“They’re too one-dimensional.” That’s in all probability the one frequent critique I hear from clients relating to most market share studies. They usually cowl one product, not options. Ideally, clients wish 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 novel 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 know-how 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” supplies an in depth evaluation of this $4.3B market, protecting over 25 nations and 19 industries. Listed below 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 keeping 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 power administration and prices are high goals.”
International labor shortages proceed to plague the market, and clients proceed to put money into extra automation. The report states “The push for extra automation, in addition to extra monitoring—for purposes corresponding to predictive upkeep, distant monitoring, and restore—all drive a rise in industrial networks.” This was according to Cisco’s current 2024 State of Industrial Networking Report that cited scarcity of expert staff because the primary exterior impediment to progress.
The report additionally cited sustainability as a secondary profit to digitalization and mentions the rising quantity of presidency funding on this vital space.
Cybersecurity has change into a significant concern
OT cybersecurity continues to be a significant concern globally, as a excessive progress 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 keeping 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 progress 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 acknowledged particularly that cybersecurity laws “might end in shorter lifespans for some tools as gadgets might not be capable of sustain with the extent of change extra frequent in IT and client merchandise.” Many operational networks are guaranteeing 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 Expertise Safety Options, Q2 2024.” The report delves deep into OT safety calls for and contains 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 following closest competitor. (See Determine 1) Shameless, I do know, however it’s Omdia’s findings. What I might say, and what we hear increasingly more 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 strategy. Particularly embedded cyber safety safety, superior distant entry capabilities with instruments to speed up IT/OT convergence, and an AI-ready basis.
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Determine 1: 2023 Industrial Edge market share by vendor
Constructing a safe, scalable and AI prepared industrial basis
Organizations globally are growing investments in operational networks to enhance cybersecurity, standardize and simplify operations, and construct a basis for AI. This report supplies a novel lens of how corporations are deciding on their strategic companions right this moment, 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 stay up for working with you that will help you navigate right this moment’s advanced operational panorama.
A “Thank You” to our clients and companions
At Cisco, we proceed to take a customer-first strategy to our merchandise, companies, and assist. 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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