Connected Enterprise Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Offering (Solution and Services), By Type (Manufacturing Execution System, Customer Experience Management, Enterprise Infrastructure Management, Asset Performance Management, Remote Monitoring System, and Others), By End User (Manufacturing, IT & Telecommunication, Retail & E-commerce, BFSI, Healthcare, Energy & Utility, and Others), By Region, By Competition Forecast & Opportunities 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 345.14 Billion
CAGR (2026-2031)	26.08%
Fastest Growing Segment	Manufacturing Execution System
Largest Market	North America
Market Size (2031)	USD 1386.35 Billion

Market Overview

The Global Connected Enterprise Market will grow from USD 345.14 Billion in 2025 to USD 1386.35 Billion by 2031 at a 26.08% CAGR. A connected enterprise is defined as an organization that leverages the Internet of Things and cloud computing to integrate information technology with operational systems for unified business processes. The primary drivers supporting market growth include the critical need for operational efficiency and the demand for instant data visibility to optimize performance. These factors encourage industries to automate workflows and enhance resource allocation across their supply chains. According to 5G Americas, in 2024, global IoT subscriptions reached 3.4 billion, which illustrates the massive scale of device adoption fueling this sector.

Nevertheless, the market faces a substantial challenge regarding cybersecurity and data privacy risks. As organizations expand their digital connectivity, the convergence of disparate systems exposes critical infrastructure to complex cyber threats and potential breaches. This security vulnerability requires rigorous protective measures that can strain budgets and delay the implementation of fully connected frameworks, thereby acting as a significant barrier to widespread market expansion.

Key Market Drivers

The Surge in Demand for Artificial Intelligence and Machine Learning is fundamentally reshaping the Global Connected Enterprise Market by enabling autonomous decision-making and predictive capabilities. As organizations accumulate vast amounts of operational data, AI algorithms are essential for extracting actionable insights that drive efficiency and innovation. These technologies allow businesses to move beyond simple monitoring to predictive maintenance and self-optimizing systems, significantly reducing downtime and operational costs. The commitment to this technology is evident in recent industrial trends; according to Honeywell, July 2024, in the 'Industrial AI Insights' global research study, 94% of surveyed executives plan to expand their utilization of artificial intelligence, highlighting the strategic priority placed on these advanced cognitive tools.

Concurrently, the Accelerated Adoption of Industrial Internet of Things (IIoT) is facilitating the seamless integration of physical assets with digital ecosystems. This connectivity allows for real-time visibility across the entire value chain, from the factory floor to the supply chain, ensuring that critical data is instantly available for strategic adjustments. This trend is driving widespread implementation of smart technologies across various sectors. According to Rockwell Automation, April 2024, in the '9th Annual State of Smart Manufacturing Report', 95% of manufacturers are using or evaluating smart manufacturing technology, up significantly from previous years. To support these interconnected frameworks, enterprises are heavily investing in modernizing their underlying infrastructure. According to Cisco, in 2024, 89% of IT professionals are planning to implement AI-ready data centers in the next two years, ensuring the robust processing power required for a fully connected enterprise.

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Key Market Challenges

The substantial challenge of cybersecurity and data privacy risks is effectively hampering the growth of the Global Connected Enterprise Market by creating a climate of caution that delays digital transformation initiatives. As organizations integrate operational technology with information systems, they inadvertently expand their attack surface, making critical infrastructure more susceptible to malicious intrusions. This vulnerability forces companies to divert significant capital and human resources toward defensive protocols rather than innovation or market expansion. Consequently, the fear of financial and reputational damage resulting from potential breaches acts as a deterrent to the full adoption of connected frameworks.

This hesitation is grounded in the escalating frequency of security incidents targeting digital infrastructure. According to ISACA, in 2024, 38 percent of enterprises reported an increase in cyberattacks compared to the previous year. Such statistics highlight the severity of the threat landscape, compelling businesses to subject their modernization plans to rigorous and often time-consuming security audits. This necessary but restrictive focus on risk mitigation strains operational budgets and prolongs deployment timelines, thereby directly impeding the broader momentum of the market.

Key Market Trends

The proliferation of private 5G networks is establishing a new standard for industrial connectivity, addressing the limitations of Wi-Fi in complex operational environments. Unlike public networks, these dedicated cellular infrastructures provide the ultra-low latency and consistent reliability required for mission-critical applications such as autonomous mobile robots and remote equipment control. This shift allows enterprises to maintain continuous operation density without bandwidth degradation, effectively isolating their sensitive data traffic from public congestion to ensure uninterrupted performance. According to the Global mobile Suppliers Association, February 2024, in the 'Private Mobile Networks' report, the number of organizations deploying private mobile networks has reached 1,384 globally, reflecting the rapid transition toward these secure, high-performance communication architectures.

Concurrently, a distinct shift toward hybrid and satellite-enabled connectivity solutions is fundamentally altering data architecture strategies as organizations seek to balance cloud scalability with on-premise control. This trend is characterized by the distribution of workloads across on-premise infrastructure, private clouds, and public platforms to optimize costs and ensure compliance with data sovereignty regulations. By adopting this flexible model, connected enterprises can process latency-sensitive data at the source while leveraging the cloud for heavy computation, creating a more resilient and adaptable operational framework. According to Nutanix, March 2024, in the '6th Annual Enterprise Cloud Index', 90 percent of IT decision-makers now identify the hybrid multicloud as their priority operating model, underscoring the move away from centralized, single-environment dependencies.

Segmental Insights

The Manufacturing Execution System segment represents the fastest-growing category within the Global Connected Enterprise Market due to the increasing demand for real-time visibility across production lines. Manufacturers are prioritizing these solutions to connect factory floor operations with enterprise resource planning tools, thereby eliminating data silos. This rapid adoption is further supported by the need to adhere to strict traceability mandates enforced by institutions like the Food and Drug Administration in regulated industries. Consequently, businesses are leveraging these systems to ensure quality control and maintain continuous compliance while streamlining their manufacturing workflows.

Regional Insights

North America maintains a dominant position in the Global Connected Enterprise Market due to the extensive adoption of Internet of Things and cloud computing solutions across industrial sectors. The region benefits from a dense concentration of key technology providers and significant investment in network infrastructure that supports reliable data exchange. Additionally, adherence to cybersecurity and interoperability frameworks from organizations such as the National Institute of Standards and Technology fosters trust and standardization. This established ecosystem enables businesses to integrate operations effectively, driving the sustained demand for connected enterprise systems.

Recent Developments

• In December 2025, Rockwell Automation announced the release of a new elastic Manufacturing Execution System portfolio, featuring cloud-native and interoperable capabilities. This strategic innovation aimed to unify operational technology and information technology across the manufacturing lifecycle, addressing common integration barriers cited by industry leaders. The modular platform was designed to accelerate time-to-value and allow manufacturers to scale operations flexibly towards autonomous production. By enhancing visibility from raw materials to finished goods, the solution sought to improve resiliency and efficiency for industrial enterprises navigating complex digital transformation journeys.
• In June 2025, Honeywell launched a new artificial intelligence-powered platform named Honeywell Connected Solutions, designed to unify critical building software and technologies into a single interface. Built on the Honeywell Forge framework, this solution enabled building operators to gain real-time visibility into system performance and streamline compliance management. Early adopters, including a major telecommunications company, utilized the platform to enhance operational oversight and troubleshoot challenges efficiently. The release focused on addressing complex landscape trends such as labor shortages and rising downtime costs by linking disparate devices and systems for improved asset management.
• In November 2024, Verizon Business secured a strategic agreement with the United States Department of Agriculture to modernize the agency's connectivity infrastructure. The partnership, valued at over $21 million for the initial year, involved deploying wireless services and potential mobile broadband solutions to support more than 60,000 lines of service. This initiative aimed to enhance operational efficiency and data management across numerous field offices, facilitating precision agriculture and disaster response capabilities. The collaboration underscored the critical role of advanced enterprise connectivity in enabling large-scale organizational digital transformation and supporting mobile workforce requirements.
• In October 2024, Cisco Systems unveiled new artificial intelligence capabilities for its collaboration platform during the WebexOne event. The company introduced the Webex AI Agent, designed to automate customer interactions and resolve inquiries instantaneously using natural language processing. This launch emphasized a full-stack collaboration model, integrating networking, security, and observability to support scalable hybrid work environments. The announcement highlighted the strategic integration of AI to transform enterprise communications, enabling organizations to manage high-volume customer service demands efficiently while maintaining secure and reliable connections across their global operations.

Key Market Players

• Accelerite
• BOSCH GMBH
• Cisco Systems
• GE Digital
• Honeywell International Inc.
• IBM CORPORATION
• MindTree Ltd.
• PTC
• Rockwell Automation, Inc
• UiPath

By Offering	By Type	By End User	By Region
Solution and Services	Manufacturing Execution System Customer Experience Management Enterprise Infrastructure Management Asset Performance Management Remote Monitoring System and Others	Manufacturing IT & Telecommunication Retail & E-commerce BFSI Healthcare Energy & Utility and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Connected Enterprise Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Connected Enterprise Market, By Offering:

• Solution and Services

• Connected Enterprise Market, By Type:

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

• Connected Enterprise Market, By End User:

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

• Connected Enterprise Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE