The cloud robotics market size is expected to see exponential growth in the next few years. It will grow to $30.05 billion in 2028 at a compound annual growth rate (CAGR) of 27.4%. The growth in the forecast period can be attributed to decentralized cloud robotics architecture, focus on energy efficiency, robotic process automation (rpa) growth, customization and modular robotics. Major trends in the forecast period include 5g connectivity for low-latency communication, edge computing integration, robotics as a service (raas) models, digital twins for simulation and training, cross-industry adoption.
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Segmentation & Regional Insights
The cloud robotics market covered in this report is segmented –
1) By Implementation Type: Peer Based, Proxy Based, Clone Based
2) By Deployment Type: Private Cloud, Public cloud, Hybrid cloud
3) By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries
North America was the largest region in the cloud robotics market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
During the forecasting period, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) will drive the cloud robotics market. The automotive industry is increasingly shifting towards a robot-as-a-service model due to the increasing labour costs, labour shortage, and reduction in the cost of robotic systems. For instance, according to the Association for Advancing Automation (A3) data, by 2025, utilization of cloud computing is expected to increase by 17% to 2018 levels, and Factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, a 37% increase from the previous year. Therefore, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) ultimately drives the cloud robotics market growth.
Key Industry Players
Major companies operating in the cloud robotics market report are ABB Ltd., Microsoft Corporation, IBM Corporation, C2RO Cloud Robotics Inc., Amazon Robotics LLC,Calvary Automation Robotics LLC,CloudMinds,Fanuc Corporation,Google LLC,Hit Robot Group Co Ltd.,Huawei Technologies,Kuka AG,Ortelio Ltd.,Rapyuta Robotics Co. Ltd.,Rockwell Automation Inc.,V3 Smart Technologies PTE Ltd.,CNC Robotics Ltd.,Robocloud Co. Ltd.,Relativity Space,Arrow Electronics Inc.,Boston Dynamics,Clearpath Robotics,Fetch Robotics Inc.,Grey Orange Pte. Ltd.,Locus Robotics,Omron Adept Technologies,Rethink Robotics,Sarcos Robotics,Soft Robotics,Universal Robots
The cloud robotics market report table of contents includes:
1. Executive Summary
2. Cloud Robotics Market Characteristics
3. Cloud Robotics Market Trends And Strategies
4. Cloud Robotics Market - Macro Economic Scenario
5. Global Cloud Robotics Market Size and Growth
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31. Global Cloud Robotics Market Competitive Benchmarking
32. Global Cloud Robotics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cloud Robotics Market
34. Cloud Robotics Market Future Outlook and Potential Analysis
35. Appendix
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Some of the distinct features of cloud robotics include their remote operations, real-time analytics and higher operations efficiency.
In the span of past five years (2014-2018) industry has witnessed several product launches from key cloud robotics platform providers.
In a nutshell, the ongoing developments underline a change undergoing in the robotics industry where cloud robotics is emerging as the next big thing.The report is a compilation of various segmentations including a market breakdown by business model, deployment model, end-user, and region.
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different business models that are analyzed which include Infrastructure-as-a-Service, Platform-as-a-Service and Software-as-a-Service.
The report also presents a detailed analysis of various end-users such as industrial, commercial and consumer.
Furthermore, the industrial end-user is sub-segmented in applications such as automotive, manufacturing, warehouse and logistics, and others.
