AUTOMATION & ROBOTICS
industries and market areas. IT/Enterprise players also offer solutions for a wide range of use cases and are generally in a better position to take advantage of the move to the cloud. By comparison, the OT/IIoT providers, who are inherently associated with manufacturing/production disciplines, are less able to repurpose their solutions for other sectors. Pure IoT Technology providers are often much smaller than their IT or OT
counterparts but are growing quickly. As their solutions are typically niche – designed around a use case rather than an industry – their exposure to any one industry is reduced, and they were able to recover from the pandemic more quickly than the production-focused OT/MOM providers.
SUMMARY AND CONCLUSIONS Worldwide TAM for MOM Software in 2021 was nearly $7 billion, growing to $8 billion by 2024. The Connected Production part of the IIoT/Connected Applications market was nearly $2 billion in 2021, growing to over $3 billion by 2024. * When projected MOM market revenues are combined with the additional
INDUSTRIAL IoT AND CONNECTED APPLICATIONS The IIoT/Connected Production market can be addressed by either MOM or IIoT providers, and is growing much faster than the MOM market – see below. The IIoT/Connected Applications providers were badly impacted by the
manufacturing slowdown in 2020 (more so than the MOM providers) but we saw dramatic recovery in 2021 as manufacturers realised the importance of boosting the resilience of their manufacturing operations using digital technologies and Connected Applications. As shown in the graph, IT/Enterprise providers held up well in 2020; while they
still experienced a reduction in growth, they were more resistant to the impacts of the pandemic than the OT or pure IIoT players. This resilience stems from their broader range of offerings that span multiple
IIoT/Connected Production market, this predicts an overall market size of over $11 billion by 2024, and the IIoT/Connected Production part is growing much faster than the MOM market. * Many MOM software providers offer some IIoT capability, and this research
shows where there is potential for growth; but there is strong and growing competition from new IIoT providers, and IIoT applications from enterprise IT companies. * Connected Applications are key to digital transformation initiatives and
Connected applications such as Asset, Building, and Worker – peripheral to MOM and not included in the figures above – are additional opportunities that are currently being addressed by entrants new to the MOM and IIoT/Connected Applications areas.
Alan Griffiths, Joe Brooker, Anastasia Prokhorova Cambashi
https://www.cambashi.com
FACTORY&HANDLINGSOLUTIONS | APRIL 2022 43
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