“They’re too one-dimensional.” That’s in all probability the one frequent critique I hear from clients relating to most market share reviews. They sometimes 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 your entire 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, Elements & Units, 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, overlaying over 25 nations 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. Based on Omdia, “over 70% of firms have deployed digital initiatives, with the rest in proof-of-concept phases. The necessity to improve productiveness and enhance power administration and prices are high targets.”
World 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 functions resembling predictive upkeep, distant monitoring, and restore—all drive a rise in industrial networks.” This was in step with Cisco’s current 2024 State of Industrial Networking Report that cited scarcity of expert staff 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 essential space.
Cybersecurity has develop into a significant concern
OT cybersecurity continues to be a significant concern globally, as a excessive development in linked legacy units and lack of complete cyber safety has created vital new assault vulnerabilities. This has not gone unnoticed by hackers, with the quantity and worth of ransomware assaults hovering lately. Based on 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 acknowledged particularly that cybersecurity rules “could lead to shorter lifespans for some tools as units could not be capable to sustain with the extent of change extra frequent in IT and shopper merchandise.” 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.
Not too long ago, 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, but it surely’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 essential 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.
As well as, most firms extremely worth our Cisco Validated Designs. This library of over 80 totally different technical blueprints and architectures are examined and confirmed throughout numerous industries, together with a variety of ecosystem companions. Please go to our CVD library to see what we’ve carried out to your business.
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 firms are deciding on their strategic companions at the 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 look ahead to working with you that will help you navigate at the moment’s complicated operational panorama.
A “Thank You” to our clients 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 respect 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 workforce, please contact us.
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