The market leaders for Industrial Internet of Things (IIoT) data platforms are Hitachi, Microsoft, PTC, Siemens, Software AG, ABB, and PTC.

As makers recast their products as data science platforms and highlighted their capacity to improve IIoT processes within a more data-centric framework, Nucleus discovered that the IIoT software environment in 2024 was moving away from standalone IIoT platforms.

Along with machine learning and AI-powered analytics for predictive insights, these data platforms prioritize improved capabilities for acquiring, cleaning, and transforming massive amounts of industrial data in real-time or through batch processing.

Senior Analyst Charles Brennan stated, "Organizations' need to get more value out of their data is what's driving recent changes in the IIoT market. To address these concerns, vendors are expanding their hardware options, improving device connectivity, data flow, and overall usability, ensuring that industrial data can be harnessed more effectively."

Furthermore, an increasing emphasis on decarbonization and sustainability synchronizes IoT solutions with environmental goals, assisting companies in optimizing energy use, cutting emissions, and adhering to regulations. According to Nucleus, these trends will keep providing value by helping businesses to better manage their assets, get more useful insights from their data, and increase overall operational effectiveness, all of which will promote long-term sustainability in a variety of sectors.

In 2024 Technology Value Matrix leaders offer cutting-edge features without compromising scalability or user-friendliness. ABB, Hitachi, Microsoft, PTC, Siemens, and Software AG are a few of these. Organizations that provide deep functionality and industry-specific skills to customers with complicated use cases are recognized as Experts in this year's Value Matrix. These consist of Inductive Automation, Bosch, and AWS.

This year's Value Matrix accelerators provide value by being more user-friendly and quickly implementable. Rockwell Automation, Braincube, Exosite, Flutura, and Litmus are a few of these.

Core Providers offer fundamental functionalities at a lower cost and with a quicker adoption rate. The Value Matrix Core Providers for this year include Samsung, Uptake, AVEVA, Envision Digital, and Eurotech.