Top Strategic Technology Trends: Industry Cloud Platforms

Analysts: Gregor Petri, Yefim Natis, Wataru Katsurashima, James Ingham, Andrew Meyer

The market for industry cloud platforms (ICP)  is expected to  grow at a compound annual rate of  17% from 2022 to 2027, reaching $260.9 billion by 2027. This market will combine SaaS, PaaS and IaaS with vertical-specific capabilities.

Infrastructure and IT Operations Executives responsible for cloud and edge investments in vertical industries must: 

• Formulate a strategy for deploying ICP capabilities as offered to optimize existing processes
• Build composability skills and fusion teams, to create enterprisewide support for the ICP journey. 
• Use ICPs to expand the organization’s existing portfolio with new capabilities that add significant value.

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