Business

Connected Enterprise Market to Reap Excessive Revenues by 2025

Press Release

In today’s world of digital transformation and Internet of Things (IoT) smart manufacturing is widely adopted by means of connected devices to open new windows of visibility in business and operational processes. Connected enterprise is the convergence of plant-level and enterprise networks which helps to securely connect people, processes and technologies. This seamless connectivity by connected smart devices spurs new collaboration. In a connected enterprise business lines such as sales and customer support, supply chain, R&D, manufacturing, HR, Finance etc. are digitalized.

Connected enterprise help in potentially changing the way companies do business by exploring the power to connect traditional physical processes with cutting-edge IT to connect people, tools, processes, and platforms comprising infrastructure and applications to disrupt the business productivity with next-generation solutions. Due to this companies can use the power of data analytics to improve the efficiency of operations and cut down costs.

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Connected Enterprise Market: Drivers and Restraints

Factors such as increasing need for automation and cloud computing in enterprises, rising adoption smart devices generating huge amount of data, growing technological advancements and Internet of Things (IoT) in industry processes are driving the growth of connected enterprise market.

However, lack of uniform Internet of Things (IoT) standards and lack of professional expertise are restraining the growth of connected enterprise market.

Connected Enterprise Market: Segmentation

The connected enterprise market can be segmented on the basis solution, component, application, end-user vertical, and region wise.

Segmentation on basis of solution for Connected Enterprise Market

On the basis of solution, it can be further segmented into:

  • Manufacturing execution system
  • Customer experience management
  • Business analytics
  • Application value management
  • Remote monitoring

Segmentation on the basis of component for Connected Enterprise Market

On the basis of component, it can be further segmented into:

  • Solution
  • Platform
  • Service

Segmentation on the basis of application for Connected Enterprise Market

On the basis of application, it is further segmented into:

  • Connectivity Management
  • Application enablement and development
  • Device Management

Segmentation on the basis of end-user vertical for Connected Enterprise Market

  • Manufacturing
  • BFSI
  • IT & telecom
  • Retail
  • Healthcare
  • Food & beverage
  • Others

Segmentation on the basis of region for Connected Enterprise Market

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Connected Enterprise Market: Regional Overview

North America emerges as the leader and will expect to dominate the connected enterprise market due to technological advancements in countries such as USA and Canada, increased penetration of Internet of Things. High adaptability of industrial automation in Europe region is resulting in considerable growth of connected enterprise market in this region. The connected enterprise market in APAC region is expected to grow at a significant pace due to presence of manufacturing, automation and retail enterprises.

Connected Enterprise Market: Competition Landscape

Key Agreements

In February 2017, Tata Motors and Microsoft India today entered into a strategic agreement to provide connected and personalized driving experiences for Indian customers. This collaboration will allow Tata Motors to leverage Microsoft’s connected vehicle technologies that bring together artificial intelligence (AI), advanced machine learning, and the Internet of Things (IoT) capabilities on the global hyper-scale Azure cloud, which will help to create a highly personalized, smart and safer driving experience across the digital life of a vehicle owner.

Key Players

Microsoft Corporation, IBM Corporation, General Electric, Cisco Systems, Inc., Rockwell Automation, Inc., Bosch, Honeywell International, PTC, Accelerite and Verizon Communications, Inc. are some of the key players in connected enterprise market.

The report covers exhaustive analysis on:

  • Connected Enterprise Market Segments
  • Connected Enterprise Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Connected Enterprise Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Connected Enterprise Market
  • Connected Enterprise Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Connected Enterprise Market
  • Connected Enterprise Technology
  • Value Chain of Connected Enterprise
  • Connected Enterprise Market Drivers and Restraints

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint