About Industrial Cloud
The industrial cloud is all about using information technologies to manage end-to-end production processes in heavy industries and manufacturing units. Industrial cloud solutions are designed and developed to aid the manufacturing process in the shop floor. The data generated during manufacturing and production processes should be efficiently managed and can yield insights that can be fed into key decision-making processes. Industrial cloud systems provide an integrated platform that helps implement numerous industrial applications designed to enhance operational visibility and industrial automation.
Technavio’s analysts forecast the global industrial cloud market to grow at a CAGR of 22.7% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial cloud market for 2016-2020. To calculate the market size, the report considers the revenue generated from the use of cloud solutions in the manufacturing and industrial sectors offered by vendors in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Cloud Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Industrial Cloud Market: Amazon Web Services (AWS) Inc., GE Co., Google Inc., IBM Corp., Infor Inc., Microsoft Corp., and Siemens AG.
Other Prominent Vendors in the market are: Epicor Software, Oracle, Prevas, QAD, Rackspace, Red Hat, Rockwell Automation, Salesforce.com, SAP, Schneider Electric, and VMware.
Commenting on the report, an analyst from Technavio’s team said: “Cloud-based industrial analytics in industrial automation is growing at a higher rate as organizations are implementing cloud-based predictive analytical solutions to manage data generated from information systems, such as SCADA. Similarly, organizations operating in other industrial sectors (such as manufacturing and energy) are widely implementing cloud-based analytical solutions. Manufacturing industries are widely adopting data analytics to improve the performance of the manufacturing process.”
According to the report, the shift from capital expenditure (CAPEX) to operational expenditure (OPEX) model is the primary reason that drives the increased adoption of cloud computing solutions in several industry verticals. The key benefit of implementing cloud-based solutions is the pay-per-use pricing model. Cloud-based solutions are also flexible in terms of deployment models as cloud services are available in three deployment models: IaaS, PaaS, and SaaS.
Further, the report states that data privacy and security risks remain major barriers to the widespread use of cloud-services in organizations, especially the public cloud.
Amazon Web Services (AWS) Inc., GE Co., Google Inc., IBM Corp., Infor Inc., Microsoft Corp., Siemens AG, Epicor Software, Oracle, Prevas, QAD, Rackspace, Red Hat, Rockwell Automation, Salesforce.com, SAP, Schneider Electric, VMware.