Market Leader - Top 10 Connected/Smart Industries Market
The top 10 connected industries are gaining traction owing to increase in urbanization, increase in smart city initiatives, increasing government regulations and initiatives, and decrease in the costs of sensors and connectivity hardware
MarketsandMarkets forecasts the top 10 connected industries to project a significant growth. The top 10 connected industries vendors are increasingly introducing impressive offerings leading to better technical competence.
There are several established players in this market such as ABB Group (Switzerland), Cisco Systems, Inc. (U.S.), General Electric (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), PTC, Inc. (U.S.), SAP SE (Germany), Schneider Electric SE (France), and Siemens AG (Germany). These leading players have adopted various strategies such as partnerships, collaborations, agreements, and mergers & acquisitions to achieve growth in the top 10 connected industries.
Cisco Systems, Inc. is one of the leading players in the top 10 connected industries. The company adopted both organic as well as inorganic strategies to enhance its presence in this market. It announced new acquisitions and collaborations to expand its product portfolio and business reach. In March 2016, Cisco acquired Jasper, a privately-held industry-leading cloud-based Internet of Things (IoT) service platform provider to enable companies of all sizes to rapidly and cost-effectively launch, manage, and monetize IoT services on a global scale. In February 2016, Cisco and Rockwell Automation developed a unique value proposition for mining customers to help bridge the gap between mining operations and business systems through network and security products, Converged Plantwide Ethernet (CPwE) reference architectures, training courses, services, and solutions.
IBM Corporation is another major provider in the top 10 connected industries. The company has adopted acquisitions and partnerships among its growth strategies to increase its share in the top 10 connected industries. In October 2015, IBM acquired The Weather Company’s B2B, mobile and cloud-based web properties, including WSI, weather.com, Weather Underground, and The Weather Company brand. The combination of technology and expertise from the two companies will serve as the foundation for the new Watson IoT Unit and Watson IoT Cloud platform. Furthermore, in July 2016, it partnered with AT&T to bring enhanced IoT capabilities to developers on IBM cloud enabling them to gain deeper insights from data on connected devices with new open standards based capabilities.
Related Reports:
Top 10 Connected/Smart Industries (IoT in Manufacturing, IoT in Retail, IoT in Utility, Connected Mining, Connected Logistics, Connected Agriculture, Smart Education and Learning, Smart Buildings, Smart Grid Management, and Smart Transportation)
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