Industrial Cloud Application Platforms with Internet of Things

The Industrial Cloud Application Platforms with Internet of Things market research study covers industrial cloud application platforms with IoT functionality, focusing on solutions supporting operational processes and personnel.  The study delivers current market analysis plus a five-year market and technology forecast.  The study is available in multiple editions including worldwide, all regions, and most major countries.  

Cloud Application Platforms: Tools for Business Agility

Cloud platforms are appearing in the solution portfolios of many industrial and smart city software and automation suppliers.  Together with machine learning and artificial intelligence, modern cloud-based application development and runtime platforms are changing the industrial software marketplace.  Organizations cannot remain on older platforms and still compete effectively.

Companies that use tools like cloud platforms simply have more technological firepower to confront both competitive disruption as well as unforeseen market circumstances.  It seems reasonable to expect that most organizations would have the needed skills, particularly IT-related, to use these solutions.  That is not the case for most companies.

Growth for cloud platforms will be uneven, as adoption tends to rely heavily on an individual company’s business, work culture, and technology sophistication.  COVID-19 is likely to have an adoption tipping point effect for the adoption of many digital solutions underpinned by cloud platforms.

North America is currently the clear leader in investment for cloud applications and industrial IoT, followed by Europe and Asia.

Cloud Application Platforms with IoT Strategic Issues

In addition to providing a five-year market forecast, the Cloud Applications Platform with IoT market research provides detailed quantitative current market data and addresses key strategic issues, such as:

Disruption Highlights Value Potential of Modern Platforms

COVID-19 is likely to have a tipping point effect for the adoption of numerous operationally-focused digital technologies.  In addition to the need for solutions to remotely monitor and control equipment and processes, digital twins, data visualization, and analytics are also likely to experience a surge in adoption.  Many key subject matter experts are also likely to remain working remotely, perhaps permanently, and companies will adjust workforce size.  Companies with strong innovation backbones, both organizationally and technologically, are separating themselves from the pack.  The COVID-19 pandemic is accelerating that gap.

Applications Surge to the Front

Many providers that initially leaned on PaaS models for industry have downplayed their platforms as standalone solutions, opting to instead promote outcome-based applications.  For users, the value is more readily tangible and enables both managed and rapid innovation.  Applications provide the first step: understandable starting points.  Platforms then logically follow, enabling users to extend app value and build their own as they become more digitally comfortable.  With applications and managed services, users can focus on core competencies while limiting cost and process complexity.

Self-service Cuts Both Ways

Self-service applications, increasingly important components of platforms, cut both ways.  On the value side, these capabilities provide adoption-friendly means for involving a company’s most valuable subject matter experts.  In terms of risk, these tools create a propensity for shadow IT, particularly for those organizations that don’t have a shared vision for converged information technology (IT), operational technology (OT), and engineering technology (ET).