Global Cloud Robotics Market- Industry Trends and Forecast to 2025

Global Cloud Robotics Market, By Component (Software and Services), By Service Model (IaaS, PaaS, SaaS), By Application (Industrial robots, Customer robots, Military robots and Commercial robots), By End-user (Third party users and Verticals), By Connectivity Technology (Wi-Fi and others), and By Geographical Segments (North America, South America and others)- Industry Trends and Forecast to 2025

Market Analysis: Global Cloud Robotics Market

The global cloud robotics market accounted for USD 2.01 billion in 2017 and is projected to grow at a CAGR of 29% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: Global Cloud Robotics Market

Cloud robotics is a field of robotics that endeavors to raise cloud advancements, for example, cloud computing, cloud storage, and other web innovations focused on the advantages of united framework and shared administrations for robotics. Cloud robotics is a forthcoming pattern in the smart arrangement of an industry. It comprise of attributes of both robotics and also cloud base innovation. From robotics, it has inferred three functionalities, for example, sensation, incitation, and control, though, from cloud innovation it has empowered pervasive, helpful, on request organize access to a common pool of configurable assets.

The rise of cloud connected robots and their emerging applications will drive the worldwide cloud robotics market. Cloud connectivity offers expanded information storage, collective learning methods, and extended intellectual expertise. Increment and advancement of cloud robotics is the definite way on cards resulting towards the cloud innovation. Furthermore, the surging demand for manufacturing and automation crosswise over manufacturing, automotive, defense and logistics, agriculture, and healthcare sectors will drive cloud robotics and it is assumed that by the end of 2020 there will be vacancies near about 35% of robotics related jobs for the specific workers. Recent news states that the Swiss Commission for Technology and Innovation (CTI) will provide approximately USD 500K in funding to support the development of our Cloud Robotics Platform in partnership with the ICCLab/SPLab at the Zurich University of Technology.

CTI helps deliver products and services to market by facilitating joint research and developmentn(R&D) collaborations between higher education institutions and businesses. The funds will be used to support ICCLab/SPLab as it works to develop Rapyuta Robotics’ enterprise-grade cloud robotics platform into a marketable innovation.

Market Drivers and Restraints:

Rising internet and cloud infrastructure.
Rapid progress of wireless technology.
Rapid development of software frameworks and services.
Data Privacy and Security Concerns
High Initial Costs and R&D Expenses

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Market Segmentation: Global Cloud Robotics Market

The global cloud robotics market is based on component, service model, application, end-user, connectivity technology and geographical segments.
Based on component, the global cloud robotics market is segmented into software and services. Services are further sub segmented into consulting services, implementation services, training and support services.
Based on service model, the global cloud robotics market is segmented into IaaS, PaaS and SaaS.
Based on application, the global cloud robotics market is segmented into Industrial robots, customer robots, military robots and commercial robots.
Based on end-user, the global cloud robotics market is segmented into third party users and verticals. Verticals are further sub segmented into manufacturing, defense, banking, financial services, and insurance (BFSI), Transportation and logistics, healthcare and life sciences, retail and others (agriculture, education, and entertainment.
Based on geography, the global cloud robotics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Analysis: Global Cloud Robotics Market

The global cloud robotics market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of absorbable and cloud robotics market for global, Europe, North America, Asia Pacific and South America.

Key Players: Global Cloud Robotics Market

Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, CloudMinds, Hit Robot Group, V3 Smart Technologies, Rapyuta Robotics, Ortelio, Tend.ai, Ericsson, Rockwell Automation Inc., Fanuc Corporation, Yaskawa Electric Corporation, Mitsubishi, Kuka AG, ABB Group, Calvary Robotics, HotBlack Robotics Srl, Motion Controls Robotics, Wolf Robotics LLC, Tech Con Automation Inc., Matrix Industrial Automation, SIASUN and Automation IG.

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