Cloud Robotics Market to Grow at a CAGR of 28.7% During the Forecast Period, 2019–2026

Thu, 08 August 2019 6:38

Cloud Robotics Technology, with robust computational power and storage space, is projected to emerge in mainstream robotics. This technology can be primarily applied across autonomous mobile robots, assistive robots, and industrial robots and aims to delegate computational and storage operations to the cloud, thereby reducing the obligation on the device and further exploit the storage and processing competence facilitated by cloud.

Industrial Robots to Hold a Strong Share in the Cloud Robotics Market

On account of industrial revolution and advent of Industrial Internet of Things (IIoT), the demand for robotics engineering and smart robots is burgeoning. Moreover, the need to transform traditional industrial operations to smart factories with industrial robots is further expected to fuel the demand for cloud robotics market in the near future.

The Need to Automate Manufacturing Processes to Boost the Demand for Cloud Robotics

The adoption of cloud robotics is expected to augment the potential of industrial and service robots due to the synthesis of robotics technology and cloud computing. Manufacturers are in dire need of automation solutions to overcome onerous operational processes. Thus, to automate industrial processes and mitigate operational costs, the manufacturing segment is projected to boost the demand cloud robotics.

Got questions about your regional growth of

Cloud Robotics Market?

Just drop us a line or call on +1 646 480 7505

Research and Development Activities and Deployment of Robots to Bolster the Cloud Robotics Market in North America and Europe

North America is expected to witness dynamic growth in the cloud robotics market, owing to the early adoption of technological advancements such as AI, machine learning, natural language processing, and cloud technology, among others. Several research and development activities, initiatives, and projects to enhance the robotics sector in the region are further increasing the demand for cloud robotics. Europe is expected to witness significant growth in the cloud robotics market due to advancements in robotics driven by home automation, and smarter robots in manufacturing operations across various industry verticals.

LAMEA is projected to witness healthy growth in the cloud robotics market, owing to the rising demand for robotics services. According to DigiRobotics, the demand for robotics technology is expected to grow by 30% annually for the next 15 years in the Middle East.

Key Developments

  • On July 2019, Fetch Robotics raised USD 46 million to expand warehouse automation globally
  • On November 2018, Amazon Web Services, Inc. launched RoboMaker to assist developers in building, testing and deploying robotics applications via cloud

Key Players

Some of the prominent players in the global cloud robotics market are Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, CloudMinds, Hit Robot Group, V3 Smart Technologies, Rapyuta Robotics, Ortelio, Tend, KUKA, Omron, and Softbank.

Cloud Robotics Market Segmentation

By Component

  • Software
  • Service

By Application

  • Industrial Robots
  • Customer Robots
  • Military Robots
  • Commercial Robots

By Deployment Model

  • Private
  • Public
  • Hybrid

By End User

  • Manufacturing
  • Defense
  • Transportation & Logistics
  • Retail
  • Others

Regions Covered

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific

LAMEA

  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

View Full Report Buy This Report Now