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CAMBRIDGE, United Kingdom, July 09, 2019 (GLOBE NEWSWIRE) -- Cambashi, a leading global industry analyst and market consulting firm, specializing in the engineering and industrial software space, today announced that the inaugural Cambashi Industrial IoT (‘IIoT’) Observatory has been released. This important global sizing study focuses on the emergence of Connected Applications, relying on critical industry input from leading providers to define the scope and segmentation of the market.
About the Cambashi IIoT Observatory
The Cambashi IIoT Observatory is based on several years of research and industry collaboration through the IIoT Charter Program. The first global market-sizing details nine Connected Application Market Areas across three major regions by provider. For each provider, the Observatory lists the Connected Applications they offer, categorized by Market Area. This first release provides 2017 and 2018 estimates of the global market which already highlights significant changes in the industry. Future versions will provide 3-year growth projections, industry and country segmentation – the precise scope will be validated by Charter members.
An analysis of Use Cases and Case Studies is also included in the Observatory. Use Cases show where providers are developing Connected Applications and in which Market Areas. This is valuable for product planning and sales focus. Case Studies, and interviews with actual users, show the business value, budget process and benefits by analyzing how the money flows in IIoT deals. Use Cases and Case Studies will be available as custom data sets with analytics.
On July 10, Cambashi will present an on-demand webinar that introduces the new Observatory and shows how clients can use the data for strategic planning and competitive analysis. The webinar will include a summary of Cambashi’s World Update from COFES – Cambashi’s Annual market update to the COFES conference. Register here for access to the webinar.
There are more details about the Observatory on Cambashi’s website – see https://cambashi.com/our-services/market-data/industrial-iot-connected-applications/
OT/Industrial vs. IT/Enterprise provider revenue shows the relative growth of global IT/Enterprise software providers’ revenue compared with that of the OT/Industrial providers from 2017 (our base year) to 2018 (the most recent year for which figures are available). This analysis shows that IT/Enterprise is growing faster – by 65% - in Connected Applications than OT/Industrial – 29%. This is partly because OT/Industrial has a higher base value. However, it is still true to say that IT/Enterprise is making great strides. The picture will become more complicated in the future as consolidation and partnerships change the shape of the ecosystem.
The Cambashi IIoT Observatory also includes analysis of published case studies by use case (industry application) for which the initial findings are:
These results will be enhanced, and the scope extended through continuous validation from Cambashi IIoT Charter members' and key providers' input.
The Cambashi IIoT Observatory has been designed to address some of the ‘hard to solve” industry problems that IIoT software vendors are encountering, including:
A more comprehensive selection of the issues that Cambashi has been hearing from the IIoT market are detailed on the website: https://cambashi.com/industrial-iot-market-issues/
In 2016 Cambashi surveyed the IIoT market, concluding that there were no reliable and authoritative sources for segmentation, size or growth estimates. In 2017, Cambashi therefore undertook a self-financed research project, interviewing senior people among the major providers to create a market landscape report; ‘The Industrial Internet of Things and Digital Transformation; Market Landscape and Trends,’ delivered in January 2018. This provided a perspective onto the market from both technical and commercial viewpoints and an understanding of the market, main players and trends. Feedback from the main players suggested that an industry-led program was needed to define the market, segmentation and key issues, and then to measure the market with appropriate granularity.
Cambashi is a market research, industry analysis and consulting firm doing business from its global HQ in Cambridge, UK. Its independent research and analysis delivers compelling insights on the use of IT to address business issues in the manufacturing, process, distribution, energy, utilities and construction industries. The Cambashi Market Observatories provide global companies with the objective information needed to clarify decisions assess trends and develop effective marketing strategies.
Executives rely on Cambashi for:
The Cambashi Market Observatories are a set of consistent and multi-perspective datasets for the industrial and engineering software market. They provide detailed information on software spend by country, industry and product and the size of user communities, for a range of technical software application types.
In addition to delivering global market data and related consulting services, Cambashi offers a unique web-based industry training curriculum.
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