The connected enterprise market is estimated 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. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021. The connected enterprise industry is likely to be impacted by some disruptive technologies such as digital healthcare technology, streaming, and data analytics.
The integration of connected enterprise helps IT infrastructure to monitor, analyze, and control the main network connectivity. Platforms such as device management and connectivity management have high global acceptance in the IT industry; however, the emerging application enablement platform is expected to witness high growth rate. The global market is expected to grow significantly during the forecast period. North America is expected to hold the largest share of the connected enterprise market, followed by Europe.
Objectives of the Study:
This report aims to estimate the market size and future growth potential of the connected enterprise market across different segments such as platforms, solutions, services, verticals and regions. The report also focuses on information regarding the key factors (drivers, restraints, opportunities, and challenges) influencing market growth. Additionally, the opportunities in the connected enterprise market are providing strategic profiles of the key players to the stakeholders present in the market. Allowing the stakeholders to comprehensively analyze the core competencies, and to draw the competitive landscape of the market.
The research methodology used to estimate and forecast the connected enterprise market begins with capturing data on key vendor revenues through secondary research such as National Telecommunication and Information Administration (NTIA) report. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global connected enterprise market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments. The breakdown of profiles of primary discussion participants is depicted in the below figure:
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The connected enterprise market ecosystem comprises vendors such as Rockwell Automation Inc. (U.S.), Cisco Systems Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Bosch (Germany), Honeywell International (U.S.), GE (U.S.), Accelerite (U.S.), Verizon Communications Inc. (U.S.), and PTC (U.S.) that maintain and update the entire software system and sell them to end users to cater to their unique business requirements.
Key Target Audience
- Semiconductor companies
- Embedded systems companies
- Application developers and aggregators
- Managed service providers and middleware companies
- Wireless infrastructure providers and service providers
- Data management and predictive analysis companies
- Sensor, location, and detection solution providers
- Internet identity management, privacy, and security companies
- Machine-to-Machine (M2M), IoT, and telecommunications companies
Scope of the Report
The research report categorizes the connected enterprise market to forecast the revenues and analyze the trends in each of the following sub-segments:
- Device Management
- Connectivity Management
- Application Enablement
- Real-Time Collaboration
- Enterprise Infrastructure Management
- Streaming Analytics
- Security Solution
- Data Management
- Remote Monitoring System
- Network Management
- Mobile Workforce Management
- Customer Experience Management
- Asset Performance Management
- Professional Services
- Consulting Services
- Integration and Deployment Services
- Support and Maintenance
- Managed Services
- Healthcare and Life Sciences
- Retail and Ecommerce
- Telecommunication and IT
- Energy and Utilities
- Media and Enterprises
- North America
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
MarketsandMarkets forecasts the connected enterprise market size 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%.
The connected enterprise solutions and services offer a pro-active and real-time monitoring of business activities, providing comprehensive control over various tasks in the enterprise ecosystem. The security solution is growing rapidly owing to the increasing adoption of connected enterprise systems and growing security concerns.
The connected enterprise market is broadly classified into solutions, services, platforms, verticals, and regions. The solutions segment is further divided into real-time collaboration, enterprise infrastructure management, streaming analytics, security solution, data management, remote monitoring solution, network management, mobile workforce management, customer experience management, and asset performance management. Compared to solutions, the services segment is expected to grow at a higher CAGR during the forecast period. The services in the connected enterprise market are aimed at enabling smart and coordinated decision-making processes and mitigating the risks and vulnerabilities of Internet of Things (IoT) in enterprises using efficient tools and techniques. Moreover, these services enhance data management techniques and help to meet the end-to-end needs of all the verticals.
The security solution is expected to grow at the highest CAGR during the forecast period, as it is specifically focused on data security, which is the prime need of the enterprise. Moreover, the data management solution offers flexibility and scalability to enterprises, as their most important asset is data. These solutions help the enterprises gain operational efficiency and bandwidth as per their requirement.
With the increasing usage of numerous devices across enterprises, various advanced threats have also evolved and the need to maintain the safety and confidentiality of enterprise data has become crucial. Due to the large number of devices connected in a connected system, tampering with even a single device in the network can turn out to be a potential threat for the enterprise. Connected devices need a dedicated security solution as this need cannot be met by PC security solutions for IoT embedded devices.
The adoption of connected enterprises solutions and services is growing at a fast pace in the developing regions. North America is expected to account for the largest share in the connected enterprise market, followed by Europe, in 2016. Rising need for automation and cloud computing across industries is one of the important market drivers for connected enterprises. Another important driver is the realized potential of voluminous data for better processes and operations in enterprises. However, the lack of standardized skills and privacy & security issues act as major restraining factors for the connected enterprise market.
The connected enterprise market is growing rapidly and is being widely accepted across the regions. The solutions and services that connected enterprise offers are proving to be very efficient for getting optimum production with minimal utilization of the resources. There are several established players in this market such as Rockwell Automation, Inc. (Wisconsin, U.S.), Cisco Systems, Inc. (California, U.S.), PTC, Inc. (Massachusetts, U.S.), Microsoft Corporation (Washington, U.S.), IBM Corporation (California, U.S.), Robert Bosch GmbH (Stuttgart, Germany), Honeywell International, Inc. (New Jersey, U.S.), General Electric (New York, U.S.), Accelerite (California, U.S.), and Verizon Communications, Inc. (New Jersey, U.S.).