“They’re too one-dimensional.” That’s most likely the one widespread critique I hear from prospects concerning most market share experiences. They sometimes cowl one product, not options. Ideally, prospects 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 all the industrial edge – switching, routing and wi-fi – creating a singular and complete evaluation of the IIoT panorama.
For reference, Omdia was shaped in 2020 following the merger of IHS Markit, Tractica, Ovum and Heavy Studying. Omdia reaches over 4 million know-how resolution makers, influencers and practitioners and has specialist analysis practices specializing in Enterprise IT, AI, Web of Issues, Communications Service Suppliers, Cybersecurity, Parts & Units, Media & Leisure and Authorities & Manufacturing.
Omdia’s newest report, “Industrial Edge Networking Components – 2024 Analysis” supplies 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 response to Omdia, “over 70% of companies have deployed digital projects, with the remainder in proof-of-concept stages. The need to increase productivity and improve energy management and costs are top objectives.”
International labor shortages proceed to plague the market, and prospects proceed to spend money on extra automation. The report states “The push for more automation, as well as more monitoring—for applications such as predictive maintenance, remote monitoring, and repair—all drive an increase in industrial networks.” This was in step with Cisco’s current 2024 State of Industrial Networking Report that cited scarcity of expert employees 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 necessary space.
Cybersecurity has change into a significant concern
OT cybersecurity continues to be a significant concern globally, as a excessive progress in linked 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 in recent times. In response to 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 rules “may result in shorter lifespans for some equipment as devices may not be able to keep up with the level of change more common in IT and consumer products.” Many operational networks are making certain full understanding and visibility of what’s linked as a primary step to discovering vulnerabilities and bettering cyber safety.
Just lately, the analyst agency Forrester launched a report on OT safety, titled “The Forrester Wave: Operational Technology Security Solutions, 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% increased 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 prospects, is that together with nice core switching, routing and wi-fi merchandise, there are further crucial necessities that Cisco delivers in its options strategy. 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 a variety of industries, together with a variety of ecosystem companions. Please go to our CVD library to see what we’ve completed 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 supplies a singular lens of how corporations are choosing 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 sit up for working with you that will help you navigate right this moment’s complicated operational panorama.
A “Thank You” to our prospects and companions
At Cisco, we proceed to take a customer-first strategy to our merchandise, providers, and help. We’re humbled and energized by this recognition and recognize the belief our prospects and companions place in us. For extra details about our services or products, or to schedule a name with our buyer crew, please contact us.
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