Dublin, June 05, 2023 (GLOBE NEWSWIRE) -- The "Global Smart Connected Assets & Operation Market Size, Trends & Growth Opportunity, by Module, by Industry, by Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Connected Assets & Operation Market is expected to grow from US$ 200 Billion in 2021 to US$ 312.4 Billion by 2027; it is estimated to grow at a CAGR of 7.72% from 2022 to 2027.
Companies Mentioned
- Cisco Systems Inc
- Arm Holdings
- General Electric Company
- Cypress Semiconductor Corporation
- Intel Corporation
- IBM Corporation
- NXP Semiconductors
- Rockwell Automation Inc.
- Well Health
- Network Thermostat
- Texas Instruments
Smart connected assets & operations are devices which are interconnected with one another in an enterprise to enhance the levels of productivity and service offering capabilities. These are accurately able to configure themselves according to the circumstances environment to enable high efficiency and offer customer servicing of utmost quality.
Market Drivers
Enhancement of industrial operations due to benefits associated with interconnected devices is the key driving factor which is expected to boost the global smart connected assets & operation market growth.
Furthermore, reduced volume of energy consumption and enhanced energy efficiency associated with this technology will have the positive impact on market growth. Moreover, high flexibility and operational capabilities due to connectivity of modern systems will propel the market growth.
Market Restraints
However, lack of standardization is the major restraining factor which is expected to hinder the global smart connected assets & operation market growth. Also, complexities involved in connecting traditional equipment will affect the market growth.
Market Segmentation
By Module
- Hardware
- APM Software & Platform
- Services
By Industry
- Energy & Power
- Automotive & Transportation
- Healthcare
- Smart Agriculture
- Factory Automation
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Smart Connected Assets & Operation Market?
- What will be the growth rate from 2022 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
For more information about this report visit https://www.researchandmarkets.com/r/1671i0
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