Global Industrial Cloud Platform Market in-depth analysis of Top Players, Geography, End users, Applications, Competitor analysis, Sales, Revenue, Price, Gross Margin, Market Share, Trends and Forecast.
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.
According to Data Bridge Market Research new Market report, global industrial cloud platform market for automation market accounted to USD 272.78 million in 2018 growing at a CAGR of 29.45 % during the forecast period of 2019 to 2026.
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Key Market Competitors: Global Industrial Cloud Platform Market for Automation Market
Few of the major competitors currently working in industrial cloud platform market for factory automation market are-
- 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
- VMware Inc.
Global Industrial Cloud Platform Market for Automation Market
Industrial cloud platform are software systems capable of working on the specific needs of the industry or automation they are employed upon.
They store the specific requirements set by the user and give out these specific instruction to the particular automation/machinery. It promotes transparency of work and increase efficiency promoting flexibility and ease of work in the industry.
Segmentation: Global Industrial Cloud Platform Market for Automation Market
Global industrial cloud platform market for automation market is segmented on the basis of solution, platform & professional service, end-user and geography.
- By Solution (SCADA, DCS, MES, HMI, PLM, Others),
- By Platform and Professional Service (Platform, Professional Service),
- By End-User (Oil & Gas, Electric Power Generation, Chemicals, Water & Wastewater Management, Food & Beverage, Mining & Metal, Pulp & Paper, Pharmaceutical, Others),
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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FACTORS DRIVING GROWTH IN INDUSTRIAL CLOUD PLATFORM MARKET for AUTOMATION MARKET:
Rising demand of electricity consumption and production:
According to International Energy Agency, total gross worldwide production was at 25,082 TWh, which has grown by 2.9% from its 2015 production, whereas world total final electricity consumption reached 20,863 TWh which has grown by 3.2% since 2015.
This year-on-year rise in demand of electricity and its production is expected to positively impact the industrial cloud platform for automation market as electric & power generation is one of the major applicable industries for it and is expected to rise significantly in the forecast period.
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