Global Industrial Cloud Platform Market, By Solution (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution System (MES), Human–Machine Interface (HMI), Product Lifecycle Management (PLM) and Others), Platform and Professional Service (Platform and Professional services), End-User Industry (Oil and Gas, Electric Power Generation, Chemicals, Water and Wastewater Management, Food and Beverages, Mining and Metal, Paper and Pulp, Pharmaceutical and Others) , Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Industrial Cloud Platform Market
Data Bridge Market Research analyses that the industrial cloud platform market will exhibit a CAGR of 27.14% for the forecast period of 2022-2029.
Industrial cloud platform provides a contemporary approach for developing and deploying software system applications. Industrial cloud platform includes straightforward detection of security threats in infrastructure by trailing the method and watching traffic. It helps in classifying, scanning, analysing of knowledge in addition as providing solutions to require action against the loss of knowledge.
Increased focus on resource optimization is the major factor accelerating the growth of the market. Furthermore, energy efficiency and production costs, strategic partnerships and collaborations and advancement in technology of cloud computing are also expected to drive the growth of the industrial cloud platform market. However, dearth of skilled technical workforce required for the maintenance and working of these industrial clouds restrains the industrial cloud platform market, whereas, data privacy and security will challenge market growth.
In addition, convenience of platform-based deployment will create ample opportunities for the industrial cloud platform market.
This industrial cloud platform market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial cloud platform market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Cloud Platform Market Scope and Market Size
The industrial cloud platform market is segmented on the basis of solution, platform and professional service, and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of solution, industrial cloud platform market is segmented into supervisory control and data acquisition (SCADA), distributed control system (DCS), manufacturing execution system (MES), human–machine interface (HMI), product lifecycle management (PLM) and others.
- Based on platform and professional service, industrial cloud platform market is segmented into platform and professional services. Platform is sub-segmented into asset management, remote monitoring, data processing and analytics, application development and management and security management. Professional services are sub-segmented into consulting and planning, system integration and training, support, and maintenance.
- Based on end-user industry, industrial cloud platform market is segmented into oil and gas, electric power generation, chemicals, water and wastewater management, food and beverages, mining and metal, paper and pulp, pharmaceutical and others.
Industrial Cloud Platform Market Country Level Analysis
The industrial cloud platform market is analysed and market size, volume information is provided by country, solution, platform and professional service, and end-user industry as referenced above.
The countries covered in the industrial cloud platform market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the industrial cloud platform market due to the rapid increase in the utilization of predictive analytics tools and 3D printing technologies in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2022 to 2029 because of the easy availability of skilled labor at affordable costs, high growth of infrastructure as well as the technological capabilities in this region.
The country section of the industrial cloud platform market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Cloud Platform Market Share Analysis
The industrial cloud platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the industrial cloud platform market.
The major players operating in the industrial cloud platform market report are PTC, Hitachi Data Systems, IBM, Epicor Software, Oracle Corporation, Prevas, QAD Inc., Rackspace Inc., Red Hat, Inc., Microsoft, Rockwell Automation, Inc., Salesforce.com, Inc., SAP SE, Schneider Electric SE, Hewlett Packard, Net Magic IT Services, Sify Technologies, CtrlS Data Center, VMware, Inc., Siemens, General Electric, Schneider Electric, Honeywell International, Rockwell Automation, Telit among other.