Market Study Tracks Adoption of Cloud Application Platforms and Impact on Industrial Innovation

  • July 19, 2020
  • News
Market Study Tracks Adoption of Cloud Application Platforms and Impact on Industrial Innovation
Market Study Tracks Adoption of Cloud Application Platforms and Impact on Industrial Innovation

Dedham, Mass. - July 20, 2020 - New ARC Advisory Group research on the global Industrial Cloud Application Platforms with IoT market reveals the criticality of applying modern software methods for industrial innovation. Microservices-based software is a core concept of modern cloud application platforms, which are designed with opportunistic (and rapid) business/operational change as a key user benefit. Platforms and their supporting digital technologies, such as the industrial internet of things (IIoT), machine learning, and digital twins, are likely growing into an adoption tipping point, accelerated by the vast disruption caused by the COVID-19 pandemic.

“Companies that use tools like cloud platforms simply have more technological firepower available to confront both competitive disruption and unforeseen market circumstances,” indicated Michael Guilfoyle, Vice President, Consulting at ARC Advisory Group and key author of ARC’s Industrial Cloud Application Platforms with Internet of Things Global Market Research report. He added, “However, there are many ways these solutions are being packaged, priced, and offered, from pure Platform-as-a-Service (PaaS) to outcome-based applications, now more common in industrial markets. Making sense of the emerging platforms market is no easy task.” 

About the Cloud Application Platforms with IoT Research

This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the Cloud Application Platforms with IoT market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, revenue category, industry, deployment model, sales channel, and customers.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast.  This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
  • Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.  The PDF is available with or without detailed charts.

For more information on this and other available ARC Advisory Group market research, please visit Market Data & Studies.

About ARC Advisory Group

ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure, and smart cities.  ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.

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