Global Connected Enterprise Market
Information Technology

Global Connected Enterprise Market Overview 2024: Size, Drivers, And Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The Business Research Company’s Connected Enterprise Global Market Report 2024 offers crucial insights into the connected enterprise market help businesses analyse and build stronger strategies.


The connected enterprise market has experienced remarkable growth, driven by technological advancements and the evolution of digital ecosystems. As businesses increasingly prioritize connectivity and agility, the market continues to expand rapidly, heralding a new era of enterprise innovation and efficiency.

Current Market Dynamics:

  • The connected enterprise market size surged from $425.54 billion in 2023 to $566.88 billion in 2024, showcasing a remarkable CAGR of 33.2%.
  • Key drivers include cloud computing adoption, edge computing advancements, data analytics, and the pervasive influence of digital transformation initiatives and Industry 4.0.

Future Projections and Influential Factors:

  • Forecasts predict exponential growth, with the market projected to reach $1689.81 billion by 2028, boasting a CAGR of 31.4%.
  • Emerging trends such as agile business models, smart buildings, health and safety enhancements, and evolving customer expectations are poised to shape market dynamics.

Fueling Growth: 5G Adoption in the Connected Enterprise Market

  • The rising adoption of 5G networks worldwide is poised to drive the connected enterprise market forward.
  • 5G technology promises higher speed, bandwidth, and lower latency, facilitating enhanced connectivity and customer experiences.
  • North America leads in 5G adoption, with projections indicating a substantial increase by 2025, further catalyzing market growth.

Major Players and Technological Advancements:

  • Leading companies in the connected enterprise market include Cisco Systems, PTC Inc., Microsoft Corporation, and others, spearheading technological innovations.
  • AI-connected enterprise solutions are emerging, facilitating digitalization and integration across business ecosystems.
  • Grammarly’s AI-connected enterprise initiative exemplifies the integration of AI to enhance organizational productivity and content creation.


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Strategic Acquisitions: Trane Technologies Acquires Nuvolo

  • Trane Technologies’ acquisition of Nuvolo underscores strategic moves within the connected enterprise space.
  • The acquisition aims to leverage complementary capabilities and technologies to enhance solutions across various verticals such as healthcare, retail, and education.
  • Nuvolo’s expertise in connected enterprise solutions aligns with Trane Technologies’ vision for integrated offerings and client-centric solutions.

Market Segmentation Insights:

  • The connected enterprise market is segmented by type, offering, and end-user.
  • Types include Manufacturing Execution System, Customer Experience Management, Asset Performance Management, and more.
  • Offerings encompass solutions and services, catering to diverse business needs.
  • End-users span across manufacturing, IT, retail, BFSI, healthcare, energy, and other sectors.

Regional Dynamics:

  • North America leads the connected enterprise market, reflecting advanced technological adoption and robust infrastructure.
  • Asia-Pacific emerges as the fastest-growing region, driven by increasing digitalization efforts and expanding business landscapes.


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The Connected Enterprise Global Market Report 2024  provides a comprehensive outlook of the connected enterprise market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The connected enterprise market forecast offers a thorough analysis on connected enterprise market size, connected enterprise market share, prominent players and their strategies.


The Table Of Content For The Connected Enterprise Market Include:
1. Connected Enterprise Market Executive Summary
2. Connected Enterprise Market Segments
3. Connected Enterprise Market Size And Connected Enterprise Market Growth Rate
4. Key Connected Enterprise Market Trends
5. Major Connected Enterprise Market Drivers
25. Key Mergers And Acquisitions In The Connected Enterprise Market
26. Top Connected Enterprise Companies
27. Connected Enterprise Market Opportunities And Strategies
28. Connected Enterprise Market, Conclusions And Recommendations
29. Appendix


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