Connected Enterprise Market Is Likely To Reach $1.94 Trillion By 2025: Grand View Research, Inc.

November 07 00:42 2019
Connected Enterprise Market Is Likely To Reach $1.94 Trillion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,The increasing need for automation and proliferation of connected devices is providing new growth avenues for the connected enterprise market.

According to a report,“Connected Enterprise Market Analysis By Component, By Solution (Manufacturing Execution System, Customer Experience Management, Business Analytics), By Services, By Platform, By Application, & Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global connected enterprise market size is expected to reach USD 1.94 trillion by 2025. The increasing need for automation and proliferation of connected devices is providing new growth avenues for the connected enterprise market.

Enterprises are moving toward digital technologies to transform their business operations, improve customer experiences and rapidly respond to emerging threats and opportunities. Industry collaborations with connected technology are gaining prominence for improving agility, productivity, and business process management. Although the Internet-of-Things (IoT) and connected technologies are becoming adept, several organizations have not included their collaboration with smart technologies in business strategies.

The implementation of intelligent networks has improved optimization of assets including equipment reliability, and energy usage and has expanded the capacity of existing assets. Enterprises are integrating people, tools, processes, and platforms comprising infrastructure and applications to disrupt the business productivity with next-generation solutions.

Moreover, organizations are looking for innovative ways to differentiate themselves from their competitors and overcome threats from new entrants. Connected solutions are increasingly adopted for generating new revenue streams and improving profit margins. These solutions help enterprises in increasing their operational efficiency by enabling real-time monitoring of assets. However, fragmented technology standards and growing security concerns are expected to deter the industry growth.

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Key Takeaways from the report:

  • Customer experience management is expected to be the fastest-growing segment owing to its transition from being transactional to more interactive and informative solution

  • The managed services segment is expected to grow at a CAGR of over 35% from 2016 to 2025. due to the increasing need for outsourcing IoT-related capabilities

  • The device management platform is anticipated to account for over 25% revenue share by 2025; the need to drive connected products assessment, reduce operational costs, and improve service quality is propelling the demand for a device management platform

  • The healthcare sector is expected to reach a valuation of over USD 150 billion by 2025 on account of its transition from providing provider-centric to patient-centric solutions

  • The Asia Pacific region is expected to be the fastest-growing regional market as the enterprises in the region are deploying connected infrastructure in new areas to improve their revenues.

  • The key industry players include IBM Corporation, Rockwell Automation, Inc., IBM Corporation, Honeywell International, Inc., and PTC Inc.

U.S. connected enterprise market, by component, 2014 – 2025 (USD Billion)

U.S. connected enterprise market, by component, 2014 - 2025 (USD Billion)

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Grand View Research has segmented the connected enterprise market based on component, solution, services, platform, application, and region:

Connected Enterprise Component Outlook (Revenue, USD Billion, 2014 – 2025)

  • Solution

  • Service

  • Platform

Connected Enterprise Solution Outlook (Revenue, USD Billion, 2014 – 2025)

  • Manufacturing execution system

  • Customer experience management

  • Business analytics

  • Application value management

  • Remote monitoring

Connected Enterprise Service Outlook (Revenue, USD Billion, 2014 – 2025)

  • Professional services

  • Managed services

Connected Enterprise Platform Outlook (Revenue, USD Billion, 2014 – 2025)

  • Connectivity management

  • Application enablement and development

  • Device management

Connected Enterprise Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Manufacturing

  • BFSI

  • IT & telecom

  • Retail

  • Healthcare

  • Food & beverage

  • Others

Connected Enterprise Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

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About Grand View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

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