Cloud Robotics Market Ongoing Trends and Recent Developments | Key Players like Amazon Robotics, Google, Huawei, IBM and Microsoft

According to recent research "Cloud Robotics Market by Component (Software and Services), Service Model (IaaS, PaaS, and SaaS), Application, Deployment Model (Public, Private, and Hybrid Cloud), End-User (Verticals and Third-Party Users), and Region - Global Forecast to 2022", The cloud robotics market size is expected to grow from USD 2.20 Billion in 2017 to USD 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, and increase in the adoption of Internet of Things (IoT) and advancements in Artificial Intelligence (AI), and machine learning technologies are the major factors that are expected to support the growth of the cloud robotics market.

Browse 71 tables and 43 figures spread through 122 pages and in-depth TOC on "Cloud Robotics Market”
https://www.marketsandmarkets.com/Market-Reports/cloud-robotics-market-1035.html?utm_source=Openpr

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, because it enables enterprises to develop, run, and manage software and tools, without the hassle of maintaining and updating the hardware and software infrastructure. The enterprises of all sizes are globally adopting the PaaS segment because of its simplicity, scalability, and reliability. In addition to this, PaaS applications have a high adaptability rate, due to their latest features, such as easy upgradation.

Manufacturing vertical is expected to carry the largest market size

In the verticals segment, the manufacturing vertical is expected to have the largest market share in the cloud robotics market in 2017. The demand for robotic machines is continuously increasing among manufacturers, owing to their needs for improving their operational efficiencies as well as mitigating their costs. In the manufacturing industry, robotic arms are used for replacing manual labor. Manufacturers are benefitting from robot simulations, which are increasing the efficiency of production processes, quality control, predictive maintenance, and product innovation. It also helps companies in reducing the production time as well as the costs associated with it.

Ask for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1035&utm_source=Openpr

North America is expected to have the largest market size in the cloud robotics market during the forecast period

North America is expected to have the largest market size in the cloud robotics market during the forecast period. The reason being, a majority of the vendors, such as IBM, Microsoft, Google, and Amazon Robotics, are based in North America. The region is also expected to account for the major market share and considered the most advanced region in terms of cloud, AI, and machine learning technologies. The region witnesses many R&D activities in the field of robotics, bringing advancements to cloud computing, AI, robotics, and machine learning.

Asia Pacific (APAC) is expected to witness the highest CAGR in the global cloud robotics market during the forecast period. With diversified geographic areas and a high customer base, the APAC region is expected to exhibit a strong growth in the cloud robotics market. The growth in this region is primarily driven by the presence of many manufacturing units that are gradually embracing the adoption of advanced technologies, such as cloud robotics. The market in the developing regions, such as the Middle East and Africa (MEA) and Latin America, is expected to grow, due to the low costs and greater agility offered by the cloud solutions, the increase in mobile and wireless penetration, and the development in infrastructures.

The key players in the cloud robotics market include 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),and Tend (US).

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
MnM Blog: https://mnmblog.org/cloud-robotics-market-size.html
Content Source: [https://www.marketsandmarkets.com/PressReleases/cloud-robotics.asp]

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

This release was published on openPR.