Information and Communication Technology Cloud Robotics Market is projected to grow up to 31.4% CAGR during the forecasting period ...

Cloud Robotics Market is projected to grow up to 31.4% CAGR during the forecasting period 2021-2027.

The cloud robotics business promotes cloud technologies such as cloud storage, cloud computing, and a variety of other internet-related technologies, with a focus on the benefits of connected infrastructure and shared services. It allows robots to take advantage of sophisticated data centres' high processing power, storage capacity, and resources. The quantity of benefits provided by the global market is the primary reason for its growing popularity. The job unloading process increases faster with faster data transfer rates, which meets the real-time requirements. The development of cloud computing, big data, and other developing technologies are the main drivers of the worldwide Cloud Robotics Market. The integration of cloud technology with robotic systems allows for the construction of multi-robot systems with high performance and complexity. In addition, the increased adoption of the Internet of Things (IoT) and robotics investments have fueled the expansion of industrial robots.

This cloud robotics market report includes information on recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, and application market growths.

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Key Driving Factors: Demand for Cloud Services Is Growing, Which Will Help Market Performance

Cloud robotics has grown in popularity in the same way that artificial intelligence has. Cloud robotics is also used in a variety of businesses, including as logistics, entertainment, monitoring, and education. Rapid advancements in automation have resulted in the integration of cloud robotics, which is primarily used to increase working productivity in many industries. Furthermore, the combination of electrical, software, and mechanical systems employed in cloud robotics provides precision, speed, and accuracy. As a result, putting cloud robots in place on a regular basis will vastly improve how things are done on a bigger scale.

Opportunities: In the field of artificial intelligence, cloud robotics market trends are developing, creating significant prospects for the global market. Cloud robotics technology is being accepted by a growing number of businesses because it combines the advantages of robots with cloud-based technologies. The robotics features give the systems feeling, control, and actuation, while cloud technology gives them on-demand, convenient, and omnipresent network connectivity. The technology allows open adjustable resources such as storage systems and servers to be accessed through the network. All of these technology improvements lessen the need for service providers to intervene and require minimal management effort. The market's remarkable attributes enable it to grow in size.

This report offers the major market player’s profiles, such as Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK),and Tend (US).

Based on Application:  During the projection period, Industrial Robots will have the most market share. The market is expected to develop due to the increasing use of the Smart Factory System and the industrial revolution over the last decade. With the advancement of industrial robots, programmable robots have attained higher levels of performance in real-time applications, accuracy, robustness, and compatibility. Industrial robot adoption is also influenced by the availability of small-capacity and cost-effective requirements from small- and medium-sized companies.

The Cloud Robotics Market report has been categorized as below

By Component

  • Software

  • Services

    • Consulting services

    • Implementation services

    • Training and support services

By Service Model

  • IaaS

  • PaaS

  • SaaS

By Application

  • Industrial robots

  • Customer robots

  • Military robots

  • Commercial robots

By End-user

  • Third party users

  • Verticals

    • Manufacturing

    • Defense

    • Banking, Financial Services, and Insurance (BFSI)

    • Transportation and Logistics

    • Healthcare and Life Sciences

    • Retail

    • Others

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : July-2021