Gartner Magic Quadrant For Industrial Iot Platforms Pdf
The Industrial Internet of Things (IoT) is transforming manufacturing, energy, transportation, and other industries. Industrial IoT platforms enable companies to connect machines, devices, and sensors, collect and analyze data, and improve operational efficiency, productivity, and safety. Gartner, a leading research and advisory firm, evaluates and compares industrial IoT platforms in its Magic Quadrant report. This article provides a comprehensive overview of the Gartner Magic Quadrant for Industrial IoT Platforms PDF, including its purpose, methodology, key findings, and recommendations.
What is Gartner Magic Quadrant for Industrial IoT Platforms PDF?
The Gartner Magic Quadrant is a research methodology and visual representation that provides a snapshot of a market's direction, maturity, and participants. The Quadrant divides the market into four categories: Leaders, Challengers, Visionaries, and Niche Players, based on their ability to execute and completeness of vision.
The Gartner Magic Quadrant for Industrial IoT Platforms PDF focuses specifically on the industrial IoT market, which includes platforms that support connected assets, operations, and analytics in manufacturing, energy, transportation, and other sectors. The report evaluates the vendors based on their platforms' capabilities, market presence, customer feedback, and vision for industrial IoT.
The Gartner Magic Quadrant for Industrial IoT Platforms PDF is a valuable resource for organizations that are planning to invest in an industrial IoT platform or looking to upgrade their existing platform. The report helps them understand the market trends, strengths, weaknesses, and competitive landscape of the vendors.
How Does Gartner Evaluate Industrial IoT Platforms?
Gartner evaluates industrial IoT platforms based on two main criteria:
Ability to Execute: This criterion measures the vendors' capability to deliver their platforms, services, and support to customers effectively, efficiently, and sustainably. The factors that Gartner considers in this criterion include product or service, overall viability, sales execution and pricing, customer experience, and operations.
Completeness of Vision: This criterion measures the vendors' ability to understand and anticipate the market trends, customer needs, and technological advancements, and to innovate and differentiate their platforms accordingly. The factors that Gartner considers in this criterion include market understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation, and geographic strategy.
Gartner uses a rigorous and transparent process to evaluate industrial IoT platforms. The process includes several steps:
Vendor Survey: Gartner sends a survey to the vendors to collect information about their platforms, customers, and strategies. The vendors fill out the survey and submit it to Gartner.
Customer Reference: Gartner contacts the vendors' customers to collect feedback about their experiences with the platforms, including strengths, weaknesses, and ROI. The customers provide their feedback to Gartner.
Product Demonstration: Gartner schedules a product demonstration with the vendors to see their platforms' capabilities and functionalities firsthand. The vendors showcase their platforms to Gartner.
Market Analysis: Gartner conducts a market analysis to identify the trends, challenges, opportunities, and competitors in the industrial IoT market. The analysts use their expertise, data, and insights to analyze the market.
Magic Quadrant Report: Gartner publishes the Magic Quadrant report based on the data collected from the vendors, customers, and market analysis. The report includes the Quadrant graphic, vendor profiles, strengths and cautions, market overview, and recommendations.
Who Are the Leaders in Gartner Magic Quadrant for Industrial IoT Platforms PDF?
Gartner evaluates 16 vendors in the 2021 Magic Quadrant for Industrial IoT Platforms PDF, and categorizes them as follows:
Leaders: The Leaders have a strong vision for the industrial IoT market, a proven track record of delivering their platforms, and a broad and deep set of capabilities that address the customers' needs. The Leaders in the 2021 report are:
Challengers: The Challengers have the ability to execute their platforms, but their vision and innovation are not as strong as the Leaders. The Challengers in the 2021 report are:
Visionaries: The Visionaries have a strong and innovative vision for the industrial IoT market, but their ability to execute their platforms is still developing. The Visionaries in the 2021 report are:
Niche Players: The Niche Players have a limited scope, vision, and execution of their platforms compared to the Leaders, Challengers, and Visionaries. The Niche Players in the 2021 report are:
What Are the Key Findings of Gartner Magic Quadrant for Industrial IoT Platforms PDF?
The 2021 Magic Quadrant for Industrial IoT Platforms PDF includes several key findings:
Consolidation of the Market: The industrial IoT market is consolidating as larger vendors acquire smaller ones and integrate their platforms. This consolidation benefits customers by providing them with more comprehensive and integrated solutions.
Focus on Edge Computing: The vendors are increasingly focusing on edge computing, which involves processing data at the edge of the network, closer to the devices and sensors, rather than sending it to the cloud. Edge computing reduces latency, bandwidth, and security risks, and enables real-time analytics and decision-making.
Vertical-Specific Solutions: The vendors are developing vertical-specific solutions that cater to the unique needs and challenges of different industries, such as manufacturing, energy, and healthcare. These solutions provide customers with more tailored and relevant capabilities and use cases.
AI and ML Integration: The vendors are integrating artificial intelligence (AI) and machine learning (ML) capabilities into their platforms to enable predictive analytics, anomaly detection, and automated decision-making. This integration enhances the platforms' value and differentiation.
What Are the Recommendations of Gartner Magic Quadrant for Industrial IoT Platforms PDF?
The 2021 Magic Quadrant for Industrial IoT Platforms PDF provides several recommendations for organizations that are planning to invest in an industrial IoT platform:
Define Your Needs: Before selecting a platform, define your business objectives, use cases, data sources, and integration requirements. This will help you choose the platform that best fits your needs.
Evaluate the Leaders: The Leaders in the Magic Quadrant have a strong track record, comprehensive capabilities, and broad customer base. Evaluate their platforms and compare them to your needs and preferences.
Consider Challengers and Visionaries: The Challengers and Visionaries may offer more innovation and differentiation than the Leaders, but they may have a narrower customer base or fewer capabilities. Consider them if they align with your needs and preferences.
Assess the Niche Players: The Niche Players may have a specific focus, strength, or niche that matches your needs and preferences, but they may lack the scale, vision, or execution of the Leaders, Challengers, and Visionaries. Assess them carefully and compare them to your needs and preferences.
Focus on Integration: Choose a platform that can integrate with your existing systems, data sources, and applications, and that provides APIs, SDKs, and connectors. Integration enables interoperability, scalability, and flexibility.
Plan for the Future: Choose a platform that can adapt to the changing needs and trends of the industrial IoT market, and that provides a roadmap for innovation and development. Plan for the future by considering emerging technologies, such as 5G, blockchain, and quantum computing.
Conclusion
The Gartner Magic Quadrant for Industrial IoT Platforms PDF is a valuable resource for organizations that are looking to invest in an industrial IoT platform or upgrade their existing one. The report provides a comprehensive evaluation of the vendors based on their ability to execute and completeness of vision, and categorizes them as Leaders, Challengers, Visionaries, and Niche Players. The report also includes key findings and recommendations that help organizations make informed decisions about their platform selection. By following the recommendations and planning for the future, organizations can leverage the power of industrial IoT platforms to transform their operations, enhance their productivity, and improve their competitiveness.