Several organizations across the globe are realizing the importance of a connected ecosystem and thus, investing large sums in shifting towards connected IT infrastructure from a conventional one. As this trend is likely to continue and rise, the global market for connected enterprise is expected to register a remarkable growth rate over the coming years. A report by TMR Research, titled “Connected Enterprise Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” serves as a highly dependable business tool extensively covering all the important aspects of the market.
The intense competitive rivalry in the industrial sector will prompt organizations to adopt a connected ecosystem to gain optimum outcomes in terms of effectively, productivity, and cost-competitiveness. This trend is also likely to work in the favor of the global market. Moreover, the soaring need for automation and Internet of Things (IoT) and growing popularity of practices such as geographically dispersed workplaces and bring-your-own-device (BYOD) is augmenting the connected enterprise market.
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On the other hand, the high cost required for the implementation of connected enterprise solutions are limiting their widespread adoption, especially across small and medium-sized enterprises (SMEs). Furthermore, there is a lack of uniformity in the IoT standards across different geographies, which in turn is negatively impacting the growth of the market. However, advancements in the IoT, big data, mobile, and cloud technology are rendering the global market highly opportunistic.
Geographically, North America and Europe will account for a substantial cumulative chunk of the revenue pie of the global market. The increasing adoption of automation and cloud computing across different industries and the rising awareness regarding the benefits of connected enterprise ecosystems are contributing to the growth of these regions. The domicile of top IoT players also allows the regional markets to gain significant traction. Developing regions such as Asia Pacific and Latin America, on the other hand, will hold immense potential owing to the expanding manufacturing facilities and growing retail establishments.
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The global connected enterprise market is highly competitive in nature. The market is primarily dominated by large players in the IT sectors. However, several regional and domestic participants also command a substantial share in the global arena owing to their customized and economic offerings. Some of the prominent companies operating in the global connected enterprise market are PTC Inc., Rockwell Automation Inc., IBM Corporation, Microsoft Corporation, Cisco Systems Inc., Honeywell International Inc., Accelerite, General Electric, and Verizon Communications Inc.
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