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Big Data Analytics, Cloud Computing, and Sensors 4.0 are the Most Adopted Trends for Start-ups
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The Industrial Internet of Things (IIoT) has created a new wave of transformation for manufacturers over the past decade. IIoT brings together brilliant machines, advanced analytics, and people at work. A growing number of industrial facilities are exploring the power of IIoT to optimize their business performance. In a highly competitive global marketplace, industrial organizations seek “digital intelligence” to manage hundreds of thousands of assets in an enterprise to address the critical demands of manufacturers. Not surprisingly, the IIoT’s potential payoff is enormous.
The global manufacturing start-up ecosystem is witnessing a rapid growth. In today’s world, manufacturing start-ups are driving innovation and widening the boundaries of the industry by opening new paths and opportunities for growth across the globe. Original Equipment Manufacturers (OEMs) are continuously exploring, investing, and acquiring start-ups that will be relevant to their businesses in the long term. A landscape of the start-ups is displayed and broken down into application areas.
Frost & Sullivan segments the start-up ecosystem into Connectivity, Additive Manufacturing, Augmented Reality, Universal Platforms, Industrial Robotics, Edge Computing, Sensors, Advanced Analytics, IIoT Cybersecurity, and Drones.
This research includes an in-depth analysis of the company and its innovations in terms of products and services offered by major participants in the market. A comparative study of various start-ups under each theme is included to help understand the competitive forces. The report focuses on key funding patterns, OEM interests, partnerships, and product capabilities. The study also focuses on business strategy and future investment opportunities. Frost & Sullivan has determined that the future of manufacturing industry and shop floor processes will be an integration of product and services.
The impact of digitization and Information technology on business models in the manufacturing start-up ecosystem makes this research service an interesting read. It offers useful information and strategies for companies that are looking to venture into the IIoT arena. The worldwide IIoT start-up scene provides a great opportunity for OEMs and investors who are looking to implement advanced solutions and hold a stronger position in the Industry 4.0 revolution.
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