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The major companies operating in the connected enterprise industry include:
They focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner maximum market revenue.
Cisco Systems, Inc., General Electric Company, IBM Corporation, Verizon Communications, Wipro Limited, SAP SE, Honeywell International, Robert Bosch, and Schneider Electric are some of the major connected enterprise companies worldwide.
North America recorded over 37% of the market share in 2023, owing to the rapid technological advancements in the region.
The manufacturing execution system (MES) solution segment held over 29% of the market share in 2023, on account of the growing emphasis on improving operational efficiency among organizations
The market size of connected enterprise reached USD 358.6 billion in 2023 and is set to witness 29% CAGR from 2024 to 2032, due to increasing investments in IoT solutions and the expansion of remote work environments worldwide.