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REPORT SCOPE & OVERVIEW

The Smart Enterprise Market size was USD 0.29 billion in 2022 and is expected to Reach USD 0.79 billion by 2030 and grow at a CAGR of  13.4 % over the forecast period of 2023-2030 

A smart enterprise is a business that uses information technology and operational technology to connect and integrate its processes, assets, and people. This connectivity enables the enterprise to collect and analyse data in real-time, which can be used to improve efficiency, reduce costs, and increase productivity. Smart manufacturing uses sensors, actuators, and other technologies to monitor and control production processes. This can help to improve quality, reduce waste, and increase efficiency. The smart enterprise market is dominated by the manufacturing segment, which is expected to account for 35% of the market by 2028. This is due to the increasing adoption of smart manufacturing technologies by manufacturers in order to improve efficiency and productivity.

Smart Enterprise Market Revenue Analysis

MARKET DYNAMICS

KEY DRIVERS

  • The increasing adoption of IoT and other connected technologies

  • The growing demand for real-time data analytics

The IoT is enabling businesses to connect and collect data from a wide range of devices and assets. This data can be used to improve efficiency, reduce costs, and make better decisions.

RESTRAIN

  • High initial investment

  • There are security and privacy concerns associated with the use of smart enterprise technologies. Businesses need to be careful to protect their data and ensure that it is not misused.

The initial investment required to implement smart enterprise technologies can be high. This can be a barrier for some businesses, especially small and medium-sized enterprises (SMEs).

OPPORTUNITY

  • Advancements in technology

  • Increasing demand for smart enterprise solutions

The development of new technologies such as the Internet of Things, artificial intelligence, and machine learning is making it easier to collect, process, and analyse large amounts of data, which is creating the Opportunity for  growth of the smart enterprise market

CHALLENGES

  • Resistance to Change

There is still some resistance to the adoption of smart enterprise technologies. This is due to concerns about the cost, security, and privacy of these technologies. Businesses need to educate their employees and customers about the benefits of smart enterprise technologies in order to gain acceptance.

IMPACT OF RUSSIAN UKRAINE WAR

The Russia-Ukraine war has had a significant impact on the smart enterprise market, with many companies reporting disruptions to their operations and supply chains. The war has raised security concerns for businesses, as they are now more vulnerable to cyberattacks. This has made businesses more cautious about adopting smart enterprise technologies that could expose them to security risks. Businesses are now re-evaluating their priorities in light of the war. Some businesses are delaying or cancelling smart enterprise projects in order to focus on more immediate priorities, such as ensuring the safety of their employees and customers. Siemens, a German industrial conglomerate, has suspended all new business in Russia and Belarus. The company has also said that it will not deliver any new products or services to these countries. ABB, a Swiss multinational conglomerate, has also suspended all new business in Russia and Belarus. The company has said that it will continue to support its existing customers in these countries, but it will not invest in any new projects.

IMPACT OF ONGOING RECESSION

The recession is likely to lead to decreased sales revenue growth in the smart enterprise market. This is because businesses will be more cautious about spending on new technology during a recession. The recession is also likely to lead to increased competition in the smart enterprise market. This is because businesses will be looking for ways to reduce costs, and one way to do this is to switch to cheaper technology solutions. A study by Gartner predicts that the global spending on smart enterprise technologies will grow by 3.3% in 2023, down from 6.2% in 2022. In July 2023, IBM announced that it would be cutting 3,900 jobs, or 2% of its workforce. The company said that the layoffs were necessary to streamline its operations and focus on its core businesses. Businesses are likely to increase their investment in security during a recession. This is because they will be more concerned about protecting their data and systems from cyberattacks.

KEY MARKET SEGMENTS 

By Component

  • Hardware

  • Software

  • Services 

By Type

  • MES

  • PLC

  • ERP

  • SCADA

  • HMI

  • Others

By Organization Size

  • Small and Medium Size Enterprise

  • Large Enterprise

By Application

  • Automotive

  •  Chemicals & Materials

  •  Healthcare

  •  Food & Beverage

  •  Consumer Goods

  •  Aerospace & Defense

  •  Industrial Equipment

Smart Enterprise Market Segmentation Analysis

Region Coverage:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

The North American smart enterprise market is expected to grow at a CAGR of 12.5% from 2023 to 2028. This growth is being driven by the increasing adoption of IoT, and cloud computing, including servers, storage, databases, networking, software, analytics, and intelligence over the Internet. Cloud computing is becoming increasingly popular in businesses, as it offers a more efficient and cost-effective way to manage IT resources. and artificial intelligence in businesses. The United States is the largest market for smart enterprise in North America. This is due to the high adoption of new technologies by businesses in the country. The other major markets in the region are Canada and Mexico.

The Asia Pacific smart enterprise market is expected to grow at a Highest growth rate from 2023 to 2028. This growth is being driven by the rapid industrialization and urbanization in the region. and the increasing adoption of new technologies and the need for increased productivity and efficiency. China is the largest market for smart enterprises in Asia Pacific. This is due to the government's focus on digitization and the growing adoption of new technologies by businesses in the country. The other major markets in the region are India, Japan, and South Korea.

KEY PLAYERS

The major key players in the Smart Enterprise Market are ABB Ltd., Siemens, General Electric, Rockwell Automation Inc., Schneider Electric, Honeywell International Inc., Emerson Electric Co., Fanuc UK Limited, Fujitsu Global, IBM, and other players.

ABB Ltd-Company Financial Analysis

RECENT DEVELOPMENTS

Microsoft:

In June 20, 2023, Microsoft announced that it is acquiring Nuance Communications, a leading provider of artificial intelligence (AI) and speech recognition technology. The acquisition will help Microsoft to accelerate its efforts to build a more intelligent enterprise platform. Nuance's AI technology is used in a variety of industries, including healthcare, financial services, and customer service.

Google Cloud:

In May 19, 2023, Google Cloud announced that it is launching a new AIOps platform called Anthos AI. Anthos AI is designed to help businesses automate and optimize their IT operations using AI. The platform includes a variety of features, such as anomaly detection, root cause analysis, and predictive analytics.

Smart Enterprise Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 0.29 Billion
Market Size by 2030  US$ 0.79 Billion
CAGR   CAGR of 13.4 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Hardware, Software, Services)
• By Type (MES, PLC, ERP, SCADA, HMI, Others)
• By Organization size (Small and medium-sized enterprises, Large enterprises)
• By Application (Automotive, Chemicals & Materials, Healthcare, Food & Beverage, Consumer Goods, Aerospace & Defense, Industrial Equipment)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles ABB Ltd., Siemens, General Electric, Rockwell Automation Inc., Schneider Electric, Honeywell International Inc., Emerson Electric Co., Fanuc UK Limited, Fujitsu Global, IBM
Key Drivers • The increasing adoption of IoT and other connected technologies
• The growing demand for real-time data analytics
Market Opportunity • Advancements in technology
• Increasing demand for smart enterprise solutions

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for Smart Enterprise Market over the forecast period is 13.4 %.

Ans. USD 0.79 Billion is the Company's projected Smart Enterprise Market size by 2030.

Ans. The healthcare industry has been adopting smart enterprise solutions to improve patient care, streamline operations, and reduce costs.  Remote monitoring and automated healthcare systems, Smart hospitals, Electronic health records, Wearable technology.

Ans. The smart enterprise market refers to the use of technology to improve productivity and efficiency in various sectors of the global economy.

Ans. Smart enterprise solutions can help businesses improve their operations, reduce costs, and position themselves as innovative and high-tech brands.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Smart Enterprise Market Segmentation, by Component
8.1 Hardware
8.2 Software
8.3 Services

9. Smart Enterprise Market Segmentation, by Type
9.1 MES
9.2 PLC
9.3 ERP
9.4 SCADA
9.5 HMI
9.6 Others

10. Smart Enterprise Market Segmentation, by Organization Size
10.1 Small and Medium Size Enterprise
10.2 Large Enterprise
 
11. Smart Enterprise Market Segmentation, by Application
11.1 Automotive
11.2 Chemicals & Materials
11.3 Healthcare
11.4 Food & Beverage
11.5 Consumer Goods
11.6 Aerospace & Defense
11.7 Industrial Equipment

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Smart Enterprise Market by Country
12.2.2 North America Smart Enterprise Market by Component
12.2.3 North America Smart Enterprise Market by Type
12.2.4 North America Smart Enterprise Market by Organization Size
12.2.5 North America Smart Enterprise Market by Application
12.2.6 USA
12.2.6.1 USA Smart Enterprise Market by Component
12.2.6.2 USA Smart Enterprise Market by Type
12.2.6.3 USA Smart Enterprise Market by Organization Size
12.2.6.4 USA Smart Enterprise Market by Application
12.2.7 Canada
12.2.7.1 Canada Smart Enterprise Market by Component
12.2.7.2 Canada Smart Enterprise Market by Type
12.2.7.3 Canada Smart Enterprise Market by Organization Size
12.2.7.4 Canada Smart Enterprise Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Smart Enterprise Market by Component
12.2.8.2 Mexico Smart Enterprise Market by Type
12.2.8.3 Mexico Smart Enterprise Market by Organization Size
12.2.8.4 Mexico Smart Enterprise Market by Application
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Smart Enterprise Market by Country
12.3.1.2 Eastern Europe Smart Enterprise Market by Component
12.3.1.3 Eastern Europe Smart Enterprise Market by Type
12.3.1.4 Eastern Europe Smart Enterprise Market by Organization Size
12.3.1.5 Eastern Europe Smart Enterprise Market by Application
12.3.1.6 Poland
12.3.1.6.1 Poland Smart Enterprise Market by Component
12.3.1.6.2 Poland Smart Enterprise Market by Type
12.3.1.6.3 Poland Smart Enterprise Market by Organization Size
12.3.1.6.4 Poland Smart Enterprise Market by Application
12.3.1.7 Romania
12.3.1.7.1 Romania Smart Enterprise Market by Component
12.3.1.7.2 Romania Smart Enterprise Market by Type
12.3.1.7.3 Romania Smart Enterprise Market by Organization Size
12.3.1.7.4 Romania Smart Enterprise Market by Application
12.3.1.8 Hungary
12.3.1.8.1 Hungary Smart Enterprise Market by Component
12.3.1.8.2 Hungary Smart Enterprise Market by Type
12.3.1.8.3 Hungary Smart Enterprise Market by Organization Size
12.3.1.8.4 Hungary Smart Enterprise Market by Application
12.3.1.9 Turkey
12.3.1.9.1 Turkey Smart Enterprise Market by Component
12.3.1.9.2 Turkey Smart Enterprise Market by Type
12.3.1.9.3 Turkey Smart Enterprise Market by Organization Size
12.3.1.9.4 Turkey Smart Enterprise Market by Application
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Smart Enterprise Market by Component
12.3.1.10.2 Rest of Eastern Europe Smart Enterprise Market by Type
12.3.1.10.3 Rest of Eastern Europe Smart Enterprise Market by Organization Size
12.3.1.10.4 Rest of Eastern Europe Smart Enterprise Market by Application
12.3.2 Western Europe
12.3.2.1 Western Europe Smart Enterprise Market by Country
12.3.2.2 Western Europe Smart Enterprise Market by Component
12.3.2.3 Western Europe Smart Enterprise Market by Type
12.3.2.4 Western Europe Smart Enterprise Market by Organization Size
12.3.2.5 Western Europe Smart Enterprise Market by Application
12.3.2.6 Germany
12.3.2.6.1 Germany Smart Enterprise Market by Component
12.3.2.6.2 Germany Smart Enterprise Market by Type
12.3.2.6.3 Germany Smart Enterprise Market by Organization Size
12.3.2.6.4 Germany Smart Enterprise Market by Application
12.3.2.7 France
12.3.2.7.1 France Smart Enterprise Market by Component
12.3.2.7.2 France Smart Enterprise Market by Type
12.3.2.7.3 France Smart Enterprise Market by Organization Size
12.3.2.7.4 France Smart Enterprise Market by Application
12.3.2.8 UK
12.3.2.8.1 UK Smart Enterprise Market by Component
12.3.2.8.2 UK Smart Enterprise Market by Type
12.3.2.8.3 UK Smart Enterprise Market by Organization Size
12.3.2.8.4 UK Smart Enterprise Market by Application
12.3.2.9 Italy
12.3.2.9.1 Italy Smart Enterprise Market by Component
12.3.2.9.2 Italy Smart Enterprise Market by Type
12.3.2.9.3 Italy Smart Enterprise Market by Organization Size
12.3.2.9.4 Italy Smart Enterprise Market by Application
12.3.2.10 Spain
12.3.2.10.1 Spain Smart Enterprise Market by Component
12.3.2.10.2 Spain Smart Enterprise Market by Type
12.3.2.10.3 Spain Smart Enterprise Market by Organization Size
12.3.2.10.4 Spain Smart Enterprise Market by Application
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Smart Enterprise Market by Component
12.3.2.11.2 Netherlands Smart Enterprise Market by Type
12.3.2.11.3 Netherlands Smart Enterprise Market by Organization Size
12.3.2.11.4 Netherlands Smart Enterprise Market by Industry Vertical
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Smart Enterprise Market by Component
12.3.2.12.2 Switzerland Smart Enterprise Market by Type
12.3.2.12.3 Switzerland Smart Enterprise Market by Organization Size
12.3.2.12.4 Switzerland Smart Enterprise Market by Application
12.3.2.13 Austria
12.3.2.13.1 Austria Smart Enterprise Market by Component
12.3.2.13.2 Austria Smart Enterprise Market by Type
12.3.2.13.3 Austria Smart Enterprise Market by Organization Size
12.3.2.13.4 Austria Smart Enterprise Market by Application
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Smart Enterprise Market by Component
12.3.2.14.2 Rest of Western Europe Smart Enterprise Market by Type
12.3.2.14.3 Rest of Western Europe Smart Enterprise Market by Organization Size
12.3.2.14.4 Rest of Western Europe Smart Enterprise Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Smart Enterprise Market by Country
12.4.2 Asia Pacific Smart Enterprise Market by Component
12.4.3 Asia Pacific Smart Enterprise Market by Type
12.4.4 Asia Pacific Smart Enterprise Market by Organization Size
12.4.5 Asia Pacific Smart Enterprise Market by Application
12.4.6 China
12.4.6.1 China Smart Enterprise Market by Component
12.4.6.2 China Smart Enterprise Market by Type
12.4.6.3 China Smart Enterprise Market by Organization Size
12.4.6.4 China Smart Enterprise Market by Application
12.4.7 India
12.4.7.1 India Smart Enterprise Market by Component
12.4.7.2 India Smart Enterprise Market by Type
12.4.7.3 India Smart Enterprise Market by Organization Size
12.4.7.4 India Smart Enterprise Market by Application
12.4.8 Japan
12.4.8.1 Japan Smart Enterprise Market by Component
12.4.8.2 Japan Smart Enterprise Market by Type
12.4.8.3 Japan Smart Enterprise Market by Organization Size
12.4.8.4 Japan Smart Enterprise Market by Application
12.4.9 South Korea
12.4.9.1 South Korea Smart Enterprise Market by Component
12.4.9.2 South Korea Smart Enterprise Market by Type
12.4.9.3 South Korea Smart Enterprise Market by Organization Size
12.4.9.4 South Korea Smart Enterprise Market by Application
12.4.10 Vietnam
12.4.10.1 Vietnam Smart Enterprise Market by Component
12.4.10.2 Vietnam Smart Enterprise Market by Type
12.4.10.3 Vietnam Smart Enterprise Market by Organization Size
12.4.10.4 Vietnam Smart Enterprise Market by Application
12.4.11 Singapore
12.4.11.1 Singapore Smart Enterprise Market by Component
12.4.11.2 Singapore Smart Enterprise Market by Type
12.4.11.3 Singapore Smart Enterprise Market by Organization Size
12.4.11.4 Singapore Smart Enterprise Market by Application
12.4.12 Australia
12.4.12.1 Australia Smart Enterprise Market by Component
12.4.12.2 Australia Smart Enterprise Market by Type
12.4.12.3 Australia Smart Enterprise Market by Organization Size
12.4.12.4 Australia Smart Enterprise Market by Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Smart Enterprise Market by Component
12.4.13.2 Rest of Asia-Pacific APAC Smart Enterprise Market by Type
12.4.13.3 Rest of Asia-Pacific Smart Enterprise Market by Organization Size
12.4.13.4 Rest of Asia-Pacific Smart Enterprise Market by Application
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Smart Enterprise Market by Country
12.5.1.2 Middle East Smart Enterprise Market by Component
12.5.1.3 Middle East Smart Enterprise Market by Type
12.5.1.4 Middle East Smart Enterprise Market by Organization Size
12.5.1.5 Middle East Smart Enterprise Market by Application
12.5.1.6 UAE
12.5.1.6.1 UAE Smart Enterprise Market by Component
12.5.1.6.2 UAE Smart Enterprise Market by Type
12.5.1.6.3 UAE Smart Enterprise Market by Organization Size
12.5.1.6.4 UAE Smart Enterprise Market by Application
12.5.1.7 Egypt
12.5.1.7.1 Egypt Smart Enterprise Market by Component
12.5.1.7.2 Egypt Smart Enterprise Market by Type
12.5.1.7.3 Egypt Smart Enterprise Market by Organization Size
12.5.1.7.4 Egypt Smart Enterprise Market by Application
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Smart Enterprise Market by Component
12.5.1.8.2 Saudi Arabia Smart Enterprise Market by Type
12.5.1.8.3 Saudi Arabia Smart Enterprise Market by Organization Size
12.5.1.8.4 Saudi Arabia Smart Enterprise Market by Application
12.5.1.9 Qatar
12.5.1.9.1 Qatar Smart Enterprise Market by Component
12.5.1.9.2 Qatar Smart Enterprise Market by Type
12.5.1.9.3 Qatar Smart Enterprise Market by Organization Size
12.5.1.9.4 Qatar Smart Enterprise Market by Application
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Smart Enterprise Market by Component
12.5.1.10.2 Rest of Middle East Smart Enterprise Market by Type
12.5.1.10.3 Rest of Middle East Smart Enterprise Market by Organization Size
12.5.1.10.4 Rest of Middle East Smart Enterprise Market by Application
12.5.2. Africa
12.5.2.1 Africa Smart Enterprise Market by Country
12.5.2.2 Africa Smart Enterprise Market by Component
12.5.2.3 Africa Smart Enterprise Market by Type
12.5.2.4 Africa Smart Enterprise Market by Organization Size
12.5.2.5 Africa Smart Enterprise Market by Industry Vertical
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Smart Enterprise Market by Component
12.5.2.6.2 Nigeria Smart Enterprise Market by Type
12.5.2.6.3 Nigeria Smart Enterprise Market by Organization Size
12.5.2.6.4 Nigeria Smart Enterprise Market by Application
12.5.2.7 South Africa
12.5.2.7.1 South Africa Smart Enterprise Market by Component
12.5.2.7.2 South Africa Smart Enterprise Market by Type
12.5.2.7.3 South Africa Smart Enterprise Market by Organization Size
12.5.2.7.4 South Africa Smart Enterprise Market by Application
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Smart Enterprise Market by Component
12.5.2.8.2 Rest of Africa Smart Enterprise Market by Type
12.5.2.8.3 Rest of Africa Smart Enterprise Market by Organization Size
12.5.2.8.4 Rest of Africa Smart Enterprise Market by Application
12.6. Latin America
12.6.1 Latin America Smart Enterprise Market by Country
12.6.2 Latin America Smart Enterprise Market by Component
12.6.3 Latin America Smart Enterprise Market by Type
12.6.4 Latin America Smart Enterprise Market by Organization Size
12.6.5 Latin America Smart Enterprise Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Smart Enterprise Market by Component
12.6.6.2 Brazil Smart Enterprise Market by Type
12.6.6.3 Brazil Smart Enterprise Market by Organization Size
12.6.6.4 Brazil Smart Enterprise Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Smart Enterprise Market by Component
12.6.7.2 Argentina Smart Enterprise Market by Type
12.6.7.3 Argentina Smart Enterprise Market by Organization Size
12.6.7.4 Argentina Smart Enterprise Market by Application
12.6.8 Colombia
12.6.8.1 Colombia Smart Enterprise Market by Component
12.6.8.2 Colombia Smart Enterprise Market by Type
12.6.8.3 Colombia Smart Enterprise Market by Organization Size
12.6.8.4 Colombia Smart Enterprise Market by Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Smart Enterprise Market by Component
12.6.9.2 Rest of Latin America Smart Enterprise Market by Type
12.6.9.3 Rest of Latin America Smart Enterprise Market by Organization Size
12.6.9.4 Rest of Latin America Smart Enterprise Market by Application

13 Company profile
13.1 ABB Ltd.
13.1.1 Company Overview
13.1.2 Financials
13.1.3Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Siemens
13.2.1 Company Overview
13.2.2 Financials
13.2.3Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 General Electric
13.3.1 Company Overview
13.3.2 Financials
13.3.3Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Rockwell Automation Inc.
13.4.1 Company Overview
13.4.2 Financials
13.4.3Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Schneider Electric
13.5.1 Company Overview
13.5.2 Financials
13.5.3Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Honeywell International Inc.
13.6.1 Company Overview
13.6.2 Financials
13.6.3Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Emerson Electric Co.
13.7.1 Company Overview
13.7.2 Financials
13.7.3Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Fanuc UK Limited
13.8.1 Company Overview
13.8.2 Financial
13.8.3Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Fujitsu Global
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Service/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 IBM
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Service/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Company Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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