Press "Enter" to skip to content

Connected Enterprise Market is estimated to grow $400.87 Billion by 2021 at a CAGR of 31.3%

According to a new market research report Connected Enterprise Market by Platform (Device, Connectivity Management & Application Enablement), Solution, Service (Professional and Managed Services), Vertical, and Region – Global Forecast to 2021″, published by MarketsandMarkets, the market size is expected to grow from USD 102.60 Billion in 2016 to USD 400.87 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.3% during the forecast period.

Browse 70 market data Tables and 50 Figures spread through 148 Pages and in-depth TOC on “Connected Enterprise Market”

The major drivers of this market include increasing need for automation and cloud computing across industries, rising adoption of devices are generating voluminous data for better processes and operations, and growing technological advancements in enterprises. Furthermore, the rising adoption of Internet of Things (IoT)-enabled applications in Small and Medium Businesses (SMBs) provides huge opportunities for IoT platform vendors, service providers, application providers, and consulting companies.

Continuous technology advancements such as big data, cloud and streaming analytics are further driving the use of connected enterprises solutions and services

Rapid technological changes in IT have helped organizations across industry verticals to increase operational efficiency and provide proficient customer services.  The connected enterprise solution easily connects devices and enables connection to concerned IT systems and operational assets, providing a more comprehensive business value. Earlier, platform providers would provide only a single platform for managing devices or connectivity, but nowadays, a more integrated approach towards connected technology is being adopted.

 Request for Report Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=202644707   

Increasing demand for system integrators is the driving factor of professional services in the connected enterprise market

The professional services are classified into three major categories, namely, training & consulting, integration services, and support & maintenance. These services contribute in providing essential support for enhancing efficiency and increasing growth, along with reduced operating expenses and resource losses. Service providers help the clients in designing, planning, and deploying the new system into their existing IT infrastructure. Connected enterprise technology does not have uniform standards and hence system integration is required in all IoT deployments.

North America is expected to hold the largest share in the connected enterprise market

North America is expected to hold the largest market share and dominate the Connected Enterprise Market from 2016 to 2021. The main drivers responsible for the growth of connected enterprise in North America are the technological advancements, presence of top IoT players, and advanced infrastructure. The Connected Enterprise Market in Asia-Pacific (APAC) and Middle East & Africa (MEA) is expected to witness high growth due to the presence of a large number of manufacturing, industrial automation, and retail establishments.

The major vendors covered in the Connected Enterprise Market for this study include PTC (U.S), Microsoft Corporation (U.S.), IBM Corporation (U.S.), General Electric (U.S.), and Cisco Systems, Inc. (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Be First to Comment

Leave a Reply