PTC, Siemens, Telit, and Hitachi Vantara are leaders in Smart Manufacturing ranking by technology intelligence firm ABI Research.
More than $66 billion will be spent on Smart Manufacturing solutions annually by 2030.
The companies evaluated and ranked are:
Market Leaders: PTC, Siemens, Telit, Hitachi Vantara
Mainstream: ABB, Emerson, Software AG, GE Digital
“Manufacturers rely on Industrial Internet of Things (IIoT) platforms dedicated to smart manufacturing to manage their devices, connectivity, infrastructure, and data. These IIoT platforms help manufacturers deploy applications and derive insights,” Ryan Martin, Research Director, Industrial and Manufacturing at ABI Research, said.
PTC scored first in the overall ranking and was closely followed by Siemens. PTC and Siemens are top innovators and lead the market in terms of platform adoption. All leaders – PTC, Siemens, Telit, and Hitachi Vantara – have notable strengths when it comes to digital twins, low-code app development, and connectivity/protocol adaptability.
Telit excels at protocol translation, supporting more than 320 drivers natively before partnerships. Hitachi Vantara is strong in edge intelligence and enterprise cloud integration with a customer base that puts it in the top three suppliers. ABB, GE, and Emerson have also endured major changes since the last assessment with all three companies relaunching or taking a different market focus than several years ago.