Hitachi Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Hitachi Strengths, Domain Expertise, and Key Differentiators

Hitachi Digital has achieved remarkable success in fiscal year 2022, launching a total of 13 new businesses. This impressive feat underscores Hitachi Digital's ability to identify and capitalize on emerging opportunities in the digital landscape, further solidifying its position as a frontrunner in the industry. This approach has enabled Hitachi Digital to rapidly bring new products and services to market, effectively meeting the evolving needs of customers and staying ahead of the competition.

As Hitachi continues to integrate Lumada across its various business units under the banner of One Hitachi, the expansion of the Lumada business is progressing steadily, laying the foundation for future growth and success.

Hitachi boasts extensive domain expertise across various industries, underpinned by its legacy of engineering excellence. Lumada, powered by advanced AI and ML capabilities, offers a diverse portfolio of solutions tailored to address the evolving needs of customers. With over 1,000 successful implementations, Hitachi demonstrates its ability to deliver value through co-creation and rapid deployment of digital solutions.

Hitachi Recent Developments

In October 2023 Hitachi Vantara unveiled Hitachi Virtual Storage Platform One, a unified hybrid cloud data platform. This innovative solution heralds a new era of data management by providing organizations with a single, cohesive platform for managing structured and unstructured data across block, file, and object storage environments, both on-premises and in the public cloud.

Hitachi Virtual Storage Platform One addresses this challenge head-on by consolidating infrastructure, data, and application silos, empowering businesses with a trusted data foundation that facilitates seamless data consumption, regardless of location or format.

Key features and capabilities of Hitachi Virtual Storage Platform One include Cloud Self-Service: Empowering users to rapidly consume advanced data services, such as replication at the cloud scale, without the need for manual intervention. This self-service capability streamlines operations and accelerates time-to-value for cloud-based initiatives; Intelligent Workload Management: Leveraging AI-driven insights to optimize storage pools dynamically, ensuring optimal performance and resource utilization in response to changing conditions; Integrated Copy Data Management: Ensuring global availability and fault tolerance while minimizing performance impact through industry-leading replication and synchronous active storage clusters.

In May 2021, Hitachi unveiled Lumada Inspection Insights, a comprehensive suite of digital solutions designed to revolutionize asset inspection, monitoring, and optimization. Leveraging AI, Lumada Inspection Insights automates asset inspection, supports sustainability goals, and enhances physical security, thereby mitigating risks associated with natural disasters. Hitachi's Lumada business has experienced significant revenue growth, bolstered by its innovative offerings in the IoT and AI domains.

Hitachi Mergers and Acquisitions (M&A) Activities

In July 2023 Hitachi Payment Services (Hitachi Payments), acquired the Cash Management Business of Writer Corporation, a renowned multi-business enterprise. Integrating Writer Corporation's Cash Management Business into Hitachi Payments' existing service offerings marks a pivotal moment for the company.

By leveraging Writer Corporation's expertise and resources in cash management, Hitachi Payments aims to enhance its capabilities and broaden its market reach. This strategic alignment will enable Hitachi Payments to provide end-to-end solutions to its clients, spanning the entire payments ecosystem.

One of the key advantages of this acquisition is the opportunity for Hitachi Payments to offer comprehensive ATM services to financial institutions. With Writer Corporation's Cash Management Business under its umbrella, Hitachi Payments can now provide a holistic suite of ATM management solutions, ranging from cash replenishment and maintenance to network optimization and security services. This move strengthens Hitachi Payments' position as a trusted partner for financial institutions seeking reliable and efficient ATM operations.

In 2020, Hitachi completed the acquisition of ABB's power grids business, solidifying its position in the energy solutions market. This strategic move expanded Hitachi's customer base to over 15,000 across 90 countries, positioning Hitachi ABB Power Grids as a global leader in energy solutions. Hitachi's investment in GlobalLogic further strengthens its digital capabilities, facilitating cross-selling opportunities and accelerating the global rollout of the Lumada business.

Hitachi Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Hitachi applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Hitachi and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Hitachi Lumada customers.

Hitachi Key Enterprise and Cloud Applications

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Hitachi serves a prestigious clientele, including more than 70% of the Fortune 100 and over 80% of the Fortune Global 100. Its customer base spans diverse industries, with a global footprint covering regions such as North America, Europe, Asia-Pacific, and beyond. Reference customer wins underscore Hitachi's commitment to driving innovation and delivering tangible outcomes for its clients.

Hitachi Market Opportunities, M&A and Geo Expansions

In May 2023 Hitachi established its "Generative AI Center," aimed at spearheading the safe and effective utilization of Generative AI technology. This strategic move underscores Hitachi's commitment to innovation and its dedication to empowering organizations with cutting-edge AI solutions.

In April 2023 Equinix is participating in Hitachi's Lumada Alliance Program, marking a significant collaboration aimed at addressing pressing social issues through the creation, distribution, and utilization of digital solutions. This strategic partnership underscores the shared commitment of Equinix and Hitachi to leverage technology for social good while driving sustainable business growth.

As part of the Lumada Alliance Program, Equinix will leverage its global platform, Platform Equinix, to support Hitachi in delivering high-quality, sustainable hybrid cloud solutions to customers worldwide. By combining Hitachi's environmentally friendly storage solutions with Equinix's robust data center services, the partnership aims to offer organizations a seamless path to hybrid cloud adoption while minimizing environmental impact.

The Generative AI Center represents a significant milestone in Hitachi's journey towards harnessing the transformative potential of AI. With a focus on activities such as writing, summarizing, translation, and code generation, the Center aims to leverage the collective expertise and insights of Hitachi's extensive workforce to fuel a value-creation cycle. One of the key objectives of the Generative AI Center is to accumulate know-how and insights from the utilization of Generative AI across the entire Hitachi Group. With over 320,000 employees worldwide, Hitachi is well-positioned to drive innovation at scale and deliver tangible benefits to customers across various industries and domains.

By combining expertise in AI utilization, security, intellectual property, and other critical areas, Hitachi aims to assist customers in harnessing the full potential of Generative AI while effectively managing associated risks.

Hitachi is well-positioned to capitalize on market opportunities across horizontal and vertical segments, fueled by the proliferation of Cloud, IoT, AI, and ML technologies. The integration of GlobalLogic's software expertise and the launch of the Lumada Alliance Program signify Hitachi's commitment to driving digital transformation globally.

Expansion into new regions and verticals further enhances Hitachi's growth prospects, enabling it to address evolving customer demands and emerging market trends.

Hitachi Risks and Challenges

While Hitachi's acquisition and expansion initiatives present significant growth opportunities, they also entail integration challenges and operational complexities. The successful integration of GlobalLogic into the Lumada business requires careful planning and resource allocation. Additionally, market competition and evolving regulatory landscapes pose external risks that Hitachi must navigate to maintain its competitive edge.

Hitachi faces inherent risks stemming from its extensive international operations, particularly in relation to foreign currency exchange rate fluctuations. Fluctuations in exchange rates may lead to lower revenues or higher costs when translated into U.S. dollars.

While Hitachi employs various risk mitigation measures such as forward exchange contracts and currency swap agreements to manage foreign exchange risks, the dynamic nature of currency markets necessitates continual vigilance and adaptation. Ultimately, Hitachi must remain vigilant in monitoring currency market trends and adjusting its risk management strategies accordingly to safeguard its financial performance and maintain its competitive edge in the global marketplace.

Hitachi Ecosystem, Partners, Resellers and SI

In January 2024 Hitachi Vantara announced a significant advancement in its partnership with Cisco, introducing a cutting-edge suite of hybrid cloud services tailored to address the ongoing data management challenges encountered by today's enterprises. The collaborative offering, known as Hitachi EverFlex with Cisco Powered Hybrid Cloud, marks a milestone in cloud innovation by seamlessly integrating automation solutions and predictive analytics to provide organizations with a future-proof solution for advanced infrastructure management, cost efficiency, and operational effectiveness.

Leveraging Hitachi Vantara's deep expertise in storage, infrastructure, managed services, and hybrid cloud management alongside Cisco's renowned proficiency in networking and computing, the comprehensive offering ensures a consistent experience whether deployed on-premises or in the cloud.

Available in various levels of customization and through Hitachi Vantara's extensive partner ecosystem, the solution offers organizations unparalleled flexibility to tailor their cloud strategy to meet specific business requirements. The comprehensive portfolio of services offered under Hitachi EverFlex with Cisco Powered Hybrid Cloud encompasses a wide range of offerings, including Infrastructure as a Service (IaaS), Storage as a Service (STaaS), Containers as a Service (CaaS), data protection, managed operations services, professional services, and learning services, among others. This diverse set of capabilities empowers organizations to address multifaceted IT challenges and drive innovation across various domains, from infrastructure modernization to application development and deployment.

Hitachi's ecosystem encompasses a diverse network of technology integrators, system integrators, and value-added resellers, driving innovation and collaboration in the digital space. Partnerships with industry leaders such as Amazon Web Services, Cisco, Google Cloud, Microsoft, and Salesforce enable Hitachi to deliver cutting-edge solutions that address complex business challenges.

The Lumada Alliance Program fosters synergies among ecosystem partners, facilitating the co-creation of digital solutions that drive economic growth and societal impact.

Hitachi Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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