Market Research Future (MRFR) has published a cooked research report on the “Cloud Manufacturing Market” that contains information from 2024 to 2032. The Cloud Manufacturing Market is estimated to register a CAGR of 14.4% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Cloud Manufacturing Market— Plex Systems, Inc., Oracle, Google, Microsoft, Salesforce, Inc., Amazon Web Services, Inc., VMware, Inc., Hewlett Packard Enterprise Development LP, Citrix Systems, Inc., DXC Technology Company
Market Highlights
The global Cloud Manufacturing Market is accounted to register a CAGR of 14.4% during the forecast period and is estimated to reach USD 211.7 Billion by 2032.
The cloud manufacturing market refers to the use of cloud computing technologies and services in the manufacturing industry. It involves the integration of manufacturing resources and capabilities with cloud-based software platforms, allowing manufacturers to access and leverage a range of digital tools and services.
Segment Analysis
The global Cloud Manufacturing Market has been segmented based Information, deployment, and end- user.
Based on the Information, the global Cloud Manufacturing market segmentation includes Hardware, Software, and Services. The software segment dominated the market because it provides robust data management and analytics capabilities for manufacturing companies. It allows them to collect, store, and analyze large volumes of manufacturing data from multiple sources in real time. Advanced analytics tools and machine learning algorithms empower manufacturers with valuable insights to optimize production efficiency, ensure quality control, predict maintenance needs, and optimize the supply chain.
Based on Deployment, the global Cloud Manufacturing market segmentation includes Private Cloud, Public Cloud, and Hybrid Cloud. The hybrid cloud segment dominated the market because it offers a balance between the security and control of private clouds and the scalability and cost-effectiveness of public clouds. Manufacturers can leverage the private cloud for sensitive and critical data and applications while utilizing the public cloud for non-sensitive workloads or to handle peak demand. This flexibility and scalability make hybrid cloud deployment a popular choice for manufacturers.
The global Cloud Manufacturing market segmentation, based on Industry, includes Aerospace & Defense, Healthcare, Semiconductor Electronics, Automotive, and Metal & Machinery Manufacturing. The Aerospace & Defense segment dominated the market due to the necessary capabilities to streamline operations, manage intricate supply chains, and comply with stringent regulatory requirements. The Industry benefits from the scalability, collaboration, and data management features cloud computing offers.
Regional Analysis
The global Cloud Manufacturing Market, based on region, has been divided into North America, Latin America, Europe, and Middle East and Africa. The North American Cloud Manufacturing market will dominate this market due to the presence of important industry participants such as Amazon.com, Inc., Google, Oracle, and SalesForce. Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe's Cloud Manufacturing accounts for the second-largest market share due to adopting cloud-based manufacturing techniques. Further, the German Cloud Manufacturing market held the largest market share, and the UK Cloud Manufacturing market was the fastest-growing market in the European Region.
The Asia-Pacific Cloud Manufacturing Market is expected to grow fastest from 2023 to 2032. This is due to data security remaining one factor, as many organizations have more faith in internal data centers. Moreover, China’s Cloud Manufacturing market held the largest market share, and the Indian Cloud Manufacturing market was the fastest-growing market in the Asia-Pacific region.
Key Findings of the Study
- The global Cloud Manufacturing Market is expected to reach USD 207.59 Billion by 2030, at a CAGR of 16.11% during the forecast period.
- The Asia-Pacific Cloud Manufacturing Market is expected to grow fastest from 2023 to 2032. This is due to data security remaining one factor, as many organizations have more faith in internal data centers.
- Based on the Information, the global Cloud Manufacturing market segmentation includes Hardware, Software, and Services. The software segment dominated the market because it provides robust data management and analytics capabilities for manufacturing companies.
- Plex Systems, Inc., Oracle, Google, Microsoft, Salesforce, Inc., Amazon Web Services, Inc., VMware, Inc., Hewlett Packard Enterprise Development LP, Citrix Systems, Inc., DXC Technology Company
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Companies Covered | 15 |
Pages | 191 |
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