Cloud Manufacturing Market Overview:
Cloud manufacturing is the process of utilizing cloud to source relevant data from manufacturing resources. Technological advancements, across the world, are setting up the path for smooth integration of the cloud manufacturing market in myriad sectors.
The Cloud Manufacturing Market Analysis is all set to score a hike by 23% during the forecast period (2017-2023). Market Research Future (MRFR) predicts that the Surge in CAGR would be amply backed by various factors during the forecast period.
Integration of IoT, demand for easy workflow, surge in implementation of bring-your-own-device or BYOD system, stringent government regulations, cost affordability, easy streamlining of work, and others are major triggers for the cloud manufacturing market growth in the coming years. But the growth could get restrained due to the high initial investment.
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Cloud Manufacturing Market Competitive Landscape:
Companies spending substantially in the global cloud manufacturing market are Salesforce.com, Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.), Microsoft Corporation (U.S.), Citrix Systems, Inc. (U.S.), Plex Systems, Inc. (U.S.), Google LLC (U.S.), Rootstock Software (U.S.), Jelastic, Inc. (U.S.), Oracle Corporation (U.S.), Cisco Systems, Inc. (U.S.), Amazon.com Inc. (U.S.), VMware, Inc. (U.S.), DXC Technology (U.S.), and others. These companies have been enlisted in MRFR report for a better analysis of the market in the coming years. Their profiling includes merger, acquisition, product launch, and other strategic moves that took place recently.
Cloud Manufacturing Market Segmentation:
MRFR segments the global cloud manufacturing market in their report by component, organization size, deployment model, technology, and industry vertical. The segmentation particularly aims at unraveling of various factors that can trigger future market growth and it is backed by figures based on volume-wise and value-wise analysis of the market.
• Based on the component, the cloud manufacturing market can be segmented into hardware, software, and service. The service segment includes Platform-as-a-Service (PaaS), Software-as-Service (SaaS), and Infrastructure-as-a-Service (IaaS).
• Based on the organization, the cloud manufacturing market includes small & medium enterprises (SMEs) and large enterprises. The SME segment in developing countries is generating much thrust as they have realized the potential of cloud structure which can reduce cost and increase efficacy of the workflow.
• Based on the deployment model, the cloud manufacturing market incorporates private cloud, public cloud, and hybrid cloud. The hybrid cloud segment has much market penetration owing to its simple application process.
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Cloud Manufacturing Market Regional Analysis:
North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) are the four regions in which MRFR segmented the global cloud manufacturing market for insights. This geographic analysis would ensure a better understanding of various growth opportunities on a demographic scale.
North America has the maximum global cloud manufacturing market coverage as several market leaders function out of this zone. There are well-established research & development centers and simultaneously, the region spends much in IT & telecommunication, automotive, chemical and semiconductor & electronics industries to maintain the economic stature of the region.