Connected Enterprise Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
The connected enterprise market has become a key part of the corporate sector following the widespread adoption of digital data storage and communication protocol. The connected enterprise sector represents a web of technologies and devices rather than an isolated solution. A wide variety of solutions aimed at stronger business integration and easier communication between various nodes of a corporate network make up the global connected enterprise market. Rising awareness regarding the benefits of the technology has been vital for the global connected enterprise market, as high costs remain a significant restraint for the market even in developed economies.
The benefits of incorporating a connected enterprise system are seen mainly in quick and easy communication and the help provided by the same in decision making. Connecting the disparate nodes of the corporate web has been the key demand from the corporate sector, as it has become necessary in a highly dynamic market. Due to the continuous fluctuations in the global economic scenario, smooth communication between hierarchies and various subsystems has become vitally important in the corporate sector. This has been the key driver for the global connected enterprise market and is likely to ensure steady demand in the coming years.
Leading players in the global connected enterprise market include Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Verizon Communications Inc., Honeywell International Inc., General Electric, and Rockwell Automation Inc. As can be seen from the dominance of North American companies, the region is the leading contributor to the global connected enterprise market. This is mainly due to the high costs of adopting comprehensive connected enterprise systems, which have restricted demand from the connected enterprise market in developing regions such as Asia Pacific and Latin America.
A connected enterprise is a business ecosystem whose all lines of business are digitized, including but not limited to customer service and sales, research and development, finance, human resources, internal communication, and finance. A connected ecosystem is capable of changing the way an enterprise in a number of industries operates. By enabling a seamless and secure connection between people, equipment, and processes, connected enterprises can make use of smart processes capable of using the power of data analytics and help improve the effectiveness of overall operations and reduce operational costs.
The increased realization of the vast potential benefits of a connected ecosystem, in terms of improved communication and overall service quality with customers, partners, and employees, and effective and faster response to threats and opportunities, is compelling enterprise to turn to digitization and connected enterprise technology. A connected ecosystem is fast becoming the central approach taken by enterprises to achieve digital transformation in processes and operations and make them more agile and productive.
This report on the global connected enterprise market presents a thorough overview of the growth dynamics of the market and its key segments in the present-day scenario. Vast projections regarding the growth prospects of the market and its segments across key regional market and on a global front are also included. Projections are based on intensive analysis of factors such as trends, drivers, challenges, opportunities, regulatory aspects, level of competition, inputs from industry experts, and industry-best analytical techniques.
Globally, a continuously rising number of forward-thinking enterprises are recognizing the potential of a connected ecosystem and increasing investment required to move from a conventional IT infrastructure to a completely connected one. In the next few years, this trend will lead to a significant rise in demand for connected enterprise solutions and services, allowing the market significant growth opportunities across a number of regional markets. Across the industrial sector, the intense competition faced even by the most reputed and established companies will be a factor compelling enterprises to move to a connected ecosystem to gain optimal results in terms of productivity, effectively, and cost-competitiveness.
As the number of connected and smart data points increase in enterprises, owing to the increasing integration of mobile computing devices in internal enterprise networks, trends such as bring-your-own-device (BYOD), and geographically dispersed workplaces, the need for effective solutions to bring all these data points together in one unified and secure network will continue to rise. These factors will also significantly drive the global connected enterprise market in the next few years.
Presently, the high cost involved in the implementation of a connected enterprise ecosystem and the shift from conventional to an advanced IT infrastructure have mostly restricted the market to developed economies. However, the adoption is seen rising at a highly encouraging pace across many developed economies across regions such as Asia Pacific and Latin America. Over the report’s forecast period, the market will gain a substantial share in its revenue from sales and services across emerging economies with a strengthening enterprise sector. Presently, however, North America accounts for the leading share in the global market, followed by Europe.
Some of the key vendors operating in the highly competitive market profiled in the report are Rockwell Automation, Inc., PTC, Inc., Microsoft Corporation, IBM Corporation, Honeywell International, Inc., Cisco Systems, Inc., General Electric, Accelerite, and Verizon Communications, Inc. Apart from these established players, several regional and domestic players also account for a sizeable share in the global market owing to economic and custom-made products.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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