• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Connected Enterprise Market

    ID: MRFR/ICT/9569-HCR
    120 Pages
    Ankit Gupta
    October 2025

    Connected Enterprise Market Research Report: Information By Component (Solutions and Services), by Type (Manufacturing Execution System, Customer Experience Management, Enterprise Infrastructure Management, Asset Performance Management, and Remote Monitoring System), by End User (Manufacturing, IT & Telecommunication, Retail & E-commerce, BFSI, Healthcare, and Energy and Utility), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035.

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Connected Enterprise Market Infographic
    Purchase Options

    Connected Enterprise Market Summary

    As per MRFR analysis, the Connected Enterprise Market Size was estimated at 444.3 USD Billion in 2024. The Connected Enterprise industry is projected to grow from 552.94 USD Billion in 2025 to 4928.31 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 24.45 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    <p>The Connected Enterprise Market is experiencing robust growth driven by technological advancements and evolving business needs.</p>

    • The integration of IoT solutions is becoming increasingly prevalent in North America, enhancing operational efficiency.
    • Data analytics is gaining traction in the Asia-Pacific region, enabling organizations to derive actionable insights from vast data sets.
    • Sustainability initiatives are influencing enterprise strategies, particularly in manufacturing execution systems, which remain the largest segment.
    • The rise of remote work solutions and advancements in artificial intelligence are key drivers propelling market expansion.

    Market Size & Forecast

    2024 Market Size 444.3 (USD Billion)
    2035 Market Size 4928.31 (USD Billion)
    CAGR (2025 - 2035) 24.45%

    Major Players

    Siemens (DE), General Electric (US), Honeywell (US), Cisco Systems (US), IBM (US), Schneider Electric (FR), Rockwell Automation (US), SAP (DE), Microsoft (US)

    Connected Enterprise Market Trends

    The Connected Enterprise Market is currently experiencing a transformative phase, driven by advancements in technology and the increasing need for operational efficiency. Organizations are increasingly adopting integrated solutions that facilitate seamless communication and collaboration across various departments. This shift towards connectivity not only enhances productivity but also fosters innovation, enabling businesses to respond swiftly to market demands. As enterprises embrace digital transformation, the focus on data-driven decision-making becomes paramount, allowing for improved insights and strategic planning. Furthermore, the rise of the Internet of Things (IoT) and artificial intelligence is reshaping traditional business models, creating new opportunities for growth and competitive advantage. In addition, the emphasis on sustainability and environmental responsibility is influencing the Connected Enterprise Market. Companies are seeking ways to optimize resource utilization and reduce their carbon footprint through connected technologies. This trend indicates a broader recognition of the importance of sustainable practices in maintaining long-term viability. As organizations navigate this evolving landscape, the integration of advanced technologies will likely play a crucial role in shaping the future of the Connected Enterprise Market, fostering a more interconnected and efficient business environment.

    Integration of IoT Solutions

    The integration of Internet of Things (IoT) solutions is becoming increasingly prevalent within the Connected Enterprise Market. This trend highlights the growing reliance on interconnected devices that facilitate real-time data exchange, enhancing operational efficiency and enabling proactive decision-making.

    Focus on Data Analytics

    A pronounced focus on data analytics is emerging as a key trend in the Connected Enterprise Market. Organizations are leveraging advanced analytical tools to derive actionable insights from vast amounts of data, thereby improving strategic planning and operational effectiveness.

    Sustainability Initiatives

    Sustainability initiatives are gaining traction within the Connected Enterprise Market. Companies are prioritizing eco-friendly practices and resource optimization, driven by both regulatory pressures and consumer demand for environmentally responsible operations.

    The evolution of the connected enterprise landscape suggests a transformative shift towards enhanced operational efficiency and data-driven decision-making, driven by advancements in digital technologies and the increasing integration of IoT solutions across various sectors.

    U.S. Department of Commerce

    Connected Enterprise Market Drivers

    Integration of 5G Technology

    The rollout of 5G technology is set to revolutionize the Connected Enterprise Market by enabling faster and more reliable connectivity. This advancement facilitates the seamless integration of IoT devices, allowing for real-time data exchange and enhanced operational efficiency. With 5G networks expected to cover a significant portion of the population by 2026, enterprises are likely to leverage this technology to optimize their operations. The increased bandwidth and reduced latency associated with 5G can support a multitude of applications, from smart manufacturing to remote monitoring. As organizations seek to harness the full potential of connected devices, the Connected Enterprise Market is likely to experience accelerated growth, driven by the demand for high-speed, low-latency communication solutions.

    Rise of Remote Work Solutions

    The shift towards remote work solutions has catalyzed the Connected Enterprise Market. Organizations are increasingly adopting technologies that facilitate seamless communication and collaboration among distributed teams. This trend is evidenced by a reported increase in the use of cloud-based platforms, which are projected to grow at a compound annual growth rate of 22% through 2026. As businesses seek to enhance productivity and maintain operational efficiency, the demand for integrated systems that support remote work is likely to surge. Consequently, the Connected Enterprise Market is witnessing a transformation, as companies invest in tools that enable real-time data sharing and project management across various locations. This evolution not only enhances employee engagement but also drives innovation in service delivery, thereby reshaping the competitive landscape.

    Increased Focus on Cybersecurity

    As enterprises become more interconnected, the emphasis on cybersecurity within the Connected Enterprise Market has intensified. Organizations are recognizing the vulnerabilities associated with digital transformation and are investing heavily in robust security measures. The Connected Enterprise is projected to reach USD 345 billion by 2026, reflecting a growing awareness of the need to protect sensitive data and maintain operational integrity. This heightened focus on cybersecurity is likely to drive the adoption of advanced security solutions, including encryption, multi-factor authentication, and threat detection systems. Consequently, the Connected Enterprise Market is evolving to incorporate security as a fundamental component of enterprise architecture, ensuring that businesses can operate securely in an increasingly digital landscape.

    Advancements in Artificial Intelligence

    Artificial Intelligence (AI) is playing a pivotal role in the evolution of the Connected Enterprise Market. The integration of AI technologies into enterprise systems allows for enhanced decision-making processes and operational efficiencies. For instance, AI-driven analytics can process vast amounts of data, providing insights that were previously unattainable. The market for AI in enterprise applications is expected to reach USD 190 billion by 2025, indicating a robust growth trajectory. This surge in AI adoption is likely to empower organizations to automate routine tasks, optimize supply chains, and improve customer experiences. As enterprises increasingly rely on AI to drive strategic initiatives, the Connected Enterprise Market is poised for significant transformation, fostering a more agile and responsive business environment.

    Growing Demand for Sustainable Practices

    The emphasis on sustainability is becoming increasingly prominent within the Connected Enterprise Market. Organizations are recognizing the importance of adopting sustainable practices to meet regulatory requirements and consumer expectations. This shift is reflected in the growing investment in technologies that promote energy efficiency and reduce carbon footprints. The market for sustainable technologies is projected to reach USD 1 trillion by 2025, indicating a significant trend towards eco-friendly solutions. As enterprises strive to enhance their sustainability profiles, the Connected Enterprise Market is likely to see a surge in the adoption of green technologies, such as renewable energy systems and waste reduction initiatives. This focus on sustainability not only aligns with corporate social responsibility goals but also enhances brand reputation and customer loyalty.

    Market Segment Insights

    By Component: Solutions (Largest) vs. Services (Fastest-Growing)

    In the Connected Enterprise Market, the component segment is prominently defined by two core values: Solutions and Services. Solutions currently hold the largest market share, reflecting a strong preference among enterprises for integrated systems and products that enhance connectivity and operational efficiency. In comparison, Services, which include implementation, maintenance, and consulting, are rapidly gaining traction as organizations seek to leverage technology to optimize their operations and achieve better outcomes.

    Solutions (Dominant) vs. Services (Emerging)

    Solutions dominate the Connected Enterprise Market by offering comprehensive and cohesive products that facilitate seamless connectivity across various devices and platforms. These solutions enable enterprises to achieve higher operational efficiency and responsive decision-making capabilities. On the other hand, Services are emerging as vital components of the market, with increasing demand driven by the need for ongoing support, expert implementation strategies, and the continuous evolution of technology. Services provide the adaptability that enterprises require to stay competitive, serving as catalysts for digital transformation and enhancing the overall value of the connected systems.

    By Type: Manufacturing Execution System (Largest) vs. Remote Monitoring System (Fastest-Growing)

    In the Connected Enterprise Market, the Manufacturing Execution System (MES) stands out as the largest segment, commanding a significant share of the market. This segment is essential for facilitating real-time monitoring and control of production processes, making it indispensable for manufacturers seeking to enhance efficiency and output. In contrast, the Remote Monitoring System is the fastest-growing segment, driven by the increasing demand for predictive maintenance and real-time data access, positioning it as a critical area for innovation and investment.

    Performance Management: Manufacturing Execution System (Dominant) vs. Remote Monitoring System (Emerging)

    The Manufacturing Execution System is crucial for integrating manufacturing operations with enterprise systems, providing manufacturers with tools to optimize production schedules, track inventory, and improve quality control. It enhances operational visibility and aligns production with business objectives. Emerging alongside it is the Remote Monitoring System, which leverages IoT technologies to monitor equipment performance and operational parameters from distant locations. This segment is rapidly gaining traction due to its ability to minimize downtime and enhance service delivery, showcasing the shift towards smarter, connected operations in the manufacturing landscape.

    By End User: Manufacturing (Largest) vs. Healthcare (Fastest-Growing)

    In the Connected Enterprise Market, the largest segment is undeniably Manufacturing, which commands a significant portion of market share due to its extensive adoption of IoT technologies and automation. The integration of advanced connectivity solutions in manufacturing processes enables improved efficiency and productivity, allowing companies to optimize their operations and reduce downtime. Following closely, Healthcare is emerging as a fast-growing segment, driven by the increasing demand for connected medical devices and telehealth solutions, responding to unmatched healthcare challenges and innovations. The growth trends reflect a dynamic shift as organizations across various industries are increasingly recognizing the value in digital transformation. The Healthcare sector, in particular, is experiencing rapid adoption of connected enterprise solutions, fueled by the need for real-time data sharing and improving patient outcomes. Furthermore, with advancements in artificial intelligence and analytics, end users in this segment can gain actionable insights that enhance their operational capabilities, setting a strong foundation for sustained growth in the years to come.

    Manufacturing: Dominant vs. Healthcare: Emerging

    Manufacturing stands as the dominant segment in the Connected Enterprise Market, characterized by its robust infrastructure focused on automating processes and enhancing product quality through real-time data analytics. This sector's early adoption of connected technologies provides substantial advantages in terms of efficiency and cost reduction, positioning it as a trailblazer for other industries. On the other hand, Healthcare, identified as an emerging segment, is rapidly advancing due to a surge in telemedicine and remote patient monitoring services prompted by a growing emphasis on health and safety. This sector's integration of connected solutions not only improves operational efficiencies but also enables healthcare providers to deliver personalized care, thus driving its upward growth trajectory in the evolving connected landscape.

    Get more detailed insights about Connected Enterprise Market

    Regional Insights

    North America : Innovation and Leadership Hub

    North America leads the Connected Enterprise market, driven by rapid technological advancements and a strong focus on digital transformation. The region holds approximately 45% of the global market share, with the United States being the largest contributor, followed by Canada at around 15%. Regulatory support for smart manufacturing and IoT integration further fuels growth, as companies seek to enhance operational efficiency and reduce costs. The competitive landscape is robust, featuring key players like General Electric, Honeywell, and Cisco Systems. The U.S. government promotes initiatives to foster innovation in connected technologies, while Canada emphasizes sustainable practices. This environment encourages collaboration among industry leaders, ensuring that North America remains at the forefront of the Connected Enterprise market.

    Europe : Emerging Digital Transformation Leader

    Europe is witnessing significant growth in the Connected Enterprise market, driven by stringent regulations on energy efficiency and sustainability. The region accounts for approximately 30% of the global market, with Germany and the United Kingdom being the largest markets, holding around 12% and 8% respectively. The European Union's Green Deal and digital strategy initiatives are key regulatory catalysts that promote the adoption of connected technologies across various sectors. Leading countries in Europe are investing heavily in smart manufacturing and IoT solutions, with companies like Siemens and Schneider Electric leading the charge. The competitive landscape is characterized by a mix of established players and innovative startups, fostering a dynamic environment for growth. Collaborative efforts among nations further enhance the region's capabilities in connected enterprise solutions.

    Asia-Pacific : Rapid Growth and Adoption

    Asia-Pacific is rapidly emerging as a powerhouse in the Connected Enterprise market, driven by increasing urbanization and industrialization. The region holds approximately 20% of the global market share, with China and Japan leading the way, accounting for around 10% and 5% respectively. Government initiatives promoting smart cities and Industry 4.0 are significant growth drivers, encouraging investments in connected technologies across various sectors. Countries like India and South Korea are also making strides in adopting connected solutions, with a focus on enhancing operational efficiency. The competitive landscape features a mix of global players and local innovators, creating a vibrant ecosystem. Companies such as IBM and Rockwell Automation are actively expanding their presence in the region, contributing to its growth in the Connected Enterprise market.

    Middle East and Africa : Emerging Market with Potential

    The Middle East and Africa region is gradually emerging in the Connected Enterprise market, driven by increasing investments in infrastructure and technology. The region holds about 5% of the global market share, with the United Arab Emirates and South Africa being the largest contributors, accounting for approximately 2% and 1% respectively. Government initiatives aimed at diversifying economies and enhancing digital capabilities are key growth drivers in this region. Countries in the Middle East are focusing on smart city projects, while African nations are leveraging technology to improve operational efficiencies. The competitive landscape is evolving, with both local and international players seeking to establish a foothold. Companies like Honeywell and Siemens are actively participating in projects, contributing to the region's growth in connected enterprise solutions.

    Key Players and Competitive Insights

    The Connected Enterprise Market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and an increasing demand for integrated solutions across various sectors. Key players such as Siemens (DE), General Electric (US), and Honeywell (US) are strategically positioning themselves through innovation and partnerships, thereby enhancing their operational focus. Siemens (DE) emphasizes digital transformation and smart infrastructure, while General Electric (US) leverages its industrial IoT capabilities to optimize operational efficiency. Honeywell (US) is focusing on sustainability and energy management solutions, which collectively shape a competitive environment that is increasingly reliant on technological integration and collaborative ecosystems.

    In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The Connected Enterprise Market appears moderately fragmented, with a mix of established players and emerging startups. The collective influence of these key players fosters a competitive structure that encourages innovation and the adoption of advanced technologies, thereby driving growth and market expansion.

    In August 2025, Siemens (DE) announced a strategic partnership with a leading cloud service provider to enhance its digital offerings in the manufacturing sector. This collaboration aims to integrate advanced analytics and AI capabilities into Siemens' existing solutions, thereby enabling clients to achieve greater operational efficiency. The strategic importance of this partnership lies in its potential to position Siemens as a frontrunner in the digital transformation of manufacturing processes, aligning with the growing trend towards smart factories.

    In September 2025, General Electric (US) unveiled a new suite of AI-driven predictive maintenance tools designed for the energy sector. This initiative is expected to significantly reduce downtime and maintenance costs for clients, thereby enhancing operational reliability. The introduction of these tools underscores General Electric's commitment to leveraging AI technologies to improve asset management and operational performance, which is crucial in a market increasingly focused on efficiency and sustainability.

    In October 2025, Honeywell (US) launched a new sustainability initiative aimed at reducing carbon emissions across its product lines. This initiative not only aligns with global sustainability goals but also positions Honeywell as a leader in environmentally responsible technology solutions. The strategic importance of this move is evident in its potential to attract environmentally conscious clients and enhance brand loyalty in a market that is progressively prioritizing sustainability.

    As of October 2025, current competitive trends in the Connected Enterprise Market are heavily influenced by digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancement, and supply chain reliability. This shift suggests that companies that prioritize these elements will be better positioned to thrive in an increasingly complex and competitive market.

    Key Companies in the Connected Enterprise Market market include

    Industry Developments

    • Q2 2024: Siemens and Microsoft expand partnership to accelerate AI adoption in manufacturing Siemens and Microsoft announced an expanded partnership to integrate generative AI into Siemens’ industrial automation platforms, aiming to boost productivity and connectivity in manufacturing environments.
    • Q2 2024: Rockwell Automation acquires Clearpath Robotics to advance industrial connected enterprise solutions Rockwell Automation completed the acquisition of Clearpath Robotics, a leader in autonomous mobile robots, to enhance its connected enterprise offerings for smart manufacturing and logistics.
    • Q2 2024: Honeywell launches new Connected Enterprise Cybersecurity Center in Atlanta Honeywell opened a new cybersecurity center dedicated to protecting industrial connected enterprise systems, providing advanced threat detection and response services for critical infrastructure clients.
    • Q3 2024: Cisco Systems announces $1 billion investment in Connected Enterprise innovation labs Cisco Systems unveiled a $1 billion investment plan to establish global innovation labs focused on developing next-generation connected enterprise solutions leveraging IoT, AI, and secure networking.
    • Q3 2024: ABB and Ericsson sign strategic partnership for 5G-enabled industrial automation ABB and Ericsson entered a multi-year partnership to co-develop 5G-enabled solutions for connected enterprises, targeting enhanced automation and real-time data exchange in manufacturing and logistics.
    • Q3 2024: Schneider Electric acquires Senseware to expand IoT-based building connectivity Schneider Electric acquired Senseware, a US-based IoT platform provider, to strengthen its connected enterprise portfolio for smart buildings and infrastructure management.
    • Q4 2024: Nozomi Networks raises $100M to scale industrial cybersecurity for connected enterprises Nozomi Networks secured $100 million in Series D funding to expand its cybersecurity solutions for industrial connected enterprise environments, focusing on critical infrastructure and manufacturing.
    • Q4 2024: Siemens launches Xcelerator as a Service for connected enterprises Siemens introduced Xcelerator as a Service, a cloud-based platform designed to accelerate digital transformation and connectivity for enterprises across manufacturing, energy, and infrastructure sectors.
    • Q1 2025: PTC appoints new CEO to drive connected enterprise strategy PTC announced the appointment of a new CEO, emphasizing a renewed focus on expanding its connected enterprise software and IoT solutions for industrial clients.
    • Q1 2025: Honeywell wins $250M contract for smart city connected enterprise platform in Dubai Honeywell secured a $250 million contract to deploy its connected enterprise platform for smart city infrastructure in Dubai, integrating IoT, AI, and data analytics for urban management.
    • Q2 2025: Cisco launches new Secure Connected Enterprise suite for global enterprises Cisco introduced a new suite of secure connected enterprise solutions, combining advanced networking, cybersecurity, and IoT management tools for multinational organizations.
    • Q2 2025: Rockwell Automation opens new Connected Enterprise Innovation Center in Singapore Rockwell Automation inaugurated a new innovation center in Singapore dedicated to developing and demonstrating connected enterprise technologies for the Asia-Pacific region.

    Future Outlook

    Connected Enterprise Market Future Outlook

    The Connected Enterprise Market is projected to grow at a 24.45% CAGR from 2024 to 2035, driven by advancements in IoT, AI integration, and increased demand for operational efficiency.

    New opportunities lie in:

    • Development of AI-driven predictive maintenance solutions
    • Integration of blockchain for supply chain transparency
    • Expansion of remote monitoring services for industrial equipment

    By 2035, the Connected Enterprise Market is expected to be a cornerstone of digital transformation across industries.

    Market Segmentation

    Connected Enterprise Market Type Outlook

    • Manufacturing Execution System
    • Customer Experience Management
    • Enterprise Infrastructure Management
    • Asset Performance Management
    • Remote Monitoring System

    Connected Enterprise Market End User Outlook

    • Manufacturing
    • IT & Telecommunication
    • Retail & E-commerce
    • BFSI
    • Healthcare
    • Energy and Utility

    Connected Enterprise Market Component Outlook

    • Solutions
    • Services

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 444.30 Billion
    Market Size 2035 4928.31 (Value (USD Billion))
    Compound Annual Growth Rate (CAGR) 24.45% (2025 - 2035)
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, End User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Accelerite, Bosch GmbH, Cisco Systems, GE Digital, Honeywell International Inc., IBM, MindTree Ltd., PTC, Rockwell Automation, Inc., UiPath
    Key Market Opportunities Rise in smart city programs
    Key Market Dynamics Growing industry demand for automation and cloud computing
    Market Size 2025 552.94 (Value (USD Billion))

    Market Highlights

    Author
    Ankit Gupta
    Senior Research Analyst

    Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

    Leave a Comment

    FAQs

    How much is the Connected Enterprise market?

    The global Connected Enterprise market size was valued at USD 346.03 Billion in 2023.

    What is the growth rate of the Connected Enterprise market?

    The global market is projected to grow at a CAGR of 24.45% during the forecast period, 2024-2032.

    Which region held the largest market share in the Connected Enterprise market?

    North America had the largest share in the global market.

    Who are the key players in the Connected Enterprise market?

    The key players in the market are Accelerite, Bosch GmbH, Cisco Systems, GE Digital, Honeywell International Inc., IBM, MindTree Ltd.

    Which type led the Connected Enterprise market?

    The solutions category dominated the market in 2022.

    Which End User had the largest market share in the Connected Enterprise market?

    The manufacturing had the largest share in the global market.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials