Global Cloud Computing in Industrial IoT Market Report 2022-2027: Edge Computing is Dramatically Improving the Efficiency, Effectiveness and ROI for Industrial IoT Operations
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We see cloud computing in the IIoT market reaching $304.9 billion by 2028, combining infrastructure equipment and embedded solution, software application, and platform solution. The combined market will grow at 13.8% CAGR during the estimated period.
This report evaluates the technologies, players, and solutions relied upon for cloud computing in IIoT. The report analyzes the impact of SaaS, PaaS, and IaaS upon IIoT as well as cloud computing software, platforms, and infrastructure in support of edge computing.
The report also assesses market opportunities for cloud computing support of IIoT devices and the objects that will be monitored, actuated, and controlled through IoT-enabled processes. The report includes detailed forecasts for the global and regional outlook as well as by industry verticals, devices, and things from 2022 to 2027.
Cloud computing is moving beyond the consumer and enterprise markets into support for manufacturing and industrial automation of other industry verticals. The Industrial Internet of Things (IIoT) represents a substantial opportunity for both the centralized cloud "as a service" model for software, platforms, and infrastructure as well as distributed computing wherein IIoT edge computing will enable the ICT industry to leverage real-time processing and analytics.
IIoT Cloud Computing services include all types of cloud services delivered through the Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) model. IaaS forms the foundation of IoT systems that includes provision processing, storage, networks, and basic computational capabilities.
IaaS makes the deployment of other services such as PaaS, SaaS, and others. Customers do not control IaaS but they have unlimited access to servers, storage, and virtual data centers deployed in the cloud. PaaS enables cloud services to run, develop, and test applications on the device where the engineer's control over infrastructure is restricted. SaaS delivers solutions through a managed service provider managed model allowing users access to controlling applications over web browsers.
IIoT solutions cover streaming data and real-time analytics as a key value-added function for several industry verticals including healthcare, manufacturing, and transportation.
Select Report Findings:
- Representing 37% of the global market, North America will reach $93.8 billion by 2027
- Infrastructure as a Service will reach $124.3 billion globally by 2027, let by private networks
- Smart robots will represent a $2.13 billion opportunity by 2027, driven by factory automation
- Primarily in industrial and enterprise segments, connected things will reach $24.1 billion by 2027