Global Industrial Access Platforms Market: Introduction
Industrial access platforms enable Industrial IoT edge software platforms to perform tasks such as device management, application development, enablement, and execution, hardware/software virtualization, and/or container orchestration. The platform provides integration of machine processes, assets, physical devices, and applications with internet enabled architecture.
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Global Industrial Access Platforms Market – Dynamics
Positive Shift toward Industrial Automation through Industry 4.0 driving Growth of the Industrial Access Platforms Market
The primary focus of Industry 4.0 is availability of all relevant information in real-time by connecting all the components which are involved in the value chain process. This has increased investment across the globe specific to industrial automation, which is driving the demand for industrial access platforms that provide an architecture to monitor, run, and control the value chain components within an organization in real-time.
Lack of Communication Infrastructure Hampering Growth of the Industrial Access Platforms Market
It has been observed that lack of proper communication infrastructure in regions such as Asia Pacific and South America has impacted investment with regards to industry automation and Industry 4.0. The lack of network infrastructure as well as initial high cost of automation within organizations (specifically in production and manufacturing) is impacting the growth of the market.
North America to Dominate the Global Industrial Access Platforms Market
In terms of region, the global industrial access platforms market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the industrial access platforms market during the forecast period due to strong adoption of Industrial Internet of Things (IoT) Edge Software Platforms across different organizations.
COVID-19 Impact on the Global Industrial Access Platforms Market
The COVID-19 pandemic is expected to moderately impact the global industrial access platforms market. Lockdown in various nations and hold on production as well as movement of non-essential goods across the globe has impacted new technology investment and increased the risk of new capital investment. COVID-19 has also made stakeholders within SMEs more skeptical in terms of new major technology improvement enhancement within the manufacturing industry.
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Global Industrial Access Platforms Market – Competition Landscape
- In November 2020, Sequitur Labs, a provider of IoT security solutions and NVIDIA Jetson entered into a partnership. The partnership will provide full support for the NVIDIA Jetson platform and protection of IP at the edge. The NVIDIA Jetson edge AI platform powers a range of industrial IoT applications such as network video recorders, automated optical inspection, and autonomous mobile robots.
Global Industrial Access Platforms Market: Segmentation
The global industrial access platforms market can be segmented based on:
- Enterprise Size
Global Industrial Access Platforms Market, by Enterprise Size
Based on enterprise size, the global industrial access platforms market can be divided into:
- Small & Medium Enterprise
- Large Enterprise
Global Industrial Access Platforms Market, by Industry
In terms of industry, the global industrial access platforms market can be segregated into:
- Banking, Financial Services & Insurance
- Telecom & Information Technology (IT)
- Wholesale Distribution
- Non-profit Organizations
- Food and Beverage
- Others (Hospitality, Government, and Public Sector, etc.)
Regional analysis of the global industrial access platforms market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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- Industry 4.0
- Industrial Automation
- Industrial Internet of things
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.