Request Discount

Cloud Robotics Market (Connectivity Technology - Bluetooth Low Energy (BLE), Wi-fi/WiMAX, 3G, 4G, and 5G; Components - Software, and Services; Types - Personal Robots, Industrial Robots, Military Robots, and Commercial Robots; Deployment Model - Robotics as a Service (RAAS), Public Cloud, Private Cloud, and Hybrid Cloud): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : August, 2021

  • Rep Id : ICT0085

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the cloud robotics market provides an in-depth analysis of segments and sub-segments in the global as well as regional cloud robotics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cloud robotics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cloud robotics market. According to the report, the global cloud robotics market is projected to grow at a CAGR of 26.8% over the forecast period of 2021-2027.


Cloud Robotics Market

 

Market Insight

The cloud robotics market was valued at USD 5.6 billion in 2021 and is expected to reach USD 23.5 billion in 2027, growing with a CAGR of 26.8% during the forecast period. Cloud robotics makes usage of robotics, artificial intelligence, and cloud technology where the brain of the robot is meticulous through a cloud. It is a novel field to develop lighter, cheaper, and much smarter robots. Cloud connections are engaged in controlling, and commanding the robots. Besides, cloud robotics executes with low battery power and is connected to small devices, for instance, smartphones over cloud technology. This technology is the utilization of distant registering assets to permit more prominent memory, computational force, aggregate learning, and interconnectivity for mechanical technology applications. In addition, cloud robotics permits robots to proceeds from the astounding computational, storage, and interchanges assets of present-day server farms.

 

The rising adoption of automation in numerous industrial sectors, the proliferation of cloud technology, broad-spectrum usage of wireless technologies, and smart devices are the biggest driver of the market. Furthermore, an increase in the adoption of IoT, and advancements in AI and machine learning technologies are also expected to boost the market growth during the forecast period. One of the methods by which this is cultivated is through open APIs, which empower discussion of the robotics control plane from the application UI. This indicates that customers don’t have to utilize restrictive UIs for automated regulators. Nevertheless, such robots come with the difficulty of lost connection. Cloud Robotics holds the possibility of losing its connection from the controlling devices, data privacy, and security anxieties, and high initial costs and R&D expenses are there, and hence is the biggest hampering factor of the market.

 

Among the geographies, the North American region is expected to hold the largest share in the global cloud robotics market owing to the presence of numerous key players in the region. Further, the region is also anticipated to account for the major market share and is considered the most advanced region in terms of cloud, AI, and machine learning technologies. Moreover, the Asia Pacific region is projected to witness the fastest growth in the cloud robotics market during the forecast period owing to the rising IT infrastructure. Additionally, the Asia Pacific region is home to a creditable amount of manufacturing units, which are progressively embracing the adoption of advanced technologies, such as cloud robotics in developing economies such as China and India drive the cloud robotics market in this region.

 

Segment Covered

The report on global cloud robotics market covers segments such as connectivity technology, components, types, and deployment model. On the basis of connectivity technology, the sub-markets include bluetooth low energy (BLE), Wi-Fi/WiMAX, 3G, 4G, and 5G. On the basis of components, the sub-markets include software, and services. On the basis of types, the sub-markets include personal robots, industrial robots, military robots, and commercial robots. On the basis of deployment model, the sub-markets include robotics as a service (RAAS), public cloud, private cloud, and hybrid cloud.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Calvary Robotics, Tech Con Automation Inc., Rockwell Automation, Inc., ABB Group, Matrix Industrial Automation, Tend.ai, Ortelio Ltd, Rapyuta Robotics Co. Ltd, Midea Group, and HotBlack Robotics SRL.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cloud robotics market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount