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The global cloud-based manufacturing market is estimated to garner a revenue of USD 210 Billion by the end of 2033 by growing at a CAGR of ~20% over the forecast period, i.e., 2023 u2013 2033.
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GlobalCloud BasedManufacturingMarketGrowthtobePropelledby Growth in the 3D Printing Technology at a CAGR of ~20% During 2023 – 2033 Kenneth Research published a report titled “Cloud Based Manufacturing Market: GlobalDemandAnalysis&OpportunityOutlook2033”whichdeliversadetailed overviewoftheglobalcloudbasedmanufacturing marketintermsofmarket segmentation by component, deployment, organization size, industry vertical, and by region. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of currentand futuremarket trends thatareassociated withthegrowthofthemarket. The global cloud based manufacturing market is expected to grow at ~20% CAGR over theforecastperiod, i.e.,2023-2033.The market issegmentedbycomponentsinto hardware, software, and services. Out of these, the hardware segment is anticipated to hold thelargest shareovertheforecast periodduetothegrowingdemand forindustrial
robots that can assist in faster and more accurate manufacturing processes. In addition, the increased adoption of 3D printing technology will augment the demand for parts reprocessing servicesfrommanufacturing companies. Customers prefer to use cloud-based technology for several reasons, including its easy access and minimal setup time, increasing demand from emerging markets, decreasing infrastructure costs, rise in adoption of 3D printing technology, increased interest in utilizingsoftwareasa service(SaaS)modelwillsupportthegrowthofthismarket. Geographically, the global cloud based manufacturing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of them, the market in the North America region is projected to hold the largest market share by the end of 2033, with rising demand for automatedprocesses,increasinguseof 3Dprintingtechnology, andincreased automationinvariousindustrialsectors.ThemarketwillbeledbytheUSandCanada inthe region. The research is global in nature and covers a detailed analysis of the market in North America(U.S.,Canada),Europe(U.K.,Germany,France,Italy,Spain,Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest ofLatinAmerica),Asia-Pacific(China,India,Japan,SouthKorea,Indonesia,Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth&opportunityanalysis,marketplayers’competitivestudy,investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report. Rise in Adoption of 3D Printing Technology to Drive the Growth of the Market
Asperrecentstatistics,alow-costsmartremotemonitoringsystembasedonNode-red andOctoprintconnectedto3Dprintershasbeenaddedtobuildagriculturalequipment using additive manufacturing (AM). This system has trained a model to detect print mistakeswith75%accuracy. To provide consumers with a variety of online printing services, 3D printing cloud platformshavebeen createdbyfusingcloudcomputing,IoT, and3Dprinting technologies.Anydigitalmodelthatfitswithintheprintingsizeof220mm250mmmay beprintedwitha3Dprinter.Hence,itisprojectedtoboostthegrowthoftheglobalcloud basedmanufacturingmarket. For more information’s@https://www.kennethresearch.com/report- details/worldwide-cloud-based-manufacturing-market/10085187 However, the high cost of acquisition and setup, lack of identity management support, and inadequate data analytics are expected to operate as key restraints to the growth of the global cloud based manufacturingmarketovertheforecast period. This report also provides the existing competitive scenario of some of the key players of theglobalcloudbasedmanufacturingmarketwhichincludescompanyprofilingof.com, Hewlett Packard Enterprise Co, Google LLC, Oracle Corporation, Cisco Systems Inc., VMware Inc., DXC Technology Co., Salesforce.com Inc., Citrix Systems Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On thewhole,thereportdepictsadetailedoverviewoftheglobalcloudbasedmanufacturing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholderstoalign theirmarket-centricstrategiesaccordingtotheongoingand expectedtrendsinthefuture. RequestReport Sample@https://www.kennethresearch.com/sample-request- 10085187
Kenneth Researchisaleading serviceproviderfor strategicmarketresearchand consulting. We aim to provide unbiased, unparalleled market insights and industry analysistohelpindustries,conglomerates,andexecutivestotakewisedecisionsfortheir futuremarketingstrategy,expansionandinvestment,etc.Webelieveeverybusinesscan expandtoitsnewhorizon,providedtherightguidanceatarighttimeisavailablethrough strategicminds.Ourout-of-boxthinkinghelpsourclientstotakewisedecisionstoavoid future uncertainties. Contact formoreInfo: AJDaniel Email: sales@kennethresearch.com U.S.Phone: +1313462 0609