Information and Communications Technology

The cloud manufacturing market is anticipated to witness strong growth during the forecast period due to increasing demands from multiple industries across various sectors seeking flexible production systems at scale levels. Industry 4.0 technologies adoption on a broad scale alongside the Internet of Things (IoT) integration advancements allowing real-time monitoring have been some key drivers behind these changes recently seen in this field. This constitutes optimizing supply chains through cloud-based platforms while enhancing collaboration among manufacturers.