The global cloud manufacturing market is predicted to register 23% CAGR during the forecast period (2017-2023) owing to the augmenting need for IoT technology, asserts Market Research Future (MRFR). Cloud manufacturing is referred to as the procedure of using the data from well-established manufacturing resources like the Enterprise Resource Planning (ERP) via the cloud.
It enables the users by managing an entire Cloud Manufacturing Market process right from the designing stage to production and maintenance. The manufacturing process can be executed with the help of several cloud solutions such as virtualization, computing, and the internet of things (IoT).
The prominent players operating the global cloud manufacturing market are Citrix Systems Inc. (U.S.), Oracle Corporation (U.S.)., Hewlett Packard Enterprise Company (U.S.), and Salesforce.com Inc. (U.S.).
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Drivers and Constraints Impacting the Market:
Cloud manufacturing services help to enhance enterprise business operation by reducing the cost of IT infrastructure. It also helps to offer strong security besides improving and maintaining the quality of data. Cloud-based solutions also help the enterprises to focus on their core business competencies. Such factors are highly contributing to the market growth during the assessment period.
With the augmenting need for IoT technology both in internal as well as external manufacturing firms, expansion of professional as well as managed services, need for advanced cloud services, and growing awareness regarding cost-effective cloud services are considered some of the major factors propelling the market growth globally. Additional factors gearing up the market growth include rapid deployment of cloud-based solutions, strict government norms related to any new developments in the industry, and growth in the BYOD trend. Moreover, with the rising adoption of smart connected devices in enterprise mobile technology and manufacturing industries, the market is estimated to flourish.
On the flip side, the high initial investment of cloud manufacturing solutions coupled with the lack of awareness are some of the major concerns likely to impede the market growth throughout the forecast period.
Cloud Manufacturing Market Segmental Analysis:
The global cloud manufacturing market has been segmented on the basis of technology, component, organization size, deployment model, and industry vertical.
- By mode of component, the global cloud manufacturing market has been segmented into software, hardware, and service.
- By mode of technology, the global cloud manufacturing market has been segmented into AM, active server pages (ASP), Mgrid, NM, internet of things (IoT), virtualization, cloud computing, and others.
- By mode of deployment, 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 small & medium enterprises and large enterprises.
- By mode of industry vertical, the global cloud manufacturing market has been segmented into IT & telecommunication, BFSI, healthcare, manufacturing, aerospace and defense, retail & e-commerce, chemical, oil and gas, and food & beverages.
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Geographically, the cloud manufacturing market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North American region is considered to occupy the largest market share and is likely to retain its dominance throughout the appraisal period. The growth is credited to the presence of well-established market players, and major research & development center. Additionally, the high investment in IT & telecommunication, chemical, automotive, and semiconductor & electronics industry is further considered to contribute to the market growth.
The Asia Pacific region is anticipated to be the fastest growing region in the cloud manufacturing market owing to the augmenting adoption of cloud-based services. Moreover, the need for advanced automation process is influencing the market growth to a great extent.
January 15, 2019: A leading cloud manufacturing solutions provider, 42Q has been recently honored with a Firestarter Award from the industry analyst firm 451 Research. The 451 Firestarter Award has recognized 42Q’s innovation with its cloud-based Manufacturing Execution System. It provides advantages in both cost relative to legacy as well as the speed of deployment, on-premise solutions.
- Technology Investors
- Research/Consultancy Firms
- Software Providers
- System Integrators
- Independent software vendors
- Consulting firms
- Cloud service providers
Table of Contents
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
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List of Tables
Table 1 Global Cloud Manufacturing Market: By Region, 2017-2023
Table 2 North America Cloud Manufacturing Market: By Country, 2017-2023
Table 3 Europe Cloud Manufacturing Market: By Country, 2017-2023
List of Figures
Figure 1 Global Cloud Manufacturing Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Cloud Manufacturing Market
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