Connected Enterprise Market – By Platform , By Solution , By Service , By End User , By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.
Connected Enterprise Market Overview:
The Connected Enterprise Market size is estimated to reach $1,646.6 billion by 2030, growing at a CAGR of 24.4% during the forecast period 2024-2030. This market offers platforms that improve operational efficiency, data analytics, and decision-making capabilities. Examples of these platforms are device management, connectivity management, and application enablement.
Additionally, businesses optimize asset management, enhance network security, and reduce procedures by integrating these technologies. The demand for real-time data access and the increase in remote work have expedited the adoption of connected corporate solutions. Companies are putting more money into these technologies to cut costs, boost productivity, and stay competitive. The growing use of IoT, AI, and cloud technologies across a range of industries is propelling the Connected Enterprise Market's strong expansion. The market for connected enterprises is expanding significantly due to the combination of cloud, AI, and IoT technologies. Businesses can now link devices, analyze data, and automate operations thanks to these technologies, which boost productivity, efficiency, and creativity.
Market Snapshot:
Connected Enterprise Market - Report Coverage:
The “Connected Enterprise Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Connected Enterprise Market.
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COVID-19 / Ukraine Crisis - Impact Analysis:
The COVID-19 pandemic significantly disrupted the Connected Enterprise Market. Lockdowns and supply chain interruptions led to decreased production and distribution across various sectors. However, the market is showing signs of recovery due to the increased demand for data-driven decision-making. Organizations are now more reliant on data analytics to navigate the post-pandemic landscape. The need for robust data analysis to manage risks, optimize operations, and improve efficiency has driven the resurgence of this market. Technological advancements and a focus on enhancing business resilience are key factors expected to shape future trends in the Connected Enterprise Market.
The Ukraine crisis has significantly disrupted global supply chains, impacting the Connected Enterprise Market. The conflict has led to raw material shortages and increased transportation costs, resulting in higher prices and supply delays. This instability has prompted businesses to seek alternative sources and adjust their strategies to maintain market stability and ensure continuous supply. Key companies are adapting to these challenges by exploring new supply options and implementing strategic changes to mitigate the impact of these disruptions. These measures include diversifying supply chains and investing in advanced data analytics to better forecast and respond to market volatility.
Key Takeaways:
Fastest Growth of APAC Region
Geographically, in the connected Enterprise Market, APAC is analyzed to grow with the highest CAGR of 28.6% during the forecast period 2024-2030. There are several reasons behind this strong growth in APAC. Digital transformation projects are booming in the region and are found in a variety of industries, such as manufacturing, healthcare, retail, and financial services. To foster a climate that is favorable for connected organizations, governments in nations like China, India, and Japan are making significant investments in 5G technology, IoT infrastructure, and smart city initiatives. For instance, in March 2023, the official launch of Wipro Limited's "5G Def-i" platform is expected to accelerate the connected enterprise. Wipro Limited is a prominent provider of technology services and consultancy. Furthermore, the adoption of linked enterprise solutions is speeding up due to the growth of IoT devices. Furthermore, the vast and varied consumer base in APAC is embracing digital services at an increasing rate, which is generating more data and necessitating the use of advanced data analytics. Businesses in the area are using connected enterprise solutions to improve resource utilization, boost operational efficiency, and extract insightful information from data analysis.
Security Solution Segment to Register the Fastest Growth
In the Connected Enterprise Market analysis, the security solution segment is estimated to grow with the highest CAGR of 27.5% during the forecast period. The security solution market is predicted to develop at the quickest rate in the connected enterprise market, which is projected to see substantial expansion shortly. Strong security measures are now more important than ever as businesses use IoT devices and networked systems. The need for sophisticated security solutions is being driven by the rise in cybersecurity threats, such as ransomware attacks, data breaches, and other instances of cybercrime. For instance, in October 2023, Honeywell Unveiled a Groundbreaking Enterprise Solution to Assist Businesses In Mitigating Changing Cyber Threats. These solutions are made to guard against potential vulnerabilities in linked systems, protect sensitive data, and guarantee compliance with regulatory standards. Furthermore, the implementation of advanced security technologies like blockchain, machine learning, and artificial intelligence (AI) is required due to the growing intricacy of cyber threats. Real-time cyber threat detection, prevention, and response are made easier by these technologies.
Manufacturing segment is Leading the Market
According to the Connected Enterprise Market forecast, manufacturing held the largest market share of 35% in 2023. The industrial sector is emerging as the primary market driver for the Connected Enterprise Market, which is undergoing significant growth. Manufacturers are embracing linked enterprise solutions more and more as industries experience digital transformation to boost productivity, cut expenses, and enhance overall operational performance. Smart factories are being created by manufacturing organizations by utilizing cutting-edge technology like IoT, AI, and machine learning. By enabling real-time data gathering and analysis, these technologies improve quality control, optimize production processes, and allow predictive maintenance. Manufacturers may analyze inventory levels, evaluate equipment performance, and optimize supply chain operations with the integration of linked systems, which boosts output and decreases downtime. The manufacturing industry's connected business market is expanding at a rapid pace thanks to the quick acceptance of Industry 4.0 ideas.
Rise of IoT is a Major Driver
The linked enterprise industry is primarily driven by the proliferation of IoT devices. Data sharing and gathering are made easier by the smooth integration of systems, devices, and services made possible by the Internet of Things. Businesses can improve decision-making processes, increase efficiency, and streamline operations because of this interconnection. This increase is the result of smart gadgets being used more often across a range of sectors, including manufacturing, healthcare, retail, and logistics. By offering real-time data on inventories and shipments, IoT devices optimize supply chains, decrease downtime through predictive maintenance, and monitor and manage assets. Furthermore, this connectedness encourages creativity.
Advancements in Data Analytics is Driving the Market
The field of data analytics is constantly developing and is essential to contemporary company plans. In addition to improving operational efficiency, predictive maintenance is made easier by advanced analytics, which use data from linked devices to anticipate equipment breakdowns. This pre-emptive strategy lowers maintenance expenses and downtime. Real-time data analysis also enables companies to spot market trends, allocate resources optimally, and customize client experiences. In dynamic marketplaces, these insights improve competitive advantage by facilitating well-informed decision-making. With real-time data insights, businesses can improve customer experiences, anticipate maintenance needs, and optimize processes thanks to developments in data analytics. Being able to make well-informed decisions is essential for remaining competitive in the market.
Cybersecurity Threats is a Major Challenge
Significant cybersecurity issues face the connected corporate industry, which is characterized by increased digital integration across devices and systems. The Internet of Things (IoT) and linked technologies are embracing by organizations, which increases the attack surface for cyber-attacks. Ransomware attacks, data breaches, and network vulnerabilities are among the problems related to cybersecurity. These dangers have the potential to seriously impair operations, compromise private data, and result in large financial losses. Investments in cybersecurity must be given top priority by businesses in the connected enterprise environment. It is crucial to adopt tactics like putting strong encryption methods into place, regularly assessing vulnerabilities, and training staff members on cybersecurity best practices. By addressing these issues, stakeholders and customers will be more trusting and sensitive data will be protected along with operational continuity.
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Connected Enterprise Market. The top 10 companies in this industry are listed below:
- Cisco Systems, Inc
- General Electric Company
- Honeywell International, Inc
- IBM Corporation
- AWS
- Microsoft Corporation
- PTC Inc
- Rockwell Automation Inc
- Verizon Communication Inc
- Wipro Ltd
Scope of the Report:
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LIST OF TABLES
1.Global Connected Enterprise:Component Estimate Trend Analysis Market 2023-2030 ($M)
1.1 Solution Market 2023-2030 ($M) - Global Industry Research
1.2 Service Market 2023-2030 ($M) - Global Industry Research
1.3 Platform Market 2023-2030 ($M) - Global Industry Research
2.Global Connected Enterprise:Solution Estimate Trend Analysis Market 2023-2030 ($M)
2.1 Me Market 2023-2030 ($M) - Global Industry Research
2.2 Customer Experience Management Market 2023-2030 ($M) - Global Industry Research
2.3 Business Analytics Market 2023-2030 ($M) - Global Industry Research
2.4 Application Value Management Market 2023-2030 ($M) - Global Industry Research
2.5 Remote Monitoring Market 2023-2030 ($M) - Global Industry Research
3.Global Connected Enterprise:Service Estimate Trend Analysis Market 2023-2030 ($M)
3.1 Professional Service Market 2023-2030 ($M) - Global Industry Research
3.2 Managed Service Market 2023-2030 ($M) - Global Industry Research
4.Global Connected Enterprise:Platform Estimate Trend Analysis Market 2023-2030 ($M)
4.1 Connectivity Management Market 2023-2030 ($M) - Global Industry Research
4.2 Application Enablement And Development Market 2023-2030 ($M) - Global Industry Research
4.3 Device Management Market 2023-2030 ($M) - Global Industry Research
5.Global Connected Enterprise:Application Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Manufacturing Market 2023-2030 ($M) - Global Industry Research
5.2 Bfsi Market 2023-2030 ($M) - Global Industry Research
5.3 It Telecom Market 2023-2030 ($M) - Global Industry Research
5.4 Retail Market 2023-2030 ($M) - Global Industry Research
5.5 Healthcare Market 2023-2030 ($M) - Global Industry Research
5.6 Food Beverage Market 2023-2030 ($M) - Global Industry Research
6.Global Connected Enterprise:Component Estimate Trend Analysis Market 2023-2030 (Volume/Units)
6.1 Solution Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Service Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Platform Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Connected Enterprise:Solution Estimate Trend Analysis Market 2023-2030 (Volume/Units)
7.1 Me Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Customer Experience Management Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Business Analytics Market 2023-2030 (Volume/Units) - Global Industry Research
7.4 Application Value Management Market 2023-2030 (Volume/Units) - Global Industry Research
7.5 Remote Monitoring Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Connected Enterprise:Service Estimate Trend Analysis Market 2023-2030 (Volume/Units)
8.1 Professional Service Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Managed Service Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Connected Enterprise:Platform Estimate Trend Analysis Market 2023-2030 (Volume/Units)
9.1 Connectivity Management Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Application Enablement And Development Market 2023-2030 (Volume/Units) - Global Industry Research
9.3 Device Management Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Connected Enterprise:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
10.1 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Bfsi Market 2023-2030 (Volume/Units) - Global Industry Research
10.3 It Telecom Market 2023-2030 (Volume/Units) - Global Industry Research
10.4 Retail Market 2023-2030 (Volume/Units) - Global Industry Research
10.5 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
10.6 Food Beverage Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America Connected Enterprise:Component Estimate Trend Analysis Market 2023-2030 ($M)
11.1 Solution Market 2023-2030 ($M) - Regional Industry Research
11.2 Service Market 2023-2030 ($M) - Regional Industry Research
11.3 Platform Market 2023-2030 ($M) - Regional Industry Research
12.North America Connected Enterprise:Solution Estimate Trend Analysis Market 2023-2030 ($M)
12.1 Me Market 2023-2030 ($M) - Regional Industry Research
12.2 Customer Experience Management Market 2023-2030 ($M) - Regional Industry Research
12.3 Business Analytics Market 2023-2030 ($M) - Regional Industry Research
12.4 Application Value Management Market 2023-2030 ($M) - Regional Industry Research
12.5 Remote Monitoring Market 2023-2030 ($M) - Regional Industry Research
13.North America Connected Enterprise:Service Estimate Trend Analysis Market 2023-2030 ($M)
13.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
13.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
14.North America Connected Enterprise:Platform Estimate Trend Analysis Market 2023-2030 ($M)
14.1 Connectivity Management Market 2023-2030 ($M) - Regional Industry Research
14.2 Application Enablement And Development Market 2023-2030 ($M) - Regional Industry Research
14.3 Device Management Market 2023-2030 ($M) - Regional Industry Research
15.North America Connected Enterprise:Application Estimate Trend Analysis Market 2023-2030 ($M)
15.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
15.2 Bfsi Market 2023-2030 ($M) - Regional Industry Research
15.3 It Telecom Market 2023-2030 ($M) - Regional Industry Research
15.4 Retail Market 2023-2030 ($M) - Regional Industry Research
15.5 Healthcare Market 2023-2030 ($M) - Regional Industry Research
15.6 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
16.South America Connected Enterprise:Component Estimate Trend Analysis Market 2023-2030 ($M)
16.1 Solution Market 2023-2030 ($M) - Regional Industry Research
16.2 Service Market 2023-2030 ($M) - Regional Industry Research
16.3 Platform Market 2023-2030 ($M) - Regional Industry Research
17.South America Connected Enterprise:Solution Estimate Trend Analysis Market 2023-2030 ($M)
17.1 Me Market 2023-2030 ($M) - Regional Industry Research
17.2 Customer Experience Management Market 2023-2030 ($M) - Regional Industry Research
17.3 Business Analytics Market 2023-2030 ($M) - Regional Industry Research
17.4 Application Value Management Market 2023-2030 ($M) - Regional Industry Research
17.5 Remote Monitoring Market 2023-2030 ($M) - Regional Industry Research
18.South America Connected Enterprise:Service Estimate Trend Analysis Market 2023-2030 ($M)
18.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
18.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
19.South America Connected Enterprise:Platform Estimate Trend Analysis Market 2023-2030 ($M)
19.1 Connectivity Management Market 2023-2030 ($M) - Regional Industry Research
19.2 Application Enablement And Development Market 2023-2030 ($M) - Regional Industry Research
19.3 Device Management Market 2023-2030 ($M) - Regional Industry Research
20.South America Connected Enterprise:Application Estimate Trend Analysis Market 2023-2030 ($M)
20.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
20.2 Bfsi Market 2023-2030 ($M) - Regional Industry Research
20.3 It Telecom Market 2023-2030 ($M) - Regional Industry Research
20.4 Retail Market 2023-2030 ($M) - Regional Industry Research
20.5 Healthcare Market 2023-2030 ($M) - Regional Industry Research
20.6 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
21.Europe Connected Enterprise:Component Estimate Trend Analysis Market 2023-2030 ($M)
21.1 Solution Market 2023-2030 ($M) - Regional Industry Research
21.2 Service Market 2023-2030 ($M) - Regional Industry Research
21.3 Platform Market 2023-2030 ($M) - Regional Industry Research
22.Europe Connected Enterprise:Solution Estimate Trend Analysis Market 2023-2030 ($M)
22.1 Me Market 2023-2030 ($M) - Regional Industry Research
22.2 Customer Experience Management Market 2023-2030 ($M) - Regional Industry Research
22.3 Business Analytics Market 2023-2030 ($M) - Regional Industry Research
22.4 Application Value Management Market 2023-2030 ($M) - Regional Industry Research
22.5 Remote Monitoring Market 2023-2030 ($M) - Regional Industry Research
23.Europe Connected Enterprise:Service Estimate Trend Analysis Market 2023-2030 ($M)
23.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
23.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
24.Europe Connected Enterprise:Platform Estimate Trend Analysis Market 2023-2030 ($M)
24.1 Connectivity Management Market 2023-2030 ($M) - Regional Industry Research
24.2 Application Enablement And Development Market 2023-2030 ($M) - Regional Industry Research
24.3 Device Management Market 2023-2030 ($M) - Regional Industry Research
25.Europe Connected Enterprise:Application Estimate Trend Analysis Market 2023-2030 ($M)
25.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
25.2 Bfsi Market 2023-2030 ($M) - Regional Industry Research
25.3 It Telecom Market 2023-2030 ($M) - Regional Industry Research
25.4 Retail Market 2023-2030 ($M) - Regional Industry Research
25.5 Healthcare Market 2023-2030 ($M) - Regional Industry Research
25.6 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
26.APAC Connected Enterprise:Component Estimate Trend Analysis Market 2023-2030 ($M)
26.1 Solution Market 2023-2030 ($M) - Regional Industry Research
26.2 Service Market 2023-2030 ($M) - Regional Industry Research
26.3 Platform Market 2023-2030 ($M) - Regional Industry Research
27.APAC Connected Enterprise:Solution Estimate Trend Analysis Market 2023-2030 ($M)
27.1 Me Market 2023-2030 ($M) - Regional Industry Research
27.2 Customer Experience Management Market 2023-2030 ($M) - Regional Industry Research
27.3 Business Analytics Market 2023-2030 ($M) - Regional Industry Research
27.4 Application Value Management Market 2023-2030 ($M) - Regional Industry Research
27.5 Remote Monitoring Market 2023-2030 ($M) - Regional Industry Research
28.APAC Connected Enterprise:Service Estimate Trend Analysis Market 2023-2030 ($M)
28.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
28.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
29.APAC Connected Enterprise:Platform Estimate Trend Analysis Market 2023-2030 ($M)
29.1 Connectivity Management Market 2023-2030 ($M) - Regional Industry Research
29.2 Application Enablement And Development Market 2023-2030 ($M) - Regional Industry Research
29.3 Device Management Market 2023-2030 ($M) - Regional Industry Research
30.APAC Connected Enterprise:Application Estimate Trend Analysis Market 2023-2030 ($M)
30.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
30.2 Bfsi Market 2023-2030 ($M) - Regional Industry Research
30.3 It Telecom Market 2023-2030 ($M) - Regional Industry Research
30.4 Retail Market 2023-2030 ($M) - Regional Industry Research
30.5 Healthcare Market 2023-2030 ($M) - Regional Industry Research
30.6 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
31.MENA Connected Enterprise:Component Estimate Trend Analysis Market 2023-2030 ($M)
31.1 Solution Market 2023-2030 ($M) - Regional Industry Research
31.2 Service Market 2023-2030 ($M) - Regional Industry Research
31.3 Platform Market 2023-2030 ($M) - Regional Industry Research
32.MENA Connected Enterprise:Solution Estimate Trend Analysis Market 2023-2030 ($M)
32.1 Me Market 2023-2030 ($M) - Regional Industry Research
32.2 Customer Experience Management Market 2023-2030 ($M) - Regional Industry Research
32.3 Business Analytics Market 2023-2030 ($M) - Regional Industry Research
32.4 Application Value Management Market 2023-2030 ($M) - Regional Industry Research
32.5 Remote Monitoring Market 2023-2030 ($M) - Regional Industry Research
33.MENA Connected Enterprise:Service Estimate Trend Analysis Market 2023-2030 ($M)
33.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
33.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
34.MENA Connected Enterprise:Platform Estimate Trend Analysis Market 2023-2030 ($M)
34.1 Connectivity Management Market 2023-2030 ($M) - Regional Industry Research
34.2 Application Enablement And Development Market 2023-2030 ($M) - Regional Industry Research
34.3 Device Management Market 2023-2030 ($M) - Regional Industry Research
35.MENA Connected Enterprise:Application Estimate Trend Analysis Market 2023-2030 ($M)
35.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
35.2 Bfsi Market 2023-2030 ($M) - Regional Industry Research
35.3 It Telecom Market 2023-2030 ($M) - Regional Industry Research
35.4 Retail Market 2023-2030 ($M) - Regional Industry Research
35.5 Healthcare Market 2023-2030 ($M) - Regional Industry Research
35.6 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Connected Enterprise Market Revenue, 2023-2030 ($M)
2.Canada Connected Enterprise Market Revenue, 2023-2030 ($M)
3.Mexico Connected Enterprise Market Revenue, 2023-2030 ($M)
4.Brazil Connected Enterprise Market Revenue, 2023-2030 ($M)
5.Argentina Connected Enterprise Market Revenue, 2023-2030 ($M)
6.Peru Connected Enterprise Market Revenue, 2023-2030 ($M)
7.Colombia Connected Enterprise Market Revenue, 2023-2030 ($M)
8.Chile Connected Enterprise Market Revenue, 2023-2030 ($M)
9.Rest of South America Connected Enterprise Market Revenue, 2023-2030 ($M)
10.UK Connected Enterprise Market Revenue, 2023-2030 ($M)
11.Germany Connected Enterprise Market Revenue, 2023-2030 ($M)
12.France Connected Enterprise Market Revenue, 2023-2030 ($M)
13.Italy Connected Enterprise Market Revenue, 2023-2030 ($M)
14.Spain Connected Enterprise Market Revenue, 2023-2030 ($M)
15.Rest of Europe Connected Enterprise Market Revenue, 2023-2030 ($M)
16.China Connected Enterprise Market Revenue, 2023-2030 ($M)
17.India Connected Enterprise Market Revenue, 2023-2030 ($M)
18.Japan Connected Enterprise Market Revenue, 2023-2030 ($M)
19.South Korea Connected Enterprise Market Revenue, 2023-2030 ($M)
20.South Africa Connected Enterprise Market Revenue, 2023-2030 ($M)
21.North America Connected Enterprise By Application
22.South America Connected Enterprise By Application
23.Europe Connected Enterprise By Application
24.APAC Connected Enterprise By Application
25.MENA Connected Enterprise By Application
26.Cisco Systems, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.General Electric Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Harman International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Honeywell International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ibm Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Jacob Engineering Group, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Machineshop Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Microsoft Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Ptc Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Rockwell Automation Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Verizon Communication Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Wipro Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
The Connected Enterprise Market is projected to grow at 24.4% CAGR during the forecast period 2024-2030.
Connected Enterprise Market size is estimated to be $357.1 billion in 2023 and is projected to reach $1.646.6 billion by 2030.
The leading players in the Connected Enterprise Market are Cisco Systems, Inc, General Electric Company, Honeywell International, Inc, IBM Corporation, AWS and Others.
Enhanced operational efficiency, improved customer engagement and experience which will create growth opportunities for the market during the forecast period.
Rise of IoT is a major driver, advancements in data analytics are the driving factors of the market.