The cloud robotics market size was valued at USD 7.1 billion in 2022. It is projected to reach USD 65.03 billion by 2031, growing at a CAGR of 27.9% during the forecast period (2023–2031). Increasing demand for automation in the various sectors like industrial and manufacturing sectors is projected to boost the cloud robotics market growth.
The seamless integration of robotics and cloud computing, internet technologies, and cloud storage is known as cloud robotics. The use of cloud robotics has helped to improve robots' capacity for learning. It enables robots to use extensive computing, storage, and networking facilities in today's data centers. Moreover, it allows robots to take advantage of the exponential increase in data transfer rates to delegate work with softer real-time requirements. The knowledge base, data center, deep learning, task planners, etc., are all parts of the brain. Four primary robotic tasks are associated with cloud robotics: data collection utilizing a robot's onboard or integrated sensors and nodes, data processing on cloud servers, data application, and feedback sent to servers for further analysis.
As communications standards improve, cloud robotics can incorporate the features of edge computing and the advantages of ultra-low network latency with the aid of cutting-edge 5G networks, in addition to the more traditional benefits that cloud integration can provide, such as artificial intelligence, machine learning, data analytics, storage, security, and computation services. Robots and system automation have progressed from future theoretical innovations in research labs to being implemented in real-world settings to save money, time, and energy. Assembly of vehicles, for example, can now be completed entirely automatically thanks to intelligent robots and their command systems. When mobility is factored in, the scope of which industries can benefit from system automation expands significantly.
The company has implemented new verification procedures to evaluate the risks associated with cloud robotics, including a layered encryption tool, to gain access to cloud services and data. Concerns about privacy and security are being brought to light by the expanding use of cloud-based robotics. When data and operations related to robots are kept and performed in the cloud via remote services, the robots themselves become targets for hackers and programmers. Sensitive information stored in the cloud risks being accessed, controlled or destroyed by hackers. With the help of remote execution, hackers can compromise cloud-based robotic services and alter their operations, potentially causing damage to automated processes. Researchers combined digital security with robotics, hence the term crypto robotics. The company has instituted stringent verification procedures, including a layered encryption tool, to gain access to cloud services and data to evaluate potential risks associated with cloud robotics regarding data security and privacy.
Autonomous robots gradually replace humans in many important manufacturing tasks, including spray painting, milling, handling materials, welding, and assembly. These robots' electrical, mechanical, and software systems allow them to outperform humans in terms of productivity, speed, accuracy, and precision. In addition, industrial robot automation has been widely adopted because of its high precision and speed in organized factory settings. As a result, industrial robots are becoming increasingly connected with the aid of the cloud, allowing them to gain access to datasets remotely to aid in various functions. Therefore, the growth of the global cloud robotics market is anticipated to be fueled by the automation industries over the projected time.
| Study Period | 2019-2031 | CAGR | 27.9% |
| Historical Period | 2019-2021 | Forecast Period | 2023-2031 |
| Base Year | 2022 | Base Year Market Size | USD 7.1 Billion |
| Forecast Year | 2031 | Forecast Year Market Size | USD 65.03 Billion |
| Largest Market | North America | Fastest Growing Market | Europe |
The global cloud robotics market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
North America is the most significant shareholder in the global cloud robotics market and is expected to grow during the forecast period. Robotics, artificial intelligence, cloud computing, and deep learning are all expected to thrive in the North American market, where major players like IBM, Amazon Web Services (AWS), Google, and Microsoft are headquartered. An example is the AWS RoboMaker, a platform designed to streamline and enhance the robotics development process recently released by Amazon Web Services, Inc. Robot Operating System (ROS) is an open-source robotics software framework that is accessed via the cloud for development and testing. Research and development (R&D) efforts in robotics are abundant in the region, which bodes well for developing cutting-edge cloud computing, Al, robotics, and machine learning systems.
Europe is expected to grow during the forecast period. The rising need for robotic automation in the automotive industry is anticipated to contribute significantly to Europe's sustained economic expansion. Investments in the robotics sector are on the rise in Europe. Market expansion is expected to be aided by the burgeoning industrial sectors in Germany and France. In the coming years, the market for cloud robotics is likely to increase thanks to factors such as the increasing popularity of cloud computing, the widespread adoption of wireless technologies and smart devices, the rise of the Internet of Things, and developments in artificial intelligence and machine learning.
Due to a sizeable number of manufacturing facilities that are gradually adopting advanced technologies like cloud robotics, Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. Research and development (R&D) efforts in robotics are abundant in the region, which bodes well for developing cutting-edge cloud computing, Al, robotics, and machine learning systems. As initiatives and funding in cloud robotics spread worldwide, the cloud robotics market stands to gain significant traction.
LAMEA's cloud robotics market is poised for rapid expansion thanks to the region's improving infrastructure, the adaptability of cloud solutions, and the region's propensity to adopt cutting-edge technologies like artificial intelligence (AI), robotic process automation (RPA), and humanoid robots across a wide range of business sectors. Growth in the market may be hindered by worries about data privacy and security and by high start-up costs and research and development expenses, which could hurt mission-critical business operations.
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
The global cloud robotics market is segmented by component, application, deployment model, and end-user.
The global market is bifurcated into software and service.
The software segment is the highest contributor to the market and is expected to grow during the forecast period. Robot-as-a-Service is a paradigm shift in how we think about and interact with a robot. The concept of service emerged as part of the emerging paradigm of service-based economies. The main feature of these ideas is, in a nutshell, not buying hardware or software outright. Subscribing to the appropriate services is proposed as an alternative. The term "robotic as a service" (RaaS) refers to renting expensive robotic devices to deploy your applications and services.
The global market is bifurcated into industrial robots, customer robots, military robots, and commercial robots.
The industrial robots segment is the highest contributor to the market and is expected to grow during the forecast period. Demand for cloud robotics is expected to be led by the demand for industrial robots as more people become aware of the benefits of automation and the Fourth Industrial Revolution. New automation services can take advantage of emerging technologies and business models thanks to digital transformation in the automation industry. For example, IBM has announced a collaboration with European firms, including Volkswagen, Moovster, and Venturas to reimagine the future of the automotive industry via a combination of hybrid cloud and AI, thereby increasing the need for cloud robotics in the transportation sector.
The global market is bifurcated into private, public, and hybrid.
The public segment is the highest contributor to the market and is expected to grow during the forecast period. The public cloud has 47% of the deployment market because it is cheap and simple. The cloud is rapidly becoming the preferred deployment model over on-premises systems because it is more adaptable, simpler, and cost-effective than traditional approaches. Both the setup and upkeep are less expensive than they would be if they were done on the property itself. Depending on the customers' needs, public cloud services are provided for free or on a pay-as-you-go basis. Because of its accessibility and speed of deployment, the public cloud deployment model is the most favored by cloud storage providers.
The global market is bifurcated into manufacturing, defense, transportation & logistics, retail, and others.
The manufacturing segment is the highest contributor to the market and is expected to grow during the forecast period. Robotic machinery is in high demand in manufacturing because companies always try to cut expenses wherever possible. There has been a shift from handwork to robotic arms in the manufacturing sector. Producers are reaping the rewards of robot simulations, enhancing the effectiveness of quality assurance, preventative maintenance, and new product development. In addition to saving money, this helps companies speed up their production times.
