Cloud Manufacturing Market, Segment Research Study Report, Revenue, Regions and Top Key Players Analysis Business Trends, Global Segments by Forecast 2027
Market Scenario:
As
per the prediction, the Cloud
Manufacturing Market generated a
revenue of USD 50.66 billion in 2020 and will reach a market value of USD
207.59 Billion by 2030, growing at a CAGR of 16.11%. The North American region
has accounted for 37.2% of the market share in the cloud manufacturing market
in 2020 due to the presence of key market players such as Amazon.com, Inc.,
Google, Oracle, and others like SalesForce. The manufacturing industries,
including automotive and aerospace & defense, have shown increased demand
for cloud-based manufacturing systems, positively impacting market growth in
the region.
With the WFH norms
implemented to safeguard employee health and other necessary concerns, there is
a considerable increment in the demand for association with
Software-as-a-service (SaaS). In the Microsoft platform itself, the number of
users has grown to almost 44 million worldwide because of the need for such
collaborative stable solutions. Only the solutions related to video
conferencing have increased over 300% based on the data gathered across
approximately 150 nations. There are several other tools such as hangouts,
Webex, Zoom, WeChat Work, etc.
Cloud
Computing is one kind of service delivery model for the Information Technology
industry. It allows third-party manufacturers and similar service providers to offer
several IT-related resources and software-related tools over the world web. The
technological model is that any user needs to make the payment only for
computing devices, amount of storage, and consumed bandwidth level. There are
various advantages of Cloud computing related to the deployment, the cost
involved, mobility support functions, different disaster recovery preparedness,
and methods. It also helps reduce the burden on the employees of the
organization as well.
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Segmentation:
On
the grounds of component, the worldwide cloud manufacturing market can be
distinguished into hardware, software, and services. On the grounds of industry
vertical, the worldwide cloud manufacturing market can be distinguished into
healthcare, aerospace and defence, semiconductor electronics, metal &,
machinery manufacturing, automotive, and others. On the grounds of deployment,
the worldwide cloud manufacturing market can be distinguished into the public
cloud, private cloud, and hybrid cloud. On the grounds of organization size,
the worldwide cloud manufacturing market can be distinguished into large
enterprises and small and medium-sized enterprises. On the grounds of the
region, the worldwide cloud manufacturing market can be distinguished
into
North America, Europe, Asia-Pacific, the Middle East and Africa, and South
America.
Regional
Analysis:
region.
Also, the region is adopting the IoT at a fast pace which plays an essential
role in
growing
the market. Besides, the fast digitization in the region is a pivotal cause of
market
expansion
in the region.
The
geographical evaluation of North America, Europe, Asia-Pacific, Middle East and
Africa, and South America has been conducted. As per the evaluation, North
America is projected to
dominate
the worldwide market. North America
dominates the market owing to the presence of established players in the
Europe
is expanding significantly due to the adoption of cloud-based manufacturing
techniques
in
the region. The enterprises in the UK are taking initiatives to implement the
cloud-first
technique,
which is estimated to grow the regional market. The APAC region is predicted to
expand significantly due to the presence of developing nations such as India,
China, and Japan. The market in the APAC region is projected to expand
significantly during the assessment period.
The established
organization of the worldwide cloud manufacturing market are DXC Technology
Company, Oracle Corporation, Microsoft Corporation, Salesforce.com, Inc.,
Amazon Web Services, Inc. (AWS), Cisco Systems, Inc., VMware, Inc., Hewlett
Packard Enterprise Company, Google LLC, Citrix Systems, Inc., Jelastic, Inc.,
Plex Systems Inc., and Rootstock Software.
Industry News:
The global Cloud
Manufacturing Market Trends has been affected due to the lockdown across the
regions. This pandemic situation has hampered the Cloud Manufacturing Market
Growth as well as its productivity, supply chain, and others. Moreover, the
global market has lost its investors due to the increasing loss for the
products, supply, transportation, workforce, and others. However, in the
meantime, the key market players have implied various strategic techniques to
boost global market growth. Thus, to meet the global market demands, the global
market increased its speed in producing more valuable products for its intended
customers. Recently, the global market has stabilized its position in the
global market and is expected to register a higher Cloud Manufacturing Market
Size for the forecast period.
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1 Executive
Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
LIST OF TABLES
TABLE
1 MARKET SYNOPSIS 17
TABLE
2 GLOBAL CLOUD MANUFACTURING, BY COMPONENT, 2020–2027 (USD BILLION) 39
TABLE
3 GLOBAL CLOUD MANUFACTURING MARKET, BY DEPLOYMENT, 2020–2027 (USD BILLION) 41
Continued….
LIST OF FIGURES
FIGURE
1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL CLOUD MANUFACTURING MARKET 17
FIGURE
2 GLOBAL CLOUD MANUFACTURING MARKET: MARKET STRUCTURE 18
FIGURE
3 BOTTOM-UP AND TOP-DOWN APPROACHES 23
Continued….
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