High Needs for Advanced Cloud Service to Augment the Global Cloud Manufacturing Market During the Forecast Period

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Cloud Manufacturing Market Research Report

Market Scenario

The global cloud manufacturing market is presumed to register 23 % CAGR during the forecast period (2017-2023) owing to the increasing need for IoT technology in internal and external manufacturing firms. Cloud manufacturing refers to the procedure of using data from well-established manufacturing resources like Enterprise Resource Planning via cloud. Cloud manufacturing service enhances enterprise business operation by reducing the cost associated with IT infrastructure. It maintains and improves the quality of data and offers strong security.

Drivers and Constraints Impacting the Market

The cloud manufacturing market is estimated to register rapid growth rate globally during the review period. With the rising need for IoT technology in internal and external manufacturing firms, growing expansion of managed and professional services, requirement for advanced cloud service, and growing awareness about cost-effective cloud services, the global market for advanced cloud service is likely to prosper. Moreover, development of cloud-based solutions, stringent government mandates associated with developments in the manufacturing industry, and growth in the BYOD trend are further driving the market.

On the flip side, lack of awareness regarding cloud manufacturing and high initial investment are some of the major factors likely to retard the market growth globally in the coming years.

Global Cloud Manufacturing Market: Segmental Analysis

The global cloud manufacturing market has been segmented on the basis of technology, component, organization size, deployment model, industry vertical, region and others.

By mode of component, the global cloud manufacturing market has been segmented into software, hardware, and service. Among these, the service segment has been further sub-segmented into Platform-as-a-Service, Infrastructure-as-a-Service, and Software-as-a-Service.

By mode of technology, the global cloud manufacturing market has been segmented into AM, virtualization, Internet of Things (IoT), Mgrid, cloud computing, Active Server Pages (ASP), NM, and others.

By mode of deployment model, the global cloud manufacturing market has been segmented into public cloud, private cloud, and hybrid cloud.

By mode of organization size, the global cloud manufacturing market has been segmented into large enterprises and small & medium enterprises.

By mode of industry vertical, the global cloud manufacturing market has been segmented into aerospace and defense, BFSI, chemical, IT & telecommunication, oil and gas, manufacturing, food & beverages, healthcare, and retail & e-commerce.

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Regional Insights

Geographically, the cloud manufacturing market spans across regions namely Asia Pacific, Europe, North America, and Rest-of-the-World.

Among all the regions, North America is presumed to lead the global market and is anticipated to maintain its dominance during the review period. The growth is attributed to the high adoption of advanced technologies, proficient technical knowledge, and high investment in industries such as automotive, electronics, chemical, and semiconductor.

The Asia Pacific region is also expected to showcase potential growth rate owing to the increasing spending on IT infrastructure, increasing cloud-based application, and growing demand for automation.

Industry News

China North Industries Corporation, Norinco has recently introduced a cloud manufacturing system which supports its production of military equipment. Norinco said the networking initiative allows upstream and downstream manufacturing integration with suppliers and collaborative research along with resource sharing and development activities.

Competitive Dashboard

The major players operating the global market are Plex Systems Inc. (U.S.), VMware Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.), Salesforce.com Inc. (U.S.), Cisco Systems Inc. (U.S.), DXC Technology (U.S.), Oracle Corporation (U.S.), Rootstock Software (U.S.), Citrix Systems Inc. (U.S.), Microsoft Corporation (U.S.), Amazon.com Inc. (U.S.), Google LLC (U.S.), Jelastic Inc. (U.S.), and others.