Industrial Internet of Things (IoT) Edge Software Platforms

The Industrial IoT edge Software Platforms market research report delivers current market analysis plus a five-year market and technology forecast. The report sizes, segments, and forecasts revenues from platforms that perform edge infrastructure functions such as base platform/Edge OS and/or application enablement/development.  The report is available in multiple editions including worldwide, all regions, and most major countries.  

Industrial IoT Edge Software Platforms: Edge Solutions Struggle to Scale While Hyperscalers Loom

Industrial IoT edge software platforms perform infrastructure tasks such as application enablement, execution, and/or virtualization, either together with cloud-based solutions or exclusively on-premise.  Cloud-based solutions need data from connected assets in order to maximize efforts to reduce cost, increase revenue, or achieve product and service innovation.  Issues with latency, security, and distrust of off-premise execution necessitate that much of this activity take place at the edge, but the pace of scaling remains a market challenge.

Industrial IoT Edge Software Platforms Strategic Issues

In addition to providing a five-year market forecast, the Industrial IoT Edge Software Platforms market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Strategic Issue for Buyers:  Industrial IoT Edge Solutions as Critical Enablers of Digital Transformation Strategies

The role of the industrial IoT edge has increased in importance as digital transformation strategies have evolved.  Whether together with cloud-based solutions or executed solely on-prem, edge solutions contribute to efforts to reduce cost, increase revenue, or achieve product and service innovation via connecting operations, products, and/or services.  The numerous and expanding list of edge software solutions and related support ecosystems and industry activities makes the “buy versus make” decision easier for prospective adopters.  

Strategic Issue for Vendors:  Evolving Edge Solutions Include Increasing Hardware Content

Industrial IoT edge solutions are characterized by a broadening range of functionality, ranging from their origins in remote access and monitoring to executing sophisticated AI models.  An increasing number of suppliers are bundling their edge offerings into solution-specific packages composed of hardware, software, and services that are often sold as a subscription service.  This is particularly true in data-intensive AI, ML, and analytics applications, where tight coupling with processors and microcontrollers can accelerate execution speed.  Enterprise cloud providers are likewise pursuing this route as part of their strategies to target the edge for fulfillment of their digital transformation value proposition.

Strategic Issue for Everyone:  Leverage Edge Solutions in Good Times as Well as Bad

IoT customers worldwide are navigating the economic impact of the global COVID-19 pandemic, with some looking to remote monitoring and access solutions to address new personnel distancing mandates as well as remote field service.  It is highly likely that remote work will evolve to become permanent as digital capabilities mature.  Leverage edge solutions to reduce the number of personnel in facilities as well as travel to remote sites.  

Watch on YouTube