The Latin America, Middle East and Africa Connected Enterprise Market would witness market growth of 32.6% CAGR during the forecast period (2021-2027).
The high demand for system integration in small businesses has created various opportunities that would help the connected enterprise market to grow. Small and medium businesses can track down detailed analyses and consumer connectivity easily.
The growing number of warehouse production automatically force the retail sector to use solution to maintain task performance effectively and efficiently. According to the Bureau of labor statistics, 18,182 numbers of warehouses has been constructed in 2018. Moreover, according to the Zebra Technologies study, 60% of retailers are looking forward to adopting automation by 2021.
More than 51% of Internet of Things users in the middle east, commit to the increase of revenue. IoT also helps to drive profitability and stand out differently from their competitors and enhance consumer experiences by providing new products. Government-funded applications are providing some regions with cutting-edge IoT deployment. The rising demand for IoT in Telecom and IT small and large industries to expand their offerings shows the positive growth of the regional Connected enterprise market.
The Brazil market dominated the LAMEA Connected Enterprise Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $27.8 Billion by 2027. The Argentina market would showcase a CAGR of 33.3% during (2021 - 2027). Additionally, The UAE market is anticipated to grow a CAGR of 32.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Connected Enterprise Market is Predict to reach $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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