Worldwide Cloud Based Manufacturing Market – Deployment Models (Private, Public, and Hybrid), Enterprise Type (Larger Enterprises and SMEs) , Industries Type (Discrete Industries and Process Industries), Regions (Americas, Europe, Asia Pacific (Excluding Japan), Middle East & Africa) – Drivers, Opportunities, Trends, and Forecasts, 2016-2022
Globally, manufacturing industry is the leading vertical for every country and world economic growth with a bundle of business opportunities. Today manufacturers are facing many challenges in the market – emerging new technologies, competitors are bringing new innovation in their products, rising adoption of new business models in competitor’s landscape and changing customer demands. The manufacturers are continuously focusing on improving sales activities, reducing the expenditure costs, and innovating/improving their business units in order to capture the revenue and expand their business at the global level. Thus, manufacturers are entering into M&A and partnership activities and adopting the smart and digital technologies to improve their productivity by cutting the operation costs and improve time to market.
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The discrete manufacturing industry players are aggressively adopting the cloud technology compared to process manufacturing industries. The emerging new concepts, Internet of Things (IoT), Industry 4.0, Industrial Internet of Things (IIoT), big data, analytics and digital technologies are expected to drive the Cloud Based Manufacturing market in the upcoming years. Especially, Automotive, Aerospace & Defence, FMCG and Semiconductor & Electronics industries are hugely investing in these technologies to improve their customer satisfaction, reduce expenditures for their IT operations, customer monitoring, product & services monitoring, proactive maintenance, by connecting supply chains 24/7, providing the real-time information and improving the overall productivity. Today, not only larger enterprises are considering the adoption of cloud technology as key prorates for their business growth but SMEs are also realizing the benefits and moving towards the cloud adoption and holds huge business opportunities. Lack of skills, unavailability of proper infrastructure, lack of awareness about cloud value added services, and cost investment are few of the challenges in the SMEs industry.
The “Worldwide Cloud Based Manufacturing” market is expected to grow at a CAGR of 22.9% during the forecast period 2016–2022. The cloud based manufacturing market is analyzed based on four segments: deployment models, industries, enterprises, and regions & verticals. The deployment model segment consists of public, private, and hybrid cloud, including service models – SaaS, IaaS, and PaaS. The public cloud is set to play a key role and hybrid cloud is set to be the emerging market in the next 6–7 years. In addition, SaaS service model is expected to contribute a handsome market share for the cloud based manufacturing market growth. During the forecast period, SMEs are expected to increase cloud adoption in their business. Region wise, Americas is expected to outperform followed by Europe. Finally, vertical-wise, discrete industries sector is contributing more than 50% of the market share for the Cloud Based Manufacturing market.
Table of Contents
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
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The study covers and analyzes the “Worldwide Cloud Based Manufacturing” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.