“They’re too one-dimensional.” That’s most likely the one widespread critique I hear from clients relating to most market share reviews. They usually cowl one product, not options. Ideally, clients want to see a wider lens view that measures vendor market share of extra full options.
That’s one of many causes I discover the brand new Omdia report so compelling. It measures distributors’ market share inclusive of the whole industrial edge – switching, routing and wi-fi – creating a singular and complete evaluation of the IIoT panorama.
For reference, Omdia was fashioned in 2020 following the merger of IHS Markit, Tractica, Ovum and Heavy Studying. Omdia reaches over 4 million expertise choice makers, influencers and practitioners and has specialist analysis practices specializing in Enterprise IT, AI, Web of Issues, Communications Service Suppliers, Cybersecurity, Elements & Gadgets, Media & Leisure and Authorities & Manufacturing.
Omdia’s newest report, “Industrial Edge Networking Elements – 2024 Evaluation” gives an in depth evaluation of this $4.3B market, protecting over 25 international locations and 19 industries. Listed here are a couple of of the highlights.
Digitalization, automation and sustainability are key themes
Not surprisingly, the report highlights digital transformation as a core driver of the market. In line with Omdia, “over 70% of corporations have deployed digital initiatives, with the rest in proof-of-concept phases. The necessity to enhance productiveness and enhance vitality administration and prices are prime targets.”
International labor shortages proceed to plague the market, and clients proceed to spend money on extra automation. The report states “The push for extra automation, in addition to extra monitoring—for purposes akin to predictive upkeep, distant monitoring, and restore—all drive a rise in industrial networks.” This was in keeping with Cisco’s current 2024 State of Industrial Networking Report that cited scarcity of expert employees because the primary exterior impediment to development.
The report additionally cited sustainability as a secondary profit to digitalization and mentions the rising quantity of presidency funding on this necessary space.
Cybersecurity has grow to be a serious concern
OT cybersecurity continues to be a serious concern globally, as a excessive development in related legacy gadgets and lack of complete cyber safety has created important new assault vulnerabilities. This has not gone unnoticed by hackers, with the amount and worth of ransomware assaults hovering lately. In line with Omdia’s Safety Breaches Tracker 1Q24, breaches elevated by over 30% from 2022 to 2023. Cybersecurity dangers have been the highest buyer concern and the highest barrier to development within the 2024 State of Industrial Networking Report.
The report additionally factors to the expansion in managed switches being pushed by the necessity to enhance community safety. It said particularly that cybersecurity rules “could lead to shorter lifespans for some gear as gadgets could not be capable to sustain with the extent of change extra widespread in IT and shopper merchandise.” Many operational networks are making certain full understanding and visibility of what’s related as a primary step to discovering vulnerabilities and enhancing cyber safety.
Lately, the analyst agency Forrester launched a report on OT safety, titled “The Forrester Wave: Operational Know-how Safety Options, Q2 2024.” The report delves deep into OT safety calls for and consists of vendor rankings
Cisco leads the market – by a large margin
Cisco’s 2023 market share within the Industrial Edge surged 7% from 2022 to 26%. 10% greater than the subsequent closest competitor. (See Determine 1) Shameless, I do know, however it’s Omdia’s findings. What I’d say, and what we hear an increasing number of from clients, is that together with nice core switching, routing and wi-fi merchandise, there are further vital necessities that Cisco delivers in its options method. Specifically embedded cyber safety safety, superior distant entry capabilities with instruments to speed up IT/OT convergence, and an AI-ready basis.
As well as, most corporations extremely worth our Cisco Validated Designs. This library of over 80 totally different technical blueprints and architectures are examined and confirmed throughout quite a few industries, together with a variety of ecosystem companions. Please go to our CVD library to see what we’ve accomplished to your trade.
Determine 1: 2023 Industrial Edge market share by vendor
Constructing a safe, scalable and AI prepared industrial basis
Organizations globally are rising investments in operational networks to enhance cybersecurity, standardize and simplify operations, and construct a basis for AI. This report gives a singular lens of how corporations are choosing their strategic companions as we speak, throughout routing, switching and wi-fi, and with a thoughts in direction of safety, automation, and AI. Cisco is the market chief in each enterprise and industrial networking, and we sit up for working with you that can assist you navigate as we speak’s complicated operational panorama.
A “Thank You” to our clients and companions
At Cisco, we proceed to take a customer-first method to our merchandise, providers, and help. We’re humbled and energized by this recognition and admire the belief our clients and companions place in us. For extra details about our services or products, or to schedule a name with our buyer group, please contact us.
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