Cloud Based Manufacturing Market is booming at CAGR of +22% touching an aggregate of $131.15 billion by 2028.
Cloud-Based Manufacturing (CBM) refers to a networked manufacturing that exploits on-demand access to a shared collection of diversified and distributed manufacturing resources to form temporary, reconfigurable production lines which enhance efficiency, reduce product lifecycle costs.
Cloud computing helps manufacturers manage their businesses with better intelligence, which is made possible through expanded use of data analytics. Cloud computing also empowers manufacturing operations, making them more productive, cost- and energy-efficient, safe, and streamlined.
Cloud and new-age technologies allows manufacturers to adopt many forms of new production systems, from 3D printing and high-performance computing (HPC) to the Internet of Things (IoT) and industrial robots. Moreover, cloud computing democratises access to and use of these technologies by small…