Global Industrial Cloud Market to Exhibit 22.70% CAGR from 2016 to 2020, Propelled by Increased Adoption of Cloud-based Analytics

Published Date : Apr 04, 2016

ALBANY, New York, April 04, 2016 – announces the addition of a recent report, titled ‘Global Industrial Cloud Market 2016-2020,’ to its online repository. According to the report, the global industrial cloud market is expected to progress at a 22.70% CAGR during the period between 2016 and 2020 due to factors such as the increasing adoption of cloud-based analytics and the shift from CAPEX to OPEX model.

The future of cloud services is expected to be bright in the industrial cloud sector. So far, most of the cloud services available to most of the businesses across all industries have been of general standard. Industrial cloud is the use of information technologies to better manage end-to-end production procedures in manufacturing units and heavy industries. Industrial cloud solutions are specifically developed and designed to aid the manufacturing procedures on the shop floor. The information generated at the time of the production process has to be efficiently managed and can yield visions that can be used for key decision-making procedures. Industrial cloud systems, on the other hand, offer an integrated platform that assists users in implementing various industrial applications that are designed to improve industrial automation and operational visibility. 

The increasing use of cloud systems across various industries is expected to propel the global industrial cloud market in the years to come. By geography, the global industrial cloud market  is divided into the Americas, EMEA, and APAC. Amazon Web Services (AWS) Inc., GE Co., Google Inc., IBM Corp., Infor Inc., Microsoft Corp., and Siemens AG are some of the leading players operating in the global industrial cloud market. The strong emergence of new companies is predicted to make the global industrial cloud market highly competitive for the prominent players in the years to come. Some other prominent companies expected to contribute massively towards the growth of the global industrial cloud market are Oracle, QAD, Red Hat, SAP, Rackspace, Rockwell Automation, and Schneider Electric.

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The shift from CAPEX to OPEX model has benefited the global industrial cloud market considerably. Even though the global market faces the challenge of indecisive cloud migration, the increased adoption of cloud-based industrial analytics is expected to contribute towards the growth of the global industrial cloud market.

By constantly investigating the specific needs of industries, leading players are taking efforts to package suitable industry cloud solutions that are secure, tailor-made, and fully compliant for a certain industry. It is believed that, in the years to come, cloud systems will benefit industry community clouds, but not any specific industry. Factors such as cost efficiency, speed, industrial cloud being future-proof, agility, safe data residency, and low entry barrier to cloud applications are predicted to propel the global industrial cloud market in the next few years.

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