Cloud Robotics Market worth 7.51 Billion US$ till 2022 | Global Key Players- Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, CloudMinds, Hit Robot Group

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The Global Cloud Robotics Market is expected to grow from US$ 2.20 Billion in 2017 to US$ 7.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period.The proliferation of the cloud technology, broad spectrum use of wireless technologies, increase in the adoption of IoT, and advancements in AI are some of the factors that are expected to drive the growth of the global cloud robotics market.

“Platform as a Service (PaaS) segment is expected to be the fastest growing during the forecast period”
In the service model, the PaaS segment is expected to have the highest CAGR during the forecast period. This is because, it enables enterprises to develop, run, and manage software and tools, without the hassle of maintaining and updating the hardware and software infrastructure. Enterprises of all sizes are globally adopting the Paas segment, because of its simplicity, scalability, and reliability.

“Asia Pacific (APAC)is expected to grow at the highest CAGR during the forecast period.”
The APAC region includes emerging economies, such as China, Japan, Singapore, South Korea, and India. The enterprises in these economies are using cloud robotics solutions and services to streamline their business processes. The APAC region is expected to grow at the highest CAGR during the forecast period. As the region houses a large number of manufacturing units that are gradually embracing the adoption of advanced technologies, such as cloud robotics, it is expected to offer potential growth opportunities for the cloud robotics vendors.

The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
• By Designation: C-Level – 51%, Director Level – 43%, and Others– 6%
• By Region: North America – 41%, Europe – 26%, APAC – 28%, and Rest of the World (RoW)–5%

Study Objectives:
This report aims at estimating the market size and growth potential of the cloud robotics market across different segments: components (software and services), service models (Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS)), applications (industrial robots, military robots, commercial robots and personal robots), deployment models, end-users (verticals and third-party users), and regions. The primary objective of the report is to provide a detailed analysis of the major factors (drivers, restraints, opportunities, industry-specific challenges, and recent developments) influencing the market growth, analyze the market opportunities for stakeholders, and offer details of the competitive landscape to the market leaders.

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#Top Key Players in the “Cloud Robotics Market” include are Amazon Robotics (US),Google (US),Huawei (China),IBM (US),Microsoft (US),C2RO (Canada),CloudMinds (US),Hit Robot Group (US),V3 Smart Technologies (Singapore),Rapyuta Robotics (Japan),Ortelio (UK),Tend (US).

#Target Audience for Cloud Robotics Market: Software vendors,Machine-to-Machine (M2M) and telecom providers,Internet of Things (IoT) platform/middleware providers,Device and sensor providers,Cloud platform providers,Third-party integration providers,Consultancy firms and advisory firms,Robot manufacturers,Investors and venture capitalists,Value-added Resellers (VARs),Software and application developers,Government agencies.

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