Global Connected Enterprise Market to Grow at CAGR of 32.4% between 2017 and 2024
The Global Connected Enterprise Market accounted for USD 110.2 billion in 2016 growing at a CAGR of 32.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Connected enterprise helps in enabling more visibility, faster decision making and new collaboration. It is widely applicable in into banking, financial services, and insurance, telecommunications and IT, retail and ecommerce, energy and utilities, media and entertainment, and others. Increased need for automation and cloud computing across industries may act as the major driver in the growth of connected enterprise market. On the other side, high cost of deployment and lack of uniform IoT standards may hamper the market.
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Major Market Competitors:
Some of the major players of the global connected enterprise market are Rockwell Automation, Inc., Cisco Systems, Inc., PTC, Microsoft Corporation, IBM Corporation, Bosch Limited, Honeywell International Inc., General Electric, Accelerite, Verizon, and others.
Market Segmentation:
On The Basis Of Platform: - device management, connectivity management, and application enablement platform.
On The Basis Of Geography, the global connected enterprise market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
On The Basis Of Solution: - real-time collaboration, enterprise infrastructure management, streaming analytics, security solution, data management, remote monitoring system, network management, mobile workforce management, customer experience management, and asset performance management.
On The Basis Of Service: - managed service and professional service. The professional is further sub segmented into consulting services, integration and deployment services, and support and maintenance services.
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On The Basis Of Application: - banking, financial services, and insurance, telecommunications and IT, retail and ecommerce, energy and utilities, media and entertainment, and others.
Major Market Drivers & Restraints:
- Increasing need for automation and cloud computing across industries
- Realized potential of voluminous data for better processes and operations
- Reduced cost of maintenance on account of smart connected devices
- Steep surge in technological advancements such as big data, cloud, and mobile devices
- High cost of deployment
- Lack of uniform IoT standards and technology skills
Company Share Analysis:
The report for global connected enterprise market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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