Press release
Internet of Robotic Things Market - Technological Advancement, Industry Share, Growth, Trends and Forecast 2016 - 2024
The major driving factors for the growth of global Internet of robotics market are high speed data connectivity and seamless web connectivity. Increase in the use of smart devices, e-commerce, automation in manufacturing process, digitalization, elderly population, rise in availability of broadband infrastructure and urbanization are also contributing to the growth of global Internet of robotics things market. However, lack of awareness of Internet of robotics technology, high cost of research and development activities and complexity in new product development are the factors hindering the growth of global Internet of robotics market. Growing requirements for access and control over Internet of robotics technology devices across industries and adoption of industrial robots by small and medium enterprises is expected to create opportunity for vendors operating in Internet of robotic things market. This would allow for further increase in users experience, easy integration and support services such as assistance and management of network and services in industrial processes.
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The global Internet of robotic things market is segmented on the basis of component, platform, software, services, application and geography. On the basis of component, the global Internet of robotic things market is segmented as sensors, power systems, actuators, control systems and others including electric and electronic components. The platform segment of global Internet of robotic things market includes device management platform, application platform and network platform. Based on software, the global Internet of robotic things market is segmented into analytics software, data software, security software, and monitoring software. In terms of the services provided, the global Internet of robotic things market is fragmented into professional services and managed services. Moreover, the application segment of global Internet of robotic things market is segmented into travel and logistics, defense and , healthcare and life science, manufacturing and automotive, gaming, media and entertainment, global digital marketing, government sector, retail and consumer goods, software and technology and bussiness, financial services and insurance (BFSI). On the basis of geography, the global Internet of robotic things market is segmented as North America, Europe, South America, Asia Pacific and Middle East and Africa. The Internet of robotic things market in North America is expected to lead the global IoRT market due to stable economy, growing need for elderly assistance and increasing adoption of smart robotics application for interconnection of applications. Moreover, Asia Pacific and Europe are expected to show moderate growth in Internet of robotic things market during the forecast period due to increasing demand for connected robotics in e-commerce sector.
The key players of global Internet of robotic things market are ABB Ltd., FANUC Corporation, KUKA AG, Cisco Systems Inc., Samsung Electric Co. Ltd., Aethon Inc., iRobot Corporation, Intel Corporation, Robert Bosch GmbH, Amazon.com, Inc., Northrop Grumman Corporation, Honda Motors Co. Ltd., Geckosystems Intl. Corporation, Yaskawa Electric Corporation, Google Inc. and Bluefin Robotics Corporation.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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