MIDDLETON, Mass., Sept. 10, 2020 /PRNewswire/ -- Quadrant Knowledge
Solutions announced today that it has named Eurotech, a global
company that integrates hardware, software, services and expertise
to deliver building blocks for full Internet of Things solutions,
as the 2020 technology leader in the SPARK Matrix analysis of the
global Industrial IoT (IIoT) platforms market.
Quadrant Knowledge Solutions SPARK Matrix™: Industrial IoT
(IIoT) Platforms, 2020 report examined Eurotech and sixteen other
vendors by evaluating the company's product portfolios, technology
strategies, market presence, and customer value proposition.
Quadrant Knowledge Solutions' SPARK Matrix provides a snapshot of
key market participants and a visual representation of their
positioning, along with strategic insights on how each vendor
participant ranks related to its competitors along several axis
representing a range of performance parameters coinciding with
technology excellence and customer impact.
Industrial Internet of Things (IIoT) platform includes an
integrated software suite that helps industrial organizations to
monitor, manage, and control the connected devices via applications
built on the platform. IIoT platforms may provide capabilities to
support various industrial use cases, including asset tracking
& monitoring, predictive maintenance, operational visibility
& control, and others to support the complex industrial
requirements of the large asset-intensive organizations. The key
functionalities of an IIoT platform include connectivity,
application enablement & management, device management, data
management & processing, analytics & visualization,
integration, security, and user interface for users as well as
developers.
Driven by the impact of Covid-19, the global economy, along with
industries, is facing significant challenges and negative growth.
While Covid-19 has impacted the market for IIoT platforms, overall
growth outlook looks promising. Despite the economic recession and
negative impact on technology investments, the IIoT platform's
market is expected to continue its growth momentum in 2020, and
during the forecasted years of 2020-2025. However, the forecasted
growth rate for the year 2020 is significantly lower than our last
year forecast for the same year. Quadrant analysts believe that
from the year 2021 onwards, the technology investments will rise
again mainly driven by the pent-up demand and economic recovery for
the key industrial, energy, healthcare and infrastructure
market.
The IIoT platform's research by Quadrant Knowledge Solutions
highlights that a majority of the vendors often provide core
functionalities for device connectivity, management, application
enablement and IoT analytics, however, the breadth and depth of the
capabilities may differ significantly by different vendors
offerings. Users should look for comprehensive IIoT platforms
capabilities to provide modern technology architecture based on
open source and industry standards, comprehensive device
connectivity and support for a wide range of industrial and
communication protocols, edge to cloud integration, ability to
provide low-code or no-code application development, and robust IoT
security framework to improve the overall customer ownership
experience. Users should look for their industry-specific, use-case
specific and organization-specific requirements to shortlist and
evaluate different providers of IIoT platforms and solutions. Users
should also look for IIoT solution with a history of successful
large-scale deployments and carefully analyze the existing case
studies of those deployments. This should form the basis to prepare
best-practice for IIoT platform deployments.
"Eurotech, with its comprehensive OT-centric approach,
edge-to-cloud IoT architecture, and seamless integration with IT
systems, is well-differentiated in a crowded market and is well
suited for complex industrial IoT applications", says
Priyanka Jadhav, Senior Analyst at
Quadrant Knowledge Solutions. "Eurotech's differentiated value
proposition includes deep OT experience and domain knowledge, focus
on OT solution and IT-OT integration, based on open architecture
and no-vendor lock-in, TCO-focused approach, and complete stack of
OT-centric technology for a broad IoT solution portfolio, including
IoT gateways, edge computers, IoT edge middleware, and IoT
integration platform" adds Jadhav.
"We appreciate the excellent positioning we receive for our
IoT offering from analyst companies like Quadrant Knowledge
Solutions" comments Robert
Andres, Chief Strategy Officer of Eurotech. "It is a
great confirmation for a successful strategy that is focusing on
lowering Total Cost of Ownership (TCO) and reducing significantly
time-to-market for our customers and partners, by encapsulating the
complexities of IIoT at the edge. It allows our customers and
partners to effectively and securely integrate operational
technologies assets with existing IT infrastructures, an essential
element of their digital transformation journey."
Additional Resources:
- Quadrant's Knowledge Brief: Eurotech, IIoT Platforms
Market
- More on Everyware IoT
- IIoT Platforms SPARK Matrix
About Eurotech
Eurotech (ETH:IM) is a multinational company that designs,
develops and supplies Edge Computers and Internet of Things (IoT)
solutions – complete with services, software and hardware – to
system integrators and enterprises. By adopting Eurotech solutions,
customers have access to IoT building blocks and software
platforms, to Edge Gateway to enable asset monitoring and to High
Performance Edge Computers (HPEC) conceived also for Artificial
Intelligence (AI) applications. To offer increasingly complete
solutions, Eurotech has activated partnerships with leading
companies in their field of action, thus creating a global
ecosystem that allows it to create "best in class" solutions for
the Industrial Internet of Things. Learn more
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting
firm focused on helping clients in achieving business
transformation goals with Strategic Business and Growth advisory
services. At Quadrant Knowledge Solutions, our vision is to become
an integral part of our client's business as a strategic knowledge
partner. Our research and consulting deliverables are designed to
provide comprehensive information and strategic insights for
helping clients formulate growth strategies to survive and thrive
in ever-changing business environments. For more available
research, please visit
https://quadrant-solutions.com/market-research/
CONTACTS
Eurotech Corporate Communication
Giuliana Vidoni
+39 0433 485 462
giuliana.vidoni@eurotech.com
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SOURCE Quadrant Knowledge Solutions