The intention of this Industrial Cloud Platform Market file is to explain, outline and are expecting the global Industrial Cloud Platform Market marketplace primarily based on the styles of shows, most important sectors, disposition fashions, affiliation quantity, and areas. This record, prepared via information bridge marketplace research scrutinizes the predominant factors manipulating the increase of the Industrial Cloud Platform Market market such drivers, restraints, possibilities, and challenges which can be derived from the Porter’s 5 Forces device and SWOT evaluation.
Global Industrial Cloud Platform Market was valued at USD 703.5 billion and is expected to reach USD 737.5 billion in 2025 growing at a healthy CAGR of 27.8% the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Top Key Competitors
- Siemens AG
- GENERAL ELECTRIC
- Schneider Electric
- Honeywell International Inc.
- Rockwell Automation Inc.
- Telit, Microsoft
- Hitachi Vantara Corporation
- Advantech Co. Ltd.
- IBM Corporation,
- Epicor Software Corporation,
- QAD Inc.,
- Red Hat Inc.,
- com inc.,
- SAP SE,
- HP Development Company L.P.,
- Netmagic Solutions,
- CtrlS Datacenters Ltd, and VMware Inc.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global industrial cloud platform market
- Analyze and forecast the industrial cloud platform market on the basis of services, end-user, and services
- Trends of key regional and country-level markets for processes, derivative and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Segmentation: Global Industrial Cloud Platform Market
- Supervisory Control and Data Acquisition
- Distributed Control System
- Manufacturing Execution System
- Human-Machine Interface
- Product Lifecycle Management
By Cloud Type
By Service Model
By Professional Service
- System Integration
By End Users
- Oil & Gas
- Electric Power Generation
- Water & Waste Water Management
- Food & Beverage
- Mining & Metal
- Pulp & Paper
Competitive Landscape: Global Industrial Cloud Platform Market
The global industrial cloud platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In May 2018, Epicor Software Corporation has partnered with Microsoft to provide Epicor enterprise-class solutions globally on the Microsoft Azure platform to promote business growth. This strategy offers cloud deployment of Epicor Prophet 21 enterprise resource planning (ERP) suites on Microsoft Azure to provide industrial cloud platform.
- Increased adoption of the industrial cloud platform in the industrial sector
- Advent of hybrid cloud services and cloud brokerages services
- High demand for cloud monitoring for financial applications
- Increasing adoption of wireless networking technology led to increase in use of industrial cloud platform
- Rise in the use of Distributed Control System (DCS)
- Need high investment for projects
- Increasing concerns regarding security and privacy
- Inefficient disaster backup and error limitations
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