Global Industrial Access Platforms Market: Introduction
Industrial access platforms enable Industrial IoT edge software platforms to perform tasks such as device management, application development, enablement, and execution, hardware/software virtualization, and/or container orchestration. The platform provides integration of machine processes, assets, physical devices, and applications with internet enabled architecture.
Global Industrial Access Platforms Market – Dynamics
Positive Shift toward Industrial Automation through Industry 4.0 driving Growth of the Industrial Access Platforms Market
The primary focus of Industry 4.0 is availability of all relevant information in real-time by connecting all the components which are involved in the value chain process. This has increased investment across the globe specific to industrial automation, which is driving the demand for industrial access platforms that provide an architecture to monitor, run, and control the value chain components within an organization in real-time.
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COVID-19 Impact on the Global Industrial Access Platforms Market
The COVID-19 pandemic is expected to moderately impact the global industrial access platforms market. Lockdown in various nations and hold on production as well as movement of non-essential goods across the globe has impacted new technology investment and increased the risk of new capital investment. COVID-19 has also made stakeholders within SMEs more skeptical in terms of new major technology improvement enhancement within the manufacturing industry.
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North America to Dominate the Global Industrial Access Platforms Market
In terms of region, the global industrial access platforms market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the industrial access platforms market during the forecast period due to strong adoption of Industrial Internet of Things (IoT) Edge Software Platforms across different organizations.
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