Industrial Cloud Platform Market
Global Industrial Cloud Platform Market: Overview
Industrial cloud platform along with IoT functionality provides a modern approach for deploying and developing software applications. This modern approach is replacing the older server model in which large complex applications were created and run. As more companies are adopting the modern platform approach, the pace of the changeover is accelerating. Digital transformation is the smarter way to perform business. The speed, agility, and efficiency drive new and better customers. To maximize the value creation across asset and operations lifecycles, to increase profitability; and to maximize the return on capital, new digital technologies like the industrial cloud platform is introduced. This provides an opportunity for the companies to maintain a competitive edge.
|Historic Years||2018 - 2022|
|Forecast Years||2023 - 2030|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2023 to 2030|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Industrial Cloud Platform Market: Growth Factors
The ability of the cloud computing to automate the manufacturing process in the industry with the help of IoT, big data and analytics have increased the adoption rates of the industrial cloud platform in the industrial sector. A large amount of structured and unstructured data which is generated by the heavy equipment and production machinery is managed with the help of cloud-based industrial software in the industrial cloud platform market. The rate of adoption of the industrial cloud platform across the industrial sector is expected to rise exponentially. The advent of hybrid cloud services and cloud brokerages services are driving the growth of the industrial cloud platform market. The cloud computing and cloud-based services offer great flexibility of application, service customization features, easy scaling of applications and services as and when required which is boosting the growth of the industrial cloud platform market.
Global Industrial Cloud Platform Market: Segmentation
The segmentation of the global industrial cloud platform market can be done on the basis of the solution, by platform and professional services and by end user industry. On the basis of the solution, the global industrial cloud market is further segmented into supervisory control and data acquisition, distributed control system, manufacturing execution system, human-machine interface, product lifecycle management and others like manufacturing operation management and industrial information management. On the basis of platform the industrial cloud platform market is segregated into asset management, remote monitoring, data processing and analytics, application development and management and security management. On the basis of professional services the industrial cloud platform market is divided into consulting and planning, system integration and training, support, and maintenance. Division of the industrial cloud platform market on the basis of the end-user industry is as oil and gas, electric power generation, chemicals, water and waste management, food and beverages, pulp and paper, mining and metal, pharmaceuticals, and others which include cement and glass, and petrochemical and fertilizer.
Global Industrial Cloud Platform Market: Regional Analysis
Analysts have estimated that America has a high adoption rate of advanced IT solutions of the global industrial cloud platform market. The implementation of cloud computing, IoT and big data, and analytics technology in the manufacturing sector has impelled the growth of the industrial cloud platform market in this region. With the rise in the utilization of predictive analytics tools and 3D printing technologies, the industrial cloud platform market has prospects for growth in the Americas. This region has accounted for the largest market share in the global industrial cloud platform market.
Global Industrial Cloud Platform Market: Competitive Players
Some of the major players of the global industrial cloud platform market are Siemens, General Electric, Schneider Electric, Honeywell International, Rockwell Automation, Telit, PTC, Hitachi Data Systems and IBM.
Global Industrial Cloud Platform Market: Regional Segment Analysis
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