Product Launch (Blog)

Oct, 30 2019

Global Industrial Cloud Platform Market for Automation Market: Prevalence of Industry 4.0 Presents a Path for Global Expansion

 Industrial Cloud Platform Market for Automation Market

Industrial cloud platform for automation is described as the cloud platform designed to implement automation of operations in industries. These platforms are designed to implement automation offerings for the different industrial components such as hardware, machinery, sensors, and other products. They also provide transparency of operations by having a streamlined supply chain and manufacturing cycle.

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Industrial cloud platform market for automation market is growing due to advancements in research and developments of cloud computing, ease and flexibility in operations is achieved; the effects of these factors are mentioned below:

  • Advancements in research and developments of cloud computing: With the various market players established in the cloud computing market presently focused on innovations and advancements of their existing technologies, the associated and related markets are also expected to experience direct impacts in their particular markets. One of these industries experiencing direct impacts is the industrial cloud platform for automation as various innovations in the market have led to better operations along with easier accessibility for the users of this platform leading to a higher demand rate
  • Ease and flexibility in operations is achieved: Along with various other benefits, one of the most significant advantage associated with the implementation of cloud platform for adopting automation in industries is the ease of operations attained through this method. Enhanced levels of flexibility if also one of the most important traits achieved with the implementation of cloud platform. This platform enables the components to achieve automation of operations helping them in working without requiring a specialized supervision or human intervention resulting in greater efficiency of resources

Innovations in offerings and advancing technologies of companies in Industrial Cloud Platform Market for Automation Market:

  • In June 2019, Siemens Industry Software Inc. announced the commercial launch of “Siemens Opcenter” software solution designed to provide automation of manufacturing operations. This solution is based on the expertise of Siemens in offering manufacturing operations management in a unified platform for enhanced levels of user experience providing high levels of efficiency and reduced time for production
  • In November 2018, Delta Electronics, Inc. exhibited their product offerings for industrial automation category during their grand launch campaign spanning across four cities in India. The various products have been developed keeping in mind the requirements of various industry verticals to adopt automation for their factories and other applications

The market is segmented on the basis of solution as SCADA, DCS, MES, HMI, PLM, others; platform and professional service as platform, professional service; end-user as oil & gas, electric power generation, chemicals, water & wastewater management, food & beverage, mining & metal, pulp & paper, pharmaceutical, others.

“According to Data Bridge Market Research, Global Industrial Cloud Platform Market For Automation Market is expected to be growing with a healthy CAGR of 29.45% during the forecast period of 2019 to 2026”

Some of the major players operating in market are Siemens AG, GENERAL ELECTRIC, Schneider Electric, Honeywell International Inc., Rockwell Automation Inc., Telit, Microsoft, PTC, Hitachi Vantara Corporation, Advantech Co. Ltd., IBM Corporation, Epicor Software Corporation, Oracle, QAD Inc., Red Hat Inc., inc., SAP SE, HP Development Company L.P., Netmagic Solutions, CtrlS Datacenters Ltd, and VMware Inc.

Due to the advent of Industry 4.0 there has been an increasing prevalence of utilizing automation products, solutions and other software offerings that can be used to adopt automation in these industry verticals and subsequent cities as well as other infrastructure. This trend of utilizing the most advanced hardware components require a software solution that can be used to build up their interconnected platform and ensure that their operations are not hampered in any sense.

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