Industrial Cloud Platform Market Strong Industry Growth, Demand, Emerging Trends and Forecast 2022
The Industrial Cloud Platform Market is expected to grow at a CAGR of 31.05% to reach USD 747.1 Million by 2022. Factors such as increased focus on efficiency and cost of production and advancement in cloud computing technology are driving the growth of the Factory Automation Platform as a Service. The electric power generation industry is expected to grow at a higher rate in terms of market size The market for the electric power generation industry is expected to grow at the highest rate between 2016 and 2022 owing to the adoption of new technologies such as big data, Internet of Things (IoT), and cloud computing among others to reduce the production cost and improve the connectivity. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237673740 Distributed control system (DCS) to dominate the FA PaaS market during the forecast period The distributed control system (DCS) held the largest market size during the forecast period because of the need to