Is The Connected Enterprise Market Expected To Reach $2838.54 Billion While Growing At 31% CAGR By 2030?
What Market Size Is Projected For The Connected Enterprise Market By 2030?
The connected enterprise market size has grown exponentially in recent years. It will grow from $730.26 billion in 2025 to $964.61 billion in 2026 at a compound annual growth rate (CAGR) of 32.1%. The growth in the historic period can be attributed to expansion of enterprise digitization initiatives, increasing adoption of erp and mes systems, growth in industrial automation, rising demand for operational efficiency, availability of cloud-based enterprise solutions.
The connected enterprise market size is expected to see exponential growth in the next few years. It will grow to $2838.54 billion in 2030 at a compound annual growth rate (CAGR) of 31.0%. The growth in the forecast period can be attributed to increasing investments in smart enterprise ecosystems, rising demand for ai-driven insights, expansion of remote monitoring capabilities, growing focus on cybersecurity resilience, increasing convergence of it and ot systems. Major trends in the forecast period include increasing integration of enterprise-wide digital platforms, rising adoption of real-time operational analytics, growing deployment of iot-based monitoring systems, expansion of predictive asset management solutions, enhanced focus on cross-functional data visibility.
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Which Primary Market Drivers Are Fueling Momentum In The Connected Enterprise Market?
The increasing adoption of 5G networks across the world is expected to propel the growth of the connected enterprise market going forward. 5G is the 5th generation mobile network for the higher speed and responsiveness of wireless networks. With 5G network speed, bandwidth, and lower latency, enterprises can have a better-connected experience and offer customers and associates expanded capabilities and continue to enhance the customer experience. For instance, in September 2024, according to IoT Analytics, a Germany-based business intelligence company for the IoT, AI, Cloud, Edge, and Industry 4.0, public 5G made up 95% of global 5G IoT connections. There were 1.28 million private 5G connections, making up 5% of the 5G IoT connections share. Additionally, 51% of enterprise IoT adopters plan to increase their IoT budget in 2024, and 22% of companies expect a 10%+ budget increase compared to 2023. Therefore, 5G adoption is driving growth in the connected enterprise market.
What Major Market Segments Contribute To Shaping The Overall Framework Of The Connected Enterprise Market?
The connected enterprise market covered in this report is segmented –
1) By Type: Manufacturing Execution System, Customer Experience Management, Enterprise Infrastructure Management, Asset Performance Management, Remote Monitoring System, Other Types
2) By Offering: Solutions, Services
3) By End-User: Manufacturing, IT and Telecommunication, Retail and E-commerce, BFSI, Healthcare, Energy and Utility, Other End-Users
Subsegments:
1) By Manufacturing Execution System (MES): Real-Time Monitoring, Production Scheduling
2) By Customer Experience Management (CEM): Customer Feedback Solutions, Omni-channel Engagement Platforms
3) By Enterprise Infrastructure Management: Network Management, Data Center Management
4) By Asset Performance Management: Predictive Maintenance, Asset Tracking Solutions
5) By Remote Monitoring System: IoT-Based Monitoring, Cloud-based Monitoring
6) By Other Types: Supply Chain Management, Workforce Management Solutions
What Trends Are Driving Change Across The Connected Enterprise Market Landscape?
Major companies operating in the connected enterprise market are developing technology advancements like AI-connected enterprise. AI-connected enterprise refers to the business ecosystem in which every area of business is digitalized and linked via integrated technology with artificial intelligence. For instance, in May 2023, Grammarly, a US-based software company, launched the AI-connected enterprise of the future. With the addition of new AI tools to Grammarly Business, businesses will be able to better access and use information across their organizations, raise team skills and productivity, and create content with greater speed, relevancy, and comprehension.
Who Are The Established And Emerging Players Expanding Their Footprint In The Connected Enterprise Market?
Major companies operating in the connected enterprise market are Cisco Systems Inc.; PTC Inc.; Microsoft Corporation; Robert Bosch GmbH; Honeywell International Inc.; General Electric Company; Accelerite; Verizon Communications Inc.; MindTree Ltd.; UiPath; HARMAN International; Jacobs Engineering Group Inc.; Wipro Limited; Telefonaktiebolaget LM Ericsson; Amdocs and FUJITSU; Atos SE; Capgemini SE; CGI Inc.; Cognizant Technology Solutions Corporation; DXC Technology Company; Hindustan Computers Pvt. Limited; International Business Machines Corporation; Infosys Limited; NTT DATA Corporation; Rockwell Automation Inc.; Tata Consultancy Services Limited; Tech Mahindra Limited; Vodafone Group Plc; SAP SE.
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Which Regional Clusters Are Forecasted To Outperform Others In The Connected Enterprise Market?
North America was the largest region in the connected enterprise market in http://2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected enterprise market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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