Pune, India -- (SBWIRE) -- 08/16/2018 -- Cloud Based Storage to Promote Growth in the Cloud Computing In Industrial IoT Market Over 2018 to 2024

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

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 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 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 increase in demand for automation process.

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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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global cloud computing in industrial IOT market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cloud computing in industrial IOT market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the cloud computing in industrial IOT market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the cloud computing in industrial IOT market to understand the present and future trends in this market and formulate their strategies accordingly.

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