The connected enterprise market is gaining traction owing to the increasing need for automation and cloud computing across industries. MarketsandMarkets forecasts the connected enterprise market size to grow from USD 102.60 Billion in 2016 to USD 400.87 Billion by 2021, at a CAGR of 31.3% from 2016 to 2021. The connected enterprise market vendors are increasingly introducing impressive offerings, leading to better technical competence.
There are several established players in this market such as Rockwell Automation, Inc. (Wisconsin, U.S.), Cisco Systems, Inc. (California, U.S.), PTC, Inc. (Massachusetts, U.S.), Microsoft Corporation (Washington, U.S.), IBM Corporation (California, U.S.), Robert Bosch GmbH (Stuttgart, Germany), Honeywell International, Inc. (New Jersey, U.S.), General Electric (New York, U.S.), Accelerite (California, U.S.), and Verizon Communications, Inc. (New Jersey, U.S.). These leading players have adopted various strategies such as partnerships, collaborations, agreements, mergers & acquisitions, and new product developments to achieve growth in the global connected enterprise market.
Rockwell Automation, Inc. is one of the leading players in the connected enterprise market. The company adopted both organic as well as inorganic strategies to enhance its presence in this market. In December, Rockwell introduced a new product with predictive and prescriptive maintenance capabilities. In October 2016, it acquired Maveric Technologies, an industrial automation, integration, and consulting services provider, to strengthen offerings in the connected enterprise domain. In September 2016, the company partnered with Endress+Hauser, an instrumentation and process automation company, to ensure standard technology at every level of production with best in class instrumentation and software and control systems. In April 2016, it collaborated with Symantec Corp., a technology giant, which helped Rockwell secure its connected industrial systems from malicious attacks.
Cisco Systems, Inc. is another major vendor of connected enterprise platform. The company has strong geographic presence worldwide, including North America, Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), and Latin America. The company focuses more on inorganic growth strategies to tap into the connected enterprise market; for instance, in April 2016, Cisco partnered with Deutsche Telekom AG, a telecommunications giant, to offer IoT solutions and services bundle to enterprises enabling Cisco to offer IoT-based sensors.
Connected Enterprise Market by Platform (Device, Connectivity Management & Application Enablement), Solution, Service (Professional and Managed Services), Vertical, and Region - Global Forecast to 2021
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