Industrial cloud computing is a broad term for cloud technology used in asset-intensive industries such as manufacturing, telecommunications, mining, construction, waste and water management, and energy generation/distribution. The global Industrial Cloud Computing market is anticipated to witness significant growth in the forthcoming years due to increasing demand for the Internet of Things and rapid adoption of advanced technology across the world.
Moreover, the rising inclination of enterprises to depend on the internet for carrying daily tasks is boosting the growth of the market. As well, cloud computing helps in reducing the cost as well as provides enhanced services and products. It offers enhanced customer intimacy, which is considered to be crucial for any enterprise. These factors are expected to propel the growth of the Industrial Cloud Computing market.
Furthermore, other factors such as a surge in wireless networking technologies along with the rapid adoption of cloud platforms throughout the world are predicted to upward the demand for the market products. Industrial cloud computing offers various computing services such as servers, databases, analytics, software, networking, storage, and analytics. Furthermore, automatic software update, free capital expenditure, disaster recovery, security, and flexible nature of cloud computing is anticipated to increase the demand for Industrial Cloud Computing, which in turn boost the growth of the market.
On the other hand, the high initial cost required for setting up is one of the major factors hampering the market growth. Also, rising concerns regarding privacy and security of data are expected to deter the growth of the market.
Covid-19 Impact on Industrial Cloud Computing Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Industrial Cloud Computing Market Segment Overview
Based on service, the Software as a Service (SaaS) segment accounted for the maximum share of the market in 2020. The demand for SaaS can be attributed to its flexible costs and easy maintenance & deployment. The industry estimates suggest that there is a rise in the number of companies moving to the cloud, with 73% of enterprises moving most of their applications to the SaaS platform. According to deployment, the Private deployment segment accounted for the highest market share in 2020. Private cloud exclusively offers computing services over a private internal network or internet and is only provided to select users instead of the public. It provides several benefits to businesses, including scalability, self-service, and elasticity, along with additional customization and controls hosted over an on-premise computing infrastructure. In addition, private clouds also deliver a high level of privacy and security.
Industrial Cloud Computing Market, By Service
· Infrastructure as a Service (IaaS)
· Platform as a Service (PaaS)
· Software as a Service (SaaS)
Industrial Cloud Computing Market, By Deployment
· Public
· Private
· Hybrid
Industrial Cloud Computing Market, By Enterprise Size
· Large Enterprises
· Small & Medium Enterprises
Industrial Cloud Computing Market, By End-user
· BFSI
· IT & Telecom
· Retail & Consumer Goods
· Manufacturing
· Energy & Utilities
· Healthcare
· Media & Entertainment
· Government & Public Sector
· Others
Industrial Cloud Computing Market Regional Overview
On the basis of geography, North America is expected to hold the leading position during the forecast period owing to the rapid adoption of cloud-based technology and the presence of established players. Similarly, the Asia Pacific region is expected to have a major share of the Industrial Cloud Computing market. This is due to rapid industrialization coupled with an increase in small and medium-sized enterprises in this region.
Industrial Cloud Computing Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Industrial Cloud Computing Market, Key Players
· FUJITSU
· DXC Technology
· Druva Software
· IBM
· Honeywell International Inc.
· General Electric
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Industrial Cloud Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Service
- 5.2.1. Infrastructure as a Service (IaaS)
- 5.2.2. Platform as a Service (PaaS)
- 5.2.3. Software as a Service (SaaS)
- 5.3. Market Analysis, Insights and Forecast – By Deployment
- 5.3.1. Public
- 5.3.2. Private
- 5.3.3. Hybrid
- 5.4. Market Analysis, Insights and Forecast – By Enterprise Size
- 5.4.1. Large Enterprises
- 5.4.2. Small & Medium Enterprises
- 5.5. Market Analysis, Insights and Forecast – By End-user
- 5.5.1. BFSI
- 5.5.2. IT & Telecom
- 5.5.3. Retail & Consumer Goods
- 5.5.4. Manufacturing
- 5.5.5. Energy & Utilities
- 5.5.6. Healthcare
- 5.5.7. Media & Entertainment
- 5.5.8. Government & Public Sector
- 5.5.9. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Industrial Cloud Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Service
- 6.2.1. Infrastructure as a Service (IaaS)
- 6.2.2. Platform as a Service (PaaS)
- 6.2.3. Software as a Service (SaaS)
- 6.3. Market Analysis, Insights and Forecast – By Deployment
- 6.3.1. Public
- 6.3.2. Private
- 6.3.3. Hybrid
- 6.4. Market Analysis, Insights and Forecast – By Enterprise Size
- 6.4.1. Large Enterprises
- 6.4.2. Small & Medium Enterprises
- 6.5. Market Analysis, Insights and Forecast – By End-user
- 6.5.1. BFSI
- 6.5.2. IT & Telecom
- 6.5.3. Retail & Consumer Goods
- 6.5.4. Manufacturing
- 6.5.5. Energy & Utilities
- 6.5.6. Healthcare
- 6.5.7. Media & Entertainment
- 6.5.8. Government & Public Sector
- 6.5.9. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Industrial Cloud Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Service
- 7.2.1. Infrastructure as a Service (IaaS)
- 7.2.2. Platform as a Service (PaaS)
- 7.2.3. Software as a Service (SaaS)
- 7.3. Market Analysis, Insights and Forecast – By Deployment
- 7.3.1. Public
- 7.3.2. Private
- 7.3.3. Hybrid
- 7.4. Market Analysis, Insights and Forecast – By Enterprise Size
- 7.4.1. Large Enterprises
- 7.4.2. Small & Medium Enterprises
- 7.5. Market Analysis, Insights and Forecast – By End-user
- 7.5.1. BFSI
- 7.5.2. IT & Telecom
- 7.5.3. Retail & Consumer Goods
- 7.5.4. Manufacturing
- 7.5.5. Energy & Utilities
- 7.5.6. Healthcare
- 7.5.7. Media & Entertainment
- 7.5.8. Government & Public Sector
- 7.5.9. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Industrial Cloud Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Service
- 8.2.1. Infrastructure as a Service (IaaS)
- 8.2.2. Platform as a Service (PaaS)
- 8.2.3. Software as a Service (SaaS)
- 8.3. Market Analysis, Insights and Forecast – By Deployment
- 8.3.1. Public
- 8.3.2. Private
- 8.3.3. Hybrid
- 8.4. Market Analysis, Insights and Forecast – By Enterprise Size
- 8.4.1. Large Enterprises
- 8.4.2. Small & Medium Enterprises
- 8.5. Market Analysis, Insights and Forecast – By End-user
- 8.5.1. BFSI
- 8.5.2. IT & Telecom
- 8.5.3. Retail & Consumer Goods
- 8.5.4. Manufacturing
- 8.5.5. Energy & Utilities
- 8.5.6. Healthcare
- 8.5.7. Media & Entertainment
- 8.5.8. Government & Public Sector
- 8.5.9. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Industrial Cloud Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Service
- 9.2.1. Infrastructure as a Service (IaaS)
- 9.2.2. Platform as a Service (PaaS)
- 9.2.3. Software as a Service (SaaS)
- 9.3. Market Analysis, Insights and Forecast – By Deployment
- 9.3.1. Public
- 9.3.2. Private
- 9.3.3. Hybrid
- 9.4. Market Analysis, Insights and Forecast – By Enterprise Size
- 9.4.1. Large Enterprises
- 9.4.2. Small & Medium Enterprises
- 9.5. Market Analysis, Insights and Forecast – By End-user
- 9.5.1. BFSI
- 9.5.2. IT & Telecom
- 9.5.3. Retail & Consumer Goods
- 9.5.4. Manufacturing
- 9.5.5. Energy & Utilities
- 9.5.6. Healthcare
- 9.5.7. Media & Entertainment
- 9.5.8. Government & Public Sector
- 9.5.9. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. FUJITSU
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. DXC Technology
- 10.6. Druva Software
- 10.7. IBM
- 10.8. Honeywell International Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
