PUNE, INDIA, October 14, 2019 /EINPresswire.com/ —
WiseGuyReports.Com Publish a New Market Research Report On –“ Cloud Manufacturing Market 2019 Global Top players, Share, Trend, Technology, Growth Analysis & Forecast to 2024”.
Cloud Manufacturing Market 2019
The global cloud manufacturing market spawned an income of USD 38.72 billion in 2018 and is estimated to attain a market value of USD 111.90 billion by 2024, increasing at a CAGR of 19.8%. Elevated pressure for cloud-based results across industrial companies and administration programs for upgrading production manufacturing in various countries across the world are the most important issues pushing the expansion of the global cloud industrial market.
Cloud-based production software encompasses a set of instruments which supports companies in visualizing and modernizing the construction procedure from construction to delivery. Suppliers of cloud manufacturing software provide mobile support, permitting the workers at work on the assembly floor or on the field, to access the vital material from a variety of places on their mobile machines using internet contact. Cloud-based industrial software comprises various characteristics such as industrial, bookkeeping, manufacture management, shipping and logistics, supply chain administration, and resource management. An assortment of productions involving aerospace, semiconductor electronics, food and beverages and others have begun utilizing the cloud-based manufacturing software in their manufacturing methods.
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Key Players Analysis
The projected onlookers in the Global Cloud manufacturing market are companies like Microsoft Corporation, Salesforce.com, Inc., Amazon Web Services, Inc. (AWS), VMware, Inc., Google LLC, Hewlett Packard Enterprise Company, Citrix Systems, Inc., Plex Systems Inc., Oracle Corporation, Jelastic Inc., Rootstock Software, DXC Technology Company and Cisco Systems, Inc.
It also goes on to analyze the core competencies of the various key players in the market and their contributory share percentage to project the degree of competition in the market. The study also goes deep into tracking and analyzing the competitive developments in the market like R&D activities, latest product launch, collaborations and acquisitions, partnerships, etc. The study was undertaken by considering 2019 as the base year and 2024 as the end of the forecast period. The primary aim of the study is to answer some of the most critical questions in the market for stakeholders, which would enable them to prioritize their investments and efforts in the coming years.
The research methodology applied and adopted for the study of the market involves capturing data on the revenue generated by the market players through various secondary sources. The sources include corporate filings, company websites, investor presentations, annual reports, paid databases, and others.
Geographically the Global Cloud manufacturing market is split in regions like North America, Europe, Asia-Pacific, and Rest of the world. North America recorded for a substantial portion in the cloud-based manufacturing market, owing to the occurrence of most important production businesses, greater implementation of cloud computing resolutions, rising digitization as well as mechanization in the industrial area. Ever-increasing digitization as well as implementation of smart manufacturing are driving the growth of cloud-based manufacturing in the US. The rising funds by the companies in the acceptance of the internet of things and cloud saturation are pushing the development of the market in the US. Canada is achieving impetus in terms of acceptance of cloud expertise for manufacturing procedures owing to growing investing by tech giants such as Oracle Corporation, Sage, and Pronto Solutions. Eastern Canada is demonstrating a definite expansion while western Canada is increasing at a sluggish rate due to questions regarding observance regulations. North America recorded for the greatest market stake of 40.01% in 2018, with a market value of USD 15.5 billion; the market is anticipated to enroll a CAGR of 20.5% during the said period. Also, Europe was the second-leading market in year 2018, priced at USD 10.8 billion; the market is expected to display a CAGR of around 19.3%. Nevertheless, the market in Asia-Pacific is estimated to record the maximum of a CAGR of around 21.2%.
Table Of Contents – Major Key Points
Market Factor Analysis
Global Cloud Manufacturing Market, By Component
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Source: EIN Presswire