The cloud robotics market size is estimated to grow from USD 4.1 Billion in 2020 to USD 24.9 Billion by 2027, growing at a CAGR of 29.4 % during the forecast year from 2021 to 2027.
The cloud robotics technology has met the expectation of eliminating the need for a powerful computer on board and thereby raising its demand in the market. Increasing adoption for automation in several industrialized sectors is the major driver in the market. On the other hand, such robots come with a drawback of lost connection from the controlling devices which may hamper the growth of the market.
The cloud robotics market is segmented as component, service model, application, end-user and region. Industrial robotics has been witnessing a massive demand over the past decade, due to the implementation of the smart factory systems.
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North America is anticipated to witness the largest share in the cloud robotics market during the forecast period; owing to the majority number of vendors, such as IBM, Microsoft, Google, and Amazon Robotics. Asia Pacific reion is expected to grow at the highest CAGR during the forecast period, as the region is admirable for manufacturing units, which are gradually embracing the adoption of advanced technologies.
The research covers the current and historic cloud robotics market size and its growth trend with company outline of Key players/manufacturers: Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, CloudMinds, Hit Robot Group, V3 Smart Technologies, Rapyuta Robotics, and Ortelio among others.
The cloud robotics market research report provides an in-depth overview of the industry including market segmentation by component, service model, application, end-user and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.
The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.
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Market Analysis and Insights: Cloud Robotics Market Analysis & Insights
Cloud Robotics Market Scope and Market Size
Cloud robotics market is segmented by region and further by countries, component, service model, application, and end-user. Players, stakeholders, and other participants in the global cloud robotics market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2016-2027.
Report further studies the market development status and future and Cloud Robotics Market trend across the world. Also, it splits cloud robotics market segmentation by component, service model, application, end-user and region to deep dive research and reveals market profile and prospects.
Major Classifications are as follows:
By Component
- Software
- Services
By Service Model
- Platform as a Service (PaaS)
- Infrastructure as a Service (IaaS)
- Software as a Service (SaaS)
By Application
- Industrial robots
- Customer robots
- Military robots
- Commercial robots
By End-user
- Retail and E-commerce
- Manufacturing
- Defense
- Banking, Financial Services, and Insurance (BFSI)
- Transportation and Logistics
- Healthcare and Life Sciences
- Others
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Reason to purchase this Cloud Robotics Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global cloud robotics market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different and cloud robotics market segments in the top spending countries across the world and identify the opportunities offered by each of them.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global cloud robotics market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global cloud robotics market.
- Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top cloud robotics market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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