Industrial cloud: Key market research findings
- Increased adoption of cloud-based industrial analytics
- Emergence of cloud platform for M2M and IoT
Technavio has released a new market research report on the global industrial cloud market, which is expected to grow at a CAGR of 23% between 2016 and 2020. Industrial cloud solutions are designed and developed to aid the manufacturing process in the shop floor. Industrial cloud systems provide an integrated platform that helps to implement numerous industrial applications designed to enhance operational visibility and industrial automation. The Americas lead the industrial cloud market, accounting for 62% of the total market share. Much of this region’s growth comes from the high adoption of advanced IT solutions by the industrial manufacturing sector.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Industrial organizations are using cloud analytical tools in key decision-making processes by drawing conclusions from historical data. Cloud-based industrial analytics in industrial automation is growing at a higher rate as organizations are implementing cloud-based predictive analytical solutions to manage data generated from information systems, such as SCADA. This information is analyzed and interpreted with analytical tools to obtain performance insights into industrial operations,” says Amit Sharma, Lead Analyst, ICT, Technavio Research
“Of late, the cloud platforms are being designed to support machine-to-machine (M2M) and the Internet of Things (IoT), and are expanding significantly. Cloud-based platforms are used to connect devices and applications in industries. These platforms help to manage and develop M2M and IoT applications on an integrated platform that simplifies data management and analytics systems in enterprises. Manufacturers are implementing cloud platforms to improve connectivity among multiple devices. Moreover, the vendors are offering cloud platform solutions for M2M and IoT in the form of PaaS deployment models for their clients.
The leading vendors in the global industrial cloud market are AWS, GE, Google, IBM, Infor, Microsoft and Siemens. The vendors are facing competition on numerous factors, from industrial cloud pricing to service quality. They are consistently investing to develop innovative cloud-based solutions for industrial use. Intense competition prevails in the market among small and global vendors. The market has huge growth opportunities and is expected to witness the entry of new players during the forecast period.
A more detailed analysis is available in the Technavio report, Global Industrial Cloud Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Cloud Analytics Market 2016-2020
- Global Cloud Infrastructure Testing Market 2016-2020
- Global Stand Alone Cloud Storage Market – Industry Analysis 2015-2019
- Global SME Cloud Market 2015-2019
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