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Demand from APAC is Predicted to Create a Huge Potential for the Global Industrial Cloud Market Until 2020, Says TechnavioAccording to the latest research study released by Technavio, the global industrial cloud market is expected to reach over USD 52 billion by the end of 2020. This research report titled 'Global Industrial Cloud Market 2016-2020', provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including SaaS (News - Alert), IaaS, and PaaS. Request sample report: http://bit.ly/1M9ruP9 "APAC is the emerging market for industrial cloud solutions because the adoption of cloud computing solutions in manufacturing firms is in early stages. The market opportunity is high for service providers in terms of industrial cloud solutions in markets such as Japan, India, China, Singapore, Indonesia, and South Korea. Most of the industrial cloud vendors (such as GE and Siemens (News - Alert)) offer industrial cloud solutions in APAC, because manufacturers in the region are planning to revamp the production process in a bid to attain cost reduction and quality improvements," said Asif Gani, one of Technavio's lead analysts for embedded systems research. "Industrial firms in APAC are implementing Internet-based platforms to support advanced IT solutions, such as cloud-based IoT and virtualization technologies. Cloud-based solution for industrial applications are predicted to help manufacture plant equipment, machinery, and turbines, to connect through embedded sensor technologies during the forecast period," added Asif. Cloud-based industrial application model
SaaS: largest segment of the global industrial cloud The global SaaS industrial cloud market was valued at USD 9.4 billion in 2015. SaaS can be defined as a software that is deployed over the Internet. Customers can subscribe to SaaS through pay-as-you-go pricing models. Software applications can be accessed through a web browser or a program interface. Service providers manage the cloud infrastructure (this includes pushing software upgrades). The adoption of SaaS cloud-based solutions is rising in the manufacturing sector, and this trend may combine enterprise resource planning (ERP) software with SaaS-based ERP solutions. Integrated SaaS-based ERP systems enable broader functionality in the IT environment f organizations. Integrated cloud-based solutions help manufacturers manage their entire supply chain process from production planning to inventory management. Manufacturers can focus on their core business processes by leveraging IT functions to service providers. Industrial SaaS models support key technologies such as machine-to-machine (M2M) communications, IoT, and the industrial Internet. The implementation of SaaS models helps manage and integrate plants and industrial automation systems, such as distributed control systems and supervisory control and data acquisition (SCADA). SaaS-based solutions can ideally replace on-premise and open-source software solutions, such as vanilla offerings. These are software solutions that are generally undifferentiated, such as software that manages e-mails in organizations. IaaS: second largest segment of the global industrial cloud The global IaaS industrial cloud market was valued at close to USD 5.6 billion in 2015. IaaS is a cloud-based services delivery model that provides IT infrastructure services, such as servers, networks, storage, and operating systems. IaaS represents on-demand service for clients and they need not invest in the procurement of servers, storage, and other hardware components of IT infrastructure. Manufacturing firms are implementing IaaS services, such as on-demand data centers, for data storage and computing. Service providers price IaaS services on a pay-per-use basis. The flexible and utility-based pricing model allows users to use IT resources in tune with business requirements. Industrial firms can significantly reduce the cost of in-house IT departments because the IaaS model preempts in-house hardware. IaaS is suitable for organizations that are willing to minimize the low upfront cost of hardware. PaaS in the global industrial cloud market The global PaaS industrial cloud market was valued at close to USD 3.8 billion in 2015. PaaS provides a platform to create and manage web applications and business processes across an organization's IT environment. These applications and business processes can be delivered over the Internet. Industrial PaaS helps heavy industry and original equipment manufacturers (OEMs) to manage industrial applications with the help of integrated application platforms. Organizations can implement next-generation technologies, such as big data and analytics and industrial IoT, by using standardized industrial cloud platforms. Integrated analytics solutions in PaaS helps automate business process manufacturing plants by capturing and analyzing machine data. PaaS also ensures compliance and security in cloud-based IT environments. It also offers the flexibility to migrate IT functions from on-premise to cloud environments, and vice versa. PaaS also helps lower operational costs in the production process and reduces the time to market. Browse related reports:
Purchase any three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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