Industrial Cloud Market 2016-2020

Outlook of the global industrial cloud market

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. 

Application-based segmentation of the industrial cloud market

• SaaS
• IaaS
• PaaS

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).

Geographical segmentation of the industrial cloud market

• Americas
• APAC
• EMEA

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.

Competitive landscape and key vendors

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 -

• AWS
• GE
• Google
• IBM
• Infor
• Microsoft
• Siemens

Other prominent vendors are Epicor Software, Oracle, Prevas, QAD, Rackspace, Red Hat, Rockwell Automation, Salesforce, SAP, Schneider Electric, and VMware.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global industrial cloud market?
• What are the key market trends impacting the growth of the global industrial cloud market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial cloud market?
• What are the market opportunities and threats faced by the vendors in the global industrial cloud market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial cloud market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Cloud Analytics Market 2016-2020
• Global Cloud Infrastructure Testing Market 2016-2020
• Global Cloud Security Market 2016-2020
• Global Hybrid Cloud Services Market 2016-2020