In 2024, Nucleus Research the Industrial Internet of Things (IIoT) software landscape is evolving, with vendors shifting away from standalone IIoT platforms towards data science platforms that enhance IIoT workflows through a data-centric approach. This trend reflects the increasing need for organizations to extract more value from their industrial data by leveraging advanced data processing, machine learning, and AI-powered analytics for predictive insights.
- Shift to Data-Centric IIoT Platforms
- Vendors are repositioning their IIoT solutions as comprehensive data science platforms.
- Focus is on enhanced capabilities for data ingestion, cleaning, and transformation in real-time or batch processing.
- Machine learning and AI-powered analytics are integral for generating predictive insights from industrial data.
- Driving Factors Behind the IIoT Market Evolution
- According to Senior Analyst Charles Brennan, the changes in the IIoT market are driven by the need to derive more value from data.
- Vendors are expanding their hardware options and improving device connectivity, data flow, and usability.
- These improvements ensure that industrial data can be more effectively harnessed for actionable insights.
- Alignment with Sustainability and Decarbonization Goals
- IIoT solutions are increasingly focused on helping businesses align with sustainability and environmental objectives.
- Key benefits include optimized energy use, reduced emissions, and compliance with regulatory standards.
- These trends are expected to drive long-term sustainability and operational efficiency across various industries.
- 2024 IIoT Value Matrix Categories
- Leaders: These vendors offer advanced functionality without sacrificing ease of use at scale. Leaders include ABB, Hitachi, Microsoft, PTC, Siemens, and Software AG.
- Experts: Organizations that deliver deep functionality and industry-specific capabilities to handle complex use cases. Experts include AWS, Bosch, and Inductive Automation.
- Accelerators: These vendors excel in ease of use and quick implementation, providing value through user-friendly solutions. Accelerators include Braincube, Exosite, Flutura, Litmus, and Rockwell Automation.
- Core Providers: Core Providers offer essential capabilities with faster, more affordable adoption. This category includes AVEVA, Envision Digital, Eurotech, Samsung, and Uptake.
The shift in the IIoT software landscape towards data-centric platforms is set to revolutionize how organizations manage industrial data, drive sustainability, and achieve operational efficiency. By embracing advanced data processing and AI technologies, businesses can unlock deeper insights and greater value, positioning themselves for success in a data-driven industrial future
