Industrial cloud is a broad term for cloud technology used in asset-intensive industries such as manufacturing, telecommunications, mining, construction, waste & water management, and energy generation/distribution. Moreover, industry clouds are collections of cloud services, tools, and applications optimized for the most important operations in a specific industry. APIs, common data models and workflows, and other components are available to customize capabilities. Industry cloud solutions from major public cloud providers typically offer a variety of software and services, including industry-specific applications, from partners. For instance, Microsoft and SAP partner to deliver SAP supply chain solutions through Microsoft Cloud for manufacturing.
Technological advancements in the market, along with increasing infrastructure development and adoption of cloud-based services, are expected to drive market growth. Furthermore, increase in use of IoT with massive amounts of data to be processed is expected to boost the industrial cloud market. Moreover, factors such as operational efficiency with low operating costs and increasing demand for various features make work easier that drive the market growth. However, growth in concerns about data safety related to data and network isolation issues are expected to hinder market growth. On the other hand, the emergence of hybrid cloud along with the rise of SMEs is further expected to create opportunities for the industrial cloud market during the forecast period.
The industrial cloud market is segmented on the basis of offering, cloud type, type, enterprise size, application, and end user. On the basis of component, the market is bifurcated into solution and services. The services segment is further divided into professional services and managed services. By professional services, the market is further classified into training & education, integration & deployment, and support & maintenance. By cloud type, the market is segregated into public, private, and hybrid. By type, the market is fragmented into IaaS, PaaS, and SaaS. By organization size, it is categorized into large enterprises and SMEs. By application, market is classified into asset management, customer relationship management (CRM), enterprise resource management (ERM), supply chain management (SCM), project & portfolio management, and others. By end user, the market is bifurcated into process manufacturing and discrete manufacturing. Furthermore, the process manufacturing segment is further segmented into energy & utilities, food & beverages, and others. Furthermore, energy & utilities sector is divided into oil & gas, petrochemicals, and utilities. Moreover, depending on discrete manufacturing, the market is fragmented into automotive and transportation, industrial machinery & heavy equipment, high-tech & consumer electronics, aerospace & defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are Alibaba Group Holding Limited, Amazon Web Services, Cisco System Inc, Dell Technologies, Google LLC, IBM Corporation, Microsoft Corporation, Honeywell Corporation, Siemens AG, Oracle Corporation, Hewlett Packard Enterprise, General Electric, Hitachi Ltd, PTC, Rockwell Automation, Crave Industry, and OptDyn.
Technological advancements in the market, along with increasing infrastructure development and adoption of cloud-based services, are expected to drive market growth. Furthermore, increase in use of IoT with massive amounts of data to be processed is expected to boost the industrial cloud market. Moreover, factors such as operational efficiency with low operating costs and increasing demand for various features make work easier that drive the market growth. However, growth in concerns about data safety related to data and network isolation issues are expected to hinder market growth. On the other hand, the emergence of hybrid cloud along with the rise of SMEs is further expected to create opportunities for the industrial cloud market during the forecast period.
The industrial cloud market is segmented on the basis of offering, cloud type, type, enterprise size, application, and end user. On the basis of component, the market is bifurcated into solution and services. The services segment is further divided into professional services and managed services. By professional services, the market is further classified into training & education, integration & deployment, and support & maintenance. By cloud type, the market is segregated into public, private, and hybrid. By type, the market is fragmented into IaaS, PaaS, and SaaS. By organization size, it is categorized into large enterprises and SMEs. By application, market is classified into asset management, customer relationship management (CRM), enterprise resource management (ERM), supply chain management (SCM), project & portfolio management, and others. By end user, the market is bifurcated into process manufacturing and discrete manufacturing. Furthermore, the process manufacturing segment is further segmented into energy & utilities, food & beverages, and others. Furthermore, energy & utilities sector is divided into oil & gas, petrochemicals, and utilities. Moreover, depending on discrete manufacturing, the market is fragmented into automotive and transportation, industrial machinery & heavy equipment, high-tech & consumer electronics, aerospace & defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are Alibaba Group Holding Limited, Amazon Web Services, Cisco System Inc, Dell Technologies, Google LLC, IBM Corporation, Microsoft Corporation, Honeywell Corporation, Siemens AG, Oracle Corporation, Hewlett Packard Enterprise, General Electric, Hitachi Ltd, PTC, Rockwell Automation, Crave Industry, and OptDyn.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial cloud market analysis from 2021 to 2031 to identify the prevailing industrial cloud market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the industrial cloud market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industrial cloud market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Enterprise Size
- Large Enterprises
- SMEs
By by Solution
- Solution
- Service
- Service Type
- Professional Services
- Managed Services
By Application
- Asset Management
- Customer Relationship Management (CRM)
- Enterprise Resource Management (ERM)
- Supply Chain Management (SCM)
- Project and Portfolio Management
- Others
By Type
- IaaS
- PaaS
- SaaS
- Others
By Cloud Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
By End-user
- Process Manufacturing
- Sector
- Energy and Utilities
- Food and Beverages
- Others
- Discrete Manufacturing
- Sector
- Automotive and Transportation
- Industrial Machinery and Heavy Equipments
- High-Tech and Consumer Electronics
- Aerospace and Defense
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Ptc Inc
- Amazon Web Services
- Dell Technologies
- Rockwell Automation
- Hitachi Ltd
- Oracle Corporation
- Honeywell Corporation
- Siemens AG
- Crave Industry
- ALIBABA GROUP HOLDING LIMITED
- Cisco System Inc
- General Electric
- IBM Corporation
- Google LLC
- OptDyn
- Microsoft Corporation
- Hewlett Packard Enterprise
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL CLOUD MARKET, BY BY SOLUTION
CHAPTER 5: INDUSTRIAL CLOUD MARKET, BY TYPE
CHAPTER 6: INDUSTRIAL CLOUD MARKET, BY CLOUD TYPE
CHAPTER 7: INDUSTRIAL CLOUD MARKET, BY ENTERPRISE SIZE
CHAPTER 8: INDUSTRIAL CLOUD MARKET, BY APPLICATION
CHAPTER 9: INDUSTRIAL CLOUD MARKET, BY END-USER
CHAPTER 10: INDUSTRIAL CLOUD MARKET, BY REGION
CHAPTER 11: COMPETITIVE LANDSCAPE
CHAPTER 12: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, 'Industrial Cloud Market, By Solution (Solution, Service), By Type (IaaS, PaaS, SaaS, Others), By Cloud Type (Public Cloud, Private Cloud, Hybrid Cloud), By Enterprise Size (Large Enterprises, SMEs), By Application (Asset Management, Customer Relationship Management (CRM), Enterprise Resource Management (ERM), Supply Chain Management (SCM), Project And Portfolio Management, Others), By End-User (Process Manufacturing, Discrete Manufacturing): Global Opportunity Analysis And Industry Forecast, 2022-2031". The industrial cloud market size was valued at $67.4 billion in 2021, and is estimated to reach $352.6 billion by 2031, growing at a CAGR of 18% from 2022 to 2031.Industrial cloud computing is a broad term for cloud technology used in asset-intensive industries such as manufacturing, telecommunications, mining, construction, waste & water management, and energy generation. Moreover, automation processes in industries and the integration & use of the Internet of Things (IoT) in industrial cloud are expected to drive the global market growth. In addition, industrial cloud-based services can process, filter, and manage big data, effectively processing large amounts of information. Factors such as growth in demand for optimum resource utilization, increase in demand for cloud services, and upsurge in demand for cloud services due to COVID-19 pandemic are key factors driving the the industrial cloud market growth. However, rise in concerns related to data privacy and lack of IT infrastructure in underdeveloped nations hamper market growth. Furthermore, increase in adoption of cloud in SMEs provide ample growth opportunities for the industrial cloud industry growth.
Rise in demand for cloud applications aided in propelling the growth of the global industrial cloud solution during the forecast period, hence empowering the demand for industrial cloud market. Moreover, lower costs of cloud services and hyper-scaling capabilities during the period has positively impacted industrial cloud industry. However, concerns regarding data security and privacy is anticipated to hamper the industrial cloud market during the forecast period. On the contrary, the growth in demand for cloud services in SMEs is expected to offer remunerative opportunities for the expansion of the industrial cloud market forecast.
The industrial cloud market is segmented on the basis of offering, cloud type, type, enterprise size, application, and end user. On the basis of component, the market is bifurcated into solution and services. The services segment is further divided into professional services and managed services. By professional services, the market is further classified into training & education, integration & deployment, and support & maintenance. By cloud type, the market is segregated into public, private, and hybrid. By type, the market is fragmented into IaaS, PaaS, and SaaS. By organization size, it is categorized into large enterprises and SMEs. By application, market is classified into asset management, customer relationship management (CRM), enterprise resource management (ERM), supply chain management (SCM), project & portfolio management, and others. By end user, the market is bifurcated into process manufacturing and discrete manufacturing. Furthermore, the process manufacturing segment is further segmented into energy & utilities, food & beverages, and others. Furthermore, energy & utilities sector is divided into oil & gas, petrochemicals, and utilities. Moreover, depending on discrete manufacturing, the market is fragmented into automotive and transportation, industrial machinery & heavy equipment, high-tech & consumer electronics, aerospace & defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are Alibaba Group Holding Limited, Amazon Web Services, Cisco System Inc, Dell Technologies, Google LLC, IBM Corporation, Microsoft Corporation, Honeywell Corporation, Siemens AG, Oracle Corporation, Hewlett Packard Enterprise, General Electric, Hitachi Ltd, PTC, Rockwell Automation, Crave Industry, and OptDyn. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By enterprise size, the large enterprises segment dominated the global market in 2021, and is expected to continue this trend during the forecast period as cloud computing technology offers numerous benefits for large enterprises, boosting growth of the industrial cloud market. Conversely, the small- & medium-sized enterprises segment is expected to grow at the highest CAGR during the forecast period, owing to surge in adoption of cloud-based services, as it provides cost-effective and efficient solution for SMEs.
Region wise, the industrial cloud market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its higher expenditure on technological solutions However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the growth in number of startups and the expanding infrastructure in the region, which is expected to fuel the growth of the industrial cloud industry in the region during the forecast period.
The global industrial cloud market has witnessed stable growth during the COVID-19 pandemic, owing to the dramatically increased digital penetration during the period of COVID-19-induced lockdowns and stringent social distancing policies, which further fueled the demand for automation and cloud services. According to a report published by Unqork, in May 2021, the average spending on cloud services rose by over 37% during the first few months of the COVID-19 pandemic. Moreover, with the limited workforce availability due to various social distancing policies during the pandemic, businesses further increased their cloud dependence to maintain the business productivity and efficiency. Such factors propelled the growth of the global cloud managed services market during the period. Such factors propelled the growth of the global industrial cloud solutions market during the period.
KEY FINDINGS OF THE STUDY
By end user, process manufacturing segment accounted for the largest Industrial Cloud market share in 2021.By region, North America generated the highest revenue in 2021.
By type, SaaS segment accounted for the largest Industrial Cloud market share in 2021.
By cloud type, the public cloud segment generated the highest revenue in 2021.
The key players profiled in the Industrial Cloud market analysis are Alibaba Group Holding Limited, Amazon Web Services, Cisco System Inc, Dell Technologies, Google LLC, IBM Corporation, Microsoft Corporation, Honeywell Corporation, Siemens AG, Oracle Corporation, Hewlett Packard Enterprise, General Electric, Hitachi Ltd, PTC, Rockwell Automation, Crave Industry, and OptDyn. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Ptc Inc
- Amazon Web Services
- Dell Technologies
- Rockwell Automation
- Hitachi Ltd
- Oracle Corporation
- Honeywell Corporation
- Siemens AG
- Crave Industry
- ALIBABA GROUP HOLDING LIMITED
- Cisco System Inc
- General Electric
- IBM Corporation
- Google LLC
- OptDyn
- Microsoft Corporation
- Hewlett Packard Enterprise
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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