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Scenarios for the Industry 4.0 ecosystem development

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  • Harno, Jarmo

Abstract

This paper studies the competitive landscape in the developing Industry 4.0 ecosystem. Technology development and convergence within the ICT field has led to increased significance of technology platforms and ecosystems organizing around them. The question about the lead integrator, who will take the dominant position and capture the main value is of increased importance. The Industry 4.0 concept is extremely complex as combining so many technologies and potential stake holders. Utilizing technology platform analysis and value capture modeling, this paper sheds light on the strategic questions of the stake holders: Which kind of industry players have the biggest potential to capture the dominant platform player role and the biggest value in the forthcoming Industry 4.0 market? Which are the different opportunities and paths to be pursued by the industry players and service providers.

Suggested Citation

  • Harno, Jarmo, 2022. "Scenarios for the Industry 4.0 ecosystem development," 31st European Regional ITS Conference, Gothenburg 2022: Reining in Digital Platforms? Challenging monopolies, promoting competition and developing regulatory regimes 265634, International Telecommunications Society (ITS).
    • Handle: RePEc:zbw:itse22:265634
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    References listed on IDEAS

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    3. Mark Armstrong, 2006. "Competition in two‐sided markets," RAND Journal of Economics, RAND Corporation, vol. 37(3), pages 668-691, September.
    4. Marc Rysman, 2009. "The Economics of Two-Sided Markets," Journal of Economic Perspectives, American Economic Association, vol. 23(3), pages 125-143, Summer.
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    More about this item

    Keywords

    5G; Industry 4.0; Industrial IoT; Industry ecosystems; Strategic analysis; Value Capture Model; VCM;
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