Industrial Cloud Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented, By Component (Solution, Service), By Type (IaaS, PaaS, SaaS), By Cloud Type (Public Cloud, Private Cloud, Hybrid Cloud), By Application (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution System (MES), Human Machine Interface (HMI)
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndustrial Cloud Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented, By Component (Solution, Service), By Type (IaaS, PaaS, SaaS), By Cloud Type (Public Cloud, Private Cloud, Hybrid Cloud), By Application (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution System (MES), Human Machine Interface (HMI)
Global Industrial Cloud market is predicted to thrive during the forecast period 2024- 2028. The market is growing as a result of rising demand for cloud services, increased demand for optimal resource usage, and surges in demand for cloud services. The manufacturing sector's increasing adoption of industry 4.0. Using the Internet of Things, the industrial cloud enables automation of the manufacturing process (IoT). The innovative growth in the industrial cyberspace predicts an increase in the number of industrial enterprises and tools using the cloud. In order to enhance the applications of industrial cloud platforms, industrial manufacturing enterprises are working with cloud providers. The adoption of industrial cloud is fuelled by the ability of cloud to foster collaboration among multiple manufacturing facilities in various locations.
Comparing cloud services to older on-premises systems, 75% of industrial organizations cite cost savings and better efficiency. A rising variety of cloud solutions are found at to serve the entire manufacturing value chain, including design, sourcing, production, operations, and distribution, while IT companies started the crucial transition to the cloud.
Additionally, rising potential application in medical surgery, where the image obtained from a test can be accurately superimposed on a patient's body is driving demand for the Global Industrial Cloud Market.
The industrial cloud is a personalized system that operates in accordance with the needs of a particular industry to take into account the business, security, and other crucial issues.
The industrial cloud reduces capital expenses and other expenses, which benefits industries by offering a wide range of services and being reasonably priced. Automating the manufacturing process with industrial cloud computing, combined with IoT integration and application, drives market growth on a global scale. The deployment of these services in various sectors and businesses is thus encouraged by the broad range of functions they may perform, including business handling, security screening, and maintenance. The industrial cloud-based services can also handle a high number of data while processing it efficiently, as well as analyze, filter, and manage big data.
Cloud System in Factory Automation is Fueling the Market Growth
In
The addition of cloud services has already started to modify how things operate in the field of industrial automation. For instance, the architecture of IT structures is changing with the move from a fixed client server architecture to a more distributed architecture with both local and global intelligence. These rapid adoption of cloud in automation is driving the growth in the global industrial cloud market.
Increased Remote Storage and Computational Power
Cloud computing offers nearly unlimited storage and powerful computing resources with a quick intranet connection without the expense and upkeep of having potent systems and enormous local storage. With shared resources that provide strong processing power and enormous storage on demand in safe faraway data centers with redundancy and power backup, this technique delivers economies of scale. Without a set investment in specialized gear or the continuing expense of software administration, maintenance, and upgrades, businesses only pay for what they actually require. On the other hand, on-site data centers demand allocations of space, hardware, environmental controls, and support personnel in addition to having a large physical footprint. Periodic maintenance on these assets necessitates extra capital expenditures. These advantages are driving the growth in the global industrial cloud market.
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Market Segmentation
Global Industrial Cloud Market is segmented into component, type, cloud type, application and end user. On the basis of component, the market is segmented into Solution, Service. Based on the Type, the market is further divided into IaaS, PaaS, SaaS. Based on Cloud Type, the market is
Recent Advancements
In order to help industrial firms speed their digitization in the cloud, Amazon Web Services, Inc. teamed up with Siemens AG in November 2021. Siemens and AWS intended for this relationship to increase the uptake of Siemens' Xcelerator portfolio, which includes automated processes, manufacturing insights, and linked service deployment.
Company Profiles
Siemens AG, Schneider Electric SE, Honeywell International Inc., Rockwell Automation, Inc., General Electric Company, Telit IOT Solutions, Inc., Microsoft Corporation, PTC Inc., Hitachi Data Systems Corporation, Advantech Co., Ltd., and IBM Corporation and others are among the major players that are driving the growth of the global industrial cloud
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Component By Type By Cloud Type By Application By End User By Region |
| Regional Scope | North America, Asia-Pacific, Europe, Middle East & Africa and South America |
| Country Scope | United States, Canada, Mexico, China, Japan, India, Australia, South Korea, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
| Key Companies Profiled | Siemens AG, Schneider Electric SE, Honeywell International Inc., Rockwell Automation, Inc., General Electric Company, Telit IOT Solutions, Inc., Microsoft Corporation, PTC Inc., Hitachi Data Systems Corporation, Advantech Co., Ltd., and IBM Corporation |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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