2025 at a compound annual growth rate (CAGR) of 32.0%. 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._x000D_
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The connected enterprise market size is expected to see exponential growth in the next few years. It will grow to $2228.07 billion in 2029 at a compound annual growth rate (CAGR) of 32.0%. 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._x000D_
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Which industry-specific innovations are acting as key drivers for the connected enterprise market?_x000D_
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, in September 2024, according to IoT Analytics, a Germany-based business intelligence company for the IoT, AI, Cloud, Edge, and Industry 4.0, 2023 public 5G made up 95% of global 5G IoT connections. There were 1.28 million private 5G connections, making up 5% of the 5G IoT connections share. Additionally, 51% of enterprise IoT adopters plan to increase their IoT budget in 2024, and 22% of companies expect a 10%+ budget increase compared to 2023. Therefore, 5G Adoption is driving growth in the connected enterprise market._x000D_
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Which segment currently leads the connected enterprise market in terms of revenue share?_x000D_
The connected enterprise market covered in this report is segmented –_x000D_
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1) By Type: Manufacturing Execution System, Customer Experience Management, Enterprise Infrastructure Management, Asset Performance Management, Remote Monitoring System, Other Types_x000D_
2) By Offering: Solutions, Services_x000D_
3) By End-User: Manufacturing, IT and Telecommunication, Retail and E-commerce, BFSI, Healthcare, Energy and Utility, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Manufacturing Execution System (MES): Real-Time Monitoring, Production Scheduling_x000D_
2) By Customer Experience Management (CEM): Customer Feedback Solutions, Omni-channel Engagement Platforms_x000D_
3) By Enterprise Infrastructure Management: Network Management, Data Center Management_x000D_
4) By Asset Performance Management: Predictive Maintenance, Asset Tracking Solutions_x000D_
5) By Remote Monitoring System: IoT-Based Monitoring, Cloud-based Monitoring_x000D_
6) By Other Types: Supply Chain Management, Workforce Management Solutions_x000D_
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What future trends will impact the direction of the connected enterprise industry?_x000D_
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, an 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._x000D_
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Who are the top competitors in the global connected enterprise market?_x000D_
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._x000D_
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What regional dynamics are shaping the future of the global connected enterprise market?_x000D_
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_x000D_
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• Develop competitive products by tracking key technology shifts and user preferences._x000D_
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