The global construction industry experienced a 33% drop in company filings mentions of cloud in Q2 2023 compared with the previous quarter, with the highest share accounted for by CNH Industrial with 29% year-on-year decrease, according to GlobalData’s analysis of over 267 construction company filings. The growing application of Cloud will prove to have a transformative impact on several sectors. GlobalData’s Cloud Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Cloud, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, cloud was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of 3d printing and batteries, according to GlobalData.
Of the top leading companies in the construction industry, CNH Industrial had the greatest increase in references for cloud in Q2 2023, compared with the previous quarter. GlobalData identified five cloud-related sentences in the company's filings - 0.1% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. 3M’s mentions of cloud rose by 100% to 3.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q2 2023 was 109.
To further understand GlobalData's analysis on Cloud Computing Market Size, Share, Trends, Analysis and Forecast by IT Infrastructure, Products and Services (Cloud Management Platforms, IaaS, SaaS, PaaS, Hybrid, Managed and Private Cloud Services), Region and Vertical, 2022-2026, buy the report here.