Cloud Manufacturing Market Research Report - Global Forecast till 2027

Global Cloud Manufacturing Market Research Report: Information By Component (Hardware, Software, and Services), Deployment (Private Cloud, Public Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), Industry Vertical (Aerospace & Defense, Healthcare, Semiconductor Electronics, Automotive, Metal & Machinery Manufacturing, and Others), and Region (North America, Asia-Pacific, Europe, Middle East & Africa, and South America) - Forecast till 2027

ID: MRFR/ICT/4546-CR | November 2020 | Region: Global | 195 pages

Market Snapshot


Global Manufacturing Industry is increasingly using the cloud for managing the day-to-day processes from the designing stage to production and maintenance. The rising adoption of IoT in manufacturing processes has prompted manufacturers to move to cloud-based management platforms, such as ERP systems. Large enterprises dominate a significant portion of the global cloud manufacturing market. The development of technologies such as cloud computing, virtualization, and the Internet of things (IoT) has positively impacted the growth of the cloud manufacturing market. Cloud-based manufacturing offers manufacturers several benefits such as increased productivity and reduced costs.


In 2018, the global cloud manufacturing market generated a revenue of USD 38.72 billion; it is expected to reach a value of USD 121.72 billion by 2026 growing at a CAGR of 15.7%. North America accounted for 38% of the market share in the cloud manufacturing market in 2018 owing to the presence of key market players such as Amazon.com, Inc., Google, Oracle, and SalesForce. The growing adoption of cloud across multiple verticals in the manufacturing industry in the US is driving market growth in the region. Manufacturing industries, including automotive and aerospace & defense, have shown increased demand for cloud-based manufacturing systems, which has positively impacted market growth in the region


According to MRFR analysis, Microsoft Corporation is currently leading the global cloud manufacturing market in the market share. Microsoft Corporation offers various products and solutions for cloud-based manufacturing, including Azure IoT for Process Manufacturing, Connected Field Services, Predictive Maintenance, Connected Factory, and Azure IoT Edge. Microsoft focuses on developing its products and solution suite with enhanced features as per the industry needs, which increases customer satisfaction. The company also emphasizes collaborating with major manufacturing giants such as the BMW Group to launch a cloud-based platform to share smart factory solutions across the manufacturing and automotive sectors, expanding its consumer base and maintaining its leading position in the global cloud manufacturing market


Synopsis


Global Cloud Manufacturing Market is segmented based on Component, Deployment, Organization Size, and Industry Vertical.



  • Based on component, the cloud manufacturing market has been segmented into hardware, software, and services.

  • Based on deployment, the cloud manufacturing market has been segmented into private cloud, public cloud, and hybrid cloud.

  • Based on organization size, the cloud manufacturing market has been divided into large enterprises and small and medium-sized enterprises.

  • Based on Industry Vertical, the cloud manufacturing market has been segmented into aerospace & defense, healthcare, semiconductor electronics, automotive, metal & machinery manufacturing, and others.


Regional Analysis


Geographically, the Global Cloud Manufacturing Market has been segmented into the Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.


North America was leading the Cloud manufacturing market in 2018. Asia-Pacific is expected to be the fastest-growing market from 2018 to 2026, whereas Europe is expected to be at the second spot in the Cloud manufacturing market in terms of market share during the assessment period


Companies Covered


The key players of the global cloud manufacturing market include Oracle Corporation (US), Microsoft Corporation (US), Salesforce.com, Inc. (US), Cisco Systems, Inc. (US), Amazon Web Services, Inc. (AWS) (US), VMware, Inc. (US), Google LLC (US), Hewlett Packard Enterprise Company (US), Citrix Systems, Inc. (US), Plex Systems Inc. (US), Jelastic, Inc. (US), Rootstock Software (US), and DXC Technology Company (US).


Key Developments



  • In July 2020, Amazon Web Services, along with Volkswagen AG and Siemens AG, announced the launch of industrial cloud services for technology and manufacturing companies. The partner companies are expected to connect with Volkswagen plants and provide their software applications for enhancing production processes to the industrial cloud

  • In May 2020, VMware, Inc. announced the second generation of VMware Cloud, which is available on Dell EMC. The introduced cloud service combines the agility and simplicity of the public cloud with the control and security of the enterprise-grade on-premise infrastructure. It also provides scalable, secure, and simple infrastructure-as-a-service to customers’ edge locations and on-premises data centers.

  • In September 2020, Rootstock entered into a partnership with DigiPartnerIT, a consulting company specializing in IT digitalization. The companies have partnered to meet the increasing demand for cloud ERP in Finland.

  • In September 2019, Rootstock entered into a partnership with HDCS (Heavy Duty Consulting Services), business solutions, and IT consulting firm. The partnership is aimed to support, integrate, and implement Rootstock Cloud ERP for customers in Japan.

  • In August 2019, DXC Technology Company entered into a partnership agreement with Google Cloud, a suite of cloud computing services. The companies have partnered to allow the clientele to integrate the digital solutions and modernize IT solutions on Google Cloud Platform. DXC Technology company is also introducing a Google Cloud Artificial Intelligence and Google Cloud Platform Center of Excellence with this partnership to offer clients scalable, agile, and secure cloud-based digital platforms.


Key Questions Addressed by the Report



  • What was the historic market size (2019)?

  • Which segmentations (Component/Deployment/Organization Size/Industry Vertical) are driving the market?

  • What will be the growth rate by 2026?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 38.72 Billion (2018)
  • USD 121.72 Billion (2026)
  •   CAGR   15.7% (2018-2026)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Component, Deployment
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Oracle Corporation (US), Microsoft Corporation (US), Salesforce.com, Inc. (US), Cisco Systems, Inc. (US), Amazon Web Services, Inc. (AWS) (US), VMware, Inc. (US), Google LLC (US), Hewlett Packard Enterprise Company (US), Citrix Systems, Inc. (US), Plex Systems Inc. (US), Jelastic, Inc. (US), Rootstock Software (US), and DXC Technology Company (US).
      Key Market Opportunities   The growing adoption of cloud across multiple verticals in the manufacturing industry in the US is driving market growth in the region.
      Key Market Drivers   The availability of high-tech encryption solutions can prompt the cloud manufacturing market expansion.


    Frequently Asked Questions (FAQ) :


    The cloud manufacturing market can thrive at 19.8% CAGR by 2024.

    The cloud manufacturing market can value at USD 111.90 Bn by 2024.

    Plex Systems Inc., Rootstock Software, Jelastic, Inc., and DXC Technology Company are some reputed names in the cloud manufacturing market.

    The availability of high-tech encryption solutions can prompt the cloud manufacturing market expansion.

    The growing adoption of data backup and recovery solutions can impel the North America cloud manufacturing market to value above USD 10 Bn by 2024.