Global IoT landscape in 2021

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Dublin, September 30, 2021 (GLOBE NEWSWIRE) – The “What Happened to IoT?” report was added to ResearchAndMarkets.com offer.

For more than 30 years, the publisher has analyzed the engineering and manufacturing software market. In 2010, he started to study embedded software, which is fundamental for IoT.

As interest in IoT grew, the authors decided to analyze this market in its entirety and in 2017 undertook a self-funded research project on the landscape of industrial IoT and digital transformation. This involved interviewing key executives in high level strategic and operational roles at major vendors. The resulting report: “The Industrial Internet of Things and the Digital Transformation; Market Landscape and Trends, released in January 2018, provided insight into the market from a technical and business perspective.

The next step was an industry-led charter program to agree on market segmentation and provide the basis for accurately measuring the size and composition of the global market in the space of digital transformation and globalization. ‘Industrial IoT. Further research by analysts resulted in the IIoT Observatory / Connected Applications – a dataset that tracks market size and estimates market growth in three geographic regions: AMER, APAC, and EMEA. This can create confusion among buyers as there are many companies involved and there are applications in many industries. Measuring the market is a challenge but – using quantitative research and a methodology refined by 35 years of analysis of the engineering, industrial and manufacturing markets – the publisher has created this “Observatory” to measure the global industrial IoT / connected applications market and provide forecasts based on econometric data. sources.

What we hear
Two-way briefings with major software vendors and investors gave the author insight into cutting-edge experiences, including the impact of the COVID-19 pandemic (also discussed in Section 4).

Actual comments include:

  • Some far-sighted customers (e.g. semiconductor manufacturers) invest in downturns in order to be ready for the next cycle of growth
  • Customers are doubling their digital investments and we’re taking a more consultative approach to be more flexible
  • Pandemic shortens digitization shift from month to month
  • Process manufacturing, transportation, utilities and CPG are relatively unaffected
  • Sectors such as the automotive industry see this as a “break”; product development and sales will take over when the effects of the pandemic are managed. This is also what happened after the GFC
  • Solution providers are responding to the crisis by moving into needed areas – pharmaceutical, medical device manufacturing (e.g. ventilators)
  • We are witnessing a relocation of manufacturing to North America
  • AEC (Architecture, Engineering, Consulting) holds up in 2020. The new American administration will join the ROW in the revival of infrastructures so that 2021 returns to growth
  • IT companies can easily work remotely – and even be more efficient / effective
  • IoT Application Developers Partner With “OT” Industrial Automation Vendors To Provide Factory / Production Solutions
  • Frontline workers also need digital solutions.

Questions for software vendors and investors

IoT / Connected Apps is difficult to define, track and analyze, so it’s no surprise that there are many unanswered questions from software vendors and strategic investors such as:

Software providers:

  • To plan our sales strategy, we need to know which sectors are expected to experience the strongest growth, by market area and region, and where new demand is likely to emerge?
  • To plan the development of our software products, we need to know which use cases are the most popular, which are the fastest growing, and which new use cases are likely to emerge?
  • For our marketing strategy and communications, we need to know the most powerful suppliers, emerging competitors and potential disruptors in the industries we cover? We also need to understand how customers can get business value from our solutions?
  • To plan our implementation services and partnership strategy, we need to know how the IIoT / connected applications and key technologies will be delivered?

Investors should know:

  • Which companies are strong but underperforming?
  • Where are the disruptors likely to come from?
  • Who are the 5 or 10 best performers in their sector / region?

We hope this report will shed light on many of these open questions.

The objectives of this 2021 report are to:

  • Present a credible overview of the IIOT and its potential evolution.
  • Capture key market trends and drivers.
  • Identify key players and potential disruptors.
  • Describe the effect of the COVID-19 pandemic.
  • Use metrics from IIoT research and connected applications – combined with other econometric sources – to make evidence-based market forecasts.
  • Anticipate possible scenarios for the evolution of the industry.

This will help global software vendors in marketing and sales planning and help investors target investment opportunities.

The industrial IoT market is of great interest to software vendors and investors because it is growing so rapidly in so many different areas. There were plenty of stats at one point showing huge and growing revenues, the number of possible sensors, connections and applications, which the promise bordered on the hype.

This report addresses the question “what happened to industrial IoT?”

The report focuses on Industrial IoT via Connected Application Software Market – where most revenue is generated – by large global ‘enterprise’ software vendors, primarily from an OT or IT background, with a long tail of little actors. Although providers of “pure” IoT technologies are growing rapidly, they are less important.

Connected apps are packaged software solutions that connect IoT-connected devices to other information systems, and typically take advantage of AI (artificial intelligence), ML (machine learning), and analytics capabilities. . They help drive the growing digital transformation market, which almost always requires IoT technology. One sign that the market is maturing is that investing in IoT technologies is rarely self-sustaining. Most industrial automation projects now involve IoT, and connected applications can deliver it as part of a larger solution, often involving business systems like ERP, PLM / CAx, MOM, and BIM.

The market is still very fragmented, with suppliers large and small, from many different backgrounds, some totally focused on connected applications and others with entry-level operations or “testing the water”. By defining nine connected market areas and focusing on the most frequent use cases, we were able to measure the market and use that information to forecast and identify trends with the granularity expected by strategists.

Research indicates that connected applications are becoming ubiquitous and supporting a growing market that vendors must carefully assess.

Companies mentioned

  • Analog devices
  • ABB
  • Accent
  • Amazon AWS
  • ARM
  • AT&T
  • Autodesk
  • Bosch
  • Brompton
  • Capgemini
  • Swiss credit
  • CyberX
  • Dassault Systèmes
  • Enovia
  • Dell EMC
  • Deloitte
  • Deutsche Telekom
  • EE (BT)
  • Emerson
  • EY
  • Digital GE
  • Google
  • GreenQ
  • Hitachi
  • Honeywell
  • HPE
  • IBM
  • IFS
  • KPMG
  • LYFT
  • Microsoft
  • Mitsubishi Electric
  • NTT
  • Nvidia
  • Oracle
  • OSI inc.
  • CTP
  • Rockwell
  • RTI
  • Samsung
  • SAP
  • Schneider Electric
  • Siemens
  • Software AG
  • T-Mobile / Sprint
  • Taos
  • Texas instruments
  • Uber
  • Verizon
  • Vodaphone
  • Wipro

For more information on this report, visit https://www.researchandmarkets.com/r/a5c1pu


        


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