Global Connected Enterprise Market to Reach $4.1 Trillion by 2030
The global market for Connected Enterprise estimated at US$878.4 Billion in the year 2023, is expected to reach US$4.1 Trillion by 2030, growing at a CAGR of 24.4% over the period 2023-2030. Connected Enterprise Solutions, one of the segments analyzed in the report, is expected to record 21.2% CAGR and reach US$2 Trillion by the end of the analysis period. Growth in the Connected Enterprise Services segment is estimated at 28.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $226.7 Billion, While China is Forecast to Grow at 30.5% CAGR
The Connected Enterprise market in the U.S. is estimated at US$226.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Trillion by the year 2030 trailing a CAGR of 30.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.1% and 21.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 20.2% CAGR.
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