Connected Enterprise Market To Reach $3,282.65 Billion By 2030

Connected Enterprise Market Growth & Trends

The global connected enterprise market size is expected to reach USD 3,282.65 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 32.7% from 2024 to 2030. The increasing need for automation and the 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 the 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 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 industry growth.

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Connected Enterprise Market Report Highlights

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

• Based on components, the solutions segment dominated the global industry and accounted for a revenue share of 44.2% in 2023. And the service segment is expected to experience a significant CAGR over the forecast period.

• The manufacturing segment dominated the connected enterprise market in 2023, And The IT & telecom segment is projected to grow at the fastest CAGR during the forecast period.

• North America connected enterprise market dominated the global industry and accounted for the largest revenue share of 34.3% in 2023

• 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.

Connected Enterprise Market Segmentation

Grand View Research has segmented the global connected enterprise market report based on component, application and region:

Connected Enterprise Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Solution

  • Device Management

  • Connectivity Management

  • Application Enablement

• Services

  • 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

• Platform

  • Professional Services

  • Consulting Services

  • Integration and Deployment Services

  • Support and Maintenance

  • Managed Services

Connected Enterprise Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Manufacturing

• BFSI

• IT & Telecom

• Retail

• Healthcare

• Food & Beverage

• Others

Connected Enterprise Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Connected Enterprise Market

• Accelerite

• Robert Bosch GmbH

• Cisco Systems, Inc.

• GE Digital (GE Vernova)

• Honeywell International

• IBM

• LTIMindtree Limited

• PTC

• Rockwell Automation

• UiPath