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Cloud Robotics Market - Segmentation, Manufacturing Cost Analysis Including Key Raw Materials, Price Trend, Key Suppliers and Forecast 2024

05-22-2018 06:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The international market for cloud robotics was valued around US$1.38 bn in the year 2015, and is foreseen to reach an amount of around US$21.9 bn over the timeframe of forecast that extends from 2016 to 2024. The market for cloud robotics is likely to exhibit at a very high CAGR of 32.4% during the forecast timeframe.

In a recent phenomenon there has been an emergence of cloud-connected robots with an expansion of their applications and it is foreseen to stimulate growth of the market. Cloud connectivity comes with better data storage capacity, improved and augmented brain power, and collective learning solutions. As such, there is a clear probability of increased adoption of cloud robotics owing to the prevailing technological advancement in the field of cloud technology.

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Soaring requirement for automation across various industries are estimated to stimulate the market for cloud robotics. There has been an ongoing and increasing requirement for improved efficiency in many different industrial processes which, as a result, is driving the demand for automation. Such increasing drive for automation is expected to bolster demand for cloud robotics. These cloud robots make use of software, electrical and mechanical systems for better speed, precision, and accuracy and as such, installations of such robots is expected to rise immensely.

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As we take geographical classifications into consideration, the world market for cloud robotics has been classified into Middle East and Africa, Latin America, Europe, Asia Pacific and North America.

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories

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