ARC Advisory Group’s new research on Industrial Edge Apps reveals that as automation solutions become more software-based, vendors are developing new ways in which apps are marketed, selected, purchased, and delivered. This trend has given rise to online marketplaces and app stores in which users can search for, purchase, and download industrial edge apps. These venues are often created by software vendors and maintained on the vendor’s own website. Neutral 3rd party marketplaces are also emerging that may sell apps from software vendors that don’t have their own app store. While industrial software has been available for online purchase for many years, dedicated marketplaces and app stores are still new. Revenue growth in these venues has been modest since the beginning, as most users are still not accustomed to selecting and purchasing software in this way. The importance and relevance of industrial software marketplaces and app stores will grow significantly along with growth in the software content of industrial automation. This is why software vendors are developing and launching these sites now.
"Machine builders and manufacturers are discovering the value of edge apps that can be added to existing equipment without disturbing the running process. Edge apps allow machine builders to create new revenue streams from remote monitoring. By offering remote services, machine builders can capture more surplus through support services, such as spare parts provisioning for prescriptive maintenance. ARC expects the market for edge apps to enjoy robust growth in the coming years as the popularity of edge apps grows, and the number of available edge apps skyrockets," according to Naresh Surepelly, Senior Analyst and key author of ARC's Industrial Edge Apps Market Research.
Industrial Edge Apps Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Ecosystems
- Hardware Price Erosion
- New App-Enabled Business Models – OEMs, EPCs
- Monetizing Apps – End Users, EPCs, OEMs
- Edge Orchestration
- Coming and Going of App Providers
- Growth Will Make Market More Attractive to Third Party App Providers
- Low Code/No Code Tools Shorten App Development
- Hyperconverged Infrastructure
- Deployment and Updates of Apps
Leading Suppliers to the Industrial Edge Apps Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Emerson, IBM, Microsoft, Phoenix Contact, Rockwell Automation, Schneider Electric, Siemens, Yokogawa.
About the Industrial Edge Apps Research
The Industrial Edge Apps research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts. The research segmentation includes Industry, Customer Type, World Region, Sales Channel, Revenue Category, Overall Scope, Edge Apps by Device, Applications by Type.
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