In short Scalability, automation, and serviceability are the top 3 paradigms that are shaping factories of the future. Underpinning these paradigms is software, and it is notable that software-defined manufacturing is increasingly replacing rigid, hardware-centric automation. The IoT Analytics team shares 8 notable developments in software-defined manufacturing based on its research and observations at major industry technology exhibitions. Why it matters For industrial software vendors: As m...| IoT Analytics
In short The global industrial software market reached $146 billion in 2023, according to IoT Analytics’ 132-page Industrial Software Landscape Report 2024–2030, and is forecasted to reach $355 billion by the end of the decade, growing at a CAGR of 13.5%. Cloud infrastructure and services is the fastest-growing overall industrial software category, while EDA is set to be the fastest for the core industrial value chain software category. Microsoft gained the most overall market share since...| IoT Analytics
In short 27 themes comprise IT/OT convergence and making it a reality, according to IoT Analytics’ IT/OT Convergence Insights Report 2024. 12 themes involve IT coming to OT, another 12 involve IT and OT integration, and 3 involve OT hardware becoming IT-like. Why it matters For end manufacturers: Evidence shows that IT/OT convergence is happening. Manufacturers should evaluate each theme and consider which may be worth resource investment. For IT and OT hardware and software vendors: IT/OT ...| IoT Analytics
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