Rising adoption of cloud platform and increase in wireless networking technologies are the prime factors driving the growth of the cloud computing in industrial IoT market. Additionally, cloud-based storage provides remote database to save the data files rather keeping on hard drive or local storage devices. This in turn is fuelling the growth of the cloud computing in industrial IoT market. On the other hand, cloud computing reduces the expenses of buying hardware, requires low set-up cost & running on-site data centers is anticipated to boost the cloud computing in industrial IoT market. However, rising concerns regarding security, privacy and rising number of cyber-attacks activities are the factors expected to hinder the growth of the cloud computing in industrial IoT market over the forecast period. Furthermore, Industrial internet of things represents significant opportunity for centralized cloud as well as distributed computing often referred to as fog computing.
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Asia Pacific region to contribute to growth in the global Cloud Computing in Industrial IoT market over the upcoming years
The Asia Pacific holds the largest market share in global cloud computing in industrial IoT market followed by North America. Miss. Pooja Baragale a research analyst at Infinium Global Research quoted that, high investments in technological advancement and developing industrial sector coupled with an augmented adoption rate of IoT is anticipated to boost the cloud computing for industrial IoT market in the Asia Pacific regions. Pooja Baragale further stated that, North America holds the second largest position in the global industrial IoT market owing to the willingness to invest in the automation process in the North American region. On the other hand, Brazil is anticipated to dominate the Latin America cloud computing market due to the developing IT sector in the country and an increase in demand for the automation process.
Infinium Global Research has produced a new premium report Cloud Computing in Industrial IOT Market. The report covers the analysis of global as well as regional markets of Cloud Computing in Industrial IOT. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Cloud Computing in Industrial IOT Market by sensor type (pressure sensors, optical sensors, proximity sensor and temperature sensors), model (software as a service, infrastructure as a service and platform as a service), cloud type (private, public and hybrid) and end user (transportation, energy, oil and gas, healthcare, manufacturing and others) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the Cloud Computing in Industrial IOT Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Cloud Computing in Industrial IOT Market are Microsoft Corporation, LosantIOT, Inc., IROOTECH, Intel Corporation, IBM, Honeywell International Inc., FUJITSU, CISCO, Amazon Web Services, Inc. and Iron Mountain Incorporated.
New product launches to drive the growth in the Cloud Computing in Industrial IoT market
“Honeywell Launches Maxpro® Cloud Integrated Security Platform in Europe Designed Specifically For SMB Customers”
Feb 2018- Honeywell inc. launched MAXPRO cloud integrated security platform designed especially for small to medium-sized business. The platform allows small-to-medium business owners to efficiently operate and access data from their access, intrusion and video systems.
The prominent players in the cloud computing industrial IoT are Amazon Web Services, Inc., Asigra Inc., Microsoft Azure., CISCO, Cumulocity GmBH, Druva Software, DXC Technology Company, FUJITSU, General Electric, Honeywell International Inc., IBM, and Intel Corporation.
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