SOURCE RESEARCH
The Industrial Cloud: Data, Applications, and the Horsepower for the Modern Industrial Factory
Report | 4Q 2024 | AN-5742
Get The ReportIn total, cloud manufacturing revenue is expected to grow at 22.57% to US$333.69 billion by 2033. Notably, the CAGR over the 2023 to 2033 time period will remain the same, even though the market share of non-cloud customers is diminishing. The CAGR will remain the same as the average spending of manufacturers using cloud service providers is increasing, compensating for the lack of revenue from new customers. Average spending for manufacturers using a cloud-based system will increase due to manufacturers using new applications being developed by the hyperscalers, along with greater storage fees attributed to more data being backed up in the cloud.
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