The global Cloud Manufacturing Market is projected to thrive at a CAGR of 19.8% during the assessment period from 2019 to 2024.
According to the recent comprehensive research conducted by Market Research Future Reports (MRFR), The increasing adoption of IoT in manufacturing processes is projected to be one of the most pivotal factors driving the Cloud Manufacturing Industry Market 2020. Besides, the manufacturing industries across the world have been implementing cloud technology to manage their day-to-day operation efficiently.
The global cloud manufacturing market is predicted to reach a market value of USD 111.90 billion by the end of 2024. However, the challenged posed due to the outbreak of COVID-19 has resulted in a changing market landscape. The market has been studied efficiently with the long haul with projections in the MRFR reports. We will provide a report on the impact analysis of COVID-19 on the global cloud manufacturing market.
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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.
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.
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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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
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
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
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