The 10 Coolest Industrial IoT Companies: The 2022 Internet Of Things 50
The demand for more ways to connect industrial assets and analyze the newly generated data has led to an ecosystem of vendors that range from PTC and Johnson Controls to Cognite and Seeq. Here are the 10 coolest industrial IoT companies of 2022.
Industrial
The industrial IoT market is expected to surpass over $1 trillion by 2028 as the need for greater efficiency and control in industrial operations, such as production processes and robotics, continues to grow.
By providing industrial companies with a common way to access, manage and visualize IoT data, as well as build and deploy IoT applications, industrial IoT (IIoT) platforms help manufacturing companies achieve their biggest goals.
IIoT consists of connected devices specifically within industrial applications, with a strong focus on machine-to-machine communication, big data and machine learning.
The global market for the Internet of Things was $263 billion in 2021, according to statista.com, with the IIoT market expected to reach $1.1 trillion by 2028.
The market is growing as it combines IT and operational technology (OT) together, with the convergence providing industries with better system integration for automation and optimization, as well as better visibility of the supply chain and logistics.
As part of CRN’s 2022 Internet of Things 50 list, here are 10 hot IIoT companies this year that are driving innovation.
Cognite
John Markus Lervik, CEO
Norway-based Cognite continues to land new partnerships to expand use of its Data Fusion industrial data operations (DataOps) technology. New partnerships include a collaboration with energy company Equinor and engineering firm Arion. The company also secured an investment from energy company Saudi Aramco and released new CDF capabilities around geospatial data, data ingestion and data profiling.
Hitachi Vantara
Gajen Kandiah, CEO
Hitachi Vantara’s Lumada platform is a industrial IoT leader providing manufacturing insights, field service management, asset performance management , enterprise asset management, image-based inspections, industrial data operations, and video insights. Lumada works with Hitachi Vantara’s storage and its Pentaho analytics platform for a more complete solution.
Ivanti
Jeff Abbott, CEO
Ivanti named Jeff Abbott as CEO, a vote of confidence in how he’s helped more than double the company’s revenue to more than $1 billion. Ivanti, known in part for its Neurons automation platform that provides intelligence on IoT endpoints, also recently bought an industrial IoT platform from WIIO Group, a sign of things to come.
Johnson Controls
George Oliver, CEO
Johnson Controls provides fire, security and HVAC automation and control equipment for buildings. Customers use the company’s OpenBlue suite of connected solutions (including remote diagnostics, predictive maintenance and compliance monitoring), enabled by IoT and artificial intelligence technologies, to build and operate smart buildings and leverage building data to discover insights and find efficiencies.
PTC
Jim Heppelmann, CEO
PTC provides digital transformation solutions that “unlock the value” of industrial IoT by connecting machines, people and processes. The Boston-based company’s technology lineup includes ThingWorx, an industrial IoT platform, and Digital Performance Management, a closed-loop, continuous improvement solution that turns IoT data into actionable insights, provides visibility into operation issues, and measures the progress of digital transformation initiatives.
Samsara
Sanjit Biswas, Co-Founder and CEO
Samsara‘s Connected Operations Cloud and related products allow businesses with physical operations, including transportation, manufacturing, construction, and utility companies, to harness IoT data to develop business insights and improve operational performance in such areas as equipment monitoring and maintenance, site visibility, fleet telematics and regulatory compliance. The IoT system performs data ingestion, aggregation, and enrichment operations to power the software’s AI and machine learning, workflow and analytics, and privacy and security capabilities, along with providing alerts and developer APIs.
Schneider Electric
Jean-Pascal Tricoire, CEO
The power management superstar offers EcoStruxure, Schneider Electric’s IoT-enabled, plug-and-play platform for buildings, data centers, homes and industries. The EcoStruxure Platform connects everything from the shop floor to the top floor, collecting critical data from sensors to the cloud, followed by analyzing data to discover meaningful insights.
Seeq
Lisa Graham, CEO
Seattle-based Seeq offers IoT services including new analytics and insights from sensors on wireless networks, software enabling employees to monitor remote operations and assets, predictive analytics with integrated machine learning, vendor-supplied services and analytics on deployed assets and the ability to extend visibility to supply chain and distribution networks.
Siemens
Roland Busch, CEO and President
Siemens’ MindSphere is an industrial IoT-as-a-service offering that connects assets including products, manufacturing sites, systems, and machines to a central location to collect, analyze, visualize, and act on collected data. The software preforms analytics at the edge and in the cloud using near-real-time data.
Software AG
Sanjay Brahmawar, CEO
Software AG’s IoT platform connects a smart devices, manages them from a single self-service IoT console, analyzes their data in real time, integrates core applications to take advantage of that data, and adds other applications to build complete solutions. Its Cumulocity IoT edge platform also provides low-code/no-code edge management.