Press release
AI Adoption Is Driving Growth In The Cloud Manufacturing Market: Key Factor Driving The Growth In The Cloud Manufacturing Market
Cloud Manufacturing
What Is the Expected Cloud Manufacturing Market Size During the Forecast Period?
The market size of cloud manufacturing has witnessed a rapid expansion in the preceding years. It's projected to rise from $86.2 billion in 2024 to $101.24 billion in 2025, showing a compound annual growth rate (CAGR) of 17.4%. Factors such as measures to reduce costs, globalization and streamlining the supply chain, scalability and adaptability necessities, compliance with legal regulations, and requirements for business sustainability and disaster recovery contributed to its growth during the historical period.
The market size of cloud manufacturing is predicted to witness substantial expansion in the coming years. The growth is forecasted to reach $190.84 billion by 2029, with a compound annual growth rate (CAGR) of 17.2%. Reasons for this growth during the projected time frame can be linked to the emphasis on sustainability and environment, need for real-time data interpretation and analytics, market changes and competitive strains, a transition towards sterilization and outcome-based approaches, and the progression of regulatory and compliance norms. Key trends for the forecast duration encompass the rising adoption of hybrid cloud solutions, the fusion of edge computing and cloud manufacturing, optimization driven by artificial intelligence and machine learning, the concentration on sustainability and the circular economy, and the proliferation of sector-specific cloud manufacturing solutions.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14674
What Are the High-Growth Segments in the Cloud Manufacturing Market?
The cloud manufacturing market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Industry Vertical: Aerospace And Defense, Healthcare, Semiconductor Electronics, Automotive, Metal And Machinery Manufacturing, Other Industry Verticals
Subsegments:
1) By Hardware: Industrial IoT (Internet of Things) Devices, Sensors and Actuators, Robots and Automated Machinery, Smart Manufacturing Equipment, Edge Computing Devices, Embedded Systems and Controllers, Wearables and AR/VR Devices for Manufacturing
2) By Software: Cloud-Based Manufacturing Execution Systems (MES), Enterprise Resource Planning (ERP) Solutions for Manufacturing, Cloud-Based Product Lifecycle Management (PLM) Software, Supply Chain Management (SCM) Software, Manufacturing Analytics and Reporting Tools, Cloud-Based Computer-Aided Design (CAD) and Simulation Tools, Digital Twin Software, Cloud-Based Quality Management Software, Predictive Maintenance Software
3) By Services: Cloud Integration Services, Cloud Migration Services for Manufacturing, Consulting and Advisory Services for Cloud Manufacturing Solutions, Customization and Personalization Services, Data Security and Compliance Services, Training and Support Services, Managed Services for Cloud-Based Manufacturing Solutions, Remote Monitoring and Management Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14674&type=smp
What Key Drivers Are Expected to Influence Future Cloud Manufacturing Market Growth?
The surge in the usage of artificial intelligence (AI) in the manufacturing sector is set to invigorate the expansion of the cloud manufacturing market. AI essentially involves creating computer systems and algorithms that carry out tasks that typically require human cognition, such as data interpretation, formation of predictions, and the resolution of intricate issues. The escalating incorporation of AI in manufacturing can be ascribed to its proficiency in streamlining processes, boosting productivity, and facilitating predictive maintenance. Cloud manufacturing leverages AI to examine copious amounts of production data, refine processes, anticipate equipment breakages, and bolster decision-making processes consequently augmenting efficiency and productivity. For example, a May 2022 survey conducted by Rockwell Automation Inc., a US-based enterprise specializing in industrial automation and digital transformation technologies, observed that the uptake of smart factory technologies had experienced a phenomenal year-over-year growth of 50%. Additionally, 74% of the manufacturers surveyed are either currently employing or intending to amalgamate AI within their manufacturing operations. Also, 83% of professionals in manufacturing are set to modernize their processes into intelligent factories. Consequently, the surge in the uptake of AI in manufacturing is orchestrating the expansion of the cloud manufacturing market.
Which Companies Hold the Largest Share Across Different Cloud Manufacturing Market Segments?
Major companies operating in the cloud manufacturing market are Amazon.com Inc., Google LLC, Microsoft Corporation, Dell Technologies Inc., Siemens AG, International Business Machines Corporation, General Electric Company, Cisco Systems Inc., Oracle Corporation, NetSuite Inc., SAP SE, Salesforce.com Inc., Hewlett Packard Enterprise Company, DXC Technology Company, VMware Inc., Rockwell Automation Inc., Citrix Systems Inc., Jelastic Inc., Hitachi Vantara, PTC Inc., Cloudera Inc., Box Inc., Rootstock Software
What Are the Latest Developing Trends in the Cloud Manufacturing Market?
Top-tier companies in the cloud manufacturing market are innovating manufacturing-centric cloud platforms, such as Manufacturing Data Engine and Manufacturing Connect, to attain a competitive advantage. Manufacturing Data Engine and Manufacturing Connect are a cloud-based software solution specifically designed to meet the distinct demands and challenges in the manufacturing sector, including data integration, analytics, process optimization, and supply chain management. For example, in May 2022, US-based tech firm, Google LLC, unveiled Manufacturing Data Engine and Manufacturing Connect with the aim of aiding manufacturers consolidate their data and augment their operations through analytics and AI. These solutions allow manufacturers to link erstwhile separated assets, standardize data, and increase visibility from production line to the cloud. The role of these solutions in supporting vital AI and analytics-driven applications like manufacturing analytics and insights, predictive maintenance, and device-level anomaly detection by harmonizing and centralizing data, is considerable.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/cloud-manufacturing-global-market-report
What Are the Emerging Geographies for The Cloud Manufacturing Market Growth?
North America was the largest region in the cloud manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cloud Manufacturing Market?
2. What is the CAGR expected in the Cloud Manufacturing Market?
3. What Are the Key Innovations Transforming the Cloud Manufacturing Industry?
4. Which Region Is Leading the Cloud Manufacturing Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI Adoption Is Driving Growth In The Cloud Manufacturing Market: Key Factor Driving The Growth In The Cloud Manufacturing Market here
News-ID: 4020248 • Views: …
More Releases from The Business Research Company
Rising Incidence of Dental Disorders Sparks Growth in the Tooth-Filling Material …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Tooth Filling Materials Market Through 2025?
In the past few years, the market size for tooth filling materials has experienced robust growth. Projected to rise from $1.82 billion in 2024 to $1.92 billion in 2025, it's set to journey at a compound…
2025-2034 Stress Tests Equipment Market Outlook: Key Drivers, Emerging Challenge …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Stress Tests Equipment Industry Market Size Be by 2025?
In recent years, the market for stress test equipment has seen robust growth. From a value of $2.99 billion in 2024, it is projected to increase to $3.19 billion in 2025, reflecting a compound annual growth rate…
2025 Positron Emission Tomography (PET) Scanners Industry Trends Report: Long-Te …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Positron Emission Tomography (PET) Scanners Market Size By 2025?
The market size for positron emission tomography (pet) scanners has been witnessing a steady increment in the past years. The market is expected to escalate from $1.51 billion in 2024 to $1.58 billion in 2025, registering…
Strategic Forecast for the Ostomy Devices Industry: Market Outlook 2025-2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Ostomy Devices Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the ostomy devices market has been consistently expanding. Projections show an increase from $2.8 billion in 2024 to $2.9 billion in 2025, maintaining a compound annual growth rate (CAGR) of 3.9%. The significant…
More Releases for Manufacturing
Manufacturing the Future: Exploring the In-Space Manufacturing Market
Rapid improvements in space technology have created new opportunities for in-space production, transforming the space sector. The in-space manufacturing sector is expanding rapidly as space agencies and private companies investigate ways to manufacture products and structures in space. According to MarketsandMarkets' thorough market research analysis, the worldwide in-space manufacturing market is predicted to expand significantly in the next years. In this blog article, we will evaluate the recent trends and…
Global Miscellaneous Market by Types (Gasket, Packing, and Sealing Device Manufa …
The global Miscellaneous market was valued at xx million in 2020 and is projected to reach US$ xx million by 2027, at a CAGR of xx% during the forecast period.
Global Miscellaneous Market overview
Miscellaneous Market research report offers great insights into the market and consumer data and their interpretation through various figures and graphs.
Miscellaneous markets have experienced significant growth in recent years. The main reason for this is the increasing…
Smart Factory Transforming from “Manufacturing” to “Intelligent Manufactur …
The concept of “Industry 4.0” was officially announced by the German government in 2013 at the Hannover Messe. Since then, its influence has taken the world by storm. From steam mechanization to power automation to data informatization, the Industry 4.0, driven by “intelligentization”, will completely subvert the expectations, changing perceptions of productivity and production relations in the traditional manufacturing industry by way of qualitative change – an immortal monument, perhaps,…
Additive & Conventional Manufacturing – Hybrid Manufacturing Techniques From C …
Croft Filters, based in Warrington, England, have been supplying custom filtration and separation solutions for over 31 years. Over this time, Croft has developed a reputation for their quality, bespoke service through manufacturing a variety of products for specific requirements. These products have included Filtration Cones, Baskets & Screens, Disc Filters and Filtration Housings amongst others, and they are made with Wire Mesh, Wedge Wire and Perforated Plate, depending on…
Digital Meter Market 2017 - Al-Jon Manufacturing, Environmental Manufacturing, H …
The Global Digital Meter Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Digital Meter industry. First, "Global Digital Meter Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Digital Meter industry chain structure.
Major Companies Covered in this report:-
Al-Jon Manufacturing
Heitman Laboratories
Kws Manufacturing Company
Kmb Systems
Obvius Holdingd Llc
Lubecorp Manufacturing
Quadlogic…
Competitive Segmentation of Global Mixed-mode Manufacturing Market 2016 Industry …
The market research report titled Mixed-mode Manufacturing Market Research Report 2016 provides a detailed overview of the global Mixed-mode Manufacturing market, in terms of crucial market factors such as the demand drivers, challenges, market segments, key companies, and the recent market trends. The quantitative and the qualitative information presented in this research study is based on primary and secondary sources of information. Moreover, much of the information contained in this…
