According to SPER Market Research, the Connected Enterprise Market is estimated to reach USD 5493.14 billion by 2032 with a CAGR of 28.63%. The quick advancement of technologies like big data, analytics, and cloud computing has stimulated investments in this industry. The potential for high product consumption, greater functionality, improved capabilities, and higher reliability that go beyond the typical product limitations are being expanded by connected corporate solutions. The value chain activities, which are being altered by the changing nature of solutions and services as well as by value chain activities, enable investments in R&D. Connected technology is evolving more swiftly and creating new possibilities as millions of devices connect. Businesses in the retail, healthcare, and other sectors are embracing Internet of Things (IoT) technologies quickly to transform their operational processes. Digital solutions are embracing data exchange as they disrupt the industrial sector.
Connected Enterprise Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 28.63%
- Forecast Market Size (2032): 5493.14 billion
A technological revolution in healthcare has been sparked by the coronavirus outbreak. Additionally, the success of installed automation solutions has compelled organizations to move to a fully automated setting, which is anticipated to increase demand for the connected enterprise sector. Furthermore, the advantages of implemented automation technologies have compelled firms to move toward a fully automated environment. The worldwide health issue has led to this, in turn, becoming one of the main development causes for the connected enterprise industry.
Impact of COVID-19 on the Connected Enterprise Market
Healthcare has undergone a technological revolution as a result of the coronavirus outbreak. Additionally, businesses have been compelled to move to a fully automated environment due to the successful implementation of automation solutions, which is likely to increase demand for the connected enterprise sector. Additionally, the advantages of chosen automation solutions have forced firms to make the shift to a fully automated environment. In turn, during the current global health crisis, this has turned into one of the main development catalysts for the connected enterprise industry.
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Connected Enterprise Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Application Enablement
- Connectivity Management
- Device Management
- Asset Performance Management
- Customer Experience Management
- Data Management
- Enterprise Infrastructure Management
- Consulting Services
- Integration and Deployment Services
- Managed Services Consulting Services
- Integration and Deployment Services
- Managed Services
By End User:
- Energy and Utilities
- Healthcare and Life Sciences
- Middle East & Africa
- North America
- Latin America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Connected Enterprise Market Key Players:
The Connected Enterprise Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Accelerite, Cisco Systems Inc., General Electric Company, Harman International, Honeywell International Inc., IBM Corporation, Jacobs Engineering Group Inc., MachineShop Inc., Microsoft Corporation, PTC Inc., Rockwell Automation Inc., Verizon Communications Inc., Wipro Limited.
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