Defense IT Spending Global Market Report 2023 – By Type (Services, Hardware, Software), By Force (Defense Forces, Civilian Forces), By Application (IT Infrastructure, Cybersecurity, Defense Cloud Computing, Data Analytics, IT Application, Logistics and Assets Management, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Enterprise AI is a subcategory of the business system that utilises cutting-edge AI methods to promote digital transformation. A new technological stack is needed for the large-scale development and deployment of enterprise AI. It is used to automate tasks, improve data-driven decision-making, and produce better insights. The main components of enterprise artificial intelligence are solutions and services. A solution refers to a system that combines people, processes, information, and technology to support a group of business or technical skills that address one or more business challenges. The different technologies include machine learning and deep learning, natural language processing, image processing, and speech recognition that are used in security and risk management, marketing management, customer support and experience, human resource and recruitment management, analytics applications, and process automation. The several end users include retail, healthcare, automotive, banking and financial services, media, and entertainment, among others. The global enterprise artificial intelligence market is segmented - 1) By Component: Solution, Service 2) By Technology: Machine Learning, Natural Language Processing (NLP), Image Processing, Speech Recognition 3) By Deployment Type: Cloud, On-Premise 4) By Application: Security and Risk Management, Marketing Management, Customer Support and Experience, Human Resource and Recruitment Management, Analytics Application, Process Automation 5) By Industry: Retail, Healthcare, Automotive, Banking and Financial Services, Media and Entertainment, Other Industries The global enterprise artificial intelligence market size will grow from $10.44 billion in 2022 to $14.74 billion in 2023, at a compound annual growth rate (CAGR) of 41.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise artificial intelligence is expected to grow to $58.25 billion in 2027 at a CAGR of 41.0%. The increasing adoption of AI is expected to propel the growth of the enterprise artificial intelligence market going forward. Artificial intelligence refers to the simulation of human intelligence processes by machines, especially computer systems for analysing enormous volumes of data. Adopting AI improves the efficiency with which things are done and dramatically improves the decision-making process in enterprises of various sizes. For instance, according to a journal released by Indian Express Limited, an India-based news media publishing company, in 2020, India reported a 45% increase in the usage of AI, the largest among all countries, while the US claimed a 35% increase, the UK 23%, and Japan 28%. Therefore, the increasing adoption of AI is driving the enterprise artificial intelligence market growth. Major players in the enterprise artificial intelligence market are International Business Machines, Wipro Technologies, Amazon Web Services, Intel Corporation, Google LLC, SAP SE, Sentinent Technologies, Oracle Corporation, Hewlett-Packard Enterprise, IPsoft Inc., MicroStrategy Incorporated, NVIDIA Corporation, Verint Systems Inc., and SAS Institute. Technological advancements are a key trend gaining popularity in the enterprise artificial intelligence market. Major companies operating in the enterprise artificial intelligence market are focused on developing new technological solutions to reinforce their position. For instance, in November 2021, Oracle Corporation, a US-based computer technology corporation company, launched Oracle Cloud Infrastructure (OCI) AI services, which use artificial intelligence technology that is enabled in its various services such as OCI Language, OCI Speech, OCI Vision, OCI Anomaly Detection, OCI Forecasting, and OCI Data Labeling. With the new and unique OCI AI services, developers have the option of using pre-trained, out-of-the-box models on business-related data or custom training the services using data specific to their own organization. The six new services assist programmers with numerous challenging tasks, including language, computer vision, and time-series forecasting. The new OCI AI services give developers the option of bridging the gap between the promise of AI and its implementation, which allows them to achieve real-world benefits. In March 2022, Microsoft Corporation, a US-based technology corporation that produces computer software, acquired Nuance Communications for an undisclosed amount. Through this acquisition combination of conversational AI and ambient intelligence and Microsoft's secure and reliable industry cloud offerings, businesses across all sectors would be able to provide more individualised and meaningful customer experiences. Nuance Communications Inc. is a US-based computer software technology corporation and AI software leader, representing decades of accumulated healthcare and enterprise AI experience. North America was the largest region in the enterprise artificial intelligence market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise artificial intelligence market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise artificial intelligence market includes revenues earned by entities by providing business intelligence and customer management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The enterprise artificial intelligence report is one of a series of new reports from The Business Research Company that provides enterprise artificial intelligence statistics, including enterprise artificial intelligence industry global market size, regional shares, competitors with an enterprise artificial intelligence share, detailed enterprise artificial intelligence segments, market trends and opportunities, and any further data you may need to thrive in the enterprise artificial intelligence industry. This enterprise artificial intelligence market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The enterprise file synchronization and sharing (EFSS) are used to improve content management, collaboration, and secure file sharing among employees. Enterprise file sync-and-share is a service that enables users to preserve files in the cloud or on-premises storage and subsequently access them on their desktops and mobile devices. They use file synchronization, or copying, to save files in an authorized data repository, which can subsequently be accessed remotely by employees using EFSS-compatible PCs, tablets, and smartphones. The main components in enterprise file synchronization and sharing are solutions and services. The capability to use the cloud to provide employees with vital files while retaining security controls is known as an enterprise file synchronization and sharing (EFSS) solution. The different deployment modes include on-premises, cloud and are used in enterprise content management systems, enterprise storage, and backup, enterprise document collaboration, enterprise mobility, others. It is implemented in various verticals such as IT and telecom, banking, financial services, and insurance, retail, manufacturing, education, government, and others. The global enterprise file synchronization and sharing efss market is segmented - 1) By Component: Solutions, Services 2) By Deployment Mode: On-Premises, Cloud 3) By Application: Enterprise Content Management Systems, Enterprise Storage And Backup, Enterprise Document Collaboration, Enterprise Mobility, Other Applications 4) By End-User: IT And Telecom, Banking, Financial Services and Insurance, Retail, Manufacturing, Education, Government, Other End Users The global enterprise file synchronization and sharing (EFSS) market size will grow from $7.8 billion in 2022 to $9.86 billion in 2023 at a compound annual growth rate (CAGR) of 26.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise file synchronization and sharing (EFSS) is expected to grow to $25.16 billion in 2027 at a CAGR of 26.4%. The increase in data security concerns are expected to drive the growth of the enterprise file synchronization and sharing market in the coming years. Data security is a crucial aspect of a complete security plan that includes recognizing, evaluating, and mitigating threats connected to sensitive data security. Many businesses are concerned about the security of their digital data. To safeguard the data, enterprise file-synchronization and sharing (EFSS) platforms integrate security features such as authentication, data encryption, containerization, and tracking. According to IBM's 2020 Cost of a Data Breach Report, data breach occurrences cost $8.64 million, the highest in the world, followed by the Middle East at $6.52 million. Furthermore, in 2021, Marriott International reported that hackers gained access to 5.2 million records including personal data of visitors through employee login information at one of their franchise facilities. Major players in the enterprise file synchronization and sharing market are Citrix Systems, Blackberry, Syncplicity by Axway, Egnyte, Nextcloud, OpenText, Box, Microsoft Azure, Dropbox Inc., Accellion, SugarSync, Northbridge Secure Systems, Intralinks, SkySync, IBM, Acronis, CTERA Networks, HighQ, and XMedius Solutions. The introduction of blockchain technology for data security is shaping the enterprise file synchronization and sharing (EFSS) market. Blockchain technology has emerged as a critical tool in the field of data security. Through cryptography, decentralization, and consensus that ensure the safe transaction of data, blockchain proactively stamps out cyber threats and strengthens security infrastructure. Major companies operating in the enterprise file synchronization and sharing (EFSS) sector are focusing on blockchain technology to protect EFSS-stored data from ransomware and breaches. For instance, in August 2021, Acronis International GmbH, a Switzerland-based software company, launched Cyber Protect Cloud for secure file sync and share solutions in an organization. Acronis’s Cyber Protect Cloud uses blockchain-based data notarization and electronic signatures to enhance its workplace collaboration services with data security on a pay-as-you-go basis. In January 2021, Citrix Systems, a US-based software company that provides server, application and desktop virtualization, networking, software as a service, and cloud computing technologies acquired Wrike for $2.25 billion in cash. This acquisition will bring together Citrix’s powerful digital work platform, which securely delivers the resources an employee needs to be productive in one unified experience, and Wrike’s innovative work management solution, which streamlines collaboration and works execution, providing employees with additional tools to work efficiently and securely. Wrike is a US-based company that offers enterprise file synchronization and sharing (EFSS) services. North America was the largest region in the enterprise file synchronization and sharing (EFSS) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise file synchronization and sharing (EFSS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise file synchronization and sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise file synchronization and sharing market includes revenues earned by entities by providing services such as live commenting, document version tracking and workflow process management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise file synchronization and sharing (EFSS) market research report is one of a series of new reports from The Business Research Company that provides enterprise file synchronization and sharing (EFSS) market statistics, including enterprise file synchronization and sharing (EFSS) industry global market size, regional shares, competitors with a enterprise file synchronization and sharing (EFSS) market share, detailed enterprise file synchronization and sharing (EFSS) market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise file synchronization and sharing (EFSS) industry. This enterprise file synchronization and sharing (EFSS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Enterprise collaboration refers to internal and external information system tools that collect, share, and store information between users by using a collaboration stage, communication instruments, the company intranet, file sharing tools, cloud storage, video conferencing, and whiteboards to interact and communicate across and beyond the work environment. The main types of enterprise collaboration include internal and external enterprise collaboration solutions. Internal enterprise collaboration refers to the digital workspace to share knowledge and expertise internally across the organization. They are deployed in small and medium enterprise on-premise or through a cloud platform. Both enterprise collaboration solutions and services are used in information technology (IT) & telecommunication, government, energy & utilities, banking, financial services & insurance (BFSI), manufacturing, retail & consumer goods, healthcare, and travel & hospitality industries. The global enterprise collaboration market is segmented - 1) By Type: Internal, External 2) By Deployment Type: Cloud-Based, On-Premise 3) By Enterprise: Small and Medium Enterprises (SME), Large Enterprisres 4) By Component: Solutions, Services 5) By Industry: Information Technology (IT) and Telecommunication, Government, Energy and Utilities, Banking, Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods, Heathcare, Travel and Hospitality The global enterprise collaboration market size will grow from $47.74 billion in 2022 to $54.88 billion in 2023 at a compound annual growth rate (CAGR) of 15.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise collaboration is expected to grow to $92.41 billion in 2027 at a CAGR of 13.9%. The increased collaboration and communication across multiple geographies is expected to propel enterprise collaboration. Large organizations' success is frequently dependent on their employees' ability to collaborate across time and distance. Greater collaboration boosts productivity, improves innovation, and shortens the cycle time. Numerous IT tools facilitate enterprise collaboration, such as file sharing, instant messaging, cloud storage, whiteboard, and other IT tools. These tools frequently have overlapping functionality and differing standards on a company's IT organization and infrastructure. For instance, during COVID-19, there was an increase in the use of collaborative software as companies adopted the hybrid and work-from-home working styles. According to a survey conducted by Gartner, a US-based Management consulting company revealed that, In August 2021, workers' use of collaboration tools has increased by 44% since 2019. Therefore, the increased collaboration across multiple geographies is expected to boost demand for enterprise collaboration tools during the forecast period. Major players in the enterprise collaboration market are IBM, Google, Cisco Systems, Microsoft, Adobe Inc., Facebook, Salesforce, Vmware, Jive Software, Slack, Mitel, SAP, Zoho, Kaltura, Bynder, GlobalLogic, Whaller, Chanty, Axero, and Jalios. Technological advancement is a key trend gaining popularity in the enterprise collaboration market. The growing demand for AI and the increasing integration of enterprise collaboration solutions with cloud and mobile technologies to streamline business operations is projected to open up possibilities for the enterprise collaboration market to expand. For instance, In May 2020, IBM Technologies, a US-based technology company, introduced IBM Watson AIOps, which uses artificial intelligence to run enterprise applications reliably and streamlines the detection, diagnosis, and response to IT inconsistencies in real-time. The chief information officers (CIOs) can use IBM Watson AIOps to automate various aspects of IT development, infrastructure, and operations. In November 2020, Adobe Inc., a US-based provider of software solutions, acquired Workfront for $1.5 Billion. With this acquisition, Adobe Experience Cloud and Workfront focused on developing tools to improve marketing teams' efficiency, collaboration, and efficiency, which are currently constrained due to decentralized and soiled work management solutions. Workfront is a US-based software company that creates web-based work management and project management software that features enterprise work management, issue tracking, document management, time tracking, and portfolio management. North America was the largest region in the enterprise collaboration market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise collaboration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise collaboration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise collaboration market includes revenues earned by entities that enable interaction and cooperation, allowing remote workers to collaborate on projects even when they are in different locations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise collaboration market research report is one of a series of new reports from The Business Research Company that provides enterprise collaboration market statistics, including enterprise collaboration industry global market size, regional shares, competitors with a enterprise collaboration market share, detailed enterprise collaboration market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise collaboration industry. This enterprise collaboration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Enterprise mobility management (EMM) refers to a combination of technologies, processes, and rules that are used to protect mobile devices used by corporate employees. EMM is evolving to fit an ever-changing collection of device platforms and workplace mobility trends. The enterprise mobility management is used to protect and control the use of corporate and employee-owned mobile devices. The main components of enterprise mobility management are solutions and services. Services are the non-physical, intangible parts of our economy, as opposed to goods, which we can touch or handle. The organization size is large enterprises and small and medium-sized enterprises. The deployment is cloud-based and on-premise. The various verticals involved BFSI, retail and eCommerce, healthcare and life sciences, IT and telecom, manufacturing, government, transportation and logistics, travel and hospitality, and other verticals. The global enterprise mobility management market is segmented - 1) By Component: Solutions, Services 2) By Organization Size: Large Enterprises, Small And Medium Sized Enterprises 3) By Deployment Modes: Cloud, On-Premises 4) By Verticals: Banking, Financial Services And Insurance (BFSI), Retail And eCommerce, Healthcare And Life Sciences, Information Technology (IT) And Telecom, Manufacturing, Government, Transportation And Logistics, Travel And Hospitality, Other Verticals The global enterprise mobility management market size will grow from $15.92 billion in 2022 to $20.17 billion in 2023 at a compound annual growth rate (CAGR) of 26.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise mobility management is expected to grow to $50.14 billion in 2027 at a CAGR of 25.6%. The increasingly mobile workforce and the adoption of BYOD programs within enterprises are expected to propel the growth of the enterprise mobility management market going forward. Bring your own device (BYOD) refers to a set of policies at a firm that allows employees to use their devices to access business apps and data rather than being forced to utilize company-provided devices. The widespread adoption of BYOD programs and mobile workforces to individually utilize their gear and software within the enterprise jeopardizes corporate data confidentiality. For instance, in January 2022, according to Security Boulevard, a US-based media company, enterprise use of BYOD increased significantly, with 59% of firms using BYOD and 69% of IT decision-makers in the United States seeing the benefits of BYOD. Therefore, the increasingly mobile workforce and the adoption of BYOD programs within enterprises are driving the enterprise mobility management market growth. Major players in the enterprise mobility management market are IBM, Microsoft, BlackBerry, Vmware Inc., Cisco Systems Inc., SAP SE, Citrix Systems Inc., Matrix42, MobileIron Inc., Nationsky, Snow Software Inc., Sophos Group plc, SOTI, Codeproof, Netplus Mobility, Hexnode, ManageEngine, Miradore, Quest Software, Ivanti, Scalefusion, 42Gears Mobility Systems, Social Mobile, AppTech Payments Corp, AMTEL INC and Infosys Limited. Product innovation is a key trend gaining popularity in the enterprise mobility management market. Major market players are focusing their efforts on developing unique solutions for data-driven insights to support businesses in making decisions like Watson Works. For instance, in June 2020, IBM introduced Watson Works to address the challenges of returning to work. Watson Works is a set of products that embed Watson artificial intelligence models and applications to help companies navigate many aspects of the return-to-work, such as managing facilities and optimizing space allocation by using real-time data provided by the employer, including wifi, cameras, BlueTooth beacons, and mobile phones, and prioritizing employee health by enabling employees to make evidence-based decisions. In December 2020, Ivanti, a US-based software company, acquired MobileIron Inc., and Pulse Secure LLC for an amount of $872 million. This acquisition enables customers to collaborate and innovate more freely while reducing the risk of data breaches and enhancing employee experiences. MobileIron Inc., is a US-based company operating in enterprise mobility management. North America was the largest region in the enterprise mobility management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise mobility management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise mobility management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise mobility management market consists of revenues earned by entities by providing identity management and mobile hypervisors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise mobility management market research report is one of a series of new reports from The Business Research Company that provides enterprise mobility management market statistics, including enterprise mobility management industry global market size, regional shares, competitors with an enterprise mobility management market share, detailed enterprise mobility management market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise mobility management industry. This enterprise mobility management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Enterprise asset management (EAM) refers to software, systems, and services, which are used to control and maintain the assets and equipment. EAM is a transactional workflow system designed to manage capital asset management by managing asset data and work processes. The main types of enterprise asset management are on-premise and cloud. On-premise software is installed on your company's PCs and servers locally. Enterprise asset management has applications in asset lifecycle management, inventory management, work order management, labor management, other applications that is used in energy and utilities, transportation and logistics, government and public sector, IT and telecommunications, manufacturing, healthcare and life sciences, education, and other verticals. The global enterprise asset management market is segmented - 1) By Development: On-Premise, Cloud 2) By Application: Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Other Applications 3) By Vertical: Energy And Utilities, Transportation And Logistics, Government And Public Sector, IT And Telecommunications, Manufacturing, Healthcare And Life Sciences, Education, Other Verticals The global enterprise asset management market size will grow from $5.75 billion in 2022 to $6.39 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise asset management is expected to grow to $9.68 billion in 2027 at a CAGR of 10.9%. Rising demand for SaaS-based EAM solutions is driving the growth of the market. SaaS-based EAM services are a cloud bases software service that helps vendors provide applications via a subscription-based model. These solutions have become a basic fundamental in the technology world for dashboards, mobile apps, asset tracking, performance management, forecasting, and regulatory compliances. The customers are increasingly investing in SaaS-based solutions over the traditional on-premise solutions, owing to various factors such as reduced time to benefit, lower costs, scalability and integration, and others. For instance, according to the study published on DevSquad in 2022, 73% of businesses are switching all systems to SaaS, and the companies are planning to increase their spending by 44% from the previous year. Major players in the enterprise asset management market are ABB Ltd., CGI Inc., IBM, Infor, Oracle, SAP, Schneider Electric SE, MRI Software LLC, Ramco Systems Limited, Rockwell Automation Inc., Ultimo Software Solutions BV, Upkeep Technologies Inc., Assetworks LLC, Bentley Systems Incorporated, and IFS. Technological advancement are shaping the enterprise asset management market. Major companies in the enterprise asset management market are focusing on expanding their developmental activities in new technologies. For instance, in March 2022, Aptean has launched a cloud-based EAM solutions including a computerized maintenance management system for manufacturing customers. Then new launch will help the customers from small and medium manufacturers to meet their asset management requirements and demands. In November 2021, COSOL Limited an Australia-based IT services provider acquired Clarita Solutions Pty Ltd for AUD 7 million ($5.23 million). The acquisition by COSOL Ltd System is focused on expanding its business units and strengthening its products portfolio, combining the technologies of the two companies and attaining a strategic advantage over the competitors. Clarita Solutions Pty Ltd is an Australia-based provider of enterprise asset management services. North America was the largest region in the enterprise asset management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise asset management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise asset management market includes revenues earned by entities by providing services such as construction industry assets, healthcare industry assets, automotive manufacturing industry assets, hotel industry assets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise asset management market research report is one of a series of new reports from The Business Research Company that provides enterprise asset management market statistics, including enterprise asset management industry global market size, regional shares, competitors with a enterprise asset management market share, detailed enterprise asset management market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise asset management industry. This enterprise asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The enterprise risk management refers to processes that strategically examines risk management from the viewpoint of the entire company or organization. It is a top-down strategy that tries to recognize, evaluate, and get ready for prospective losses, dangers, hazards, and other potential for harm that may obstruct an organization's operations and goals and/or result in losses. The main types of deployment of enterprise risk management are cloud and on-premises. The on-premise enterprise risk management refers to enterprise risk management solutions that are implemented in-house and as part of an organization's IT infrastructure where the solution, as well as any connected procedures, are the responsibility of the enterprise. The main components of enterprise risk management include hardware, software, and services. The end-users of enterprise risk management include BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, and government and defense. The global enterprise risk management market is segmented - 1) By Deployment: Cloud, On-Premises 2) By Component: Hardware, Software, Services 3) By Industry Vertical: BFSI, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing, Government and Defense The global enterprise risk management market size will grow from $4.78 billion in 2022 to $5.1 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise risk management is expected to grow to $6.38 billion in 2027 at a CAGR of 5.8%. The surge in data security breaches in enterprises is driving the enterprise risk management market. A data breach is a situation in which information is taken from a system without the owner's knowledge or consent. Data security breaches are increasing due to weak and stolen credentials, application vulnerabilities, malware, malicious insiders, insider error and others. Enterprise risk management helps to recognize, evaluate, and get ready for prospective losses that may arise due to data security breaches. For instance, in 2021 according to the Identity Theft Resource Center (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, data breaches in 2021 surpassed the total number in 2020 by 17%. Therefore, a rise in data security breaches will propel the enterprise risk management market growth. Major players in the enterprise risk management market are IBM Corporation, Capgemini, Fidelity National Information Services, Inc., Infosys Limited, Oracle Corporation, SAP SE, LogicManager, Inc., MetricStream, Dell Inc., Ideagen PLC., Intelex Technologies, SAI Global Pty Limited, QUALYS, Inc., Alyne GmbH, MEGA International, and NAVEX Global, Inc. The strategic partnership is a key trend gaining popularity in the enterprise risk management market. Companies operating in the enterprise risk management sector are entering into strategic partnerships to leverage each other's resources and expand into new markets. For instance, in August 2021, Galvanize, a US-based software as a service company that builds security, risk management, compliance, and audit software for the governance, risk management, and compliance (GRC) market, partnered with Turnkey. Through this partnership, Turnkey will include Galvanize's HighBond platform in its extensive lineup of tech-enabled solutions for customers. Turnkey is a London-based provider of Integrated Risk Management (IRM), Identity Access Management (IAM) and cyber and application Security. In September 2022, IppoPay Technologies Pvt Ltd., an India-based provider of payment infrastructure, acquired Tutelar Fintech Private Limited for an undisclosed amount. With the acquisition, IppoPay is expected to enter the payments infrastructure market and Tutelar enables IppoPay to fight against frauds in the financial transactions. Tutelar Fintech Private Limited is an India-based risk management company using full-stack AI. North America was the largest region in the enterprise risk management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise risk management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise risk management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The enterprise risk management market consists of revenues earned by entities by providing enterprise risk management components including event modification and objective setting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise risk management market research report is one of a series of new reports from The Business Research Company that provides enterprise risk management market statistics, including enterprise risk management industry global market size, regional shares, competitors with an enterprise risk management market share, detailed enterprise risk management market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise risk management industry. This enterprise risk management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Connected Enterprise refer to an ecosystem in which every business line has been digitalized and connected that are used to gain more insights and improve the productivity of their business by harmonising technological operations and a deeper level of collaboration to enhance productivity and business outcomes. The main types of connected enterprises are manufacturing execution systems, customer experience management, enterprise infrastructure management, asset performance management, remote monitoring systems, and others. The manufacturing execution system connects live production data from various vendors, plants, and sites to interact seamlessly with controllers, equipment, and enterprise business systems. The different connected enterprise offerings include solutions and services. These are used in manufacturing, IT and telecommunication, retail and e-commerce, BFSI, healthcare, energy and utilities, and other end users. The global connected enterprise market is segmented - 1) By Type: Manufacturing Execution System, Customer Experience Management, Enterprise Infrastructure Management, Asset Performance Management, Remote Monitoring System, Other Types 2) By Offering: Solutions, Services 3) By End-User: Manufacturing, IT and Telecommunication, Retail and E-commerce, BFSI, Healthcare, Energy and Utility, Other End-Users The global connected enterprise market size will grow from $326.1 billion in 2022 to $438.54 billion in 2023 at a compound annual growth rate (CAGR) of 34.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the connected enterprise is expected to grow to $1375.31 billion in 2027 at a CAGR of 33.1%. The increasing adoption of 5G networks across the world is expected to propel the growth of the connected enterprise market going forward. 5G is the 5th generation mobile network for the higher speed and responsiveness of wireless networks. With 5G network speed, bandwidth, and lower latency, enterprises can have a better-connected experience and offer customers and associates expanded capabilities and continue to enhance the customer experience. For instance, according to the GSM Association, a UK-based industry organisation that represents the interests of mobile network operators worldwide, in North America, about 13% of connections were 5G in 2021 and will hit 63% by 2025. Therefore, increasing the adoption of 5G networks drives the connected enterprise market growth. Major players in the connected enterprise market are Cisco Systems, PTC Inc., Microsoft Corporation, Robert Bosch GmbH, Honeywell International Inc., General Electric Company, Accelerite, Verizon Communications Inc., MindTree Ltd., UiPath, HARMAN International, Jacobs Engineering Group Inc., Wipro Limited, Telefonaktiebolaget LM Ericsson, Amdocs, and Fujitsu. The development of open communication platforms is a key trend gaining popularity in the connected enterprise market. Major companies in the connected enterprises market are focusing on developing open platforms for better communication channels and the secure exchange of data. For instance, in 2020, 8x8, a US-based company operating in connected enterprises, launched its open communications platform to deliver and scale work-from-anywhere enterprise communications for organisations worldwide. The new communications platform combines voice and contact center solutions that have intelligent communications services like AI-driven expert routing and predictive analytics to enable richer, more reliable communication experiences across all business functions. In February 2020, a US-based industrial automation company Rockwell Automation acquired Kalypso for an undisclosed amount. Through this acquisition, Rockwell Automation aims to broaden its connected enterprise consulting expertise and expand its services to several industries. Kalypso is a software delivery and consulting firm based in the United States that specialises in the digital transformation of industrial companies. North America was the largest region in the connected enterprise market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected enterprise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the connected enterprise market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The connected enterprises market includes revenues earned by entities through the design of a one-team approach that eliminates reliance on any one person or organization and encourages cross-functional cooperation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The connected enterprise market research report is one of a series of new reports from The Business Research Company that provides connected enterprise market statistics, including global market size, regional shares, competitors with a connected enterprise market share, detailed connected enterprise market segments, market trends and opportunities, and any further data you may need to thrive in the connected enterprise industry. This connected enterprise market research report delivers a complete view of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The enterprise governance, risk, and compliance (eGRC) refers to a strategy used by enterprises to manage their governance, corporate compliance and enterprise risk management with applicable regulations while effectively maintaining business objectives. eGRC helps enterprises to achieve anticipated goals through the automation of workflow, while simultaneously ensuring that is adherence to government regulations and internal controls that employees must adhere to company-wide. The main components of enterprise, governance, risk and compliance (eGRC) market are software and services. Software refers to a set of instructions, data, or programs used to operate a computer and execute specific tasks. The organization size is large enterprises and small and medium enterprises. The deployment is cloud-based and on-premise. The various verticals involved BFSI, healthcare, government, energy and utilities, manufacturing, retail and consumer goods, telecom and IT, and other verticals. The global enterprise governance risk and compliance egrc market is segmented - 1) By Component: Software, Services 2) By Organization Size: Large Enterprise, Small And Medium Enterprise 3) By Deployment Model: Cloud-Based, On-Premise 4) By Vertical: Banking, Financial Services And Insurance (BFSI), Healthcare, Government, Energy And Utilities, Manufacturing, Retail And Consumer Goods, Telecom And Information Technology (IT), Other Verticals The global enterprise governance, risk and compliance (egrc) market size will grow from $33.29 billion in 2022 to $38.26 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise governance, risk and compliance (egrc) is expected to grow to $66.87 billion in 2027 at a CAGR of 15.0%. Increasing cyber-attack incidents are expected to propel the growth of the enterprise governance, risk, and compliance (eGRC) market going forward. A cyber-attack refers to any attempt to gain unauthorized access to a computer, computing system, or computer network with the intent to cause damage. Organizations globally are adopting eGRC solutions to leverage numerous features such as risk and compliance management, business resiliency applications, and financial audit management. For instance, according to a report published by SonicWall, a US-based cybersecurity company, there has been a 105% surge in ransomware cyberattacks in 2021. Governments saw an 1885% increase in cyberattacks, while the healthcare industry faced a 755% increase in cyberattacks in 2021. Therefore, the increasing cyber-attack incidents are driving the enterprise governance, risk, and compliance (eGRC) market growth. Major players in the enterprise governance, risk and compliance (eGRC) market are IBM Corporation, LogicManager Inc., MetricStream Inc., Microsoft Corporation, SAP SE, SAS Institute Inc., Oracle Corporation, RSA Security LLC, Thomson Reuters Corporation, Lockpath Inc., Infosys Limited, Convercent, Refinitive, Modulo Security LLC and Mphasis Limited. Technological advancements are a key trend gaining popularity in the enterprise governance, risk, and compliance (eGRC) market. Major companies operating in the enterprise governance, risk, and compliance market are focused on developing new technological solutions to strengthen their position. For instance, in January 2022, MetricStream, a US-based software company operating in the integrated risk management (IRM) and governance, risk, and compliance (GRC), launched an AI (artificial intelligence), deep domain capabilities, and risk quantification capabilities embedded solution, ConnectedGRC for addressing several urgent business challenges related to risk, compliance, audit, cyber risks, and environmental, social, and governance (ESG). With MetricStream's integrated GRC software, professionals can collaborate more effectively, share information, and manage risk quantitatively. ConnectedGRC offers three distinct product lines including BusinessGRC, CyberGRC, and ESGRC. In April 2020, Tricor Group, a Hong Kong-based business expansion specialist company, acquired Axcelasia Inc., for an undisclosed amount. With this acquisition, Tricor aims to provide governance, risk, and compliance (GRC) solutions for end-users to manage their complex compliance and regulatory requirements and responsibilities. Axcelasia is a Malaysia-based company operating in enterprise governance, risk, and compliance. North America was the largest region in the enterprise, governance, risk, and governance (eGRC) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise, governance, risk, and governance (eGRC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise, governance, risk, and governance (eGRC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise governance, risk, and compliance (eGRC) market consist of revenues earned by entities by providing compliance management and audit management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise governance, risk and compliance (eGRC) market research report is one of a series of new reports from The Business Research Company that provides eGRC market statistics, including eGRC industry global market size, regional shares, competitors with a eGRC market share, detailed eGRC market segments, market trends and opportunities, and any further data you may need to thrive in the eGRC industry. This eGRC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.