The Asia Pacific Connected Enterprise Market would witness market growth of 29.8% CAGR during the forecast period (2021-2027).
Connected enterprise helps IT infrastructure to analyze, monitor, and control the main network connectivity. In addition, connectivity management and device management platforms have higher acceptance in the IT industries. It allows proactive monitoring of business tasks and authorizes any task in the enterprise ecosystem. The adoption of the Internet of Things smart manufacturing is the result of digital transformation, through which, connected devices are getting a new path to business visibility and operational processes.
Connected enterprise helps the employee to connect securely and process technologies by plant-level enterprise networks. Along with that, connected enterprise helps businesses by scouting the traditional physical process by cutting IT edge to connect people, processes, tools, and platform infrastructure. Moreover, companies can use data analytic power to improve operations efficiency and cost cut down.
The Australian organization, Westpac, one of the leading financial services providers introduced Paywear a wearable offering that allows consumers to transit contactless tap-and-go payments. Although, technological innovations in the financial sector are gradually evolving the banking sectors. Biometrics and cryptography security features secure banks against frauds. These factors of digitalization and providing solutions according to the demand of consumers boost up the connected enterprise market growth.
The China market dominated the Asia Pacific Connected Enterprise Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $125.4 Billion by 2027. The Japan market is anticipated to grow a CAGR of 29% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 30.6% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on End User, the market is segmented into Manufacturing, BFSI, Healthcare, Retail & eCommerce, IT & Telecom, Energy & Utilities, and Others. Based on Type, the market is segmented into Manufacturing Execution System, Remote Monitoring System, Asset Performance Management, Customer Experience Management, Enterprise Infrastructure Management and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Connected Enterprise Market is Projected to reach USD 1384.5 Billion by 2027, at a CAGR of 27.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Rockwell Automation, Inc., Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Robert Bosch GmbH, Honeywell International, Inc., UiPath, Inc., Verizon Communications, Inc., General Electric (GE) Co., and Wipro Limited.
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