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The global industrial cloud market will grow exponentially over the forecast period and is anticipated to post a profound market growth rate of almost 23% by 2020. Factors such as the ability of cloud computing to automate the industrial manufacturing process with the help of IoT, big data, and analytics will lead to its increased adoption in the industrial sector. Since cloud-based industrial software helps to manage large volumes of structured and unstructured data generated by heavy equipment and production machinery, its rate of adoption across the industrial sector will increase exponentially until the end of the forecast period.
Technavio’s market research analyst has estimated factors like the advent of hybrid cloud services and cloud brokerage services to drive the prospects for growth in this market. Cloud computing and cloud-based services are gaining traction among the end users as they offer greater flexibility of application and service customization features. It also allows easy scaling of applications and services as and when required. The hybrid cloud-computing model is a mix of private and public cloud solutions, which are designed to integrate the on-premise and third-party cloud services for cloud security. In the industrial sector, hybrid cloud models provide a flexible and stable IT infrastructure that helps clients to manage IT resources for optimum utilization.
The software as a service (SaaS) segment dominated this market during 2015 and is anticipated to grow at a CAGR of over 20% until the end of the forecast period. Industrial SaaS models support key technologies like M2M communications, IoT, and the industrial Internet. It also helps to manage and integrate plants and industrial automation systems like the distributed control system (DCS) and supervisory control and data acquisition (SCADA).
In this market research, analysts have estimated the Americas to register a high adoption rate of advanced IT solutions during the forecast period. The prospects for market growth in this region will be impelled by the implementation of cloud computing, IoT and big data, and analytics technology in the manufacturing sector. Furthermore, with the rising utilization of predictive analytics tools and 3-D printing technology, the market for industrial cloud in the Americas will have a positive outlook until the end of 2020. According to this industry research report, the industrial cloud market in the Americas accounted for a market share of more than 62% during 2015.
The global industrial cloud market is characterized by the presence of intense competition among the large vendors. The level of competition is high among small and large organizations that provide industrial cloud solutions. Due to this market’s high growth potential, new players will enter this market by providing industry-specific cloud solutions.
Key vendors in the market are -
Other prominent vendors are Epicor Software, Oracle, Prevas, QAD, Rackspace, Red Hat, Rockwell Automation, Salesforce, SAP, Schneider Electric, and VMware.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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