Cloud Robotics Market Overview
The latest research study “Cloud Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global cloud robotics market size reached US$ 4.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.64 Billion by 2027 exhibiting a growth rate (CAGR) of 20.50% during 2022-2027.
Cloud robotics represents the field involving automation systems, deep learning, big data, the internet of things (IoT), and other emerging technologies that focus on centralized infrastructures and shared services. It usually allows robots to benefit from the storage and communications resources of modern data centers, share code, perform computation, etc. Cloud robotics assists in removing maintenance as well as updates overhead and reducing dependence on custom middleware. It enables a high level of human-robot learning and interaction. In line with this, cloud robotics also contributes to digital transformation. Consequently, it is extensively utilized in various industries, such as healthcare, agriculture, construction, etc., across countries.
Covid-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Cloud Robotics Market Trends and Drivers:
The emerging trend of industrial automation and the growing digitization of businesses are primarily driving the cloud robotics market. Additionally, the inflating popularity of autonomous cars is augmenting the adoption of these services in the automotive industry to index maps, images, and data on prior trajectories, weather, and traffic, determine spatial localization, make decisions, etc., which is further catalyzing the market growth.
Besides this, the rising utilization of cloud robotics to enable warehouse and logistics automation by using mobile platforms and a local network to move pallets, coordinate platforms, share updates in real-time, etc., is positively influencing the global market.
Moreover, the introduction of innovative solutions that can handle computationally heavy tasks, allow power and cognitive collaboration, increase the available data to share with other machines and humans, etc., is anticipated to fuel the cloud robotics market over the forecasted period.
Cloud Robotics Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 4.87 Billion
Market forecast in 2027
US$ 16.64 Billion
Growth Rate
CAGR of 20.50% from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Component, Connectivity, Deployment mode and Application.
Regional scope
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled
ABB Group, Calvary Robotics, CloudMinds, FANUC Corporation, inVia Robotics Inc., Kuka AG (Midea Group), Ortelio Ltd, Rapyuta Robotics Co. Ltd., Universal Robots A/S (Teradyne Inc.), V3 Smart Technologies and Yaskawa Electric Corporation.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
Breakup by Connectivity:
Breakup by Deployment Mode:
Breakup by Application:
By Geography:
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List of Major Key Players:
The major players in the market are
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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