Market Overview
As per the prediction, the cloud manufacturing market generated a revenue of USD 50.66 billion in 2020 and will reach a market value of USD 207.59 Billion by 2030, growing at a CAGR of 16.11%. The North American region has accounted for 37.2% of the market share in the cloud manufacturing market in 2020 due to the presence of key market players such as Amazon.com, Inc., Google, Oracle, and others like Salesforce. The manufacturing industries, including automotive and aerospace & defence, have shown increased demand for cloud-based manufacturing systems, positively impacting market growth in the region.
With the WFH norms implemented to safeguard employee health and other necessary concerns, there is a considerable increment in the demand for association with Software-as-a-service (SaaS). In the Microsoft platform itself, the number of users has grown to almost 44 million worldwide because of the need for such collaborative stable solutions. Only the solutions related to video conferencing have increased over 300% based on the data gathered across approximately 150 nations. There are several other tools such as hangouts, Webex, Zoom, WeChat Work, etc.
Download Free Sample PDF File @ https://www.marketresearchfuture.com/sample_request/6004
Cloud Computing is one kind of service delivery model for the Information Technology industry. It allows third-party manufacturers and similar service providers to offer several IT-related resources and software-related tools over the world web. The technological model is that any user needs to make the payment only for computing devices, amount of storage, and consumed bandwidth level. There are various advantages of Cloud computing related to the deployment, the cost involved, mobility support functions, different disaster recovery preparedness, and methods. It also helps reduce the burden on the employees of the organization as well.
Market Segmentation
The overall Cloud Computing Market includes various parts based on different service models, Size of organizations, and region.
Based on the Service Model:
Two primary market segments are (SaaS) Software-as-a-Service and (IaaS) Infrastructure as a Service. The critical thing to note here is that SaaS secured a maximum market share in recent times with better prospects of growth in the upcoming years.
Deployment Mode:
There are three primary segments: Private & hybrid cloud, with public cloud securing the most significant market share in 2018 and expected to clock a higher CAGR in the forecast period.
Based on the Size of the organizations:
The segment includes small scale, medium scale, and Big organizations. As predicted, large-scale enterprises would secure a significant share of the market, almost a CAGR of 19% for the forecasted period.
Based on Verticals:
The primary market is diversified with BFSI, Information Technology, Public Sector, Retail, Energy & Utilities, Media & Entertainment, Health Care, Life Science, etc.
Regional Analysis
In the year 2020, the market was primarily dominated by the North American region due to prominent vendors such as Microsoft, Oracle, IBM, and others like Amazon. The catalyst behind this is the US organizations' that possess an urge to be flexible and adaptive to next-gen technologies and the global digitalization prospects. Whether Big Data Analytics, Artificial Intelligence, Machine Learning IoT, or technologies related to telecommunications such as 4G, 5G, or others like LTE, US organizations have wholeheartedly welcomed the next generation of technological advancements.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/cloud-manufacturing-market-6004
Industry News
In the Microsoft platform itself, the number of users has grown to almost 44 million worldwide because of the need for such collaborative stable solutions. Only the solutions related to video conferencing have increased over 300% based on the data gathered across 150 nations.
Similar Reports: -
- https://www.linkedin.com/pulse/artificial-intelligence-ai-market-expected-reach-usd-31135-singh/
- https://www.linkedin.com/pulse/cloud-workload-protection-market-size-expected-reach-usd-sriramoju-1f/
About us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com