PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1208365
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1208365
According to SPER Market Research, the Global Connected Enterprise Market is estimated to reach USD 5493.14 billion by 2032 with a CAGR of 28.63%.
In addition to monitoring its equipment, a connected enterprise connects it to all of its vital hubs, enabling real-time predictive analytics and deeper insight. Using linked enterprise gives businesses a competitive edge over their rivals since it speeds up operations and draws customers by providing more sophisticated offerings. Additionally, it helps firms take advantage of customers' preferences for increasingly technologically advanced services at reasonable prices.
Investments in this sector are being sparked by the rapid development of technologies like big data, analytics, and cloud computing. Connected enterprise solutions are extending the possibilities for high product usage, additional functionality, improved capabilities, and higher reliability that go beyond the traditional product limitations. Investments in research and development are made possible by the value chain activities being transformed by the changing nature of solutions and services as well as by value chain activities. As millions of machines and gadgets link, connected technology is developing more quickly and opening up new opportunities. Internet of Things (IoT) solutions are being rapidly adopted by businesses in retail, healthcare, and other sectors to revolutionize their operational procedures. As digital solutions disrupt the industrial sector, they are also embracing data interchange, automation, and smart manufacturing technology.
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.
Market size available for years: 2019-2032
Base year considered: 2021
Forecast period: 2022-2032
Segments covered: By Platform, By Solution, By Service, By End User
Regions covered: Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered: 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