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Industrial Cloud Market Size, Share and COVID-19 Impact Analysis, By Solution (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution System (MES), Human Machine Interface (HMI), Product Lifecycle Management (PLM), Others, By Deployment (Public, Private, Hybrid), By Industry(Oil and Gas, Energy and Utilities, Chemicals, Food and Beverage, Mining and Metal, Pulp and Paper, Pharmaceutical, Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI107047 | Status : Ongoing

 

KEY MARKET INSIGHTS

The demand for industry specific solutions is increasing from cloud service providers owing to surge in investment to digital transformation. Hence, major cloud providers including Salesforce, Microsoft Corporation, IBM Corporation and Amazon Web Services (AWS) are focusing on expansion of their product portfolio as per industries need. For example, in December 2020, Microsoft Corporation and SAP SE collaborated to offer SAP supply chain solutions using Microsoft Cloud for manufacturing industry.


The market growth is driven by the growing adoption of industry 4.0 across the manufacturing industry.  The industrial cloud enables to automate the manufacturing process through internet of things (IoT). As per the Action Plan for Innovative Development of the Industrial Internet (2021-2023), the number of industrial companies and tools that leverage the cloud in 2023 will double than in 2020. Thus, industrial manufacturing organizations are collaborating with cloud providers to improve applications of industrial cloud platforms. Cloud enables collaboration across various manufacturing plants in different regions, which drives the adoption of industrial cloud.  

The industrial cloud is developed to offer a portfolio of Industrial IoT (IIoT) solutions and insights to improve manufacturing and automotive industries. Further, it helps to empower the supply chain community to foster efficiency gains and transform operations. The increasing investment in digitalization by the manufacturing industry across countries including India, China, U.S., Germany and others are anticipated to drive the market towards a higher growth trajectory.  For instance,


  • In March 2022, as per the “India Industry 4.0 Adoption Report” published by the National Association of Software and Services Companies (NASSCOM) and Capgemini, the investments in Industry 4.0 is projected to grow to USD 200 Bn by 2025, which is increased by 10 times in the last decade. In addition, countries such as China, US, India, Brazil, and the U.K. are anticipated to support with an investment of more than USD 100 billion.


Impact of COVID-19 on the Industrial Cloud Market


The COVID-19 pandemic accelerated the pace of digital transformation across industries including, manufacturing, oil and gas, healthcare and life science, mining and metal, paper and pulp, energy and utilities and others. Manufacturing companies surged the adoption of industry 4.0, which is expected to drive the market post COVID-19. Industrial Cloud enables transmission of data collected through sensors of industrial internet of things (IIoT) to the applications, which are used by operators on mobile or computer. In the post-COVID-19 era, the operational efficiency offered by cloud is expected to stimulate the growth of industrial cloud. For instance,


  • According to IBM’s 2021 Digital Transformation Assessment report, 79% of manufacturing organizations deployed cloud computing to automate manual tasks and improve business efficiency.

  •  In April 2021 – Volkswagon group developed an industrial cloud for all manufacturing plants in coordination with Amazon Web Services (AWS) and Siemens AG. Through the Industrial Cloud, the company is combining production data collected from 120 factories on its digital platform, Volkswagen’s Digital Production Platform (DPP).


Key Insights


The report will cover the following key insights:


  • Micro Macro Economic Indicators.

  • Drivers, Restraints, Trends and Opportunities.

  • Business Strategies Adopted by the Players.

  • Impact of COVID-19 on Industrial Cloud Market.

  • Consolidated SWOT Analysis of Key Players.


Analysis by Component


By component, the industrial cloud market for manufacturing execution system (MES) is anticipated to grow with a highest CAGR due to increasing adoption of industry cloud platforms to deliver high performance, save costs, and facilitate operations across the supply chain. Cloud MES solutions enable to access operational data in real time. The cloud platform connects different plants and departments and helps organization to monitor ERP, MES, and supply chains to build integrated strategies from the data they have gathered.

Regional Analysis


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APAC is anticipated to grow with a maximum growth rate followed by Europe during the projection period. The increasing investment to build cloud infrastructure and digital initiatives introduced by the government of countries including Japan, China, India, Southeast Asia, South Korea, and others accelerate the adoption of industrial cloud across the manufacturing, construction, and oil & gas sectors. For instance,


  • In May 2020, Tencent Holdings planned to invest USD 70 billion in coming five years to build technology infrastructure including artificial intelligence, cybersecurity, and cloud computing.

  • In 2020, China’s Tech Giants Huawei Cloud, Alibaba Cloud, Baidu Cloud, and Tencent Cloud spent around USD 19 billion collectively on cloud infrastructure services which was increased by 66% from 2019.


Key Players Covered


The report will include the profiles of key players such as Siemens AG, Schneider Electric SE, Honeywell International Inc., Rockwell Automation, Inc., General Electric Company, Telit, Microsoft Corporation, PTC, Hitachi Data Systems Corporation, Advantech Co., Ltd., and IBM Corporation and others.

Segmentation


















By Solution


By Industry


By Deployment


By Geography



  • Supervisory Control and Data Acquisition (SCADA)

  • Distributed Control System (DCS)

  • Manufacturing Execution System (MES)

  • Human–Machine Interface (HMI)

  • Product Lifecycle Management (PLM)

  • Others (Manufacturing Operation Management (MOM), Industrial Information Management (IIM)




  • Oil and Gas

  • Energy and Utilities

  • Chemicals

  • Food and Beverage

  • Mining and Metal       

  • Pulp and Paper

  • Pharmaceutical

  • Others




  • Public

  • Private

  • Hybrid




  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa and Rest of MEA)

  • South America (Brazil, Argentina and Rest of South America)



Key Industry Developments



  • In November 2021 - Amazon Web Services, Inc. partnered with Siemens AG to integrate AWS cloud services to support industrial enterprises accelerate digitalization in the cloud. Through this partnership, Siemens and AWS planned to boost the adoption of Siemens' Xcelerator portfolio, which includes automating processes, manufacturing insights, and deployment of connected services.

  • In July 2021 - Rockwell Automation, Inc. expanded industrial cloud software offerings with the acquisition of Plex Systems, the cloud-based manufacturing platform.  It accelerates digital transformation and enhances the visibility of end-to-end production systems through easy to deploy cloud-based solutions.





  • Ongoing
  • 2023
  • 2019-2022

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