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IDC FutureScape: Worldwide Manufacturing Business Ecosystems 2019 Predictions

IDC FutureScape: Worldwide Manufacturing Business Ecosystems 2019 Predictions

This IDC study provides our top 10 predictions for the worldwide manufacturing ecosystems market for 2019 as well as highlights emerging trends and key drivers. These predictions reflect IDC's vision for the 10 most important trends in this market over the next 60 months as manufacturing ecosystems become more prevalent and mainstream. Ecosystems players should use this IDC FutureScape to make informed purchasing decisions while buying technology for their businesses.According to Neel Mandal, Director, IDC Manufacturing Insights, "The question for most manufacturers adopting ecosystem models is not 'whether' — rather, it's 'when' or even 'how soon.' It's very clear that going solo is yesterday's practice. The age of collaboration — with consumers, vendors, regulators, competition, and the world at large — outside traditional manufacturing industry is tomorrow's reality. Welcome to manufacturers' marketplace."

Please Note: Extended description available upon request.


IDC FutureScape Figure
Executive Summary
IDC Futurescape Predictions
Summary of External Drivers
Predictions: Impact on Technology Buyers
Prediction 1: By 2022, 35% of manufacturing organizations will have created new ecosystems by implementing AI- and blockchain-centric platforms, thus automating 50% of processes
Associated Drivers
IT Impact
Guidance
Prediction 2: By 2023, 20% of discrete manufacturing ecosystem participants will lead and shape those ecosystems through technology innovation and vision, resulting in polarized gains within value chains
Associated Drivers
IT Impact
Guidance
Prediction 3: By 2019, to meet mounting customer expectations for greater value, differentiate their portfolios, and strengthen customer relationships, 30% of G2000 manufacturers will offer products as a service
Associated Drivers
IT Impact
Guidance
Prediction 4: By 2021, 10% of G2000 manufacturers will use blockchain to ensure seamless orchestration across various tiers of the manufacturing value chain, thus decreasing process-validation costs by 50%
Associated Drivers
IT Impact
Guidance
Prediction 5: By 2022, driven by rising customer expectations and competition from the platform economy, 25% of manufacturers will be engaged in cross-industry collaboration, resulting in a 10% revenue increase
Associated Drivers
IT Impact
Guidance
Prediction 6: By 2020, over 25% of manufacturers will utilize edge computing to enable faster decision making across manufacturing business ecosystems
Associated Drivers
IT Impact
Guidance
Prediction 7: By 2021, over 70% of manufacturing organizations worldwide will use IoT data collected from the wider ecosystem to enhance automation and operations and gain competitive advantage
Associated Drivers
IT Impact
Guidance
Prediction 8: By 2024, distributed manufacturing will enable 35% of manufacturers worldwide to leverage partner and supplier networks to access 3D printing, improve customer experience, and optimize logistics cost
Associated Drivers
IT Impact
Guidance
Prediction 9: By 2020, G2000 manufacturers will have created new business models and revenue streams through the use of AI and machine learning, thus generating an additional 15% in value across ecosystem partners
Associated Drivers
IT Impact
Guidance
Prediction 10: Industry clouds will be used by 35% of G2000 manufacturers by 2021, with those led by IT vendors scaling faster than those led by manufacturers, due to their technology ecosystem capabilities
Associated Drivers
IT Impact
Guidance
ADVICE FOR TECHNOLOGY BUYERS
EXTERNAL DRIVERS: DETAIL
Next Chapter of DX — Technology-Driven Transformation Altering Business and Society
The Race to Innovate — Speed of Change, Delivery, and Operations Separates Thrivers and Survivors
Platforms, Platforms, Platforms — Industry Competes for Innovation at Scale
Sense, Compute, Actuate — Turning Data into Value
Emerging Autonomy — Learning to Live With AI
Rising Customer Expectations — More Convenience, Customization, and Control
Reimagining the Material World — Revolutionized Processes Expand Technology Reach
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