Houston, TX -- (SBWIRE) -- 01/19/2019 -- Industrial cloud platform along with IoT functionality delivers a modern method for deploying and developing software applications. This modern method is replacing the older server model in which large complex applications were created and run. As more companies are accepting the modern platform approach, the pace of the changeover is growing.

Global Industrial Cloud Platform Market is expected to grow at a CAGR of +30% during the forecast period 2019-2024

The capability of the cloud computing to automate the manufacturing method in the industry with the help of IoT, big data and analytics have expanded the adoption rates of the industrial cloud platform in the industrial sector. A huge amount of structured and unstructured data which is created by the heavy equipment and production machinery is managed with the help of cloud-based industrial software in the industrial cloud platform market

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Company profiled in this report:
Siemens AG (Germany), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Telit (U.K.), Microsoft (U.S.), PTC (U.S.), Hitachi Data Systems Corporation (Japan), Advantech Co., Ltd. (Taiwan), and IBM (U.S.)

Industrial Cloud Platform Market report delivers an in-depth view, which provides an overview of the business players entering this competitive landscape. It also provides a solid foundation for readers looking forward to expanding their competitive position. As the market grows, manufacturers recognize the need to introduce better and more innovative products to keep pace with their competitors

Industrial cloud platform market for factory automation, on the basis of expert service, has been segmented into consulting and planning, system integration and training, and maintenance. The market for consulting and planning service is anticipated to raise at the highest CAGR throughout the forecast period.

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The report focuses on several regions, such as North America, Latin America, Japan, China, and India to forecast the scope on the basis of numerous clients. This report is curated to give effective data to the retailers of Industrial Cloud Platform market. Thus, a resourceful data is maintained, to give correct directions to the industries for their growth.

It gives a detailed description of drivers and opportunities in Industrial Cloud Platform market that helps the consumers and potential customers to get a clear vision and take effective decisions. Different analysis models are used to discover the desired data of the target market. For better understanding of the domestic and global framework, different attributes, such as working methodology, scope, future prediction, recent trends, investments, and profit are considered.

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