Market Analysis:
The connected enterprise market share is a rapidly growing market that is expected to reach USD 2556.48 billion by 2032. A connected enterprise is a business that uses technology to connect its people, processes, and data to improve efficiency, productivity, and decision-making. This can be done through a variety of technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics.
The key drivers of the connected enterprise market include:
- The need for businesses to improve their operational efficiency and productivity
- The growing adoption of IoT devices and technologies
- The increasing availability of cloud computing platforms
- The growing demand for data-driven decision-making
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Key Companies
The key companies operating in the connected enterprise industry include:
- Microsoft
- IBM
- SAP
- Oracle
- Cisco
- Siemens
- GE Digital
- PTC
- Dell
- Avaya
- Honeywell
Market Segmentation
The connected enterprise market can be segmented by offering, type, end user, and region.
By offering:
- Solutions
- Services
By type:
- Manufacturing Execution System (MES)
- Customer Experience Management (CEM)
- Enterprise Infrastructure Management (EIM)
- Asset Performance Management (APM)
- Remote Monitoring System (RMS)
By end user:
- Manufacturing
- IT & Telecommunication
- Retail & E-commerce
- BFSI
- Healthcare
- Energy & Utility
By region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Regional Insights
North America is the largest market for connected enterprise solutions, followed by Europe and Asia-Pacific. The growth of the connected enterprise market in North America is being driven by the early adoption of new technologies by businesses in the region. The growth of the market in Europe is being driven by the increasing adoption of IoT devices and cloud computing platforms. The growth of the market in Asia-Pacific is being driven by the growing number of businesses in the region that are investing in digital transformation.
Industry Latest News
Here are some of the latest news stories from the connected enterprise market:
- Microsoft Acquires Nuance Communications: Microsoft announced in March 2022 that it would acquire Nuance Communications, a leading provider of speech recognition and artificial intelligence software. The acquisition is expected to help Microsoft expand its connected enterprise offerings and make it easier for businesses to digitize their operations.
- IBM Launches New AI-Powered Connected Enterprise Platform: IBM announced in May 2022 that it had launched a new AI-powered connected enterprise platform called IBM Watson IoT Platform. The platform is designed to help businesses connect their devices, data, and people to create more intelligent and efficient operations.
- SAP Announces New Partnership with Siemens: SAP announced in June 2022 that it had entered into a new partnership with Siemens to develop and deliver new connected enterprise solutions. The partnership is expected to help businesses accelerate their digital transformation and improve their operational performance.
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