About Industrial Cloud Platform
The industrial cloud platform refers to a customized cloud system for a specific industry to accommodate the operatory, business, regulatory, security and other aspects of the industry. Industrial cloud platform market has high growth prospects owing to increasing automation in the manufacturing and industrial sector. Further, increasing focus of market players on technological developments in the cloud computing technology and increasing demand from the emerging economies owing to growing industrialization expected to drive the demand for industrial cloud platform over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 30.18% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Industrial Cloud Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), General Electric Company (United States), Schneider Electric SE (France), IBM (United States), Amazon Web Services (United States), Honeywell International Inc. (United States), Rockwell Automation, Inc. (United States), Telit (United Kingdom), Microsoft (United States) and PTC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hitachi Data Systems Corporation (Japan) and Advantech Co., Ltd. (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Cloud Platform market by and Region.
On the basis of geography, the market of Industrial Cloud Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Professional Service, the sub-segment i.e. Consulting and Planning will boost the Industrial Cloud Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User Industry , the sub-segment i.e. Oil and Gas will boost the Industrial Cloud Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Asset Management will boost the Industrial Cloud Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Supervisory Control and Data Acquisition (SCADA) will boost the Industrial Cloud Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing on Technological Developments in the Cloud Computing Technology
Market Growth Drivers:
Growing Automation in the Manufacturing Industry and Increasing Adoption of Cloud Platform across Industrial Sector
Challenges:
Data Security Concerns Associated with Industrial Cloud Platform
Restraints:
Lack of Skilled Technicians to Adopt New Technology
Opportunities:
Emergence of Industry 4.0 and Growing Industrialization in the Emerging Economies
Market Leaders and their expansionary development strategies
In April 2019, Volkswagen to cooperate with Siemens for Industrial Cloud to develop new functions and services for the industrial cloud together with machinery and equipment suppliers.
In April 2019, Microsoft Corp and BMW Group launched an industrial cloud technology partnership with the initiative to create an open manufacturing platform to transform digital production efficiency across the industry and accelerate the development of 'smart' factories.
“The newest addition to the landscape of data privacy laws and regulations in the U.S. is Clarifying Lawful Overseas Use of Data (CLOUD) Act. A provider of electronic communication service or remote computing service shall comply with the obligations of this chapter to preserve, backup, or disclose the contents of a wire or electronic communication and any record or other information pertaining to a customer or subscriber within such provider’s possession, custody, or control, regardless of whether such as communication, record, or other information is located within or outside of the United States.”
Key Target Audience
Original Equipment Manufacturers (OEMs), Automation Software Solution Providers, Data Analytics and Cloud Platform Providers, Service Providers, Associations, Organizations, and Alliances, Application Developers and Aggregators, Machine-To-Machine (M2M), IoT, and Telecommunications Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.