ARC Advisory Group’s 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. At the same time, neutral third-party marketplaces are emerging that may sell apps from software vendors that do not have their own app store, and also apps from other app providers.
While industrial software has been available for online purchase for many years, the 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. However, as the software content of industrial automation grows, the importance and relevance of marketplaces and app stores will grow significantly. 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 David Humphrey, Research Director and key author of ARC's Industrial Edge Apps Market Research.
Industrial Edge Apps Market Trends
The research addresses key market trends as follows:
- Ecosystems
- Hardware Price Erosion
- New App-Enabled Business Models – OEMs, EPCs
- Monetizing Apps – End Users, EPCs, OEMs
- Growing Awareness of IT Concept of Edge Orchestration
- Growth Will Make Market More Attractive to Third Party App Providers
- Low Code/No Code Tools Shorten App Development
- Shift to Hyperconverged Infrastructure
- Platform Providers Adding Tools for Deploying and Updating 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: ABB, Cisco, Codesys, Phoenix Contact, Rockwell Automation.
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 five-year market forecasts. The research segmentation includes Industry, Customer Type, World Region, Sales Channel, Edge Apps by Device, Applications by Type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. ARC's Market Data Service (MDS) is an annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MDS unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions. Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs. ARC continues to offer our traditional static Market Reports as a PDF.
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