Global Connected Enterprise Market: Snapshot

Surge in the use of varied disruptive technologies including streaming, data analytics, and digital healthcare technology globally is estimated to propel the global connected enterprise market during the forecast period, 2021-2031.

An upcoming study by Transparency Market Research (TMR) offers exhaustive assessment of major factors influencing the growth curve of the global connected enterprise market. Hence, the report sheds light on different facets including present and historical trends, growth drivers, challenges, restraints, and R&Ds in the market.

The TMR research report on the global connected enterprise market is showcased in the form of different segments, which are based on numerous parameters including platform, solution, service, and region. In terms of platform, the market is divided into connectivity management, application enablement, and device management.

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Key Drivers of Connected Enterprise Market Growth

Some of the key solutions provided by companies operating in the global connected enterprise market include enterprise infrastructure management, real-time collaboration, security solution, streaming analytics, remote monitoring system, data management, mobile workforce management, network management, asset performance management, and customer experience management. Rise in the demand for these services by varied industry verticals such as healthcare and life sciences, BFSI, telecommunication and IT, retail and ecommerce, government, manufacturing, media and enterprises, and energy and utilities is propelling the connected enterprise market.

Companies from varied industry verticals are increasing inclination toward the adoption of automation and cloud computing in their work processes. This factor is fueling the business opportunities in the global connected enterprise market. Furthermore, the market is being driven by rise in awareness on the possibilities of using huge amount of data for improving the operations and processes at companies.

In the recent years, there has been rise in the adoption of varied technological advancements including cloud, big data, and mobile devices by enterprises from different industries. This factor is creating profitable prospects in the global connected enterprise market. This aside, the decreased cost of maintenance needed for smart connected devices is favoring the growth curve in the global market for connected enterprise.

Small and medium businesses today are increasing the adoption of advanced technologies such as IoT. Moreover, there has been a surge in the demand for system integrators across the globe. These factors are expected to help in the expansion of the connected enterprise market in the years ahead.

Competition Landscape of Connected Enterprise Market

The presence of many well-entrenched companies makes the competition landscape of the global connected enterprise market highly intense. Hence, players in the market for connected enterprise are executing varied strategies in order to stay ahead of the competition. For instance, players are focusing on partnerships and collaborations so as to expand their business in newer regions. Furthermore, companies in the connected enterprise market are increasing researches in order to improve the quality of services they provide. These factors are prognosticated to help in the overall development of the connected enterprise market in the years ahead.

The list of key players in the global connected enterprise market includes:

  • Cisco Systems Inc.
  • Rockwell Automation Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Honeywell International
  • Bosch
  • Accelerite
  • GE
  • PTC
  • Verizon Communications Inc.

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Regional Outlook of Connected Enterprise Market

The global connected enterprise market shows existence in numerous regions such as North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of all regions, North America is one of the dominating regions of the market for connected enterprise. The market is estimated to continue gaining profitable prospects in North America owing to early adoption of advanced technologies in the region.

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Connected Enterprise Market