Connected Enterprise Market Size, Share, Trends, Industry Analysis Report: By Component (Solution and Service), Type, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034

Connected Enterprise Market Size, Share, Trends, Industry Analysis Report: By Component (Solution and Service), Type, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034

The connected enterprise market size is expected to reach USD 822.59 billion by 2025, according to a new study by Polaris Market Research. The report “Connected Enterprise Market Size, Share, Trends, Industry Analysis Report: By Component (Solution and Service), Type, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Connected Enterprise market refers to the integration of digital technologies within industries to enhance automation, data exchange, a nd operational efficiency. It involves the use of Internet of Things (IoT), cloud computing, big data, and artificial intelligence to create intelligent, interconnected systems across manufacturing, logistics, and other sectors. Key driving factors include the increasing demand for operational efficiency, cost reduction, and improved decision-making processes. The rise in smart factories, the adoption of Industry 4.0, and the need for real-time monitoring and predictive maintenance further propel market growth. Companies are investing in advanced technologies like edge computing and AI to optimize production and supply chain processes, driving the widespread adoption of connected enterprise solutions globally.

As enterprises aim for a competitive edge, there is a marked increase in investment in digital solutions that enable interconnected environments. These initiatives frequently align with expanding industry trends, including smart manufacturing and smart city applications, which are integral to the development of refined infrastructure projects. Thus, this alignment boosts efficiency and accelerates overall connected enterprise market growth.

Organizations are increasingly focused on improving operational efficiency to reduce downtime and optimize resource allocation, which is driving the integration of connected enterprise systems. For instance, in February 2024, Siemens plans to enhance its predictive maintenance services through Senseye Predictive Maintenance by integrating generative AI. This upgrade aims to make human-machine interactions more conversational and user-friendly, improving the speed and efficiency of predictive maintenance and enabling more intuitive decision-making. These systems allow predictive maintenance, letting businesses identify and address potential failures before they escalate, thereby reducing both time and operational costs. By harnessing data analytics from interconnected devices, companies are able to make data-driven decisions that boost productivity and enhance workflows. Consequently, the demand for connected enterprise solutions is on the rise across multiple sectors, highlighting the critical role of streamlined operations in a competitive marketplace.

Connected Enterprise Market Report Highlights

The Manufacturing Execution System (MES) segment is projected to experience the fastest growth during the forecast period, driven by the increasing need for real-time insights and control over production processes to boost productivity and minimize downtime.

In 2024, the solution segment led the global connected enterprise market, fueled by rising demand for integrated technologies that enhance operational efficiency.

In 2024, North America dominated the connected enterprise market in 2024, supported by its advanced technological infrastructure and the presence of key industry players.

Europe is forecasted to achieve the highest CAGR during the forecast period, attributed to its emphasis on digital transformation and sustainability initiatives.

A few global key market players include Accelerite; Robert Bosch GmbH; Cisco Systems, Inc.; GE Digital (GE Vernova); Honeywell International; IBM; LTIMindtree Limited; PTC; Rockwell Automation; Accenture.

Polaris Market Research has segmented the connected enterprise market report on the basis of component, type, end user, and region:

Component Outlook (Revenue, USD Billion, 2020–2034)

Solution

Services

Type Outlook (Revenue, USD Billion, 2020–2034)

Manufacturing Execution System

Customer Experience Management

Enterprise Infrastructure Management

Asset Performance Management

Remote Monitoring System

End User Outlook (Revenue, USD Billion, 2020–2034)

Manufacturing

BFSI

IT & Telecom

Retail

Healthcare

Food & Beverage

Regional Outlook (Revenue, USD Billion, 2020–2034)

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Vietnam
• Australia
• Rest of Asia Pacific

Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa