Global Cloud-based Manufacturing Market: Introduction

Cloud-based manufacturing is a process of utilizing well-established manufacturing resources, such as Enterprise Resource Planning (ERP), through the cloud. Cloud-based manufacturing also reduces capital expenditure because cloud computing eliminates some major, long-term costs that occur in legacy ERPs. It also smoothens the process by automating communication between manufacturing and accounting.

Global Cloud-based Manufacturing Market – Dynamics

Cost Competition

Competition among players operating in the global manufacturing sector has increased. Cost and production efficiency is the key to penetrate the market, specifically in Asia Pacific, due to price-conscious consumer behavior. The need to offer products at competitive pricing has increased across industries, with China being the world-leading manufacturer of inexpensive products. Cloud-based manufacturing is playing a key role in eliminating the major capital expenditure for automated workflow management in order to reduce the overall cost of manufacturing.

Increasing Demand for Automation in Manufacturing Process among SMEs

In the competitive market scenario, SMEs are adopting automation in their business processes. Small & medium enterprises (SMEs), specifically those in North America and Europe, are adopting cloud-based manufacturing so as to become more competitive in their price offering.

For Right Perspective & Competitive Insights on Automotive Brake Override System Market, Request for a Sample

System Infrastructure and System Downtime Hampering the Global Cloud-based Manufacturing Market

Incorporation of cloud-based manufacturing in the manufacturing process leads to increase in system downtime. This can hamper the global cloud-based manufacturing market during the short-term forecast period. In several countries of Asia Pacific, production systems are not compatible with cloud-based manufacturing. This can increase the cost incurred by the manufacturer for deployment of compatible systems in the organization.

North America to Dominate the Global Cloud-based Manufacturing Market

In terms of region, the global cloud-based manufacturing market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global cloud-based manufacturing market during the forecast period, as adoption of cloud-based technologies by SMEs and large enterprises is higher in this region compared to other regions.

COVID-19 Impact on the Global Cloud-based Manufacturing Market

The COVID-19 pandemic is expected to adversely impact the global cloud-based manufacturing market for a short-term period. This is attributed to lockdown in countries of Europe, North America, and Asia Pacific regions, which hold 75%–85% share of the global manufacturing industry as well as the global cloud-based manufacturing market. The major usage of cloud-based manufacturing can be seen in different industries. With the shutdown of manufacturing units across the globe, the pandemic is projected to hamper the cloud-based manufacturing software market for the next 1–2 years.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global Cloud-based Manufacturing Market – Competition Landscape

  • In June 2020, manufacturing automation technology company Vention announced that it has raised US$ 38 Mn CAD in Series-B financing. The funding will be majorly used to develop its cloud-based platform, expand its library of plug-and-play automation components, and continue international expansion.

Vention

Established in 2016, Vention is headquartered in Montreal, Canada. Vention helps some of the most innovative manufacturers automate their production floors in just a few days. Vention's online-first manufacturing automation platform lets clients design, program, order, and commission automated equipment directly from their web browsers. Vention manufacturing software is used in over 1,000 factories in three continents.

Global Cloud-based Manufacturing Market: Segmentation

The global cloud-based manufacturing market can be segmented based on:

  • Deployment
  • Industry
  • Region

Global Cloud-based Manufacturing Market, by Deployment

Based on deployment, the global cloud-based manufacturing market can be divided into:

  • Cloud
  • On-premise

Global Cloud-based Manufacturing Market, by Industry

In terms of industry, the global cloud-based manufacturing market can be segregated into:

  • Construction
  • Chemicals
  • Food & Beverages
  • Healthcare
  • Automotive

Regional analysis of the global cloud-based manufacturing market includes:

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Cloud-based Manufacturing Market