The North America Connected Enterprise Market would witness market growth of 26.1% CAGR during the forecast period (2021-2027).
Connectivity has become one of the most crucial terms in providing collaboration opportunities in boosting enterprise flexibility. The future value of the organization depends on the value of customized experiences and oriented services, to develop delivery models and operating services. With the adoption of technologies like Augmented reality, Virtual reality, Industrial IoT, Drones, 5G, machine learning, Edge, and Fog Computing, companies can develop the connectivity issues for secured and better-personalized experiences.
It provides demanding opportunities for new functionalities, greater reliabilities, improved capabilities, and product utilization to enlarge the product boundaries. The rapid change in the services and solutions are modifying value chain activities to enable research in development to offer distinguished products. Companies are developing their models to enhance their operational access, smart manufacturing technologies, data exchange as digital solutions are interrupting the Industrial sector.
North America is known as the hub of technological upgradations. In 2019, Schneider Electric introduced a smart factory in the U.S to illustrate how its EcoStruxure architecture and its offering help to expand its operational efficiency and cost reduction for its consumers. The growing initiatives by the government and regulated authorities are encouraging various sectors to adopt the connected environment. In 2020, the US budget plan, Automation declared as a tool for agencies to explore and use to provide better services to the consumers.
The US market dominated the North America Connected Enterprise Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $330.5 billion by 2027. The Canada market is expected to witness a CAGR of 28.9% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 27.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Connected Enterprise Market is Estimated 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.
By Component
By End User
By Type
By Country
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