Global Connected Enterprise Market Will Reach at a Highest CAGR of 35.40%

Posted by peeterdbmr on January 2nd, 2020

Global connected enterprise market is estimated to rise by 2026, registering a healthy CAGR of 35.40% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017.

Major Market Competitors/Players

Few of the major competitors currently working in the global connected enterprise market are Rockwell Automation, Inc., Cisco, PTC, Microsoft, IBM Corporation, Bosch Limited, Honeywell International Inc., General Electric, Verizon, HARMAN International, Jacobs Engineering Group, MachineShop Inc., Wipro Limited,  Accelerite and others

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Connected enterprise helps in monitoring of machines, and connects them with all hubs of business to create real time abilities which in turn helps in enabling of predictive analytics and gives deeper insight. The connected enterprise not only improves the decision making but makes the process of decision making faster. Connected enterprise gives more visibility on business models. It has wide applications in financial services, telecommunications and banking and many more.

Competitive Analysis

Global connected enterprise market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of connected enterprise market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

Segmentation: Global Connected Enterprise Market

• By Platform (Device Management, Connectivity Management, and Application Enablement Platform)
• By Solution (Real-Time Collaboration, Enterprise Infrastructure Management, Streaming Analytics, Security Solution, Data Management, Remote Monitoring System, Network Management, Mobile Workforce Management, Customer Experience Management, Asset Performance Management)
• By Service (Professional Services, Managed Services)
• By Vertical (Banking, Financial Services, and Insurance, Telecommunications and IT, Retail and Ecommerce, Healthcare and Life Sciences, Manufacturing, Government, Energy and Utilities, Media and Entertainment, Others)

Market Drivers:

• Rising need for automation and cloud computing is enhancing the market
• Increase in security concerns is driving the market growth
• Reduction in the cost of maintenance on account of smart connected devices acting as a catalyst for market
• Advancement in the technology such as big data, cloud and mobile devices is boosting the market

Market Restraints:

• Involvement of high cost for implementing of connected enterprise is hindering the market
• Discontinuity in Internet of Things (IoT) standards may hamper the market
• Lack of technology skills among people might restrict the market growth

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