This IDC study presents IDC's analysis of key drivers relating to the convergence and integration of information technology (IT) with operational technology (OT) and how these drivers are likely to shape the development of IT/OT convergence strategies and initiatives in the planning horizon of 2021-2025."For industrial enterprises of all sizes, the pandemic has been a moment of reckoning when it comes to digital maturity and transformation. Leaders have seized the opportunity to leverage new market share, and laggards have fast-tracked investments in technologies that support remote and resilient operations, or they have failed," says Jonathan Lang, research manager, Worldwide IT/OT Convergence Strategies research program at IDC. "The systemic shortcomings of cultural change resistance, of pilot purgatory, and of the digital skills gap in operations have been laid bare by COVID-19. 2021 and beyond is the time for industrial enterprises to get back to the basics and establish the digital foundation necessary to build back better."
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The global smart space market size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. The increasing green building initiatives and environmental concerns to drive market growth. • By component, the service segment to register the highest...
The global smart robots market is expected to grow from USD 6.1 billion in 2020 to USD 23.0 billion by 2025; it is expected to grow at a CAGR of 30.5% during the forecast period. Rising integration of IoT in robots for cost-efficient predictive maintenance.Predictive maintenance is forecasting potential issues before they happen. An...
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The global data historian market size is expected to grow from USD 1.1 billion in 2020 to USD 1.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. A data historian solution, also referred to as process historian or operational historian, is a software program that deals with time-series data. A time-series...
This study analyzes and forecasts the Japan IoT security product market from 2020 to 2024 after taking into consideration the impact and outlook of the new coronavirus (COVID-19) pandemic as of the end of August 2020. Numerous incidents, such as damage caused by ransomware in IT systems, leakage of personal information, and service interruptions...
This study analyzes and provides forecast for the Japan IoT security product market from 2020 to 2024, taking into account the impact and outlook of the novel corona virus (COVID-19) pandemic as of the end of March 2020. As many incidents, such as damage due to ransomware in IT systems, leakage of personal information, and disruption of services...
The top robotics market is expected to grow from USD 76.6 billion in 2020 and is projected to reach USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period. Manufacturing industries are expected to face a workforce shortage within the next few years. Due to the anticipated shortage of skilled labor in...
The global cloud billing market size would grow from USD 3.0 billion in 2020 to USD 6.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period. The growth of the cloud billing market can be attributed to the increasing adoption of IoT, cloud computing, analytics, Artificial Intelligence (AI), Machine Learning...
538 pages •
By Mind Commerce Publishing
• Dec 2020
Overview: The convergence of 5G, wireless technologies beyond 5G, cloud robotics, and teleoperation solutions are poised to transform industrial automation for everything from traditional manufacturing environments to commercial agriculture, connected healthcare, and many other industry verticals. Mind Commerce sees the...
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