Industrial Cloud Market to Grow Exponentially During the Forecast Period From 2019 to 2026

  • 30 Jul 2019

The global industrial cloud market is predicted to grow at a rapid pace and is expected to record a profound CAGR of over 24% during the forecast period of 2019 to 2026. 

Working according to the requirements of each industry and managing various functions such as transactions, security, and various functions. With technological advancements to improve existing technologies, the rise of hybrid cloud services multiply the prospects of the market and its growth on a global scale. The advent of cloud brokerage services further expands the application scope of the market thereby making it the preferable option over its counterparts.

The services cater and cover a wide range of functions through the single application of this system, while automating the manufacturing process, thus making it popular and being extensively employed. The flexibility in usage, as well as the cost-efficiency, further drives firms across multiple industries to adopt this technology. The availability of customization and specific features according to individual industries. The ease associated with scaling of applications and services according to requirements also boosts the growth of the market. 

The hybrid cloud-computing model is a mix of private and public cloud solutions, which is highly lucrative given the ease in use and flexibility. It is 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 IaaS segment is predicted to account for major revenue during the forecast period. The key features of IaaS include automated administrative tasks, dynamic scaling, platform virtualization, and network connectivity. It provides flexibility, mobility, easy, and scalable access to applications thus is speculated to be the most lucrative segment.

North America region is poised to register a high adoption rate of advanced IT solutions during the forecast period. Thus the North America and Europe region are expected to account for major market share. Furthermore, with the rising utilization of predictive analytics tools and 3-D printing technology, the market for the industrial cloud services in the developing nations is speculated to rise in the near future.The APAC region is developing and with increasing employment of industrial cloud market services, the markets in this region is estimated to grow at the highest CAGR. 

Significant firms in the market are -
➢    Google
➢    AWS
➢    GE
➢    IBM
➢    Infor
➢    Siemens
Along with this, other firms performing in the market are Epicor Software, Oracle, Prevas, QAD, Rackspace, Red Hat, Rockwell Automation, Salesforce, SAP, Schneider Electric, and VMware.

Market Segmentation 
By Application:  

➢    SaaS 
➢    IaaS 
➢    PaaS 

By Region:
➢    Europe 
➢    North America 
➢    APAC 
➢    Latin America
➢    Rest of World

Competitive Landscape: 
➢    Tier 1 players- established companies in the market with a major market share 
➢    Tier 2 players
➢    Emerging players which are growing rapidly
➢    New Entrants  
The global industrial cloud market is characterized by the presence of intense competition among established firms. The level of competition is tough across all tiers & organizations operating in the global market. Due to this market’s predicted high growth potential, new players will enter this market by providing industry-specific cloud solutions.

FutureWise Takeaways 
➢    Growth prospects 
➢    SWOT analysis
➢    Key trends
➢    Key data points affecting market growth 

Objectives of the Study:
➢    To provide an exhaustive analysis on the global industrial cloud market by application and by region
➢    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
➢    To evaluate and forecast micro-markets and the overall market 
➢    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
➢    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
➢    Profiling of companies to evaluate their market shares, strategies, financials and core competencies


Get unlimited analyst support and customise this study further to your requirements, contact