IoT Start-up Tracker: Digital Manufacturing
IoT Start-up Tracker: Digital Manufacturing
An Integrated Digital Manufacturing Approach Creates New Growth Opportunities
The manufacturing industry is increasingly focused on improving business process efficiency and quality, in addition to customer experience. Frost & Sullivan's Start-Up Tracker is a resource to help the ecosystem participants identify solution providers with offerings that match industry challenges.
The Start-Up Tracker provides a rich database of start-up and niche players that have the capabilities to transform processes in manufacturing and add value to the end-user. These companies were selected based on the Frost & Sullivan best practices database, in addition to secondary research on manufacturing tech ecosystem mappings and rankings worldwide, such as the Industrial IoT Stack from CB Insights and other regional manufacturing Tech mapping and rankings.
A list of start-ups focused on manufacturing IoT was made by region, including different segments: sensors and monitoring platforms, edge devices and industrial augmented reality (AR)/ virtual reality (VR), platform-as-a-service (PaaS) and edge computing, advanced and predictive analytics.
Frost & Sullivan conducted detailed primary interviews with start-ups that stand out in different regions to generate a competitive profile and understand relevant developments, strategy and value proposition.
Each company short-listed has been screened and analyzed by the analyst, and an overall score was established for each start-up based on the criteria described in this study.
To be considered a part of the IoT, any product, application, or service must be part of a larger solution that comprises these 4 elements:
• Objects that are virtualized and imbued with data measurement capabilities
• The ability to grant identities to physical and virtual objects
• Interconnections between these objects for monitoring and interaction
• The ability to generate real-time insights from data and incorporate them into existing business processes
• The Internet of Things (IoT) space is still in flux. Unlike more mature ICT verticals, the IoT space also has significant overlap with other industries
such as the automotive, energy, and manufacturing industries.
• To accurately observe and measure IoT-related economic activity, Frost & Sullivan uses the definition above to determine if a technology product, application, or service is to be considered part of the IoT.
The key digital agriculture products covered in this study are automation and control systems, wireless connectivity and sensors, and smart retail equipment and machinery. The key segments covered in this study are Edge devices & Industrial AR/VR, PaaS & Edge Computing, Sensors & Monitoring Platforms and Advanced & Predictive Analytics.
Author: Carina Goncalves
Table of Contents
Why Is It Increasingly Difficult To Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on Digital Manufacturing Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Definition of the Internet of Things (IoT)
Scope of the Study
Research Process and Methodology
Research Process and Methodology (continued)
IoT in Manufacturing—Key Topics Covered in This Study
Business Goals in the Manufacturing Market
Building Technology Foundations
State of Digital Transformation
The Industry 4.0 Transition
Key Focus Areas of Digital Manufacturing
Key Trends of Digital Manufacturing
Key post-pandemic Shifts in Global Manufacturing
Manufacturing Evolution From Industry 4.0 to Lights Out
Lights Out Manufacturing
Technologies Foundation for Full Factory Automation
High Potential for Global IoT Adoption
Emerging IoT Business Model—Integrated Data Platforms
The IoT Supplier Ecosystem—A Potential Market Disruptor
The IoT Value Chain—Supplier Mapping
Top 4 Growth Opportunities in Digital Manufacturing Market
Critical Success Factors for Growth
Key Competitors (Start-ups) in the Digital Manufacturing Market
Scoring Methodology for Competitive Profiles
Innovation Target for Competitive Profiles
3d Signals—Company Profile
3d Signals—Analyst Viewpoint
Growth Opportunity 1—Software Integration for Manufacturing Process Orchestration
Growth Opportunity 1—Software Integration for Manufacturing Process Orchestration (continued)
Growth Opportunity 2—Affordable Hardware for Higher ROI and Shorter Payback Period
Growth Opportunity 2—Affordable Hardware for Higher ROI and Shorter Payback Period (continued)
Growth Opportunity 3—Consulting and Support for Improved Outcomes
Growth Opportunity 3—Consulting and Support for Improved Outcomes (continued)
Growth Opportunity 4—Wider Breadth of Connectivity Options for Manufacturing Plants
Growth Opportunity 4—Wider Breadth of Connectivity Options for Manufacturing Plants (continued)
List of Exhibits